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Prince Alwaleed: “This transaction marks yet another success for Kingdom’s value realization strategy” 10 January 2017 Kingdom Holding Company (KHC) chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, announces that it has successfully sold its 100% interest in the Mövenpick Hotel Ambassador Accra to QG Africa Hotel LP, a Mauritius-based fund managed by Quantum Global Investments Africa Management Ltd. for a consideration of $100M. The […]

Submitted by Soeren Kern via The Gatestone Institute, Sharia courts administering Islamic justice in Britain are run by clerics who believe some offenders should have their hands chopped off, according to Muslim scholar Elham Manea. She described the prevailing attitude as “totalitarian” and as more backward than some parts of Pakistan. Teaching children fundamental British values is an act of “cultural supremacism,” according to the National Union […]

Well this is a relatively fast exit. In March last year a brand new smart watch brand appeared hoping to offer something different. Combining the incredible engineering talent in Central Europe’s Romania, with the the business smarts of London and former executives from Citizen watches, the Vector startup carved out a very credible slot in the ‘affordable luxury’ smart watch sector. Only year later, Vector has been […]

PARIS Far-right French presidential candidate Marine Le Pen said on Tuesday she would seek to repatriate production of French motor vehicles and other industrial goods – just as President-elect Donald Trump hopes to do in the United States. Trump has threatened to slap tariffs on cars made abroad, saying the practice costs American jobs. He has praised Ford Motor Co’s decision last week to scrap a plan […]

KUALA LUMPUR The Sulu Sea between eastern Malaysia and the Philippines has become dangerous for merchant shipping due to rising threat of kidnappings, the International Maritime Bureau (IMB) said on Tuesday. The Sulu archipelago is a stronghold of the Abu Sayyaf, an al-Qaeda linked group notorious for kidnappings and, increasingly, piracy. The IMB report was released just hours after armed men attacked a fishing boat, killing eight […]

BEIJING A Chinese professor has been sacked after he criticised Chairman Mao Zedong on his 123rd birthday in an commentary he posted online that enraged leftists. Mao, who died on Dec. 9, 1976, is still officially venerated by the ruling Communist Party as the founder of modern China and his face appears on every yuan banknote. But he is particularly respected by leftists who believe the country […]

John Legend Darkness and Light (Columbia) Three stars You could write an essay about the opening track – and latest single from – John Legend’s fifth album. “They say sing what you know / But I’ve sung what they want / Some folks do what they’re told / But baby this time I won’t”, begins I Know Better. So, this is Legend taking a long, hard look […]

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Tuesday 02:10 GMT Overview Stock and currency markets across Asia were mixed as Wall Street again pulled back from record highs, leaving the Dow Jones Industrial Average shy of the 20,000 milestone. Hot topic Producer price inflation in China continued to climb, with data showing wholesale prices rose in December at their fastest pace since September 2011. The producer price index was up 5.5 per cent year […]

By Tom Miles | GENEVA GENEVA Smoking costs the global economy more than $1 trillion a year, and will kill one third more people by 2030 than it does now, according to a study by the World Health Organization and the U.S. National Cancer Institute published on Tuesday. That cost far outweighs global revenues from tobacco taxes, which the WHO estimated at about $269 billion in 2013-2014. […]

Reykjavik (AFP) – The Panama Papers came back to haunt Iceland’s right-wing parties Monday as they prepare to form a new government, after the candidate for prime minister admitted hiding a report on offshore accounts. Iceland was rocked in April when the Panama Papers revealed a global tax evasion scandal that ensnared several senior politicians and triggered the resignation of former prime minister Sigmundur David Gunnlaugsson, with […]

09 January 2017 Technology today has progressed to the point where innovation is no longer about creating a better life, instead it is the desire to create a better lifestyle for consumers that underpins the most exciting new products. While some of these innovations will quickly find their way into our lives and change how we do things, others are concepts that may or may not be […]

Upon the closing of the $4.8 billion sale of Yahoo to Verizon, Yahoo will see itself renamed to Altaba Inc as it begins its new direction as an investment company. Complementing the name change will be a new board of directors, with only five individuals claiming a position at the table. Tor Braham, Eric Brandt, Catherine Friedman, Thomas McInerney, and Jeffrey Smith will continue to serve as […]

