Deal Professor By STEVEN DAVIDOFF SOLOMON It’s hard to get one’s head around it: An initial public offering that would value a company in the trillions of dollars. That’s trillions, with a T. Saudi Arabia is considering selling shares in its state oil company. With 261 billion barrels of oil in reserves and a yearly output of over three billion barrels of oil, the company, Saudi Aramco, […]
The macaw has a brain the size of an unshelled walnut, while the macaque monkey has a brain about the size of a lemon. Nevertheless, the macaw has more neurons in its forebrain — the portion of the brain associated with intelligent behavior — than the macaque. That is one of the surprising results of the first study to systematically measure the number of neurons in the […]
DUBAI // Artists with special needs expressed their feelings about Ramadan through vivid art work that highlights how acceptance and respect are central to their lives. Sketches, paintings, ideas and sculptures by 24 artists from Mawaheb, an art studio for adults with special needs, were reproduced in larger-than-life exhibits they hoped would make people focus on their talent instead of their disability. “Ramadan is important. I stay […]
|By Matein Khalid|Dr. Mervyn King broke with tradition by publishing his book “The End of Alchemy: money, banking and the future of the global economy”. After all, retired governors of the Bank of England do not, as a rule, do not write/publish books, let alone write books that lambast the City of London’s culture of greed and hubris. It is no coincidence that Dr. King quotes T.S. […]
INTERNATIONAL. A sense of disappointment permeated through the global markets during trading on Monday following last week’s shocking NFP result of 38k that discounted expectations over the Fed raising US rates in Q2. With the number of jobs created falling to its lowest level since 2007, the Dollar was left vulnerable as concerns elevated over a potential economic slowdown in the States. Although the headline unemployment rate […]
ABU DHABI // Young people must be able to distinguish righteous religious leaders as those who call for peaceful tolerance, not destruction and bloodshed, Egypt’s minister of religious endowments said on Wednesday. Dr Mohammed Gomaa listed issues that need to be clarified for youth to protect society from radicalism as he spoke at the first of the Sheikh Mohammed bin Zayed Ramadan majlis series in Abu Dhabi. […]
By ISABEL KERSHNER June 7, 2016 JERUSALEM — The Israeli police briefly detained a leader of a Jewish women’s rights group on Tuesday for bringing a Torah scroll to the Western Wall, signaling a resumption of the battle over rituals at the holy site here. Lesley Sachs, the executive director of Women of the Wall, was detained as she exited the Western Wall plaza Tuesday after prayers to mark […]
INTERNATIONAL. As companies move to catch up with the digital future, they are taking a close look at what kind of executive they need to lead the way. In a new report, “The Right CDO for Your Company’s Future”, Strategy&, PwC’s strategy consulting business, defines five Chief Digital Officer (CDO) “archetypes” – descriptions of typical roles CDOs might play within an organisation. The Five Archetypes of a […]
Ali was the most thrilling if not the best heavyweight ever, but he was more than the sum of his athletic gifts Ali faces the media at the US federal court in June 1967, while on trial for refusing to be inducted into the armed forces. New York: Muhammad Ali, the three-time world heavyweight boxing champion who helped define his turbulent times as the most charismatic […]
DUBAI // Creating a safe place for children is the cornerstone of the UAE’s new Child Protection Law, so educators and a paediatrician have asked for a clear chain of command to enable an immediate response to cases flagged by schools and hospitals. Informally referred to as Wadeema’s Law, in memory of an eight-year-old Emirati girl tortured to death by her father, it will take effect on […]
DUBAI // Specially trained teams should be available around the clock to investigate clinical findings by doctors and nurses who report suspected cases of child abuse. The new legislation to protect children’s rights that is due to become law in two weeks will make medical staff more confident about speaking out, but their reports must be thoroughly checked by professionals trained to identify abuse, doctors said. “My […]
