|By TAP Staff|Saudi Arabia’s Al Khafra Holding Group has acquired a substantial equity position in Invescore Ltd, a financial advisory firm based in London. With the acquisition Sheikh Mubarak Al Khafrah becomes the new Chairman of Invescore. This transaction strategically increases Invescore investment banking and direct investment capabilities as well as strengthening its presence in the Kingdom of Saudi Arabia and the GCC region. The transaction was […]
A Tunisian police officer stood guard at the scene of a shooting attack in June at the Imperial Marhaba hotel in the Mediterranean resort of Sousse. By CARLOTTA GALL August 9, 2015 MONASTIR, Tunisia — A dozen police officers, one with an assault rifle across his knees, guard the presidential mausoleum in this sleepy seaside resort, easily outnumbering the foreign visitors on a recent morning. It was here, the […]
A demonstration on Sunday in Baghdad to show support for Prime Minister Haider al-Abadi after he proposed government reforms. By OMAR AL-JAWOSHY and TIM ARANGO August 9, 2015 BAGHDAD — Facing widespread protests against government corruption and poor services as well as a crucial call for change from the country’s top Shiite cleric, Prime Minister Haider al-Abadi on Sunday proposed to radically reshape the dysfunctional political system of Iraq that has […]
By WILLIAM J. BROAD August 8, 2015 Twenty-nine of the nation’s top scientists — including Nobel laureates, veteran makers of nuclear arms and former White House science advisers — wrote to President Obama on Saturday to praise the Iran deal, calling it innovative and stringent. The letter, from some of the world’s most knowledgeable experts in the fields of nuclear weapons and arms control, arrives as Mr. Obama is lobbying […]
A Palestinian man mourned next to the body of Ali Dawabsheh, an 18-month-old boy who died in a July 31 arson attack in the West Bank. The boy’s father, Saad Dawabsheh, 32, died on Saturday from wounds sustained in the attack. By RAMI NAZZAL and ISABEL KERSHNER August 8, 2015 DUMA, West Bank — The severely burned father of a Palestinian toddler who was killed in an arson attack died of […]
Terry Gou, founder and chairman of Taiwan’s Foxconn Technology, gestures during a news conference in New Delhi, India, August 4, 2015. Reuters/Anindito Mukherjee MUMBAI Taiwan’s Foxconn, the world’s largest contract electronics manufacturer and a key supplier to Apple Inc (AAPL.O), on Saturday signed a pact with Maharashtra to invest $5 billion over five years on a new electronics manufacturing facility. The announcement was made by Foxconn founder […]
People are silhouetted as they pose with mobile devices in front of a screen projected with a Samsung logo, in this picture illustration taken in Zenica October 29, 2014. Reuters/Dado Ruvic LAS VEGAS Google Inc (GOOGL.O) and Samsung Electronics Co (005930.KS) will release monthly security fixes for Android phones, a growing target for hackers, after the disclosure of a bug designed to attack the world’s most popular […]
India-based Rolta, a leading provider of innovative IT solutions, has been awarded smart city and 3D mapping with city modelling projects in the Middle East, for a combined value around $15 million. This recognises Rolta’s unique ability to combine its domain expertise with productised smart city solutions that fundamentally change how agencies and governments fulfil their missions. This is a natural evolution and extension of Rolta’s pioneering […]
Seagate, a world leader in storage solutions, has unveiled a new custom 2TB game drive for Xbox, in a strategic relationship with Microsoft. This new external drive is designed to complement the Xbox colour scheme and is set up for an easy plug-and-play connection with an Xbox One or Xbox 360 gaming console. “With all of the new and amazing titles expected for this holiday season […]
Government overreach is the primary culprit that keeps the Internet from being the free and open source of information and ideas that it could be, according to a leading computer crime defense attorney. Jennifer Granick, director of civil liberties at the Stanford Center for Internet and Society, addressed the subject of Internet freedom yesterday in her keynote address at the annual Black Hat computer security conference in […]
SAUDI ARABIA. JLL, the world’s leading real estate investment and advisory firm, today has released its second quarter (Q2 2015) Jeddah Real Estate Overview report that assess the latest trends in the office, residential, retail and hotel sectors. Mr Jamil Ghaznawi, National Director and Country Head of JLL KSA, commented: “In the second quarter, the Jeddah real estate market remained in the upturn stage of its cycle. […]
CAIRO — Egyptian militants affiliated with the Islamic State extremist group have threatened to kill a Croatian hostage within 48 hours unless the Egyptian government releases female prisoners, according to a video released Wednesday. It was the first time in a two-year-old campaign of violence against the government that the militants had kidnapped or threatened to execute a foreigner, raising new fears of more attacks. Many analysts […]
