Dallas Mayor Mike Rawlings has finally reached his maximum willingness to throw taxpayer dollars at the Dallas Police and Fire Pension (DPFP) system and has pulled is support for a bill that, if it passes, will undoubtedly prove to be yet another futile effort to save the system from insolvency. Despite support for the original legislation introduced by Dan Flynn, chair of the pensions committee in the […]
OTTAWA Canadian Prime Minister Justin Trudeau faces his first real test with voters on Monday, with five by-elections across the country shaping up as a barometer for the strength of his Liberals since being elected to a shock majority in 2015. The regional votes to elect two members of parliament in Calgary and one member each in Ottawa, Toronto and Montreal are considered safe seats – three […]
AED 77 billion of Dubai real estate transactions during the first quarter of 2017 Dubai, UAE, April 3, 2017 The Dubai Land Department revealed the results of real estate transactions during the first quarter of 2017. His Excellency Sultan Butti bin Mejren, Director General of Dubai Land Department announced the value of real estate transactions that reached AED 77 billion through 20 thousand real estate transactions. Dubai […]
When Nicole Dahmen opened her Sunday paper early last month, she found something she wasn’t expecting. On Feb. 12, The (Eugene, Oregon) Register-Guard announced the start of an ongoing editorial project on homelessness. “Living in the Northwest, living in the West Coast, living in Eugene, homelessness is the problem,” said Dahmen, an assistant professor in the School of Journalism and Communication at the University of Oregon. The […]
The merger between First Gulf Bank (FGB) and National Bank of Abu Dhabi (NBAD) formally completed on Sunday, as the board of directors unveiled a new name for the bank. In a statement, the board of directors announced that the merged entity would be named First Abu Dhabi Bank, subject to regulatory approvals and following a General Assembly Meeting to be held “at a later stage” to […]
Kuwait City, April 1st 2017: KAMCO Investment Company, a leading investment company with one of the largest AUMs in the region, acted as the acquisition advisor to Qurain Petrochemical Industries Company KSCP (“QPIC”) on the acquisition of 20.5% of National Petroleum Services Company KSCP (“NAPESCO”). The transaction has been successfully completed throughout multiple stages that was initiated in the third quarter of 2016 and finalized in March […]
01 April 2017 Dubai’s trade performance has shown steady and sustainable growth over the last five years, with non-oil trade volumes in metric tonnes registering a compound growth rate of 6.1% according to figures from Dubai Customs. Despite a challenging macroeconomic environment which impacted global trade, Dubai’s trade volumes grew a healthy 8.2% in 2016, compared to the previous year, reflecting the resilience of the Emirate’s economy, and […]
Once upon a time Washington was simple: on one hand you had Republican interests, on the other: Democrats, and inbetween them perhaps, the occasional independent or “green.” Now… it’s less simple. At last check, DC currently boasts at least nine different parties, groups, factions or ideologies. Which is why keeping track of who wants what, and how the various groups allign, in US politics has become quite […]
Event will gather together CEOs, CMOs, Presidents and VPs from across the region and beyond Riyadh KSA, April 1 2017: For the first time, Saudi Arabia will host the ‘Top CEO Conference and Awards’ – an event which will see CEOs, CMOs, Presidents and VPs from across the Arabian Gulf region and beyond gather together on 10th and 11th April 2017 at Bay La Sun Hotel & […]
01 April 2017 Kuwait: Kuwait Finance House (KFH) has introduced a foreign currencies ATM machine at the airport branch in collaboration with K-Net in efforts to meet customers’ aspirations by offering them the best banking services and the most convenient banking experience as per highest standards of quality. “This ATM enables KFH and non-KFH customers to withdraw up to 4 different currencies; Dollar, Euro, Dirham and Riyal […]
By Simon Lewis and Wa Lone | YANGON YANGON Myanmar goes to the polls on Saturday for the first time since Aung San Suu Kyi’s party swept to power a year ago, in an early indication of views on her leadership amid increased fighting with armed ethnic groups and slower economic growth. The by-elections will fill 19 vacant seats in the national and regional parliaments at a […]
FUJAIRAH // Sheikh Mohammed bin Rashid offered his condolences to Sheikh Hamad bin Mohammed Al Sharqi, Ruler of Fujairah, on the death of the emirate’s Deputy Ruler. The Vice President and Ruler of Dubai visited the majlis at Al Remailah Palace in Fujairah, where he was also met by Sheikh Mohammed bin Hamad, Crown Prince of Fujairah, and the sons of the late Sheikh Hamad bin Saif […]
