Jakarta / AFP Ten Indonesian sailors have been kidnapped in Philippine waters by militants who have demanded a ransom for their release, a minister said on Tuesday. The crew were travelling on two boats that were transporting coal from Borneo island to the Philippines when they were hijacked, said Indonesian Foreign Minister Retno Marsudi. It is not clear when the …

On March 24, US oil futures settled at around $39 a barrel, up nearly 50 percent on January’s 12-year low of below $27. Meanwhile, the benchmark copper price on the London Metal Exchange closed at $4,945 a ton, up 15 percent from its six-year low in January, while iron ore prices have risen by nearly 30 percent this year to …

The UAE is on track to usher in a knowledge-based economy. Recently, it adopted the Science, Technology and Innovation’s Higher Policy, which includes 100 national initiatives in the educational, health, energy, transportation, space and water sectors. AED300 billion is being pumped into this ambitious plan. A knowledge-based economy has four requisites: education and training, information infrastructure, economic incentive and institutional …