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UAE.  A new generation of young, highly motivated and mostly well-educated men and women is ready to take over leadership of their family businesses, according to Deloitte’s latest report conducted across the Europe, Middle East and Africa region entitled “Next-generation family businesses Evolution, keeping family values alive.” They are resolute and ready to face the challenges ahead in order to maintain the family character of the business […]

UAE.  Boardrooms’ awareness of cyber risks has been recently growing in Europe, Middle East and Africa, with cyber security ranking far up on the agendas of non-executive directors in the region, according to Deloitte’s recent report entitled “EMEA 360 Boardroom Survey: Agenda priorities across the region.” The report reveals that innovation is also gaining ground with 60% of respondents ranking it as a very important issue. These […]

ABU DHABI // Abu Dhabi and Dubai remain among the most expensive cities in the Middle East and the world, a global cost-of-living survey has revealed. This year, Dubai ranked the 21st most expensive city in the world, up from 23 last year, while the capital came in number 25, up from 33 last year. Hong Kong is the world’s most expensive city for expats, while the […]

Security experts regularly urge people to make their online accounts safer with two-factor authentication. Now Google has introduced new settings designed to make that easier for Google Apps administrators and users. By changing their Google sign-in and security settings, users can now opt for an alternative to the six-digit codes Google usually sends out to enable identity verification via mobile devices. Instead, Google Apps users can choose […]

Rare Quran manuscripts, paintings and number plates auctioned to raise funds for Reading Nation campaign A priceless collection of historic manuscripts and artifacts is being auctioned at Madinat Jumeirah, Dubai to raise funds for the ongoing Reading Nation Ramadan campaign. Here’s our coverage of the event as it happened. (Inputs from Mary Achkhanian, Staff reporter) Campaign collects Dh40 million The charity auction held for Reading Nation campaign launched by […]

BAGHDAD — Long before Falluja was known the world over for deadly jihadists, it was known all over Iraq for its kebab — fatty lamb, ground and mixed with onion, grilled on a skewer over an open fire and served with a pinch of sumac — at a joint called Haji Hussein. Everyone, it seemed, ate at Haji Hussein: locals, soldiers, tourists and businessmen traveling the Baghdad-to-Amman […]

A screen displays the Instagram logo during a presentation in New York December 12, 2013. Reuters/Lucas Jackson SAN FRANCISCO Instagram now boasts more than 500 million users, more than 80 percent of whom are outside the United States, the company said on Tuesday, in a sign of the photo-sharing app’s rapidly growing global reach. The company owned by Facebook Inc (FB.O) had 400 million users last September. […]

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TEHRAN — In comments suggesting that Iran was prepared to support an armed uprising in Bahrain, a senior Iranian commander has threatened the Sunni-led state of Bahrain for revoking the citizenship of a leading Shiite opposition cleric. In a statement on Monday, the commander, Gen. Qassem Soleimani, the high-profile leader of the elite Quds Force of the Islamic Revolutionary Guards Corps, denounced the “mistreatment” of the cleric […]

By THOMAS ERDBRINK June 21, 2016 TEHRAN — Threats issued on Monday by a senior Iranian commander to the Sunni-led island state of Bahrain seemed to indicate that Iran was prepared to support an armed uprising there, after the Bahraini authorities revoked the citizenship of a leading Shiite opposition cleric. In a statement, the commander, Gen. Qassem Soleimani, the high-profile leader of the elite Quds Force of the Islamic […]

SoftBank Group Corp. President and COO Nikesh Arora attends a conference of start-up businesses in New Delhi, India, January 16, 2016. Reuters/Adnan Abidi/Files TOKYO SoftBank Group Corp said on Tuesday that President Nikesh Arora would resign as of Wednesday’s shareholders meeting, less than two years since he joined the Japanese Internet conglomerate. SoftBank said Arora and Chairman and Chief Executive Masayoshi Son had disagreed over when Arora […]

By ISABEL KERSHNER and IRIT PAZNER GARSHOWITZ June 21, 2016 JERUSALEM — Israeli forces opened fire at a Palestinian car in the occupied West Bank early Tuesday, killing one Palestinian teenager and wounding four others, according to relatives and Palestinian officials. The teenagers appeared to be innocent bystanders who were hit while the military tried to halt Palestinians who were throwing stones and firebombs. The military said its soldiers had been pursuing […]

