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26 November 2016 The Information & Communication Technology Fund (ICT Fund) signed a sponsorship and collaboration agreement with the American University of Sharjah to provide 15 scholarships for distinctive students. This agreement coincides with the UAE Innovation Week, which takes place from 20-26 November 2016. The offered scholarships fund the bachelor studies of programs related to the ICT sector, including Electrical Engineering, Computer Engineering and Computer Science. […]

He seized power audaciously in 1959 and commanded to the last a powerful personal following inside and outside Cuba. But during more than half a century in office Fidel Castro, who has died at the age of 90, metamorphosed from a popular and charismatic guerrilla leader into a traditional caudillo, an autocratic holdover from another age. At his life’s end, although bolstered by the emergence of a […]

By Steve Holland and John Whitesides | WASHINGTON WASHINGTON Republican presidential front-runner Donald Trump made a surprise closed-door visit to the Republican National Committee on Thursday after a tumultuous two days on the campaign trail that included a reversal of his pledge to support the party’s nominee. Trump, who is also struggling to contain the fallout from his Wednesday comment that women who have abortions should be […]

By Marc Frank | HAVANA HAVANA Fidel Castro, the Cuban revolutionary leader who built a communist state on the doorstep of the United States and for five decades defied U.S. efforts to topple him, died on Friday, his younger brother announced to the nation. He was 90. A towering figure of the second half of the 20th Century, Castro had been in poor health since an intestinal […]

Event recognizes importance of encouraging innovation, knowledge and reading in cultural advancement UAE, November 24, 2016  In celebration of the UAE Innovation Week 2016, the Secretariat of the Supreme Legislation Committee (SLC) has held a ‘Reading Day’ recently as part of the national efforts to promote science, innovation and reading and place the UAE as one of the leading capitals in culture, knowledge and innovation. This move […]

The Ras Al Khaimah Government has decided to amend maternity leave rules for working women, enabling them to take three months of fully paid leave. The move follows the directives of the UAE Gender Balance Council to strengthen the balance index between the sexes in government agencies, news agency WAM reported. The council was launched by Vice President and Prime Minister and Ruler of Dubai, Sheikh Mohammed […]

ABU DHABI // Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Cooperation, received the United Nations (UN) Secretary-General on Friday in Abu Dhabi where they discussed ways to strengthen relations through partnerships in humanitarian and developmental fields. Sheikh Abdullah and Ban Ki-moon also discussed current regional and global developments, including efforts to counter terrorism. The meeting was attended by Reem Al Hashimy, Minister of State […]

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Tata has replaced Cyrus Mistry as chairman of its steel subsidiary, as it seeks to reassert control over its operating companies in the midst of India’s biggest boardroom battle. In a statement to the Mumbai Stock Exchange, Tata Steel said that “in view of the current situation” its board had voted by a majority to replace Mr Mistry as chairman with immediate effect and elected Mr O […]

Sunil John, the founder and CEO of ASDA’A Burson-Marsteller, was presented with the Chairman’s Award at the Middle East PR Awards 2016. Now in its eighth year, the Middle East PR Awards recognises agencies, corporates, teams and individuals who have shown exceptional return on investment, creativity and strategic impact. The Chairman’s Award, one of the top prizes at the industry’s biggest event, is given to an individual […]

As Art Dubai enters its second decade under the new leadership of director, Myrna Ayad, there are several changes afoot. The first, most notable difference at the 11th edition, due to open next March, is the Marker section – an area of the fair dedicated to art from one specific geographic area – has been removed. Pablo del Val, the director of exhibitor relations at Art Dubai, […]

On the eve of the 2013 Abu Dhabi Grand Prix, Mercedes duo Lewis Hamilton and Nico Rosberg were invited to take part in a dune-buggy race in the desert. The pair’s approaches were telling: Hamilton the born racer immediately jumped at the chance to get in the cockpit, while Rosberg preferred to take time to assess the challenge, methodically asking questions about the possible dangers. Rosberg is […]

November 24, 2016 by: Yuan Yang in Beijing and Peter Wells in Hong Kong Ctrip International has agreed to pay £1.4bn ($1.7bn) for Skyscanner, the Scottish airfare comparison website, in move that will help the Chinese online travel group target the country’s booming outbound tourism industry. Some 120m Chinese tourists went abroad last year — more than double the number of 2010, according to the China Tourism Research […]

