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The Levant

IMF boss urges ‘rainy day fund’ for Eurozone

International Monetary Fund (IMF) chief Christine Lagarde said Monday that Eurozone countries should set up a “rainy day fund” that could cushion members when they hit economic hard times. “For a relatively modest cost … a central fiscal capacity could reduce the negative effects on output by more than 50 …

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Cybercriminals shift to coinmining as a new revenue source

Cybercriminals are rapidly adding cryptojacking as a new avenue to increase its revenue stream and initiate attacks as the ransomware market becomes overpriced and overcrowded, an industry expert said. Haider Pasha, chief technology officer for emerging markets at Symantec Middle East, told Gulf News that browser-based cryptocurrency mining, also known …

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Hamdan hails Dubai Investment Week

The Fourth edition of Dubai Investment Week will be held from October 7 to 11, 2018, according to the directives of Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council. The event is dedicated to familiarising people with Dubai’s strategic features …

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NATO’s AWACS give U.S. eyes in the sky over Syria

The smell of jet fuel flooded the cabin and a tremendous roar made it difficult to talk as a near-windowless military plane rumbled down a runway in southwestern Turkey. Sitting along rows of computer screens under the dim overhead lights, a multinational crew of 19 monitored hundreds of miles into …

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Former Brexit volunteer alleges campaign ‘cheated’

An individual who volunteered for a Brexit campaign effort said the organization broke the law, and in turn, is arguing the referendum vote “wasn’t legitimate,” according to the United Kingdom’s Channel 4 News. Shahmir Sanni told Channel 4 that the organization “Vote Leave” coordinated spending over the legal limit, using …

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Israeli Soldiers Abduct A Palestinian Journalist

Israeli soldiers stationed at the al-Karama Border Terminal between Jordan and Palestine abducted, on Thursday, a Palestinian journalist working for Palestine TV, while he was heading back home after receiving a journalism award in Egypt. The journalist, Bakr Abdul-Haq, was returning to Palestine from Cairo, after receiving a journalism award …

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Catalan separatist leader Carles Puigdemont arrested in Germany

Authorities in Germany arrested former Catalan president Carles Puigdemont on Sunday after he crossed into the country from Denmark, setting up a possible extradition of the separatist leader to Spain. Puigdemont’s attorney announced the arrest on Twitter and said his client had been taken to a police station. German police …

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Saudi Arabia’s expat tax conundrum

This month was the end of the line for many Asian expatriates in Saudi Arabia who chose to return home following the conclusion of the school year and final exams. With rising levies on each expat every successive year, many of them folded up and made preparations for an early …

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Cambridge Analytica misled MPs, says ex-director

Cambridge Analytica conducted data research for one of the leading Brexit campaign groups — and then misled the public and MPs over the work the company had undertaken, according to a former employee who has spoken to the Guardian. In an exclusive interview, Brittany Kaiser, Cambridge Analytica’s business development director …

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WTO chief calls for calm over tariffs

The World Trade Organization chief warned on Friday that creating barriers to international trade would “jeopardise the global economy,” after Washington slapped steep tariffs on Chinese imports, heightening fears of a trade war. “Disrupting trade flows will jeopardise the global economy at a time when economic recovery, though fragile, has …

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