In a curious incident that is certain to provoke questions about the proximity, not to mention fund flow, between Israel and ISIS the former Israeli Defense Minister, cited by the Times of Israel, said that Islamic State terrorists have on at least one occasion “apologized” to Israel for mistakenly attacking IDF soldiers in the occupied Golan Heights. The disclosure may also provide some insight into why after […]
Cloudera CEO Tom Reilly ringing the bell at the NYSE Friday. Cloudera closed out its first day of trading on the New York Stock Exchange with its share price up 20 percent to $18.10. The Apache Hadoop-based software and services distributor started trading Friday morning at $17.80 a share under the ticker symbol CLDR. On Thursday evening, Cloudera priced its shares at $15, raising around $225 million […]
Emerging from an Hermès store in Shanghai with a shiny new watch costing “tens of thousands” of renminbi, Zhao Feifei is emblematic of a younger generation of Chinese consumers driving a rebound in sales of European luxury brands. “I’m earning more than before so I’m more willing to spend,” says Ms Zhao, who works in an internet finance company. The 30-year-old is one of the many customers […]
By John Irish | CHATELLERAULT, France CHATELLERAULT, France French presidential hopeful Emmanuel Macron launched a scathing attack on Friday against politicians who have failed to endorse him against far-right rival Marine Le Pen, saying they were making France “morally weak” and pandering to extremists. Having been caught on the hop by Le Pen since the start of the second round campaign this week, and with just over […]
From the Slope of Hope: Earlier this week, my son asked me a sincere question: “How come Marissa Mayer got $200 million by screwing up Yahoo?” It was a good question, and one I had trouble answering at first, because I’d like him to think that there’s some level of fairness, meritocracy, and sensibility to this world of ours. In Mayer’s case, however, there is none. Her entire massive fortune is […]
Dubai-based business tycoon Mohamed Alabbar is weighing buying in to venture capital firms in the Middle East to help kick start his $1 billion technology fund, according to people familiar with the matter. Representatives for Alabbar held talks with several regional companies, including Middle East Venture Partners and BECO Capital, about either buying them entirely, joining as a co-investor or making a significant investment in the firms, […]
Emerging market equities have been the darling asset class de jour in 2017, mainly in Asia and Latin America, despite the March FOMC rate hike, a US Dollar Index at or above 100 and a mini-swoon in crude oil after a Saudi-Russian output cut spat. Earnings growth (India/Thailand) a stabilized currency (China), policy reforms (India, Brazil, Indonesia) local interest rate cuts (Brazil) and lower US protectionist policies […]
Barclays has reported a doubling of underlying quarterly profits, excluding a big hit for selling its African unit, as its chief executive sought to shift attention away from a row over his treatment of a whistleblower. Jes Staley, who is being investigated by British and American regulators for trying to discover the identity of a whistleblower, said: “We are now just two months away from completing the […]
The Australian Federal Police (AFP) has revealed that it “mistakenly” accessed a journalist’s call records without a warrant in breach of the data-retention legislation. According to the AFP, there was no “malice” involved in the breach, and there should be no inference that the journalist in question had committed an offence leading to their call records being illegally accessed by the AFP. “Earlier this week, the AFP […]
. 240 modern gas stations across the country set for completion by 2020 · Strong support is required to encourage organized companies to step in to the service field. 26 April 2017 Riyadh – Petromin, the leading lubricants and automotive services company in Saudi Arabia, outlined plans to build 240 gas stations across the Kingdom at the 10th edition of the Saudi Travel and Tourism Investment […]
Almost every time a hot Silicon Valley startup finally grits its teeth and releases diversity data, the story’s the same. Facebook? Mostly male. Uber? Male-dominated. Google? Same story. It’s a problem that’s gotten plenty of play in the tech press. In 2014, Wired ran an 1,800-word dissection of Silicon Valley male-ness titled “This is what tech’s ugly gender problem really looks like.” The story, which profiled women […]
Artificial Intelligence (AI) is a concept that has a long standing tradition in the realm of science-fiction, popularized by Hollywood movies and iconic writers such as Isaac Asimov. However, AI has also received increased attention in recent years following news of progress in the field and the prospect of new, tangible, innovation such as self-driving cars. The Internet has played an important role in these developments, particularly […]
