Oil price flux unlikely to hit long-term sector growth BEIRUT, 13 hours, 17 minutes ago The cyclicality of the oil and gas industry is unlikely to impact the long term trajectory of the sector, a report said, noting that the current fluctuations may speed up some of the trends that were already unfolding. The new report entitled “Oil and Gas Reality Check 2015” released by Deloitte, a […]
By ANNE BARNARD and MAHER SAMAAN July 3, 2015 BEIRUT, Lebanon — The fiercest fighting in months raged in the divided Syrian city of Aleppo on Friday, as newly reorganized insurgents carried out a new offensive on government-held areas. Two insurgent coalitions — a new one that includes the Nusra Front, Al Qaeda’s branch in Syria, and one formed in May by local factions long active in Aleppo — attacked simultaneously […]
Palestinians carrying the body of Muhammad Hani al-Kasba in the Qalandia refugee camp in the West Bank, on Friday. By ISABEL KERSHNER July 3, 2015 JERUSALEM — Israeli forces shot and killed a Palestinian teenager in the occupied West Bank on Friday as he and others hurled stones and rocks at their army vehicle, the Israeli military said, while Palestinian Authority security forces in the West Bank arrested more […]
WASHINGTON — The State Department issued a dismal assessment of Iran’s record on human rights on Thursday, saying that the Iranian authorities had stifled dissent and engaged in “unlawful killings.” The assessment, part of a broad overview of human rights practices around the world, was published one day before Secretary of State John Kerry is to leave for Vienna to try to conclude a nuclear accord with […]
As the civil war in Yemen continues, many families say they are living in constant fear. Parents say that their older children have been wetting their beds at night, and that younger ones are so traumatized that they are sent running for cover by the sound of a door slamming. The fighting between Houthi rebels and Saudi-backed government forces has displaced a million people, destroyed cultural heritage […]
By NICK CUMMING-BRUCE June 23, 2015 GENEVA — United Nations investigators condemned Syria’s government and armed opposition groups on Tuesday for deliberately targeting civilians with bombing and artillery attacks that were causing “unspeakable suffering.” “The government, with its superior firepower and control of the skies, inflicts the most damage in its indiscriminate attacks” on civilian-inhabited areas, aiming at targets like marketplaces and bakeries where people are likely to congregate, […]
UAE. The latest Crédit Agricole Private Banking research report, ‘Macro Comment – MENA Update’, noted that the UAE and Saudi Arabia continues to witness growth despite lower oil prices. The UAE even recorded high levels of job creation during this period. “Interestingly in the UAE, once again new orders and new export orders components reflected strong growth, while job creation hit a three-month high. This is reflected […]
BAGHDAD — When Umm Ahmed returned to her Iraqi hometown, Tikrit, in recent days she found a city devastated by fighting with militants from the Islamic State: buildings burned, shops looted, schools shuttered and hospitals inoperable. Still, it was home, and it was good to be back. “Today, I am in the middle of Tikrit,” Umm Ahmed, 39, said last week, preferring to be identified by her […]
Windows users, rejoice. Over the weekend, Microsoft announced that its latest operating system, Windows 10, will be free for anyone who wants it. Previously, the company said that it would make the new OS available as a free upgrade, but only to certain users who were currently running Windows 7 or 8. That arrangement would have excluded anyone still running Windows XP, Vista, or even Windows 7 […]
Yemenis waited to buy food and water in Taiz on Friday. The United Nations secretary general, Ban Ki-moon, has appealed for a two-week humanitarian truce in honor of Ramadan, which began this week. By SOMINI SENGUPTA June 19, 2015 UNITED NATIONS — The United Nations mediator for Yemen peace talks said on Friday that four days of discussions had ended with no agreement for even a brief pause in […]
LEBANON. Economena Analytics, a specialized economic information provider, released its Lebanese Economic Outlook (LEO) for the second quarter of 2015. Key forecast findings show heightened levels of pessimism in recent months, with growth forecasts for 2015 falling to 1.5% in the Q2 survey from 2% at the start of the year. The findings are based on the views of 17 leading Lebanese economists. None of the surveyed […]
Trevor Tasin with three of his sons: John, 11; Ben, 13; and Dominic, 2. Mr. Tasin, a pilot who retired as a major in 2014 after flying Predator drones and training new pilots. By CHRISTOPHER DREW and DAVE PHILIPPS June 16, 2015 CREECH AIR FORCE BASE, Nev. — After a decade of waging long-distance war through their video screens, America’s drone operators are burning out, and the Air Force is being […]
