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INTERNATIONAL. The first Barclays UK Prosperity Map has revealed that booming house prices and returns in equity markets, in addition to higher wages and employment rates have resulted in every UK region becoming more affluent, and has driven a 41% increase in numbers of millionaires since 2010. Longer-term, growth in millionaires is expected to return to more normal levels, with a 9% increase in the UK expected […]

Neon tubes are placed in a trash can in Vincennes near Paris May 22, 2009. Reuters/Charles Platiau/Files OSLO Only a third of Europe’s electronic waste is properly recycled, with vast numbers of cellphones, computers and televisions illegally traded or dumped, a study led by the United Nations and INTERPOL said on Sunday. Sweden and Norway were close to European targets of collecting and recycling 85 percent of […]

BEIRUT, Lebanon — Lebanese demonstrators gathered by the thousands on Saturday evening to protest towering garbage piles, corruption and political dysfunction, largely avoiding the clashes with security forces that had marred earlier protests. The crowd in downtown Beirut was the biggest turnout yet, and many people arrived leery of the possibility of violence. Last weekend, security forces used water cannons, tear gas and rubber bullets as some […]

The logo of car-sharing service app Uber on a smartphone over a reserved lane for taxis in a street is seen in this photo illustration taken in Madrid on December 10, 2014. Reuters/Sergio Perez SAN FRANCISCO Uber Technologies Inc [UBER.UL] has hired two top vehicle security researchers, the company said on Friday, high-profile additions that come as the ride-hailing service ramps up its work on technology for […]

UAE. The second quarter 2015 real estate report issued by leading local consulting firm ValuStrat – has shown a steady decline in property values since the peak last year. However, the rate of decline is easing and is expected to continue to decelerate over the remainder of the year. The Residential VPI (ValuStrat Price Index), which is a 100 point index that started tracking residential values since […]

FUJAIRAH // Bookworms on the east coast are no longer lost for words with the launch of a book fair that runs until the end of the year. Residents have complained about a lack of specialist shops stocking multi-language books, with avid readers forced to buy online or make the long journey to stores in Sharjah or Dubai. The fair, held at Lulu Mall in Fujairah City, […]

DUBAI // A group of young Indian expatriates is showing their appreciation for domestic workers by hosting free movie nights for them. Maryam Usman Khan, one of the organisers, said the workers were unsung heroes and deserved to be treated as such. “We realised that many domestic workers earn a minimum wage from which they have to sustain themselves in Dubai and also a family back home,” […]

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|By Matein Khalid| A month ago, I published a column predicting history’s first Made in China global recession. Wall Street finally agreed with me last week after we witnessed the most brutal crash in global equities since October 2008. I have predicated a 20% fall in US equities several times in the last three months and the 1000 point drop in the Dow last week only reinforces […]

Should you roll one up? Why not. A portable keyboard is a very useful device as long as it’s big enough to be comfortable yet small enough to be truly portable. LG’s Rolly fits that bill and the design rolls up into a stick. It’s got 4 rows of keys, 2 less than normal but width-wise it’s nearly full-size. When you’re ready to go, just roll it […]

An Uber representative registers people on his smartphone during the kick off of a citywide jobs tour in the Queens borough of New York July 21, 2015. Reuters/Shannon Stapleton/Files BRUSSELS Brussels will launch a study in September of the taxi-hailing app Uber, in an effort to settle the legal disputes that have pitched the U.S. start-up against conventional taxis across Europe, three people familiar with the matter […]

The Saturday Profile By DAVID D. KIRKPATRICK CAIRO — Mohamed Soltan knew he had one thing going for him when the Egyptian police came to his door: He was a United States citizen, raised primarily in Ohio. It did not mean much in the moment. The police had come looking for his father, Salah Soltan, an outspoken member of the Muslim Brotherhood. But when they found only […]

Customers stand beneath an Apple logo at the Apple store in Grand Central station in New York City, July 21, 2015. Reuters/Mike Segar/Files SAN FRANCISCO Apple Inc on Thursday invited journalists to a Sept. 9 event, where it is expected to unveil new iPhones and potentially a new version of its Apple TV set-top box. The email invitation includes a colorful Apple logo with the sentence “Hey […]