DUBAI // Innovation is the driver of progress, and governments and businesses that fail to innovate will go backwards, Sheikh Mohammed bin Rashid warned on Wednesday. The Vice President and Ruler of Dubai was launching National Innovation Week, which will take place from November 22 to 28. Sheikh Mohammed urged all public, private and academic entities to participate and called on the public to get involved through […]
CHAUMUHANI (Thomson Reuters Foundation) – A fisherman’s son and now a fisherman himself, Kulamani Tarai knows all too well that while the sea has provided sustenance to his family for generations, it can also be a cruel and deadly place. Every morning, when he leaves his mud-and-thatch home on India’s east coast to venture out on his wooden boat into the Bay of Bengal, he knows there […]
RAS LAFFAN, Qatar — The temperature hovered around 100 degrees on the jetty here, where a set of pipes were connected to a giant red-hulled ship. But the moisture in the air froze on the pipes and flaked off, creating snowlike flurries on the early summer evening. The incongruous sight is common on the Qatari ship, the Al Rekayyat, which carries a frigid fuel known as liquefied […]
ISTANBUL — Confronted with widespread protests two summers ago, Prime Minister Recep Tayyip Erdogan ordered a harsh police crackdown and tarnished the demonstrators as traitors and spies. Faced with a corruption inquiry focused on his inner circle, he responded by purging the police and judiciary. So when Mr. Erdogan, now president, suffered a stinging electoral defeat in June that left his party without a majority in Parliament […]
|By Matein Khalid| Every global recession since the OPEC oil shocks of 1973-74 was triggered by a contraction in the $17 trillion US economic colossus. The failure of Lehman Brothers, the meltdown in US subprime mortgages, the impotence of the implicit “Fed/Uncle Sam” put, the ice age in the commercial paper and interbank money markets all tipped the US economy into recession in late 2008 and triggered […]
JERUSALEM — He has the pedigree: Meir Ettinger is the grandson and namesake of Meir Kahane, the slain American-Israeli rabbi considered the father of far-right Jewish militancy. He has the record: For years, Mr. Ettinger has joined the radical group of Israeli settlers known as the hilltop youth in clashes with Palestinians and Israeli forces, leading to a ban on his entering Jerusalem or the occupied West […]
Terry Gou, founder and chairman of Taiwan’s Foxconn Technology, gestures during a news conference in New Delhi, India, August 4, 2015. Reuters/Anindito Mukherjee NEW DELHI/MUMBAI Foxconn, the trade name for Hon Hai Precision Industry Co Ltd, will invest in India as it builds a supply chain in the country, in a move that may help the country’s efforts to build a technology manufacturing base. Taiwan-based Foxconn is […]
AMMAN, Jordan — The young visitor from America rode his skateboard, jogged near his house or strolled to the market, barely acknowledging his neighbors. He was a regular at the mosque, but never bothered to introduce himself to fellow worshipers, appearing as indifferent to them as he seemed to his surroundings. “He made no effort,” said the mosque’s imam. After Mohammod Youssuf Abdulazeez, 24, was identified by […]
SAUDI ARABIA. JLL, the world’s leading real estate investment and advisory firm, today released its second quarter (Q2 2015) Riyadh Real Estate Market Overview that asses the latest trends in the office, residential, retail and hotel sectors in Saudi Arabia’s largest city. Mr Jamil Ghaznawi, National Director and Country Head of JLL KSA, commented: “there has been relatively little change in the real estate market in Riyadh […]
Creditors of Drydocks World, the Dubai government-owned company seeking to revise part of a $2.3 billion debt restructuring deal which it signed in 2012, have chosen Moelis & Co as their adviser, sources familiar with the matter said. The selection of the New York-based advisory company should open the way to Drydocks offering a proposal to creditors, a move expected to happen later this quarter, with a […]
The developer Meydan has announced the launch of a new scheme known as Meydan One featuring a 711m-high tower, a huge new mall, the world’s largest indoor ski slope, a 25,000 sq metres indoor sports facility, the biggest dancing fountains in the world, a beach and a civic plaza capable of hosting up to 60,000 people. It is also to contain a 100-berth marina. And, a retractable […]
DUBAI // The guiding ethos of the Dar Al Ber Society, one of the UAE’s oldest charitable organisations, was established many centuries before the first dirham was donated. “Our people have always liked to help others, including the relatives of the foreigners who have visited here,” executive director Abdullah Ali bin Zayed said. “The people who started Dar Al Ber knew there were people out there asking […]
