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17 November 2016 Ashurst has advised Saudi Arabian client Delta Marketing Company on the agreement to dispose of its bottled water division, to Abu Dhabi-based Agthia Group. Corporate counsel Chris Young led the transaction for Delta, with Saudi law advice provided by Jeddah-based partner Dr. Faisal Baassiri. Dr. Faisal Baassiri said: ‘We are delighted to have supported our long-time and valued client Delta Marketing on this transaction. […]

The man organising Qatar’s World Cup in 2022 has said that the gas-rich country could buy an English Premier League club in the future. “‘I can see it happening down the road,” Hassan Al Thawadi said, in comments reported by the UK’s Daily Mail newspaper. “It’s likely. There’s such a passion for football and the Premier League in particular. Everyone on the street has an opinion.” Qatar, […]

By Lucia Mutikani | WASHINGTON WASHINGTON U.S. consumer prices recorded their biggest increase in six months in October on rising gasoline costs and rents, suggesting a pickup in inflation that potentially clears the way for the Federal Reserve to raise interest rates in December. Prospects for a rate hike next month also got a boost from other data on Thursday showing first-time applications for unemployment benefits tumbling […]

Saudi Arabia’s Public Investment Fund (PIF), its main sovereign wealth fund, said on Thursday it had filled key posts as part of plans to expand investment capacity and help reduce the kingdom’s dependence on oil income. Under economic reform plans announced early this year, the government has said it aims eventually to expand the PIF, founded in 1971 to finance development projects in the country, from $160 […]

Photo An Israeli settlement surrounded by a defensive wall near the West Bank city of Ramallah. Credit Thomas Coex/Agence France-Presse — Getty Images Right-wing Israeli politicians see Donald Trump’s election as helpful toward their goal of burying the prospect of a Palestinian state. On Wednesday, Israeli lawmakers gave preliminary approval to a bill that would retroactively legalize settlements built on private Palestinian land in the West Bank. […]

DUBAI // It may be a benefit ­reserved for the most well heeled, but the new Emirates Skywheels service, transporting luxury cars from Dubai, is sure to turn a few heads on runways around the world. There is nothing worse than having to settle for the standard rental car option when your pride-and-joy supercar is going to waste parked in the garage at home. But that could […]

After winning the Best Actress award for lead star Jacyln Jose at this year’s Cannes Film Festival, Ma’ Rosa has been chosen as the Philippines’s entry to the Best Foreign Language Film category of the 89th Academy Awards, scheduled to be held on February 26, 2017. Can director Brillante Mendoza’s gritty urban drama give the Philippines its first ever Oscar nomination and award? Two industry websites think […]

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Cambridge, November 17, 2016  The 2nd Islamic Retail Banking Awards (IRBA) ceremony is scheduled to be held in Dubai on November 28, 2016. Organised by Cambridge IF Analytica, a UK-based financial think tank, IRBA was first launched in 2015 to recognise, reward, and honour the achievements of leading Islamic retail banks and individuals across the globe. This year’s Awards Ceremony will be attended by CEOs of Islamic […]

LONDON Battered bonds and emerging market currencies enjoyed some respite on Thursday as the dollar took a breather from a post-U.S. election charge that has taken it to a 13-1/2 year high. Wall Street looked set for a quiet start and Europe’s main stock markets <0#.INDEXE> were shuffling sideways as the dip in global bond yields cooled bank stocks, which have been rising on better lending profits. […]

“When the economic crisis hits the elite, it means the suffering is all over the place,” said Malak Rostom, the vice president of the student union. “If we can’t afford it, we can tell how much other people are suffering.” Continue reading the main story Some Egyptians may sneer at the problems of the children of middle- and upper-class families, worried about tuition increases that dwarf the […]

The welcome Several door staff are manning the slick hotel entrance as I drive up, and several more smartly dressed staff are stationed in the marble-and-glass lobby, which is dressed in fresh flowers and local artwork. A couple of the staff recognise me from a previous visit. The reception area to the right is also well-manned. I’m offered a cold towel and a tasty mango, mint, lemon […]

