ABU DHABI // Bertrand Piccard, co-founder of the Solar Impulse project and one of the pilots of Solar Impulse 2, the world’s first totally solar-powered aircraft, is looking to his staunchest supporters for funds to continue his journey around the world. Mr Piccard returned to Switzerland looking for €20 million (Dh80m) to repair the damage caused to Solar Impulse 2 as it flew to Hawaii. As the […]
The yield on bonds of Abu Dhabi has decreased four basis points since 22 July, the day the UAE announced the move to remove fuel subsidies, Bloomberg reported. While the average yield on developing-country debt has increased 13 basis points since the 22 July announcement of fuel-price deregulation, the yield on bonds of Abu Dhabi has declined four basis points. The yield on bonds of the neighboring […]
JERUSALEM — Israeli legislators voted Thursday to allow the force-feeding of hunger-striking prisoners in extreme cases, a move that appeared to be aimed at preventing Palestinian inmates from using fasts to win their release, particularly from indefinite incarceration. Rights groups condemned the move, and the Israeli Medical Association called it “torture” and vowed to appeal the legislation. In recent years, hundreds of Palestinians have conducted collective and […]
JERUSALEM — An ultra-Orthodox Jewish man who had recently been released from prison after serving 10 years for stabbing participants in the annual Gay Pride Parade here in 2005 struck again on Thursday, stabbing and wounding six marchers in this year’s parade, according to the police. Two of the victims were in serious condition, according to the emergency services. The assailant, Yishai Schlissel, was pinned to the […]
For centuries, Yemen and the people of the UAE have enjoyed a prosperous and enduring relationship. Historically, Yemen stood as a leading civilisation in the Arab world. During the British occupation of the country that began in 1839, Emirati traders would frequent the coastal city of Aden to trade in goods and services with their neighbours. With the rise of the Gulf states and eventual decline of […]
Western Union….aiding Greece during financial crisis Western Union activates money transfer into Greece ATHENS, 1 days ago The Western Union Company, a leading global payment services, has activated international remittances into Greece, allowing customers to receive cash payouts in minutes from almost anywhere around the world at select walk-in retail agent locations. International and domestic Western Union Money Transfer transactions are available for payout at up to […]
Trend Micro unveils Windows 10-compatible solution MANAMA, 1 days ago Trend Micro, a leader in security software, has unveiled its Trend Micro Security 10, a security and privacy solution fully compatible with Microsoft Windows 10, which is to be launched later this week. The new version’s security features are simple-to-use, yet provide state-of-the-art protection for consumers’ data, delivered with optimal performance, said a statement. It will allow […]
Sophos launches cloud-based secure web gateway DUBAI, 1 days ago Sophos, a leading security solutions provider, has launched the Sophos Cloud Web Gateway, a cloud-based secure web gateway that delivers advanced protection for users, devices and data across multiple operating systems, regardless of their location. The addition of secure web gateway to Sophos Cloud integrates technology from Mojave Networks, which Sophos acquired in October last year, said […]
OnePlus 2 launched; big features at $329 NEW DELHI, 1 days ago OnePlus, the start-up Chinese smartphone maker, has launched its new flagship device OnePlus 2. The OnePlus 2 will initially go on sale in India, China, the US, Canada, and select EU countries on August 11. Southeast Asia will get the smartphone in Q4 2015. The phone will cost $329 for an unlocked 16-GB version and […]
Hogan…focused on creating new experiences Consumer choice, innovation ‘key drivers of aviation sector’ ORLANDO, 1 days ago Consumer choice and innovation are the fundamental drivers of competition in the international airline industry, said Etihad Airways president and CEO James Hogan at the 2015 Global Business Travel Association (GBTA) Convention in Orlando, Florida (US). In a discussion, which focused on emerging opportunities and challenges in the global aviation industry, […]
|By Matein Khalid|So Pearson PLC has sold the FT Group (with its flagship Financial Times newspaper) to Japan’s Nikkei Inc for $1.32 billion. Pearson will use the cash proceeds to increase its investment in education publishing businesses in the US and Canada, now 75% of revenues. This deal is a milestone in the history of newspaper publishing and my own life as an investor/financial journalist. I discovered […]
|By TAP Staff| Some 5,200 rooms are expected to be added to the Abu Dhabi hotel sector by 2017. Of this, 2,300 rooms are set to enter the market by the end of 2015 alone, according to a report by JLL. The Abu Dhabi Tourism and Culture Authority (ADTCA) also report a 20% increase in hotel guests in the first quarter of 2015 compared to Q1 figures […]