MANILA, Philippines – The Philippines has taken the limelight in Southeast Asia not only as the host of the ASEAN Summit this year, but also as a center of infrastructure development in the region given the government’s aggressive infrastructure push. The country’s lead infrastructure agencies said in a press briefing yesterday their respective infrastructure development programs have garnered strong interest from other members of the Association of […]
Dubai, 26 April, 2017: Mawarid Exchange, a leading exchange company has signed Remittance Agreement with the Land Bank of the Philippines, one of the top government financial institutions in Philippines. The agreement has been signed by Mr. Mohamed Al Nuaimi, CEO, Mawarid Exchange and Mr. Alex V. Buenaventura, President, Land Bank of the Philippines. According to this agreement, Mawarid Exchange clients shall be able to use the […]
The big announcement of the really, really big Trump Tax Plan with the “biggest tax cuts in history” came out bigly on Wednesday, as Trump promised. Treasury Secretary Steven Mnuchin and National Economic Council Director Gary Cohn, Trump’s latest tax team, beamed proudly as they presented their baby. The stock market took a deep breath, then looked at their brainchild and completely petered out. First, let me say, I clearly have nothing to recant […]
Indian carrier Jet Airways said Wednesday it had suspended a foreign pilot from flying duty over allegations that he assaulted a woman and hurled racist abuse at another passenger on a domestic flight. The Mumbai-based airline, in which Abu Dhabi’s Etihad Airways holds a 24 percent stake, confirmed the incident took place on April 3 on a Chandigarh-Mumbai flight, adding the pilot in question had been taken […]
Two of America’s most prominent Republican dynasties — the Bushes and the Romneys — are locked in a $1bn-plus battle to acquire the Miami Marlins baseball team, in a tangled sale process that previously included a rival bid from the family business of Jared Kushner. A consortium bid fronted by Jeb Bush, the former Florida governor and presidential candidate, and Derek Jeter, the retired New York Yankees […]
. 240 modern gas stations across the country set for completion by 2020 · Strong support is required to encourage organized companies to step in to the service field. 26 April 2017 Riyadh – Petromin, the leading lubricants and automotive services company in Saudi Arabia, outlined plans to build 240 gas stations across the Kingdom at the 10th edition of the Saudi Travel and Tourism Investment […]
Citigroup Inc has received an investment banking licence from Saudi Arabia’s Capital Market Authority more than 10 years after exiting the kingdom. The CMA board authorised Citigroup Saudi Arabia “to conduct dealing as underwriter, arranging and advising in securities business activities,” according to statement posted on the regulator’s website. The firm lost its key banking licence when it sold its stake in Samba Financial Group in 2004. […]
ESPN on Wednesday went through with a long-awaited round of layoffs that will trim about 100 commentators from the sports network’s payroll as cord-cutters and digital media upstarts continue to disrupt the broadcaster’s business model. Among those laid off are on-camera personalities that have become familiar faces on the network’s coverage of hockey, football and baseball and writers for ESPN’s digital platforms. ESPN President John Skipper announced […]
ABU DHABI // Labourers working on high-rise buildings in the capital are putting their lives at risk by not using proper safety harnesses. During site visits, inspectors from Abu Dhabi Municipality found men working at height on unfinished floors, temporary platforms, on scaffolding or in cradles used for cleaning windows at towers under construction without safety equipment to prevent them from falling. According to the municipality, 52 […]
‘Dubai Expert’ announced a first-of-its-kind destination travel trade training programme that will be rolled out to travel agents from around the world 26 April 2017 Dubai, UAE – Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism), has announced the launch of “Dubai Expert”, an innovative online educational game that has been created exclusively for travel agents. The announcement was made to travel professionals attending this year’s […]
Modest dress is enjoying a renaissance. Fashion brands are increasingly embracing the long-held view shared by those in region that style does not have to equate to revealing a lot of flesh. Building on the foundations of sensuality over sexuality, and demure over décolletage, the West is finally catching up with the Middle East in terms of tasteful dressing. Women in the Middle East have long expressed […]
An estimated 2 million Android users have now fallen victim to malware mistakenly downloaded from Google Play, which was initially reported to have affected approximately 600,000 users. The malware, dubbed FalseGuide, was hidden in more than 40 guide apps for games, the oldest of which was uploaded to Google Play as early as November last year, security researchers from Check Point said. “Since April 24, when the […]
