BEIRUT, Lebanon — The fevered struggle between Saudi Arabia and Iran for regional dominance has for years aggravated nearly every conflict across the Middle East as the two nations armed, funded and encouraged each other’s adversaries. So it has come as a surprise to many here that even with the region still in tumult, there have been signs that both powers are looking to temper their destructive […]
Lady Soames, then Mary Churchill, with her father Winston Photo: PA [embedded content] Churchillian connections for this week’s podcast. The obituary of Mary Soames shows her affinity with her father Winston Churchill and her uneasy relationship with her mother Clementine. Christy Campbell is here in the studio to talk about the brave efforts by Commander Ronald Borner to put into effect one of Churchill’s wheezes: fluvial mines […]
Samsung Electronics Chairman Lee Kun Hee, South Korea’s richest person, was ordered to appear before an Indian court in a dispute over a $1.4 million payment after losing a motion to avoid presenting himself. Lee should appear on July 14 after his petition was dismissed, Magistrate Ram Karan Yadav of Ghaziabad district court in Uttar Pradesh state said in an order issued June 2. Samsung spokeswoman Rhee […]
The worst Qatar stock rout in nine months is creating a buying opportunity for some of the biggest Middle East investors, who say they’re undaunted by speculation the country will lose the right to host the 2022 World Cup. Emirates NBD PJSC, whose wealth management division oversaw about $2.1 billion at the end of 2013, says it’s looking to add stocks because any impact on corporate earnings […]
Saudi Arabia’s market regulator has suspended trading in Etihad Atheeb after the landline operator failed to disclose sufficient details on a network sharing deal with Saudi Telecom Co (STC), according to a bourse filing on Thursday. Earlier on Thursday, Atheeb said it had signed a so-called Indefeasible Rights of Use (IRU) agreement that gives it access to 30,000 STC data connections for 15 years, with an option […]
The malls unit of Dubai’s Emaar Properties will hold meetings with fixed income investors ahead of a potential benchmark-sized sukuk issue, Emaar said on Thursday, in what would be a debut debt market transaction for the subsidiary. Dubai Islamic Bank, Emirates NBD, Mashreq, Morgan Stanley, First Gulf Bank , National Bank of Abu Dhabi, Noor Bank and Standard Chartered will be arranging the meetings on Emaar’s behalf, […]
An impending bond issue by Abu Dhabi-based telecommunications firm Etisalat may not only be the region’s largest deal so far this year, but also set a record for tight pricing as the Gulf becomes more of a mainstream investment destination. Etisalat’s debut bond will replace some of the debt used to fund its 4.2 billion euro ($5.7 billion) purchase of a majority stake in Morocco’s Maroc Telecom […]
The authorities in Saudi Arabia, alarmed over the rising human death toll from the Middle East Respiratory Syndrome coronavirus, said they would start testing the kingdom’s entire population of camels and other livestock next week, Saudi newspapers reported Thursday. The Arab News quoted Fahd Balghuneim, the agriculture minister, as saying the tests to determine the extent of infection would be conducted via blood or mucus samples. Saudi […]
WHO team makes five-day visit to UAE International experts and local authorities agree to continued exchange of information in attempt to reduce risk of further infections ABU DHABI // International infection experts yesterday praised the work of UAE health authorities in attempting to better understand the deadly Mers coronavirus after completing a mission to assess the risk the virus poses to the country. A team from the […]
Barack Obama and leaders of the G7 group of nations have threatened Russia with more sanctions if it continues to undermine the sovereignty of Ukraine and fund separatists in the east of the country. The US president issued the warning on Thursday and urged his Russian counterpart Vladimir Putin to hold direct talks with the Ukrainian president-elect Petro Poroshenko to end the crisis. “The kinds of destabilising […]
A view of southwestern Syria in late April, from an Israeli lookout post in the Golan Heights. Israel has placed soldiers in the Golan to stand guard against any Syrian attack. Nicholas Casey/The Wall Street Journal GOLAN HEIGHTS—Each morning after sunrise, soldiers from the Israel Defense Forces stand on a hill and look into their binoculars over two parallel fences topped in barbed wire that stretch out […]
A supporter of Abdel-Fattah el-Sisi during a celebration at Tahrir Square in Cairo Tuesday, June 3 (AP Photo/Amr Nabil) Associated Press Tamer El-Ghobashy, one of The Wall Street Journal’s Cairo-based reporters, hosted a Reddit AMA (Ask Me Anything) Wednesday. He answered questions on Egypt’s newly-declared president, former military chief Abdel Fattah Al Sisi; ousted Egyptian leader Mohammed Morsi; and about reporting from the country. The full AMA […]
