Tonight we here in the US of A bid a fond farewell to Top Gear when the last show featuring the trio of Jeremy “The Orangutan” Clarkson, Richard “The Hamster” Hammond, and James “Captain Slow” May airs on BBC America. I’m sure I don’t need to go into the details about how their run on the show came to an end, but there was some doubt whether […]
Iranian stocks climbed to the highest level in three months as diplomats from the Persian Gulf country and six negotiating powers moved closer to reaching a nuclear accord. The Tehran Stock Exchange’s benchmark index advanced 1.2 percent on Sunday to 67,646.4, the highest level since April 15, as officials sought to clinch a deal that would help lift sanctions crippling Iran’s economy. Bank Saderat Iran was the […]
Secretary of State John Kerry in Vienna on Sunday. By MICHAEL R. GORDON and DAVID E. SANGER July 12, 2015 VIENNA — Negotiators from Iran and six world powers are getting closer to a landmark agreement that would limit Tehran’s nuclear ability for more than a decade in return for sanctions relief, diplomats said on Sunday. Although the talks adjourned for the day with no agreement, negotiators said they would renew their efforts […]
Rulers and ministers from the UAE have attended the funeral of Prince Saud Al Faisal, who served as foreign minister of Saudi Arabia for four decades. Prince Saud’s body arrived on Saturday morning at King Abdulaziz International Airport in Jeddah from the US, where he died on Thursday aged 75. His body was taken to Al Adel Cemetery in Mecca. A delegation including Sheikh Hamdan bin Zayed, […]
|By TAP Staff| Dubai’s bilateral trade with was valued at AED 47 billion in the first quarter of 2015, it was revealed. For the whole of last year, Dubai-China trade was worth a record AED 175 billion. The statistics were revealed at a meeting between Director of Dubai Customs Ahmed Mahboob Musabih and Consul General of the People’s Republic of China in Dubai, Li Lingbing. The two […]
VIENNA — Secretary of State John Kerry said on Saturday that there were still “difficult issues to resolve” before a landmark nuclear accord with Iran could be completed. Mr. Kerry, who is in his 15th day of talks here, posted that message on Twitter after a meeting with Mohammad Javad Zarif, Iran’s foreign minister, and Federica Mogherini, the European Union’s foreign policy chief. Iran’s insistence on the […]
|By Matein Khald| During the 2008 post-Lehman financial meltdown, home prices in Dubai fell by 60-70 per cent and a generation of offplan flippers and leveraged investors/buyers (a mortgage, by definition, is a highly leveraged and speculative financial product. There is a reason the word “mortgage” derives from the French “mort” or death!) were wiped out. However, the Arab Spring, global liquidity and the successful debt restructuring […]
Ellen Pao speaks to the media after losing her high profile gender discrimination lawsuit against venture capital firm Kleiner, Perkins, Caufield and Byers in San Francisco, California March 27, 2015. Reuters/Beck Diefenbach SAN FRANCISCO Ellen Pao resigned as acting chief executive of Reddit Friday in the latest sign of turmoil at the site, recently roiled by the firing of a popular employee and ongoing tensions over the […]
Electronics giant Samsung is bleeding on the smartphone side, with seven straight quarters of decline. The company hopes to correct that in the quarter ahead by beating Apple to the punch. Samsung is set to roll out its next Galaxy Note phablet device in mid-August. That breaks the company’s release cycle, which usually sees new Note devices hit the market in September. The electronics giant needed to […]
Developed over 5 years with a championship Formula One race team, the TL3 racing simulator is the world’s most advanced race-driving simulator. The cockpit is built to deliver a life-like race car feel with options for driving a Formula 1 car, sedan or GT. Its 200º spherical display features a dramatic 6-million pixel seamless image. This entry passed through the Full-Text RSS service – if this is […]
TEHRAN — As nuclear negotiations in Vienna grind on through deadline after deadline, Iranian officials have begun a public campaign to blame the United States in the event that the talks fail. Iran’s public diplomacy has long been geared toward selling a possible deal to hard-liners at home. But as an interim agreement between Iran and the West was extended on Friday to give negotiators more time, […]
VIENNA — An interim nuclear agreement between Iran and six major world powers has been extended through Monday so that negotiators have more time to pursue a final accord, the State Department announced on Friday. “To allow for the additional time to negotiate, we are taking the necessary technical steps for the measures of the Joint Plan of Action to remain in place through July 13,” a […]