Visitors at the exhibit “A Brief History of Humankind” at the Israel Museum. The museum is Israel’s largest cultural institution, presiding over Jerusalem from a hilltop site alongside the Knesset and the Supreme Court. By ISABEL KERSHNER June 17, 2015 JERUSALEM — A softly lit case displays a small, gnarled implement that is said to be the world’s oldest known complete sickle, dating back 9,000 years. On a wall […]
ME firms facing challenges in human capital trends BEIRUT, 1 days ago The readiness to address challenges in learning & development, reinventing human resources (HR), leadership, and culture & engagement is decreasing in Middle East organisations, a report said. This raises the question of whether leaders are doing enough to prepare their organisations to respond to today’s most pressing business and human capital needs, added the Global […]
Logistics … only 18 per cent of all new productsachieve their profit targets. Logistics suffering price pressure, product flops BONN, Germany, 1 days ago The logistics sector seems to have a hard time when it comes to raising prices in their customer base, a report said, noting that only 18 per cent of all new logistics products and services are successful. Logistics firms succeed with only 40 […]
ISTANBUL — A coalition of Kurdish militias and Arab rebels stormed into a strategic Syrian town on the Turkey border on Monday, seizing most of it from Islamic State fighters who had long used the area to smuggle supplies and fighters into their self-declared caliphate, according to Kurdish militia leaders and activists. The complete loss of the town, Tal Abyad, would deal a major blow to the […]
Contributing Op-Ed Writer June 11, 2015 Shmuel Rosner TEL AVIV — Reuven Rivlin was elected president of Israel a year ago. Since then, this Likud Party member and former speaker of the Knesset has become Israel’s voice of moderation and reason on many issues. He has denounced racism, defended the autonomy of Israel’s judiciary and argued for better relations between Jews and Arabs. Mr. Rivlin is the […]
UAE. Invesco today released its third annual Invesco Global Sovereign Asset Management Study[1], an in-depth report on the complex investment behaviour of sovereign wealth funds, conducted amongst more than 50 individual sovereign investors across the globe representing $7.09 trillion2 of assets, including Middle East based sovereign wealth funds. This year’s study took place against a backdrop of an extreme fall in the price of oil and provides […]
Al Hilal Bank opens new branch in Masdar City ABU DHABI, 6 days ago Al Hilal Bank has inaugurated its new brand in the Masdar City, a mixed-use project being developed in Abu Dhabi which is envisioned to emerge as a sustainable eco-city. The branch aims at highlighting Al Hilal Bank’s commitment to introducing products, services and facilities that are environmentally friendly and powered by state-of-the-art technology. […]
In an image taken from a video on a militant website, the Islamic State’s leader, Abu Bakr al-Baghdadi, addressed followers last year in Mosul, Iraq. New insights yielded by a seized trove of materials in Syria include how he operates and tries to avoid being tracked by coalition forces. By ERIC SCHMITT June 8, 2015 WASHINGTON — American intelligence agencies have extracted valuable information about the Islamic State’s leadership structure, financial […]
Video | Libya: Wake Up, Benghazi! On June 25, 2014, Salwa Bugaighis was shot dead in her home by unknown militants, marking a new milestone in the country’s descent towards anarchy: the first female political assassination. By DAVID D. KIRKPATRICK June 7, 2015 Scores or perhaps hundreds of killings remain unsolved in Benghazi, Libya, since the ouster of Col. Muammar el-Qaddafi nearly four years ago. But no victim has symbolized […]
A sign in Bethlehem, in the West Bank, calls for a boycott of products from Israeli settlements in the occupied territories. By RICK GLADSTONE June 5, 2015 South Carolina has become the first state to enact legislation aimed at thwarting an international pro-Palestinian economic and disinvestment campaign intended to penalize Israel. Illinois will soon become the second, and advocates say plans are underway for similar laws in 18 more […]
|By Rashidul Bari|One may expect the title “Grameen and Muhammad Yunus” to reflect Yunus’ founding of the Grameen Bank (which won the Nobel Prize in 2006) in 1983 to provide miniature loans to the poor—especially women who were trapped in an endless cycle of poverty. Why then does the title involve John Nash, a math genius who won the Nobel Prize in 1994, instead of Yunus? Does […]
U.S. Government Suffers Massive Cyberattack The U.S. Office of Personnel Management (OPM) is reporting a cybersecurity incident that affects its systems and data. The breach may have compromised the personal information of 4 million current and former federal workers. “Within the last year, OPM has undertaken an aggressive effort to update its cybersecurity posture, adding numerous tools and capabilities to its networks,” according to a statement on […]
