Photo Leah Pfeiffer, left, a student at the Culinary Institute of America, and Chuck Yu, a West Point cadet, cooking in a C.I.A. kitchen in October 2013.Credit Mike Groll for The New York Times We are hard pressed to think of many world-class liberal arts colleges with entire student bodies ambitiously studying and training toward a single profession – and in uniforms that are far from Vassar’s […]
Letter From the Mideast By JODI RUDOREN May 13, 2015 JERUSALEM — The most recognizable Israeli artwork depicting the Iranian nuclear threat was the cartoon bomb that Prime Minister Benjamin Netanyahu drew a red line through at the United Nations in 2012. Now comes Andi Arnovitz, an Orthodox Jewish-feminist painter and printmaker, with a series of collages that are a bit more sophisticated and just as unsettling. There is […]
|By Alaa Alghamdi| Recently we have seen heightened security along the Saudi borders in response to the threat posed by Houthi rebels, those same rebels who exerted such power that they forced President Mansour Hadi to leave the country. The leadership of Khaled Bahah as Vice President offers hope that decisive action may be taken to resolve this matter. Meanwhile the UN is referring to the situation […]
DP World, one of the world’s biggest port operators, has launched a $500 million, five-year bond that will price later on Tuesday, a document from lead arrangers showed. The transaction was set to price at a spread of 155 bps over midswaps, which is at the tighter end of a final guidance of 160 bps plus/minus 5 bps over midswaps. This is lower than initial pricing guidance […]
|By TAP Staff| The sale of residential properties in Dubai may continue to slide by one to five percent in the first half of this year, according to a report for Deloitte Financial Advisory. But the report forecasts a pickup in the second part of the year. It added that super prime malls will experience further growth in tourist numbers whilst residents will drive demand for convenience […]
|By TAP Staff| RP Global – part of RP Group of Companies, a global business conglomerate with an annual turnover of over US$4 billion – made its entry into the Dubai real estate market by breaking ground on its new multi-storey residential tower project RP Heights. RP Global will initially develop two prestigious projects in the heart of the city with a total development value of over […]
|By Alaa Alghamdi| There can be few more crucial yet intractable conundrums in the world today than the question of the root causes of terrorism. Terrorism seems to strike out of the blue, and sometimes with devastating force; dealing with its effects after the event is very far from being a tenable strategy. If there is a way to deal with terrorism it is to prevent it, […]
Drytunes is the world’s first totally waterproof (as in submersible) Bluetooth speaker that also offers 400 cubic inches of internal dry storage. Its rechargeable battery delivers 16-hours of playback & connects wirelessly to Apple iOS, Android, & Windows devices. This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers. […]
|By Nafeesa Syeed & Rinat Gaynullin|Saudi Arabia is burning through foreign reserves at a record pace as the largesse of the new king and regional turmoil ratchet up pressure on public finances already hurt by the oil price slump. The kingdom spent $36 billion of the central bank’s net foreign assets — about 5 percent of the total — in February and March, the biggest two-month drop […]
|By TAP Staff| Emaar Malls , the shopping malls and retail business majority-owned by global property developer Emaar Properties, records net profit of AED 433 million (US$ 118 million) during the first quarter (January to March) of 2015. This is 32 per cent higher than Q1 2014 net profit of AED 329 million (US$ 90 million). The revenue during Q1 2015 across all its mall and retail […]
The two main stock exchanges in the United Arab Emirates are trying to attract market makers but some industry professionals say Abu Dhabi is offering more generous financial terms and more liberal rules than Dubai, suggesting it may have more success. Market makers stand ready to buy and sell stocks at all times, improving liquidity on an exchange – something which may be increasingly important as Abu […]
Plunging iron ore prices are providing a lifeline for some of China’s biggest steel mills, but raising the prospect of a rising tide of exports and increased friction with the European Union and countries such as India. Even as China’s domestic steel demand shrinks and the industry battles chronic overcapacity, lower iron ore prices have helped many large mills post better earnings in 2014 than a year […]
