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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 […]

Video | Syria: Brides of Peace The sisters Kinda and Lubna Zaour walked through the main souk in Damascus dressed as brides, a symbol of love and peace. They were arrested almost immediately. By ANNE BARNARD June 7, 2015 BEIRUT — The blurry pictures circulating on social media showed several women in white, dressed as brides, standing shoulder to shoulder in a covered market in the old city of […]

Political unrest dents business confidence in region DUBAI, 3 days ago Political turmoil and instability in the region have led to a drop in business confidence in the UAE and Middle East in the first quarter (Q1) of 2015, according to a new survey of finance professionals. The Global Economic Conditions Survey for the first quarter of 2015, carried out by ACCA (the Association of Chartered Certified […]

BAHRAIN. Fitch Ratings has downgraded Bahrain’s Long-term foreign currency Issuer Default Rating(IDR) to ‘BBB-‘ from ‘BBB’ and Long-term local currency IDR to ‘BBB’ from ‘BBB+’. The Outlooks are Stable. The issue ratings on Bahrain’s senior unsecured foreign and local currency bonds have also been downgraded to ‘BBB-‘ from ‘BBB’ and ‘BBB’ from ‘BBB+’, respectively. The agency has simultaneously affirmed Bahrain’s Country Ceiling at ‘BBB+’ and Short-term foreign […]

ABU DHABI // Want to save the environment? Start by cleaning your plate. That’s the message dozens of youngsters heard yesterday as part of United Nations World Environment Day activities hosted by Tadweer at Yas Mall. The theme set by the UN for this year’s edition of the annual international campaign, which was commemorated around the world on Friday and aimed at raising awareness and action towards […]

Customer Hajime Shimada uses his newly purchased Apple Watch in front of Dover Street Market Ginza in Tokyo April 24, 2015. Reuters/Issei Kato NEW YORK When Maximo Cavazzani, creator of the popular mobile game Trivia Crack, learned about Apple Inc’s (AAPL.O) plan for a new smart watch, it seemed like a logical step to adapt his game for the new product. But the little watch had some […]

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UAE. The Global Economic Conditions Survey for the first quarter of 2015, carried out by ACCA (the Association of Chartered Certified Accountants) and IMA (the Institute of Management Accountants) also shows that while lower oil prices have helped oil-importing nations such as the USA and Europe, they have undermined performance in many net oil-exporting regions such as Asia Pacific and the Middle East.  Confidence has dipped in […]

UAE. Merger and acquisition (M&A) activity and stakebuilding is gaining momentum in the Middle East as financially strong and profitable insurers seek to deploy surplus capital to broaden their profiles and satisfy shareholders’ expectations. The market is ripe for consolidation as medium-size players seek to maintain their market positions, while many smaller insurers in particular struggle with profitability, owing to their high expense bases. In a new […]

President Obama met with Prime Minister Haider al-Abadi of Iraq in April at the White House. By JULIE HIRSCHFELD DAVIS June 4, 2015 WASHINGTON — President Obama will meet on Monday with Prime Minister Haider al-Abadi of Iraq to discuss the military campaign against the Islamic State, White House officials said on Thursday, as the militant group continues to make gains despite an American-led counteroffensive. The two men met at the […]

By ISABEL KERSHNER June 4, 2015 JERUSALEM — A growing global pro-Palestinian movement to boycott Israel instantly created a national furor on Thursday after the top executive of Orange, a leading French telecommunications company, said he would withdraw from the Israeli market if he could. The Facebook page of an Israeli company, Partner Communications, which has a license to use the Orange brand, was filled with customer complaints demanding […]

By MICHAEL D. SHEAR June 2, 2015 WASHINGTON — A senior State Department official held talks last week with the Houthi rebels of Yemen, opening a new round of diplomacy aimed at persuading the warring factions in that country to participate in a peace conference in Geneva, American officials said Tuesday. The meetings came just before the release on Monday of Casey L. Coombs, an American freelance journalist who had […]