Oil prices may fall further as the world remains “massively oversupplied,” before markets tighten in 2016 when output growth outside OPEC grinds to a halt, according to the International Energy Agency. There will be no overall production growth outside the Organization of Petroleum Exporting Countries next year for the first time since 2008, according to the IEA. Growth in U.S. shale oil supplies will stagnate to the […]
A brief period of high profitability for the world’s oil refineries is likely to come to an end as quickly as it began, the International Energy Agency (IEA) said on Friday. Weak crude oil and relatively high prices for gasoline, diesel and petrochemical feedstock have pushed up refining profits sharply over the last six months, helping oil companies cope with much lower profits from upstream production. In […]
Mobile application developers will be able to test the quality of their apps through a new service — AWS Device Farm — unveiled by Amazon Web Services. The announcement was one of several made during the AWS Cloud Summit taking place Thursday at the Javits Convention Center in New York City. Other new developments announced during the event included Amazon API Gateway, a managed service designed to […]
Video | Kerry Says He Will Not Rush Iran Talks Secretary of State John Kerry said on Thursday that he was not willing to rush nuclear talks with Iran, but that they could not go on forever without an agreement. By MICHAEL R. GORDON and DAVID E. SANGER July 9, 2015 VIENNA — Secretary of State John Kerry said on Thursday that the United States would continue to negotiate on a nuclear agreement […]
A black-market fuel sale in Sana, Yemen, where food and fuel are in short supply because of the fighting. By SOMINI SENGUPTA July 9, 2015 UNITED NATIONS — The Saudi-backed government of Yemen has agreed to a “pause” in fighting, starting Friday, so that humanitarian relief can be delivered in the country, United Nations officials said Thursday. The Houthi rebels who control large parts of Yemen have agreed to […]
The mother of Avraham Mengistu, who is said to be held in Gaza by Hamas, before a news conference in Ashkelon, Israel, on Thursday. By ISABEL KERSHNER July 9, 2015 JERUSALEM — Two Israeli civilians are being held by Hamas in Gaza, one of them a man who walked into the Palestinian coastal territory in September, the Israeli authorities said on Thursday. Lifting a 10-month news blackout on the […]
|By Matein Khalid| De Gaulle dissed gold as a “barbarous relic” and Lenin sneered the yellow metal was fit only to “pave capitalist latrines”. So what? Gold has been an monetary metal in human history for centuries, back to the time of Pharonic Egypt, the Inca Empire, King Midas and the Spanish conquistadores of Mexico. While President Nixon removed the gold/dollar Bretton Woods linkage in 1971 and […]
Dubai has overtaken other financial centres in listing Islamic bonds on its exchanges, and is mounting a global drive to attract more listings while developing new channels to trade sukuk, the chief executive of Nasdaq Dubai said. “Demand for Islamic financial products still exceeds supply — there are very few financial products for which this is true,” said Hamed Ahmed Ali. The exchange is working on ways […]
UAE. The representation of women on corporate boards continues to increase, but the number of women leading boards still remains low globally. Overall, women now hold 12 percent of seats worldwide with only 4 percent chairing boards, according to the fourth edition of the Women in the Boardroom: A Global Perspective, report by Deloitte. The report outlines the efforts of 49 countries to increase the number of […]
UAE. Middle East employers must learn how to adapt to the unique demands of Generation Z in order to attract and retain new talent as we enter a new era of digital revolution, regional experts have warned. PA Consulting Group says failure to grasp how to motivate and communicate with this entrepreneurial group of people may threaten the survival of those organisations reluctant to change. A three-part […]
UAE. The global sukuk market is heading toward a correction in 2015 after the Central Bank of Malaysia (BNM)–one of the largest issuers of sukuk worldwide–stopped issuing earlier this year, says a report published today by Standard & Poor’s Ratings Services. But as the report, titled “Global Sukuk Issuance Stalls In 2015 As Major Issuer Exits The Market,” points out, BNM’s move leaves the door open to […]
ABU DHABI // The New York Times bestselling author Dan Buettner’s secrets to a long and healthy life transfixed the audience, which included members of the Royal Family, at the fifth Sheikh Mohammed bin Zayed Ramadan Majlis on Wednesday night. Buettner provided some surprising revelations in his tips on how to live a grand life to the age of 100 in his talk Blue Zones: Secrets of […]