Dubai, UAE, Singapore, March 31, 2017 Takeda Pharmaceuticals Company Limited (“Takeda”),announced today that Ricardo Marek has been appointed as the President of the Emerging Markets Business Unit (EMBU), based in Singapore, effective April 1, 2017. In his new role he will lead allbusiness operations across five geographic Areas that compriseEM BU – Asia Pacific (excluding Japan), China, Latin America, Middle East & Africa and Russia-CIS. Marekwill also […]
Verizon said on Friday it would reorganize its operating structure to focus on three core business areas: media and telematics, network and technology, and customer and product operations. The telecom giant has also hired former Ericsson CEO Hans Vestberg to lead its new network and technology team. Vestberg will focus on further developing Verizon’s fiber network infrastructure. He will initially be based in Sweden, and is expected […]
Rackspace CEO Taylor Rhodes: “Amazon is a tornado.” Rackspace CEO Taylor Rhodes is disarmingly honest about the ride the company has been on in recent years. This is what happens, he says, “when the world’s largest bookseller comes into your industry.” It wasn’t Amazon’s bookselling ability that caused Rackspace headaches, of course, but its cloud computing division Amazon Web Services (AWS). Rackspace started out as web hosting […]
President Jacob Zuma has sacked Pravin Gordhan, his finance minister, and eight other cabinet members, threatening turmoil for South Africa’s fragile economy and setting the stage for the biggest crisis yet for the ruling African National Congress under his leadership. Mr Zuma’s decision to fire Mr Gordhan as part of a late-night cabinet reshuffle sent the rand down 2 per cent on Friday, taking the currency’s decline […]
President Trump’s Air Force Secretary nominee, Heather Wilson, told the Senate Armed Services Committee on March 30 that she had consulted honorably for four U.S. nuclear weapons laboratories years ago, even though she never produced a detailed written accounting of how she had spent her time while earning $20,000 a month. Wilson, a former Air Force pilot and House lawmaker who now runs the South Dakota School […]
If President Jacob Zuma of South Africa wanted to know how markets would react if he sacked Pravin Gordhan as finance minister, he got part of the answer this week. The rand shed 4.4 per cent of its dollar value earlier this week after Mr Zuma ordered Mr Gordhan to cancel a roadshow with investors on the first day and fly home from London, without explanation. The […]
JOHANNESBURG South Africa’s main opposition leader said on Thursday he plans to bring a motion of no confidence against President Jacob Zuma in parliament after an ally of the ruling ANC confirmed Zuma’s intention to fire Finance Minister Pravin Gordhan. “At a time when 9 million South Africans are without work and our fragile economy requires leadership and clear policy direction, President Zuma continues to play “Russian […]
PHNOM PENH Cambodia’s exiled former opposition leader Sam Rainsy was sentenced in absentia on Thursday to an additional 20 months in prison for defamation, on top of a previous five-year term. Opponents of Prime Minister Hun Sen accuse him of using defamation cases and other tactics to marginalise rivals ahead of local elections in June and a general election next year. The case against Sam Rainsy had […]
“We recognized the nature of the fight was going to change and that we had to ensure that authorities were down to the right level and that we empowered the on-scene commander,” General Votel said. He was speaking specifically about discussions that he said began in November about how the fights in Syria and Iraq against the Islamic State were reaching critical phases in Mosul and Raqqa. […]
By Se Young Lee and Anjali Athavaley | SEOUL/NEW YORK – SEOUL/NEW YORK – Samsung Electronics Co Ltd (005930.KS) unveiled its Galaxy S8 flagship smartphone as it battles to regain the market leadership it lost to Apple Inc (AAPL.O) after the embarrassing withdrawal of the fire-prone Note 7s. Boasting some of the largest wrap-around screens ever made, the long-awaited S8 is the South Korean technology company’s first […]
UMM AL QUWAIN // Housing support valued at Dh590 million has been awarded to 915 Emiratis. The Sheikh Zayed Housing Programme board of directors confirmed the names of the recipients, under directives from the President, Sheikh Khalifa, and Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. It was overseen by Sheikh Mansour bin Zayed, Deputy Prime Minister and Minister of Presidential Affairs. The decision was […]
New photovoltaic plant will add 61.3 MWp of installed energy capacity to Risha, Jordan Lowest tariff for solar energy ever presented for a Jordan-based photovoltaic project The plant marks ACWA Power’s strategy of continuous investment Jordan, and its second Solar Photovoltaic Plant The new PV plant will bring the installed capacity in Jordan as controlled by ACWA Power to 1,665 MW further consolidating ACWA […]