An aerial view of Khalifa Port in Abu Dhabi Reuters Capacity at seaports and airports in the Middle East is growing faster than regional trade, potentially jeopardizing the viability of billions of dollars worth of new investment in transportation infrastructure. Government-led investment in regional logistics and transport has taken off in the past decade, driven by energy-rich Gulf Arab countries trying to carve out a niche as […]
Suspected al-Qaida militants have attacked a military checkpoint in southern Yemen, killing at least 14 soldiers. Yemeni security officials say other soldiers were wounded in the attack, which took place on Thursday near a village in Shabwa province. Yemen is the stronghold of al-Qaida in the Arabian Peninsula, one of the terror group’s most active branches. An army spokesman said Thursday that at least 500 al-Qaida militants […]
FILE – Israeli Minister of Housing and Construction Uri Ariel, center, speaks to journalists during ceremony marking resumption of construction in east Jerusalem. TEXT SIZE – + VOA News June 05, 2014 2:24 AM Israel has announced plans to build about 1,500 more settlement homes in the West Bank and East Jerusalem in response to the Palestinians’ formation of a unity government. Israel’s housing ministry announced the new […]
ABU DHABI // Residents will have more relief from the recent sweltering heat this weekend, with Thursday’s cooler conditions forecast to continue. The weather bureau says the drop of up to 7°C in many parts of the country is set to continue on Friday and Saturday as the north-westerly Shamal wind makes a welcome return, with cloudy, windy and hazy conditions. “It will be slightly hazy on […]
Initial public offers of equity in Gulf Arab countries are set to boom, helped by lighter regulation and legal reforms as governments seek to diversify their oil-dependent economies, according to one of the region’s top IPO lawyers. An exemption from Dubai IPO rules granted by regulators to real estate giant Emaar Properties, which will permit an offer worth up to $2.45 billion, is a sign of the […]
Dubai Islamic Bank (DIB) has completed the purchase of a 24.9 percent stake in Indonesia’s Bank Panin Syariah from its parent firm, an executive at Bank Pan Indonesia was quoted as saying on Wednesday. DIB, the largest Islamic bank in the United Arab Emirates, said last month that it was in talks to buy 25 percent of Indonesia’s only listed sharia-compliant lender, which it would jointly manage […]
US President Barack Obama has condemned what he called Russia’s “dark tactics” and “bullying” in Ukraine, prompting President Vladimir Putin to hit back at American “aggression,” as diplomatic wrangling between the two countries escalated. Obama met Ukraine’s president-elect Petro Poroshenko in the Polish capital of Warsaw on Wednesday, and promised years of US support, then blasted Russia and vowed to protect former Soviet states and domains in NATO, […]
In the small number of other countries that have legalised assisted suicide, there have been mistakes Photo: PA As a psychiatrist I have spent my working life helping people to find a reason for living and to make sense of disability – not a reason to hasten their death. So imagine my concern to find yet another attempt to legalise what is euphemistically called ‘assisted dying’ planned for […]
Egyptians celebrate in Cairo’s Tahrir Square on June 3 after ex-army chief Abdel Fattah Al Sisi won 96.9% of votes in Egypt’s presidential election. Getty Images Tamer El-Ghobashy for The Wall Street Journal Tamer El-Ghobashy, one of The Wall Street Journal’s Cairo-based correspondents, will host a Reddit AMA (Ask Me Anything) on Wednesday, June 4, at noon ET. Mr. El-Ghobashy will answer questions on everything from Egypt’s presidential elections, expectations […]
UAE Central Bank data Lending to construction in the United Arab Emirates is booming again, underlining a rapid return in confidence despite the heavy toll bad real estate loans took on local banks during the global financial crisis. Banks had extended almost 181 billion dirhams ($49 billion) of credit to the construction sector last year, according to recently released central bank figures, up from AED129 billion in […]
The United States is calling on Egypt’s president-elect, Abdel Fattah el-Sissi, to carry out reforms to ensure the government is accountable and transparent while protecting “the universal rights of all Egyptians.” A White House statement Wednesday said President Barack Obama plans to speak with Sissi in the coming days, following the official announcement the former army chief won 97 percent of the vote in last week’s election. Egypt […]
|By TAP Staff|Aldar Properties announced it has repaid a US$1.25 billion bond that matured at the end of May 2014 as the company pushes ahead with a strategy to deleverage, reduce its cost of borrowing and build a strong platform for growth. The bond that matured in May 2014 carried an annual interest cost of 10.75% and it was repaid using cash and by drawing down on […]
