ABU DHABI // Two major development projects will bring thousands of homes and jobs to an underdeveloped area on the outskirts of the capital. The Dh4 billion Sheikh Shakhbout Medical City is 90 per cent complete and will open soon, while construction is under way on a Dh2.5bn Emirati housing neighbourhood near Abu Dhabi International Airport. The first of the homes will be ready by 2019. The […]
By Alexandra Ulmer and Eyanir Chinea | CARACAS CARACAS Venezuela’s opposition blocked streets in Caracas on Tuesday to denounce a decision by leftist President Nicolas Maduro to create a “constituent assembly,” a move critics said was a veiled attempt to cling to power by avoiding elections. After a month of near-daily protests by opponents demanding early general elections, the unpopular leader announced on Monday he planned to […]
Managed by Frasers Hospitality Group, the Magnificent Fraser Suites West Bay property in Doha is set to Open its Doors in May 2017 Qatar, May 2 2017 Fraser Suites West Bay – Doha, today announced it has received 5 star hotel recognition from Qatar Tourism authority (QTA), surpassing all requirements in offering a 5 star hotel and service for guests to come. Set to open its doors […]
By Brian Ellsworth | CARACAS CARACAS Venezuelan President Nicolas Maduro shocked many of his countrymen on Monday by calling for a constitutional assembly in a move similar to one his predecessor and mentor Hugo Chavez used almost 20 years ago. But there is a key difference: while Chavez enjoyed broad popularity following his 1998 election, Maduro faces slim odds at the ballot box and critics say he […]
Esure hit a record high on Tuesday amid hopes that surging car insurance premiums will translate to fatter dividends. Canaccord Genuity added Esure to its “buy” list as part of a sector review. It forecast motor insurance pricing to keep rising at the current pace until the end of 2017, having jumped 16 per cent year on year in the first quarter, and expected the larger insurers […]
According to recent polling by Elabe, he would take 65 per cent of the vote in a second-round run-off against Le Pen. It is expected that Macron – a centrist – should be able to attract a wider spectrum of second-round voters than Le Pen, pulling in left-leaning voters from Hamon and Mélenchon as well as those leaning to the right that voted Fillon in the […]
May 2, 2017 by: Najmeh Bozorgmehr in Tehran Iran’s hardliners are committed to the nuclear deal with world powers even as they use the accord to attack President Hassan Rouhani ahead of elections this month, a senior hardline politician said. The agreement was a “done deal” and there would be no attempts to sabotage it, said Alireza Zakani, a senior figure in the hardliners’ camp and a […]
(Corrects professor’s name in paragraph 7) SANAA Famine and disease haunt the living, but not even the dead are spared the calamities of Yemen’s two-year-old civil war. Ancient mummies are withering away in a major museum for lack of electricity and preservative chemicals from abroad – a sign that the conflict is harming not only the country’s present and future but also its rich past. The dozen […]
Brussels is rushing out proposals to impose EU control on the City of London’s lucrative euro-clearing market, forcing UK operators to either relocate or be policed by European authorities. In a provocative regulatory salvo fired as Brexit talks begin, the European Commission is preparing to issue legislative proposals in June that would heavily restrict London’s ability to host one of its flagship financial businesses. The commission’s power […]
Greece has wrapped up a deal with creditors on details of reforms that must be enacted before the country can receive the next disbursement from its €86bn bailout programme. The deal, which covers a wide range of fiscal and structural measures, from fresh cuts in pensions to liberalising Sunday trading, was completed during intensive talks over the past week after months of wrangling between Greek finance ministry […]
For nearly two months, American International Group Inc (AIG.N) has planned to replace its chief executive but a successor has yet to be named, creating a void that has fueled investor concern about the insurance company’s future. AIG reports its first-quarter earnings on Wednesday and analysts and investors said they want to know more about AIG’s succession plans. Chief Executive Officer Peter Hancock announced on March 9 […]
By Ahmed Aboulenein | MOSUL, Iraq MOSUL, Iraq Ahmed Abdelsattar was 14 when Islamic State swept into Mosul and declared a caliphate in 2014. Fearing he would be indoctrinated and sent to fight by the militants, his parents took him out of school. Three years later, he sells ice cream at a refugee camp for internally displaced Iraqis. His family have lost their home and his father […]