By KAREEM FAHIM and RICK GLADSTONE June 1, 2015 CAIRO — Houthi rebels in Yemen on Monday released an American freelance journalist who had been in their custody for about two weeks, the State Department and the journalist’s family reported. The journalist, Casey L. Coombs, one of several Americans believed to be held by the Houthis, was freed as a video was released and published online of Isabelle Prime, a Frenchwoman […]

By KAREEM FAHIM and RICK GLADSTONE June 1, 2015 CAIRO — Houthi rebels in Yemen on Monday released an American freelance journalist who had been in their custody for about two weeks, the State Department and the journalist’s family reported. The journalist, Casey L. Coombs, one of several Americans believed to be held by the Houthis, was freed as a video was released and published online of Isabelle Prime, a Frenchwoman […]

Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, on Sunday took part in the graduation ceremony of the second intake of National Defence College students. The event in the capital was attended by other officials including Sheikh Saif bin Zayed, Deputy Prime Minister and Minister of Interior, and Sheikh Nahyan bin Mubarak, Minister of Culture, Youth and Community Development. Sheikh Mohammed congratulated the graduates for […]

Pakistani volunteers tried to identify the bodies of some of the 22 people killed Friday night in attacks in Baluchistan. By SALMAN MASOOD and ZIA ur-REHMAN May 30, 2015 ISLAMABAD, Pakistan — Tensions were running high on Saturday in southwestern Pakistan after dozens of heavily armed gunmen, wearing the uniforms of security forces, stopped two buses, singled out ethnic Pashtuns and fatally shot at least 22 of them on Friday night. […]

UAE.  The depressed oil prices predominant since late last year could herald a lasting trend if, as evidence suggests, we are now facing the low-price segment of an oil ‘super cycle’, according to the latest paper from global strategy and management consulting firm A.T. Kearney. This new situation would pose both challenges and opportunities to Middle East companies and countries. There is still much volatility in the […]

World Briefing By TIM ARANGO May 29, 2015 BAGHDAD — The Islamic State claimed responsibility on Friday for car bombings that struck two luxury hotels in Baghdad, which a security official said had killed 14 people and wounded 25. The bombings took place in the parking lots of the hotels around midnight Thursday amid the busy social swirl of the start of the weekend here, highlighting the ability of […]

DP World to start USD bond meetings Thursday DUBAI, 23 days ago DP World, one of the world’s biggest port operators, will hold meetings with investors in the United States, Britain and the UAE from Thursday before a possible benchmark US dollar bond issue, a document from lead managers showed on Tuesday. Benchmark size is usually taken to mean at least $500 million. Sources aware of the […]

Mena M&A value rises 9pc to $8.9bn in Q1 DUBAI, 23 days ago Announced deal value in Mena increased to $8.9 billion in the first quarter (Q1) of 2015 from $8.2 billion during the same period last year, marking an increase of 9 per cent, a report said. In Q1 2015, 90 deals were announced as compared with 89 deals in Q1 2014, according to the Q1 […]

Op-Ed Contributor By NICHOLAS MCGEEHAN May 28, 2015 LONDON — On May 11, the Lebanese artist Walid Raad was turned away at the airport when he tried to enter the United Arab Emirates, where the government is making a big investment in art with the Saadiyat Island project. The project, in the capital, Abu Dhabi, will include branches of the Louvre and the Guggenheim as well as a campus […]

Foreigners can buy into Saudi IPOs on case-by-case basis RIYADH, 22 days ago Foreigners will be allowed to buy directly into initial public offers (IPO) of shares in Saudi Arabian companies on a case-by-case basis, the chairman of the Saudi Capital Market Authority said on Tuesday. The CMA announced on Monday rules allowing foreign institutions to begin investing directly in the stock market, subject to restrictions such […]

UAE. The private equity market in the Middle East has matured in the last five years in terms of deal structures, volumes and values, according to speakers at a debate organised by ICAEW’s Corporate Finance Faculty in the UAE. ICAEW members and guests gathered at Jumeirah Emirates Towers in Dubai last week (Wednesday, 20th May) to discuss private equity in the region. The event, sponsored by Merrill […]

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