DP World, one of the world’s biggest port operators, wants to issue a dollar-denominated bond and could announce plans to market the deal to fixed-income investors as soon as next week, three sources aware of the matter said on Thursday. The Dubai-based firm could raise between $750 million and $1 billion from the bond, depending on investor appetite and the interest rate the company would have to […]
Indosat, Facebook bring easy internet access to Indonesia DOHA, 21 hours, 24 minutes ago Indosat, a member of Ooredoo Group, and Facebook have partnered to launch Internet.org in Indonesia as part of the “Internet Tanpa Pulsa Untuk Semua” initiative for all Indonesians. Facebook’s Internet.org will make the Internet more accessible for all Indonesians through a set of basic services, including useful health, education, social media for communication […]
Kingdom Holding Q1 profit rises 10.3pc RIYADH, 20 hours, 23 minutes ago Saudi Arabia’s Kingdom Holding , the investment firm owned by billionaire Prince Alwaleed bin Talal, posted a 10.3 per cent rise in first-quarter net profit on Tuesday, on the back of higher income from dividends and associates. Kingdom make a net profit of SR139.4 million ($37.2 million) in the three months to March 31, compared […]
Alitalia SpA may follow British Airways parent IAG in quitting the Association of European Airlines as a rift widens over the competitive threat from Gulf carriers, which are the biggest shareholders at both companies. “A strong signal is needed and other airlines have already done that,” Alitalia Chief Executive Officer Silvano Cassano, whose Rome-based company is 49 percent owned by Etihad Airways PJSC, said in an interview. […]
Dubai’s drive to develop its Islamic finance sector is fuelling growth of sharia-compliant banking but the benefits are unevenly distributed, with some lenders struggling to compete against burgeoning competition. In 2013, Dubai’s government announced plans to turn the emirate into a centre for an “Islamic economy” with sharia-compliant businesses ranging from banking to asset management, trade, food preparation and certification, fashion, education and tourism. This looked like […]
In my previous column, I outlined the innovative German system of cooperative study and universities of applied sciences. These institutes in particular support a practical, hands-on approach to learning about engineering. But where do managers of mid-sized business learn the tools of their trade? As we have seen, traditionally, the answer would be through common sense and trial and error. The majority of world-leading mid-sized enterprises were […]
|By TAP Staff| Oil production from the Organization of the Petroleum Exporting Countries (OPEC) totaled 30.72 million barrels per day (b/d) in March, up 800,000 b/d from February, and the highest monthly volume since November 2012, according to the latest Platts survey of OPEC and oil industry officials and analysts. In November 2012, OPEC output was estimated at 31.08 million b/d. Saudi Arabia boosted production by 280,000 […]
Written by former Texas Rangers catcher Benjie “Big Money” Molina, this is the inspiring true story of Puerto Rican factory-worker Benjamin Molina Santana whose three sons—Benjie, Jose, and 6-time all-star Yadier—each beat long odds to earn their own World Series rings. This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at […]
Bengaluru/By Vishnu Raja/The on-going brawl over telcos move to charge consumers differently and discriminate in favor of some apps opposed to others, had once existed in the past, but only in a realm of hypothetical discussions. The debate is becoming realistic as people in India begin to realize the importance of net neutrality (NN) and the ‘dangers’ this may pose to consumers. ISPs, globally, have a track record of such arbitrary actions and […]
Apollo Global Management is in talks to expand its business into the Middle East for the first time through a joint venture with a local investment firm, three sources aware of the matter told Reuters on Wednesday. The move is the latest sign of interest in the region from large Western private equity funds. They are searching for opportunities in previously-unexplored markets due to low-yield environments at […]
The specter of an atomic arms race in the world’s most volatile region has heightened the stakes in Iran’s nuclear talks after Saudi Arabia’s repeated hints it would seek its own atomic weapons if Tehran ever did the same. Riyadh’s unprecedented action in assembling a coalition of other Sunni Muslim countries to bomb Tehran’s Houthi allies in Yemen this week has shown how seriously it takes the […]
As chairman of Emaar Properties, Mohamed Alabbar has shaped much of Dubai’s skyline, but rapid growth in his outside real estate interests is raising the possibility of a rarity in the Gulf – open shareholder dissent. Speculation persists that Alabbar and Emaar, the company he founded in 1997, could soon part ways despite a categorical denial from the firm last month. His involvement in other firms’ projects, […]
