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Venture capitalist Chamath Palihapitiya, the former Facebook VP of growth for mobile and international, has criticized Apple’s strategies, saying the company is “screwed.” Palihapitiya, however, has a lot of praise for Facebook and Google.(Photo : Getty Images) Venture capitalist Chamath Palihapitiya says that Apple has lost its “mojo,” compared with the overall better jobs being carried out by tech rivals Facebook and Google. Palihapitiya, who describes himself […]

Let’s analyze what we should be careful about in the midst of the recent eBay hacking scandal. There are many lessons that can be learned from the incident about our privacy and security online.(Photo : Brian Cantoni I Flickr) As many of us have already found out, eBay was recently hacked while asking users to change their information and passwords. The question, however, is what we have […]

CAIRO — The former general who is universally expected to win a landslide victory in next week’s presidential election has the support of only a narrow majority of Egyptians, according to a poll released Thursday by the Pew Research Center. The poll is the most significant measurement of Egyptian public opinion since the former general, Abdel Fattah el-Sisi, led the ouster last summer of President Mohamed Morsi […]

Islamic finance has been one of the fastest-growing sectors in global finance but the industry has yet to shake off perceptions about high costs and complexity that are holding back some issuers. Sukuk, or Islamic bonds that follow religious principles such as a ban on interest and speculation, are now a major funding tool for companies in the Middle East and southeast Asia, and are becoming increasingly […]

Etihad Airways had access to an interest-free $3 billion loan from Abu Dhabi’s ruling family, the Australian Financial Review newspaper said on Thursday, prompting criticism from rivals that have long complained of state support for the carrier. Citing what it said were leaked documents prepared for prospective financiers in 2011, the newspaper said the loan for government-owned Etihad required no repayments until 2027. The airline, which also […]

A severe shortfall in international support has left many Syrian refugees in Lebanon unable to access crucial medical care, according to a new report from Amnesty International. “In some cases, refugees have preferred to return to Syria, to receive the needed treatment” in spite of the dangerous security situation there, the report, entitled Agonizing Choices: Syrian refugees in need of health care in Lebanon, said. The situation […]

Attacks on Nigel Farage, Ukip’s leader, by other politicians have not damaged his standing with voters Photo: EPA Nick Clegg was at his most priggish this week as he sought desperately to persuade the public not to back Ukip in the European elections. Indeed, he laid into not only Nigel Farage, but all those who back him – which, by my reckoning, could be some five million voters. […]

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Six young Iranians who were arrested for posting a YouTube video of themselves dancing on Tehran rooftops to “Happy,” the globally infectious pop song, were released on bail on Wednesday as new details emerged of their possible mistreatment while incarcerated amid an outpouring of sympathy — including a subtly supportive Twitter post from Iran’s president. The arrests of the six, who were all under 25 and included […]

UNITED NATIONS — The Security Council is scheduled to vote Thursday on a resolution that would ask the International Criminal Court to investigate war crimes in Syria. Russia is certain to veto the resolution. Its Western rivals are equally certain to seize on that veto in an attempt to isolate the Kremlin diplomatically. Supporters of the resolution, which was drafted by France, have spent days drumming up […]

|By TAP Staff| Dubai outscores all US cities in terms of its healthcare system, the latest Cities of Opportunities report has revealed. Dubai is the only Middle Eastern city that features in the Price Waterhouse Cooper study takes the pulse of 30 cities at the heart of the world’s economy and culture. Dubai ranked 5th in global affordability, that measures cost of living, purchasing power and corporate […]

What do you do if you are a cheerful 25-year-old college student in Iran tired of your country and its people being portrayed in the world as angry, provocative and depressed? Answer: You make a video of your friends being happy, singing and dancing in the streets of Tehran to Pharrell Williams’ smash hit song “Happy.” “People of Tehran are happy! Watch and share our happiness! … […]

New Delhi: Aam Aadmi Party convenor Arvind Kejriwal was on Wednesday taken into judicial custody by the Delhi Police in connection with the a criminal defamation complaint filed by senior Bharatiya Janata Party leader Nitin Gadkari. Kejriwal had alleged that Gadkari was one of the most corrupt leaders of India following which the BJP leader had moved court. Kejriwal refused to submit a personal bond of Rs […]

