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King Salman’s extravagant travel arrangements have captured the public imagination ahead of the Saudi monarch’s high-profile visit to Indonesia beginning Wednesday, but billions of dollars in oil and other investment deals are also at stake. The trade deals could be worth as much as $25 billion, including a $6 billion project between the two nation’s oil companies, according to Indonesian officials who briefed reporters on the scheduled […]

A critic once described ­Yasmina Khadra as “a writer who can ­understand man ­wherever he is.” This came after it had become public knowledge, in 2011, that Yasmina Khadra is actually the pen name of Algerian author ­Mohammed Moulessehoul. Speaking to The National from his home in France, ­Moulessehoul said the revelation about his true identity – a former career military man and counterterrorism officer in the […]

In recent years the idea that no person or fund can consistently outperform the wider stock market by skill alone has been fashionable. Emboldened by traditional investment houses haemorrhaging market share to automated passive funds, the once-maligned advocates of the efficient market hypothesis have revised their mantra: you can’t beat the market, so buy an exchange traded fund instead. Outsiders listening in to this debate may conclude […]

28 February 2017 A host of local and international experts discussed the requirements needed for the UAE to successfully establish a Reproduction Rights Organisation (RRO), during the second day of the Emirates Reproduction Rights Forum, which took place yesterday (Tuesday) in Sharjah. Hosted at the emirate’s Flag Island, the concluding activities in the first forum of its kind in the region featured experts on reproduction rights who […]

By Aye Win Myint | NAYPYITAW NAYPYITAW Myanmar’s military defended its crackdown on the Rohingya Muslim minority as a lawful counterinsurgency operation at a rare news conference on Tuesday, adding it was necessary to defend the country. It was the first time the top generals directly addressed the mounting accusations of human rights abuses which, according to U.N. experts, may amount to crimes against humanity and ethnic […]

Domino’s in-app DRU Assist Screenshot: Asha McLean/ZDNet Domino’s has delivered new additions to its Domino’s Robotics Unit (DRU) family, announcing the DRU Platform, an artificial intelligence (AI)-based technology that will allow customers to order a pizza using their voice. As of Monday, customers will be able to use DRU Assist, an in-app AI virtual assistant that was built in partnership with natural language company Nuance. DRU Assist […]

By Isabel Coles and Maher Chmaytelli | MOSUL/BAGHDAD, Iraq MOSUL/BAGHDAD, Iraq U.S.-backed Iraqi forces on Tuesday battled their way to within firing range of Mosul’s main government buildings, a major target in the offensive to dislodge Islamic State militants from their remaining stronghold in the western side of the city. Terrified civilians were fleeing the fighting, some toward government lines, often under militant fire. Others were forced […]

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By Stephen Kalin | SOUTH OF MOSUL, Iraq SOUTH OF MOSUL, Iraq A few hundred men who had scurried across front lines in a refugee exodus from Mosul sat on the ground in neat rows before an Iraqi intelligence officer who scanned the crowd for hidden militants. The officer pulled a teenager onto a raised platform and asked the group if he belonged to Islamic State (IS). […]

Image by Arafat Uddin (Creative Commons) The financial services industry is undergoing digital disruption and change. Insurance, as part of that industry, also faces new opportunities and challenges. To explore these issues, I spoke with the CIO for Information at Swiss reinsurance giant, Swiss Re. Rainer Baumann handles the data and tools that experts inside the company use to understand and evaluate a broad range of insurance […]

By Steve Holland | WASHINGTON WASHINGTON After a turbulent start to his presidency, Donald Trump goes before the U.S. Congress on Tuesday night to give a speech that will be closely watched for details of his plans for the economy and whether he can strike a more conciliatory tone. World financial markets will be scrutinizing the 9 p.m. (0200 GMT Wednesday) address in the House of Representatives […]

Tim Cook has signalled that Apple would look to broaden its $50bn US manufacturing and supplier base, as the iPhone maker faces looming pressure on domestic job creation from the Trump administration. Apple would also step in to defend net neutrality, its chief executive said, if the principle protecting even-handed management of internet traffic was threatened by the new head of the Federal Communications Commission, the US telecoms regulator. “We […]

First Gulf Bank (FGB) chief executive officer Andre Sayegh on Tuesday said its merger with the National Bank of Abu Dhabi (NBAD) will create a “large and strong” bank that can compete on an international scale. The merger of the two Abu Dhabi-based banks was announced in July last year which when completed by end of first quarter 2017 will create one of the largest banks in […]