The real reason Windows has sunk below the 50-percent mark is that smartphones and tablets are continuing to grow while the desktop keeps shrinking. Image: Nate Ralph/CNET Windows is still the most popular end-user operating system, but it’s now used by less than half of the visitors to the federal government’s websites. Windows has fallen to less than half of web visitors to US government websites. The […]

Most Popular 1 Donald Trump Is Not Too Big to Fail 2 Courageous House Progressives Raise ‘Justice and Fairness’ Objections to Certifying Trump 3 Sherrod Brown Is the First Senator to Say ‘No’ to Jeff Sessions 4 This Monday, Join Protests Across the Country to Block Trump’s Climate-Denying Cabinet Picks 5 Why Workers Everywhere Should Be Scared by Kentucky’s Assault on Unions A Fascist Original Having said […]

By Zachary Fagenson and David Shepardson | MIAMI/DETROIT MIAMI/DETROIT Volkswagen AG (VOWG_p.DE) suffered a new setback on Monday when an executive was charged with conspiracy to defraud the United States over the company’s diesel emissions cheating and the automaker was accused of concealing the cheating from regulators. Oliver Schmidt, who was general manager in charge of VW’s environmental and engineering office in Michigan, did not enter a […]

Abu Dhabi // Rulers and officials of the GCC on Monday sent messages of condolence to the Iranian president and the family of Akbar Hashemi Rafsanjani, the senior revolutionary figure and pragmatist who had developed good relations with member states and presided over a thaw in Tehran’s relations with Riyadh during his tenure as president. Rafsanjani died on Sunday at the age of 82 after suffering a […]

Bigger may not always be better when it comes to beverage companies. Goldman Sachs analysts, in a note on Monday, downgraded shares of Coca-Cola to “sell” while upgrading Dr Pepper Snapple to “neutral,” saying that the policy winds of 2017 may blow more favourably for US-centric companies than multinational players. A key headwind facing multinationals such as Coca-Cola in 2017 is the strong US dollar, which recently […]

09 January 2017 Etihad Etisalat (Mobily) announced today that its Board of Directors had approved the appointment of Eng. Ahmed Abdulsalam Abdulrahman as Mobily Chief Executive Officer and the acceptance of the resignation of Mr. Ahmad Farroukh. The Chairman and Board of Directors offered their sincere thanks and appreciation to Mr. Ahmad Farroukh for all his efforts in stabilizing the company and wished him the very best […]

By Svea Herbst-Bayliss | HARTFORD, Conn. HARTFORD, Conn. Boston Fed President Eric Rosengren on Monday called for the U.S. central bank to step up its pace of interest rate increases from the once-a-year pattern it has pursued since 2015, warning of inflation risks if it does not. “I expect that appropriate monetary policy will need to normalize more quickly than over the past year,” Rosengren told the […]

DUBAI // The main site for the UAE Food Bank was announced on Monday after the first meeting about the new charity initiative. The bank’s main branch will be in the Dubai Vegetable Market, while 15 other outlets are planned for inside and outside the UAE. Sheikha Hind bint Juma Al Maktoum, Chairwoman of the Food Bank, said it is hoped that it will become the “biggest […]

“We have no eternal allies, and we have no perpetual enemies. Our interests are eternal and perpetual, and those interests it is our duty to follow.” So Henry Temple, the third Viscount Palmerston, described British foreign policy in 1848, at the height of its imperial pomp. “England is a power sufficiently strong, sufficiently powerful to steer her own course.” It is more than fanciful to imagine US […]

The world’s main repository for data on credit derivatives deals will move its database on to the blockchain, in the first big test case for whether the emerging technology can be employed across the finance industry. The DTCC, a US post-trade services group that processes more than $1,500tn of securities a year, will use technology from IBM and US blockchain start-ups R3 and Axoni as the basis […]

Two weeks ago we previewed that the U.S. Department of Energy could begin to sell off some of its strategic petroleum reserve (SPR) as soon as January, the beginning of a multi-year process to shrink the nation’s stockpile of oil. Congress has authorized DOE to sell off $375.4 million worth of oil in its recent budget resolution. The DOE said that such a sale could be held […]

Doha, 9 January 2016 Dr. R. Seetharaman, Doha Bank CEO was conferred with the Pravasi Bharatiya Samman Award (PBSA) by the Hon’ble President of India, Shri Pranab Mukherjee at the PRAVASI BHARTIYA Divas Convention on 9 January 2017 which is the highest honour conferred on overseas Indians by the Government of India in recognition of their achievements both in India and abroad. The  PBSA was conferred was […]

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