By Andrew Cawthorne and Alexandra Ulmer | CARACAS CARACAS Venezuela’s socialist President Nicolas Maduro announced on Monday the creation of a new popular assembly with the ability to re-write the constitution, which foes decried as a power-grab to stifle weeks of anti-government unrest. “I don’t want a civil war,” Maduro told a May Day rally of supporters in downtown Caracas while elsewhere across the city security forces […]
TOKYO Asian shares advanced on Tuesday, helped by rising optimism on the technology industry and easing concerns over North Korea, while the dollar edged up to one-month high versus the yen. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1 percent, with many of the region’s markets reopening after a long holiday weekend. Japan’s Nikkei rose 0.3 percent. On Wall Street, although the Dow Jones […]
Since the emergence of the single market in Asean, many companies are expanding their markets outside of their home country whereas others are still struggling. Some firms have already entered neighbouring markets while others are looking even farther beyond the Asean Economic Community. Research shows that firms in different industries look at the AEC from different perspectives. For example, firms in the financial industry seem to support […]
US stock markets climbed higher on Monday, as bipartisan agreement over a US budget deal overpowered weak manufacturing data in the US and China, with European markets closed for the May bank holiday. The benchmark S&P 500 climbed 0.3 per cent by midday in New York on news of the budget deal, shrugging off an initial tumble when data from the Institute for Supply Management showed America’s […]
By Michel Rose and Sudip Kar-Gupta | PARIS PARIS Centrist presidential frontrunner Emmanuel Macron and his far-right rival Marine Le Pen attacked each other’s visions of France and the role it should play in Europe on Monday against a background of May Day rallies and protests. Macron sought for a third successive day to paint National Front (FN) candidate Le Pen as an extremist, while she portrayed […]
Vienna is different. That is what Austrians say about their own capital, but it is hard to understand what makes the city so special, until experiencing the wonder of it for yourself. Though Vienna is renowned as a city of tradition with a glorious past, being home to some of the most influential musicians, philosophers and scientists of all time, Vienna today is a must-visit destination in […]
Dubai, United Arab Emirates – 1 May 2017 It might take the Arab World 15 years to rebuild from the destruction caused by the Arab Spring, experts said at the Arab Media Forum on Monday. “It might take the countries at least 15 years to rebuild their economies and societies affected by the so-called Arab Spring – or what I call the Arab Destruction – that caused […]
DUBAI: Arab League chief Ahmed Abul Gheit warned Monday that Iran and Israel were the main beneficiaries of turmoil across the Arab world, which he described as the worst he has ever seen.“I have never seen anything worse than what we are now seeing,” Abul Gheit said at the Arab Media Forum in Dubai.“Iran is enjoying what the Arab world is going through. There are those in […]
Authored by Mark Melin via ValueWalk.com, Bullish on oil, Andurand Commodity Fund Manager Pierre Andurand looks around the world for justification of his long exposure. Since the start of 2017, patience has been emphasized by the famous French oil trader, perhaps best known for his previous BlueGold Global Fund management, who is now struggling with an -11.6% loss year to date as of March and is in the […]
STOCKHOLM Swedish authorities arrested a man brought in for questioning about possible arson on Monday after a fire damaged a Shi’ite mosque on the outskirts of Stockholm overnight, a police statement said. Nobody was injured in the fire in the Jarfalla suburb of the Swedish capital. Police said the man had been placed under arrest but gave no further information. It did not identify the suspect. Swedish […]
At least 27 people were injured and some needed surgery for fractures after their flight encountered “severe turbulence”. The Boeing 777 flight from Moscow to Bangkok got into difficulty 40 minutes before landing in the Thai capital, according to Russian airline Aeroflot. Among the injured were 24 Russian nationals and three Thai. One passenger reported broken noses and babies “covered in bruises”, while adding “several people have […]
Dubai, United Arab Emirates, 01 May 2017 The AACE International Conference and Exhibition 2017 under the theme protecting capital investment through project cost control and risk management was inaugurated today and attended by 40 distinguished speakers and 500 delegates from across the region and different countries. The conference promotes the best practices in the field of cost and risk management. An exhibition was organized in conjunction with […]