Singapore-based Olam, one of the world’s biggest food traders, is predicting a revival in chocolate consumption in Europe as prices fall on the back of a bumper west African crop. Cocoa is one of the worst performing commodities this year, with the London benchmark trading at its lowest since 2013 amid concern over a glut in supply in west Africa, the key growing region. Sunny Verghese, Olam […]

By Andrea Shalal and Ece Toksabay | BERLIN/ANKARA BERLIN/ANKARA Berlin summoned Ankara’s ambassador on Tuesday to protest the arrest in Turkey of a correspondent for a German newspaper, further fuelling tensions between the two NATO allies as demonstrations took place across German-speaking Europe. Deniz Yucel, a German-Turkish dual national with Die Welt, faces up to 10-1/2 years in prison after being arrested on charges of propaganda in […]

PARIS A police sharpshooter accidentally wounded two people as French President Francois Hollande was giving a speech in the south-west of France on Tuesday, a police source said. The shooter was on a roof about a hundred meters (109 yards) from a tent where Hollande was speaking. During a change of position his gun fired accidentally, the source said. A loud noise like a gunshot is heard […]

By Kylie MacLellan | LONDON LONDON The U.S.-led coalition effort against Islamic State is killing the group’s fighters more quickly than it can replace them, a senior British general said on Tuesday, with more than 45,000 killed by coalition air strikes up to August last year. On Tuesday, U.S.-backed Iraqi forces continued their offensive in Mosul, where several thousand Islamic State (IS) militants, including many who travelled […]

By Michelle Nichols | UNITED NATIONS UNITED NATIONS Russia on Tuesday cast its seventh veto to protect the Syrian government from United Nations Security Council action, blocking a bid by Western powers to impose sanctions over accusations of chemical weapons attacks during the six-year Syrian conflict. China backed Russia and cast its sixth veto on Syria. Russia had said the vote on the resolution, drafted by France, […]

ABU DHABI // The number of Emiratis working in the private sector will need to increase tenfold over the next 5 years, members of the Federal National Council say. Naama Al Sharhan said private sector firms – in particular those that are foreign-owned – need to be encouraged to hire more UAE nationals. The FNC debate came after recruiters were deployed in every emirate to find jobs […]

Though the big-name ­international authors appearing at the Emirates Airline Festival of Literature, such as Jeffery Archer and crime novelist Kathy Reichs, often get the most attention, it is worth remembering there are 140 writers attending the event. Among them are some of the biggest names in the Arab literary world. All Arabic sessions will be translated into English, so ­everyone can share their ideas on literature, […]

Barely a year ago, Vale, the Brazilian mining company, was reeling. Prices of iron ore, its principal export, were at an all-time low, investors were ditching its shares and China — the market on which it most depends — looked as if it was heading for a rapid and uncontrolled slowdown. Fast forward 13 months and iron ore is back in fashion. Vale is producing record amounts […]

The American ambassador, Nikki R. Haley, accused Russia of putting “its friends in the Assad regime” before global security. Continue reading the main story “It’s a sad day for the Security Council when member states make excuses for other members killing their own people,” she said in the council chambers after the vote. The resolution, proposed by Britain and France months ago and endorsed by the United […]

With US stock markets hitting record highs last week, the question has to be asked. Has the Trump reflation trade — long in equities, short in bonds — run its course? In the equity market it has been a crowded trade for quite some time. On the bond side, futures market data are telling us that there are exceptionally large speculative bear positions in the market. This […]

By Pilar Olivares | RIO DE JANEIRO RIO DE JANEIRO The top of a towering float collapsed during the final night of the parade by Rio’s elite samba troupes early on Tuesday, injuring 12 people in the second accident to mar Brazil’s glittering Carnival show. Firemen rushed to rescue costumed dancers caught in the tangled top section of the Unidos da Tijuca samba school, which lost precious […]

By Stephanie Nebehay and Joseph Sipalan | GENEVA/KUALA LUMPUR GENEVA/KUALA LUMPUR South Korea called for “collective measures” to punish North Korea for using chemical weapons to kill the estranged half-brother of its leader Kim Jong Un, as Malaysia said on Tuesday it would charge two women with murder over the airport attack. Police have said the women smeared VX nerve agent, a chemical on a United Nations […]

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