The facility is Hempel’s second largest decorative factory in the world, and the largest in the Middle East Kingdom of Saudi Arabia – 23 November 2016 Hempel Paints, a global supplier of marine, protective and decorative coatings, announced plans to move its entire production in Saudi Arabia to its new plant in Jeddah’s Second Industrial City as part of a strategy aimed at meeting the needs of its […]

The vicious battle roiling India’s once-admired Tata Group has escalated further with Cyrus Mistry, the recently deposed chairman, saying the conglomerate’s ill-fated $12bn acquisition of Corus in 2007 was mainly to satisfy the “ego” of his predecessor Ratan Tata. In his latest salvo, Mr Mistry — who is resisting attempts to force him off the board of several Tata operating companies — also claimed Tata Consultancy Services […]

The report comes as part of the Ministry’s contribution to UAE Innovation Week 2016 H.E. Noura Al Kaabi: We are always looking to draw lessons from our experiences; this report allows us to look back on our processes and plans and build on them to keep improving our electoral process moving forward Abu Dhabi, November 23, 2016  The Ministry of State for Federal National Council (FNC) […]

WASHINGTON A U.S. banking regulator is considering whether to harden sanctions against lenders that abuse their clients or violate banking laws, according to a draft plan, seen by Reuters, that was drawn up in the wake of a scandal at Wells Fargo. Wells Fargo in September agreed to pay $190 million to settle charges that bank employees opened as many as 2 million accounts without customers’ knowledge. […]

ABU DHABI // Education is essential for the future of young Emirati men and women and the whole nation, Sheikh Nahyan bin Mubarak told the Arab Knowledge Forum in Dubai this week. The UAE Minister of Culture and Knowledge Development said the UAE is moving in the right direction thanks to “wonderful examples of young Emiratis”. “We must provide an education that empowers our youth to embrace […]

ABU DHABI // The UAE is focused on tourism as one of the main pillars of the post-oil economy, Sultan Al Mansouri, Minister of Economy, has said. Under the directives of the country’s leadership, the Emirates has developed an economic system based on diversity, innovation and sustainability that achieved an 8.7 per cent GDP growth worth Dh134 billion during 2015, said the minister in an interview with […]

By Henning Gloystein | SINGAPORE SINGAPORE Oil prices rose to their highest level since October on Tuesday as the market priced in an expected output cut led by producer cartel OPEC, but analysts warned that a failure to agree on a cut could lead to a deepening supply glut by early 2017. International Brent crude oil futures rose as high as $49.63 a barrel on Tuesday, up […]

Riyadh, 22 November 2016   Investcorp, a global provider and manager of alternative investment products, today announced that an entity managed by it has invested in a stake in the leading private medical laboratory chain in the GCC, Al Borg Medical Laboratories (“Al Borg” or the “Company”). Established in 1999 in Jeddah, Al Borg has 53 laboratories across eight countries in the GCC and Africa, with a clear […]

By Saikat Chatterjee | HONG KONG HONG KONG Asian stocks struck one-week highs with investors undeterred by a powerful earthquake in Japan on Tuesday, but after Wall Street closed at a record peak they were also wary of chasing prices higher until President-elect Donald Trump picks his economic team. Crude oil extended gains in Asian trading with U.S. West Texas Intermediate (WTI) up 1 percent in early […]

Mike Mullen, the former chairman of the joint chiefs of staff, has voiced concerns about the temperament of Michael Flynn, the controversial retired army general who Donald Trump has chosen for national security adviser. Mr Mullen said Mr Flynn, who served as his top intelligence officer at the Pentagon, had been “highly regarded” in the military. But speaking at the Aspen Institute, he said he was less impressed by […]

The Malaysian central bank’s moves to curb what it describes as “speculative and damaging” offshore trading in the ringgit are causing disquiet among investors and raising concerns about the regulator’s handling of the markets. Bank Negara Malaysia has asked foreign banks to commit to stop trading the ringgit — Asia’s worst-performing currency against the US dollar in 2015 — in the offshore non-deliverable forwards market. Malaysian debt […]

November 21, 2016 by: Shawn Donnan and Andres Schipani in Lima US President Barack Obama wrapped up his final official trip abroad with a call for his successor Donald Trump to live up to America’s responsibility as an “indispensable nation” in the world, and to bolster the international order it had helped create. Amid fears that Mr Trump’s election victory on the back of a populist anti-internationalist […]

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