Kabir Mulchandani is a hands-on developer. While he may not be laying bricks, the SKAI Holdings CEO forwent his air-conditioned office in Downtown Dubai for an often stinking hot construction site on the Palm Jumeirah for the two years that it took for his flagship $1.2 billion hotel to be built. It was only in November that he finally walked offsite when the Viceroy Dubai Palm Jumeirah […]
Departing U.S. President Barack Obama called Indian Prime Minister Narendra Modi to say goodbye in his last days at the White House, after the pair struck up a high-profile diplomatic friendship that saw them visit each other’s countries for meetings, tea and hugs. A news release from the White House Thursday said that Mr. Obama thanked Mr. Modi for his partnership. The pair also reviewed their joints […]
Bernie Dunn may have retired from the US Army but he remains on a mission in the Middle East. The Boeing regional president hit a bullseye on December 11 when his team secured an $8 billion deal with Iran Air in the airline’s first plane contract since 1979. The world’s largest aerospace manufacturer beat out its French rival, Airbus, by 11 days. Though Airbus then secured 20 […]
DUBAI/BEIRUT: Iran’s government and entities close to the elite Revolutionary Guards have signed major economic contracts with Syria, reaping what appear to be lucrative rewards for helping President Bashar Assad regain control of parts of his country from rebels.An opposition group condemned the telecommunications and mining deals signed with Iran, Damascus’s main regional ally, as “looting” of the Syrian people and the country’s wealth by the “Iranian […]
19 January 2017 Leading global publisher The Business Year (TBY) recently met with HE Essam Abdul Mohsen Al-Marzouq, the newly appointed Minister of Oil and the Minister of Electricity and Water of Kuwait. The Minister spoke extensively about privatization plans in the electricity sector and elaborated on his intentions to move the Ministry of Electricity and Water away from being a producer in order to become more […]
This love is precisely what is required of an American president in dealings affecting Israel. In such circumstances, and contrary to the adage that applies in most ordinary circumstances of life, that law says that demonstrations of love count for less, paradoxically, than love itself. It says, to be precise, that gestures of friendship, when they do not come from the bottom of the heart and are […]
Sir Paul McCartney has sued Sony’s publishing arm as he looks to reclaim US rights to songs he co-wrote with John Lennon in the 1960s and 70s. Sony owns the publishing rights, last year buying out the Michael Jackson estate’s 50 per cent stake in Sony/ATV, the music publishing group, for $750m. The Lennon-McCartney catalogue represents one of Sony/ATV’s crown jewels, spanning the bulk of Beatles’ songs written […]
As smartphones and data plans became more affordable in India, the South Asian nation swept aside the U.S. and Brazil to become the world’s top consumer of Google Play applications last year. In terms of the number of times people in India downloaded apps from the store, which is part of Alphabet Inc.’s Google, India outpaced both the U.S. and Brazil who were above it the year before, […]
Submitted by David Battistella A Violent Inauguration? A Call For Peace On Inauguration Day Now that all attempts to delegitimize President Elect Trump to this point including failed recounts, the constant drum beating about popular vote victory, intimidation, bullying and desperate pleas to the Electoral college and the attempt at cold War 2.0 have failed, will inauguration day be the last stand? Now even millionaire Catholic socialist […]
A much delayed surveillance system to monitor trading in the world’s largest equity market took a big leap forward on Tuesday with the selection of the group to build and operate the project. Founded in 2009, Thesys Technologies, a trading technology provider, beat out the Financial Industry Regulatory Authority and SunGard Data Systems. Called the “Hubble telescope” by one regulator, the so-called Consolidated Audit Trail, or CAT, […]
Donald Trump has threatened to overturn two decades of US economic policy by questioning the strong value of the dollar, raising fears that his presidency could set off a new round of currency wars between the world’s major economies. On Monday the president-elect appeared to break from the longstanding “strong dollar” policy of successive administrations, declaring that the currency was too high and that this was preventing […]
HH Sheikh Mansour Bin Zayed: “The UAE is playing an active role in driving research in science and technology to identify solutions to tackle global water security challenges. This comes in support of the ambitious innovation and energy strategies of our country” Abu Dhabi-UAE: 17 January, 2017 Under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs […]