FIFA, the governing body of world soccer, is no stranger to controversy. Allegations of bribery, corruption and vote-rigging have swirled around the organization for years, many of them recently centered on Qatar and its winning bid for the 2022 World Cup. Jerome Champagne, a French former diplomat and FIFA executive, wants the chance to right the ship. Jerome Champagne is running for FIFA president next year. Reuters […]

A copy of the video “Happy in Tehran,” originally posted on YouTube in April. Last Updated, 11:00 p.m. | Just days after Iran’s president denounced Internet censorship as “cowardly,” six young Iranians were arrested and forced to repent on state television Tuesday for the grievous offense of proclaiming themselves to be “Happy in Tehran,” in a homemade music video they posted on YouTube last month. An image […]

GAZA — For 14-year-old Aseel Radi, the promised reconciliation between warring Palestinian political factions is viewed through a forlorn fountain in a crowded market on the eastern side of Gaza City. Aseel used to visit the fountain in what is known as Palestine Square with her father, Maher, a member of the Fatah faction’s armed wing who was killed by militants from its rival, Hamas, during the […]

HERMEL, Lebanon — For many months, Shiite communities across Lebanon lived in fear as car bombs tore through their neighborhoods, punishing Hezbollah and its supporters for sending fighters to aid President Bashar al-Assad in the civil war in neighboring Syria. But Hezbollah succeeded on the Syrian battlefield in chasing rebels from the border towns where many of the attacks originated. The bombings have since stopped, leaving Lebanon’s […]

Dubai’s index makes its one-day decline in eight months on Monday and technical indicators suggest it will fall further, while most other Middle East markets also retreated. Dubai fell 5.5 percent to 4,856 points, its lowest close in a month and biggest one-day loss since Aug. 27. “I think we’ll see more selling – the key is that Dubai broke and then closed below 5,000 points,” said […]

Iran appeared to take a harder line in its nuclear dispute with world powers on Sunday by dismissing as “ridiculous” one idea that could allay Western concerns about a planned atomic research reactor. The fate of the heavy-water reactor at Arak, which has not yet been completed, is one of several thorny issues in talks between Iran and six powers aimed at reaching a long-term deal on […]

Analysts are predicting a pre-Ramadan correction on the Dubai Financial Market. They say this has happened twice before: in early 2006 after the near doubling of the market in 2005; and in 1999 when the Emaar-IPO bubble burst. It will happen again. The price-to-earnings ratio has swung from an under-valued 10 to an extremely over-sold 21. Emerging markets in the MSCI Index, whose highly prized inclusion of […]

WASHINGTON — To those who lost loved ones in the suicide bombing of the American Embassy in Beirut, Lebanon, in April 1983, it is often called “the forgotten bombing” — overshadowed by an even deadlier attack on a Marine barracks at the Beirut airport six months later. Now, a new book shines a spotlight on the embassy bombing, which killed 63 people, 17 of them American, including […]

ABU DHABI, United Arab Emirates — The strike had entered its second day when construction workers at Labor Camp 42 got word that their bosses from the BK Gulf corporation had come to negotiate. Mohammed Amir Waheed Sirkar, an electrician from Bangladesh, scrambled down the stairs to meet them. But when he got to the courtyard, he saw the truth: It wasn’t the bosses who had come. […]

Dutch far-right politician Geert Wilders Agence France-Presse/Getty Images Saudi Arabia is considering trade measures against the Netherlands because of stickers resembling the kingdom’s flag and carrying anti-Islam slogans printed by far-right politician Geert Wilders. Local business daily Al Eqtisadiah  reported on Friday that the chambers of commerce have received an order to ban Dutch companies from bidding for future projects in the country, halt visits of business […]

Thirteen labourers were killed and more than a dozen injured early yesterday when their bus ploughed into the back of a lorry. The tragedy happened on Dubai’s Emirates Road soon after 6.30am Nine of the dead were from India and four from Bangladesh. The nationality of the other two victims is unknown. The injured are being treated at Al Baraha Hospital and in Rashid Hospital, Oud Metha. […]

Happier days: Nick Clegg and David Cameron in 2010 agree to form a coalition government Photo: Getty Images Just before the general election, the Conservatives released a party political broadcast warning that a coalition would bring disaster. “Under-the-table deals will be the order of the day,” we were told. The fate awaiting savers was depicted by a hammer smashing a piggy bank. The process of proper government would […]

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