BANGKOK Thailand’s Charoen Pokphand Foods Pcl (CPF) (CPF.BK) said it will acquire U.S. frozen-food producer Bellisio Parent LLC for $1.075 billion, paving the way for an entry into the world’s largest food market. The acquisition is in line with CPF’s strategy to expand into high-potential markets, CEO Adirek Sripratak said in a statement. CPF, controlled by Thailand’s richest man Dhanin Chearavanont, signed a purchase agreement on Thursday […]

The British Virgin Islands has hit law firm Mossack Fonseca with the biggest fine in the territory’s history following an investigation into Panama Papers revelations. The Financial Services Commission (FSC) imposed the $440,000 administrative penalty against Mossack Fonseca’s BVI operation on Friday, citing eight breaches of BVI’s Anti-Money Laundering and Terrorist Financing codes and its Regulatory Code including failures in risk assessment, due diligence and identification procedures […]

Warning: Full spoilers for the episode below. These past couple episodes of South Park have served as a major showcase for just how adaptable Trey Parker and Matt Stone can be. Last week, “Oh, Jeez” had to be reworked at the very last minute to reflect Donald Trump’s unexpected election victory. And as continuity-driven as this season has been from the start, that shake-up is still having […]

In September 1982, I was a wide-eyed, curious, and enthusiastic first-year undergraduate at a British university. I was excited at the prospect of getting involved in student life, and spent the first week joining societies and clubs that appealed to my interests. I joined the Overseas Students Association, the Arab Society, the Soul and Jazz Funk Society and the Indian Society (they make the best food and […]

BEIRUT, Lebanon — Eight hospitals bombed in the past week, five of them within the last 48 hours. Food stores running out of supplies. Scores of people killed in a single day. By Wednesday night, it was clear that the escalation feared for weeks in rebel-held parts of northern Syria was underway, as Russian and Syrian government warplanes carried out a second straight day of intense bombardment. […]

The government will unveil plans on Thursday to cut dramatically the amount that car crash victims can claim for whiplash injuries. A consultation from the Ministry of Justice will say that Britain is in the grip of an “epidemic of whiplash claims” which is driving up the cost of car insurance. It says whiplash claims are 50 per cent higher than they were a decade ago, despite […]

Since last week’s US elections, emerging market assets have been spooked by the possibility of higher US interest rates and greater trade protectionism. That this should result in sudden and broad-based losses for holders of all types of EM investments — including equities, local debt, external bonds and currencies — should not come as a great surprise. What is unusual, however, is for such large losses to […]

Steve Carell is in talks to star in the upcoming Warner Bros. Minecraft movie. It’s unknown what role the actor will play, and according to Variety, Warner Bros. has no comment on the casting at this time. The movie is still a long ways off. In June, Mojang announced the Minecraft movie release date isn’t until May 24, 2019. Of course, Minecraft is a familiar property to […]

Many health conditions, in both men and women, could be prevented simply by making lifestyle changes such as exercise and a healthy diet, but men are often more reluctant to ignore the signs or seek treatment. Benign prostatic hyperplasia Dr Stefan Schumacher, consultant urologist at Healthpoint hospital in Abu Dhabi, says: “One of the common cases we encounter at Healthpoint is benign prostatic hyperplasia [BPH] or an […]

CAIRO — An Egyptian criminal court sentenced a police officer to life in prison on Wednesday for fatally shooting a man who refused to give him a free cup of tea. It was an unusual move by a court in a country where the police are generally allowed to act with impunity, human rights activists said. The shooting in April, in which the tea vendor was killed […]

Pluto’s iconic icy heart is likely harboring a slushy ocean with layers of frozen nitrogen and water ice, which best explains the features revealed after the New Horizons spacecraft flyby, a new study suggests. What’s more, the dwarf planet may have once been walloped by a large comet that left a “giant scar” on its surface, which has since then been filled with heavy nitrogen ice, scientists […]

In June this year, a video titled The DNA Journey went viral. In it, 67 people from all over the world took a closer look at their ancestry. After a quick spit into a jar, their DNA was sent away and the participants were asked to return two weeks later. Many of the results were, to say the least, surprising. Those who expressed a strong sense of […]

Photo The remains of Staff Sgt. James F. Moriarty were carried by an Army team at Dover Air Force Base in Delaware last week. Credit Steve Ruark/Associated Press JERUSALEM — American officials said on Wednesday that they were investigating the killing of three United States soldiers at a Jordanian air base this month as a possible terrorist attack and dismissed suggestions that the three had done anything […]

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