Iran’s top leader said Friday that trusting or cooperating with the United States would be a big mistake, an assertion that seemed to rule out any greater collaboration despite the nuclear deal reached nearly a year ago. The statement by the leader, Ayatollah Ali Khamenei, made in a nationally televised speech, was the latest in a series of signals that Iran’s senior leadership was not likely to […]
1. What is Ramadan? Ramadan is the ninth month in the Islamic (Hijri) calendar. It is the most holy month in the calendar for Muslims as it is believed the Quran was revealed to Prophet Mohammed during Ramadan. During this month, Muslims do not consume any food or liquid between fajr and maghrib prayers (at dawn and sunset), not even water. You can check the exact prayer […]
It’s amusing that yoghurt, which originated as a way to make milk last longer before the days of refrigeration, now makes grocery shopping last longer as we try to make sense of the dizzying selection in the refrigerator case. I regularly get questions from people confused about which yoghurt to buy. Here are a few of the most commonly asked with answers to help you choose more […]
The Chevrolet Spark is designed for city dwellers who are looking for a small car that packs all the connectivity features of the big cars, but don’t require the horsepower or the proportions of a bigger vehicle. For 2016, the all-new Spark packs 17% more power than the first-generation model, so the power output increases from a measly 84 horsepower to a more acceptable 98 horsepower. What’s […]
DUBAI // The Al Wasl Road bridge will open this Friday as part of phase two of the Dubai Canal Project. The Roads and Transport Authority project features two lanes in both directions as well as a lane for traffic coming from Al Wasl Road to Al Aathar Street. The bridge is eight metres above the canal, allowing for free flow of traffic 24 hours a day. […]
New fatwa matches a view expressed in April by Dubai’s Islamic Affairs & Charitable Activities Department Manama: A Saudi scholar has banned the use of other people’s Wi-Fi without their knowledge, saying that Islam could not tolerate theft. “Taking advantage of the Wi-Fi service illegally or without the knowledge of other beneficiaries or providers is not allowed,” Ali Al Hakami, a […]
Dubai resident M. N. Vivekanandan with his ‘Share ‘n’ Care Library in his home. Dubai: If you’re a student based in the UAE and looking for books to rent, Dubai resident M. N. Vivekanandan has initiated an easy way to do so. The 16-year-old student has a collection of over 1,000 books in his home’s ‘Share ‘n’ Care Library’. He told […]
Advanced economies must take emerging economies into confidence to get desired results The 2008 financial crisis cast a deep shadow over the recent G7 annual meeting, which kept trying to come up with solutions that could lead to the desired economic results. Over the past eight years, they have been making every possible effort to find practical solutions and bring back growth. Unfortunately, their efforts […]
Minivans have gotten a bad rap for a long time, but if you haven’t looked at one recently you are in for a surprise. Toyota builds the Sienna minivan which is attractive on the outside and roomy on the inside. Did we really say attractive? The new Sienna isn’t your typical box on wheels that distinguished the model for so long. It has sleek styling that sets […]
A Bitcoin (virtual currency) paper wallet with QR codes and a coin are seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, May 27, 2015. Reuters/Benoit Tessier/File Photo LONDON The price of the web-based digital currency bitcoin soared to its highest in almost two years on Tuesday, rising to more than $500 per unit, as worries about a further weakening of the […]
By DIAA HADID May 31, 2016 JERUSALEM — Three Palestinians convicted of murder were executed in the Hamas-controlled coastal territory of Gaza on Tuesday, less than a week after Hamas lawmakers called for the resumption of capital punishment. The three men had exhausted their appeals, and the families of the victims refused a last-minute request to spare the men, who were executed at police headquarters in Gaza City, according […]
JERUSALEM — In a politically fractious country troubled by monumental security challenges, Israel’s military has long served as an equalizer and unifier, a “people’s army” that, at least in the eyes of the Jewish majority, reflected the general interest. But the Israeli people, and with them the government, have shifted to the right amid an upsurge of Palestinian stabbings and other attacks. Now the military finds itself […]