Gold stocks dropped, erasing most of yesterday’s gains, on concern Chinese buyers are losing their appetite for the metal. Gold Fields Ltd., which owns mines in South Africa and Australia, sank 6.7 percent as of 2:34 p.m. in Johannesburg. Sibanye Gold Ltd. and AngloGold Ashanti Ltd. tumbled more than 6 percent. The FTSE/JSE Africa Gold Mining Index fell 5.5 percent and is trading near the lowest since […]
INTERNATIONAL. The undisputed king of oil and gas is making some moves that could change the face of the global refining sector. In June 2015, Saudi Arabia pumped a record 10.564 million barrels a day, a record level. As if being the world’s biggest exporter of oil was not enough, the desert kingdom is now looking to conquer the refining sector as it has quickly become the […]
UAE. A recent qualitative report sponsored by Citi and conducted by Nielsen, a leading global provider of information and insights into what consumers watch and buy, studied the personality of HNWI in the UAE. The results of the research revealed the different needs that they believe are impacting their disposition towards wealth management and analyzed their attitudes towards investments. The participants were represented by a small group […]
UAE. To preserve economic and social stability and continue with development plans, MENA governments are considering tax measures to broaden their revenue base and increase tax yields. The evolving tax landscape in the MENA region was discussed at the EY MENA Tax Conference held recently in London. The conference was attended by EY Tax specialists and senior finance and tax executives from major European companies with investments […]
WASHINGTON — Jonathan J. Pollard, who was sentenced to life in prison in 1985 for passing classified documents to the Israeli government, will be released on parole in November after 30 years in prison, a government panel decided on Tuesday. Mr. Pollard’s lawyers announced the decision of the United States Parole Commission on Tuesday afternoon, and officials at the Department of Justice confirmed that Mr. Pollard had […]
TEHRAN — For Jason Rezaian, the Washington Post reporter now on trial for espionage in Iran, the incident was extraordinary but still looked like another example of the difficulties in covering the country’s politics. On a spring day in March 2014, his wife and a female photographer were stopped in broad daylight in their car on a busy Tehran highway and taken into a van, where, friends […]
BRUSSELS — Turkey turned to its allies in NATO on Tuesday for political backing, after it agreed to step up efforts against the Islamic State but also renewed its conflict with Kurdish militants. “All allies expressed their strong support for Turkey, and we stand all together, united in solidarity with Turkey,” Jens Stoltenberg, the NATO secretary general, told reporters at the alliance’s headquarters in Brussels after a […]
Mena lagging in adopting cyber security policies BEIRUT, 1 days ago Despite the current global focus on cyber security issues including hacking, data losses, breaches and other information leaks, organizations in the Mena region still do not have formal cyber security initiatives in place, a report said. In keeping with international trends, managing Compliance Risk remains a high priority for organizations across Mena region, explained the Middle […]
Beirut Journal A restaurant worker took two bags of trash to add to a giant pile of garbage left uncollected for a week outside a bar named Floyd the Dog in Beirut. By BEN HUBBARD July 27, 2015 BEIRUT, Lebanon — On a normal weekend night, the revelers at Floyd the Dog, a bar in one of this city’s rowdiest party neighborhoods, spill onto the sidewalk, drinks in hand, […]
The Incirlik Air Base in southern Turkey on Monday. Turkey and the United States agreed on a plan that would create what officials are calling an Islamic State-free zone, which the Turks say could also be a “safe zone” for displaced Syrians. By ANNE BARNARD, MICHAEL R. GORDON and ERIC SCHMITT July 27, 2015 BAGHDAD — Turkey and the United States have agreed in general terms on a plan that envisions American warplanes, […]
ABU DHABI // Newly-published statistics from Statistics Centre – Abu Dhabi (Scad) show that the population of the emirate is 133 times what it was in 1960. From that year until 2014, the population grew at an average rate of 9.5 per cent, which is one of the highest rates of growth in the world, state news agency Wam reported. During that time, the total population of […]
JERUSALEM — Masked Palestinian youths clashed with Israeli police in Jerusalem’s Al Aqsa Mosque compound on Sunday, as Jews marked an annual day of mourning commemorating the destruction of two ancient temples believed to have once stood at the holy site. The Palestinians, equipped with stones, wooden planks, flares and firebombs, had barricaded themselves inside the mosque overnight, the police said in a statement. They said the […]