Protesters from the Anonymous India group of hackers wear Guy Fawkes masks as they protest against laws they say gives the government control over censorship of internet usage in Mumbai, June 9, 2012. Reuters/Vivek Prakash SAN FRANCISCO/ TORONTO At least a dozen countries are considering or have enacted laws restricting online speech, a trend that is alarming policymakers and others who see the internet as a valuable […]

By RANA F. SWEIS June 21, 2016 AMMAN, Jordan — Four Jordanian soldiers, a police officer and a civil defense officer were killed on Tuesday after a car bomb exploded on the Jordanian border with Syria, according to a statement by the Jordanian Armed Forces. The attack took place around 5:30 a.m. on the sand berm across from a camp for Syrian refugees in Rukban with more than 55,000 people […]

In a small study looking at pain assessments in adults with sickle cell disease, researchers at Johns Hopkins says overall, those treated long-term with opioids often fared worse in measures of pain, fatigue and curtailed daily activities than those not on long-term opioids. In a report on the new research, published online on June 15 in a special sickle cell disease supplement of the American Journal of […]

|By Matein Khalid| Sterling sell off in the world currency markets and the sheer populist appeal of Boris Johnson suggests the world should not rule out a geopolitical shock that will unnerve financial markets and lead to the mother of all rate cuts at the Bank of England. If Britain votes to leave the EU, the only currency I want to own is the Swiss franc and gold, […]

After relishing a cocktail of cheap crude mixed with profits from fuel sales, Asia’s oil processors are facing their reckoning over a lack of restraint. Profits from turning crude into fuel in Asia since the beginning of April have averaged almost a third lower than levels over the previous six months, and are down 40 percent from the same period a year earlier. That’s already prompted some […]

AMMAN, Jordan — Jordan’s national census takers made something of a stark discovery earlier this year when they found that nearly a third of the country’s 9.5 million residents are not, technically speaking, Jordanians. For decades, the country has absorbed successive waves of people fleeing war and chaos. Lately it has been the Syrians, but before them came Iraqis, Sudanese and Palestinians, not to mention those from […]

Iran has reached an agreement with the Boeing Company for the acquisition of new passenger planes to help modernize its outdated fleet, state-run Iranian news media reported on Tuesday. Such an agreement, if completed, would potentially be worth many billions of dollars to Boeing and amount to the most prominent commercial transaction between an American company and Iran since sanctions linked to Iran’s nuclear program were lifted […]

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, […]

Light and matter are typically viewed as distinct entities that follow their own, unique rules. Matter has mass and typically exhibits interactions with other matter, while light is massless and does not interact with itself. Yet, wave-particle duality tells us that matter and light both act sometimes like particles, and sometimes like waves. Harnessing the shared wave nature of light and matter, researchers at the University of […]

A 22-year-old Dutch woman detained for three months in Qatar on suspicion of adultery after she reported being drugged and raped was given a one-year suspended sentence on Monday and will be allowed to return home, the Dutch Foreign Ministry said. The woman, identified only as Laura and described as being from the Dutch city of Utrecht, was held and prosecuted on charges of adultery and alcohol […]

BEIRUT, Lebanon — Relief trucks delivered food aid for the first time in four years to Daraya, the rebel-held Syrian town just outside of Damascus that has come to symbolize civilian suffering in the war, the United Nations said Friday. But even as the relief convoy’s success was announced by the World Food Program, the United Nations anti-hunger agency, residents of Daraya were reporting that Syrian military […]

DUBAI // The Awqaf and ­Minors Affairs Foundation (Amaf) has given a cheque for Dh741,000 to the SOS Children’s Village in Jordan to finance the maintenance and restoration costs of its building. SOS Children’s Village ­International provides family-based care through support and empowerment schemes for orphans or children who have lost one parent. Ahmed Baghlaf provided the Dh741,000 cheque, said Tayeb Al Rais, secretary general of Amaf, […]

At its Tech World event in San Francisco yesterday, Lenovo unveiled a prototype of a phone that can bend around your wrist, as well as a concept tablet that can fold to act as a regular smartphone. The devices, not yet ready for market but rather “a sign of things to come,” add Lenovo to the small but growing list of companies, led by LG and Samsung, […]

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