Masdar, Abu Dhabi’s renewable energy company, has acquired a stake in Hywind Scotland, a 30-megawatt (MW) floating offshore pilot wind farm in the North Sea, it was announced on Tuesday. Through the transaction, Statoil and Masdar have agreed to share the development risk and Masdar will cover 25 percent of previous and future costs. Due to start commercial operation in late 2017, Hywind Scotland is the world’s […]
The richest 1% of Indians hold 58% of the country’s total wealth, according to Oxfam India. The stark inequality in India is worse than the global data put out by the organization, which show that the richest 1% have more than 50% of the total world wealth, Oxfam said. The anti-poverty advocacy group released a report, “An Economy for the 99%” this week to coincide with the […]
Your daily guide to community and cultural activities across the Emirates for January 17, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Performances Swiss performers take to the stage for Swiss Days 2017 over two days in Abu Dhabi and Dubai. On the first night, Inmotion (pictured) will present mind-boggling yo-yo tricks, throws and […]
Dubai, United Arab Emirates –January 16, 2017(ME NewsWire) Grundfos, the award-winning world leader in advanced pump solutions, is partaking along with a number of renowned Danish companies, in the World Future Energy Summit (WFES) to be held during 16–19 January 2017, in Abu Dhabi National Exhibition Centre, UAE. Some of the companies participating in WFES, including Grundfos, are part of the Act NOW initiative (www.actnow.dk), a partnership […]
OPEC probably won’t need to extend a deal it reached with other crude producers to cut output, given compliance with the reductions and the outlook for an increase in global demand, Saudi Energy Minister Khalid Al-Falih said. The re-balancing of the oil market should take place by the end of the first half of the year, Al-Falih told reporters during an energy event in the United Arab […]
Canceling nearly 90% of cash in circulation cost India the mantle of world’s fastest-growing large economy in 2016, the International Monetary Fund said, though it categorized the slowdown as temporary. India’s growth slowed to 6.6% last year from 7.6% in 2015, according to the fund’s latest World Economic Outlook, which estimates that China’s economy grew by 6.7% in 2016. The fund expects India’s expansion to bounce back […]
ABU DHABI // The country is working on a system to monitor and record its greenhouse gas emissions, says the new director general of the Global Green Growth Institute. Frank Rijsberman, who was on a two-day visit to the UAE for the World Future Energy Summit, said that although there was room for improvement, the UAE had become a leader in the renewable energy sector. “We’ve been […]
Celebrity photographer Anthony Horth is using his most persuasive Australian charm and flattery to keep Paula, a Brazilian model, relaxed and smiling during their first shoot together. Paula looks a picture of elegance as she sits on a “wedding throne” at Emirates Palace, surrounded by white tulips and draped in more than US$4 million (Dh14.6m) of diamonds. But it is not the jewels that former Vogue photographer […]
16 January 2017 Oman Insurance Company (OIC), one of the UAE’s leading insurers, has become the first insurer in the Middle East to establish a corporate alliance with the Association of Certified Fraud Examiners (ACFE). The ACFE is recognized as the world’s largest and premier anti-fraud organization and has partnerships with numerous Fortune Global 500 organizations. Its role is to support the implementation of anti-fraud best practices […]
Your daily guide to community and cultural activities across the Emirates for January 16, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Nationwide New movie In Into the Forest, sisters Nell and Eva (Ellen Page (pictured) and Evan Rachel Wood) find themselves in a battle to survive on their own at their isolated home in the […]
Dubai, UAE – January 16, 2017 Under the patronage of H.H. Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance and President of Dubai Health Authority, the 7th Emirates Otorhinolaryngology Audiology and Communication Disorders Congress (EROC) will begin on 18th January with 2,000 delegates participating from around the globe. Otolaryngology is the branch of medicine that deals with diagnosis, treatment and prevention […]
In line with H.H. Sheikh Khalifa’s move declaring 2017 as ‘Year of Giving’ 15 January 2017 As part of its contributions to help improve human capital skills in the country in accordance with UAE Vision 2021, Imdaad, the GCC’s leading integrated facilities management (FM) company based in Dubai, has expressed its optimism for the year 2017 and has forged a strategic partnership with Al nokhba Model School […]