Middle East Beirut Journal A man sifted through garbage piled in Beirut, Lebanon, on Monday. By ANNE BARNARD August 27, 2015 BEIRUT, Lebanon — Mohammad Rizk sat glumly in his sandwich shop on Wednesday, waiting for customers. The scent of roasting chicken mingled with the fumes of a trash pile just outside. The garbage heap, which seemed to have taken on a life of its own, now dominated the […]

INTERNATIONAL. Market price action dictates direction – traditional support levels were broken violently. Yesterday’s market was the most energised sell-off since 2008/2009. – The US dollar lead this crisis and will lead back up when the low is in – We have reached most of Steen Jakobsen’s technical targets and below is his primitive “expected” path from here (2015 low getting established) – We will see recession […]

INTERNATIONAL. OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia’s role of guarantor of $100+/bbl oil. Despite the intense financial and economic pain this decision has inflicted on Saudi Arabia, its fellow OPEC members, and […]

BullseyeBore is a heads up display for your drill. The device mounts onto any drill & projects lasers onto your work surface helping you drill a straight hole every time. The lasers also generate visual cues to ensure you’re drilling deep enough but not too deep. This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s […]

CAIRO — Saudi Arabia has arrested the accused mastermind of a 1996 bombing that killed 19 American airmen, a Saudi-owned pan-Arab newspaper reported on Wednesday, citing unnamed officials. The suspect, Ahmed al-Mughassil, was identified in an American federal indictment as a senior leader of an Iranian-backed Saudi militant group that sought to kill American military personnel in the Persian Gulf. The bombing destroyed an eight-story building in […]

BEIRUT, Lebanon — The haplessness of the Lebanese government was evident on Tuesday when its attempts to contain a political crisis over festering garbage were thwarted on several fronts. After the Environment Ministry presented the cabinet with a set of bids for new garbage collection contracts, members of Hezbollah, the country’s most powerful political party, called them extravagantly high and “a farce” and walked out of the […]

UAE. The continuation of low energy prices is impacting both optimism and risk appetite in the Middle East, according to Deloitte’s latest report “Global CFO Signals: CFO Sentiment Q2 2015 – Staying focused; remaining vigilant”. With oil at US$53 a barrel at the time of the survey, CFO optimism fell to one of its lowest levels in recent years, with only a net 26% across the Middle East […]

UAE. The MENA Region is all set to become a global logistics hub in the next few years, an Al Masah Capital Limited Report on “Transportation & Logistics in MENA” has revealed, which experts believe will be driven by the emergence of the MENA-Asia trade corridor that will redefine global supply chains. Notably in 2013, India and China ranked as top merchandise export and import destinations for MENA […]

UAE. Business confidence in the Middle East continued to fall in the second quarter of 2015, but not as quickly as it had in the first three months of the year, according to the to the Global Economic Conditions Survey (GECS) organised by ACCA (the Association of Chartered Certified Accountants and IMA (the Institute of Management Accountants). The slight optimism was due to a temporary reprieve in […]

Based in sub-Saharan Africa, Oliberté works with African craftsman for the creation of their original, handmade, & Fair-Trade leather footwear. They’re also making gear bags and packs. The Tan Pullup pack is made entirely of Ethiopian leather & features a top-load design with internal pockets, a reinforced bottom, & a 15” laptop sleeve. This entry passed through the Full-Text RSS service – if this is your content […]

KIBBUTZ SUFA, Israel — Looking out across the perimeter fence of this small rural community in southern Israel, along the border with Gaza, Eyal Shalev, 23, sees a battlefield. Last summer, during Israel’s 50-day war with Hamas in Gaza, Mr. Shalev was on the other side, in a tank. His younger brother, Sgt. Shachar Shalev, who was fighting with the Paratroopers Brigade inside Gaza, was critically injured […]

GAZA CITY — At this time last year, as the missiles and bombs rained down in Israel’s lopsided seven-week war against Gaza, I wrote about our struggle to survive during the holy month of Ramadan. This year, another Ramadan has passed, Eid al-Fitr is over and the reality on the ground has changed very little. The same dreadful conditions are creating desperation among Gaza’s inhabitants, whose lives […]

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