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It’s every chief executive’s dream: make a potentially game-changing acquisition and your biggest shareholder gives you a massive no-strings-attached grant to help seal the deal. That’s the reality Etisalat enjoys after the Abu Dhabi government gave the telco a $500 million grant to complete the $5.65 billion purchase of Vivendi SA’s 53% stake in Maroc Telecom, according to a new bond prospectus. “In connection with the acquisition, the group […]

Low voter turnout has been reported on the second and final day of Egyptian presidential elections, as former army chief Abdel Fattah el-Sisi is expected to emerge as the country’s next president. While the Egyptian government declared a national holiday for Tuesday in an effort to get voters to cast their ballots, an official with international monitoring group Global Network for Rights and Development reported that voter turnout […]

Alex Salmond’s miscalculation gave No voters a perfect excuse to vote Ukip Photo: Christopher Pledger/Telegraph Has Alex Salmond lost it? The question becomes especially pertinent in the light of the SNP leader’s extraordinary reaction to his party’s decidedly underwhelming result in the Euro-elections. It is one thing for party bosses to be disappointed when their charges perform less well than anticipated. However, it is entirely another when they […]

FUJAIRAH // Free health testing for women will be available this week at malls in Fujairah and Ajman. It is part of an initiative to raise awareness about cardiovascular disease – the number one killer of women not only in the UAE but across the world. The tests will include blood pressure, blood sugar, body mass index and cholesterol level checks. The Go Red for Women campaign […]

JERUSALEM — Pope Francis met with Israel’s Prime Minister Benjamin Netanyahu and President Shimon Peres Monday as he wrapped up his three-day trip to the Middle East. Netanyahu told the pope why he believes Israel needed to build a separation barrier around the West Bank city of Bethlehem. The Israeli prime minister said that when incitement and terror against Israel ends, there will not be a need […]

JERUSALEM — Pope Francis met with Israel’s Prime Minister Benjamin Netanyahu and President Shimon Peres Monday as he wrapped up his three-day trip to the Middle East. Netanyahu told the pope why he believes Israel needed to build a separation barrier around the West Bank city of Bethlehem. The Israeli prime minister said that when incitement and terror against Israel ends, there will not be a need […]

JERUSALEM — The intimate Mass to be celebrated by Pope Francis on Monday in the Cenacle, the hall on Jerusalem’s Mount Zion venerated by Christians as the room of the Last Supper, is intended to cap a Holy Land pilgrimage promoting peace and tolerance. But ancient rivalries lurk just beneath the flagstones here, and the pope’s visit has brought them to the surface. Also holy to Jews […]

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CAIRO — Helicopters hovered over parts of the Egyptian capital, Cairo, early Monday as voting in the two-day presidential election began. Security was tight in many neighborhoods. Police blocked off streets and parts of city blocks to protect voters at polling stations. More than 400,000 Egyptian police and army soldiers were deployed Monday for the election, and more than 14,000 judges are overseeing the vote at polling stations across […]

|By K Raveendran| It is indeed a milestone in the history of UAE’s expatriate business. The purchase of a controlling stake in Travelex by Dr B R Shetty is easily the biggest acquisition by an expatriate both in terms of its value and profile. It is also perhaps the biggest global brand acquired by a UAE-based Indian entrepreneur. There have been buyouts of higher values, but these […]

Even before his inauguration, India’s Prime Minister designate Narendra Modi made waves on the global stage, where once he was treated by many with suspicion – and by some as a pariah – for a rash of Hindu-Muslim violence that erupted 12 years ago in Gujarat, the state he ruled. Modi, 63, has spoken with the presidents of the United States and Russia, and he has become […]

DAMASCUS, Syria — For Younes al-Nasr, a lifelong train lover, the Hejaz railway station here in the heart of the Syrian capital is a repository of shelved ambitions. Every day, Mr. Nasr, 68, a Transportation Ministry employee, pads around his offices in the Ottoman-era building, where light filters through red, yellow and blue stained glass. He imagines the past — the few short years a century ago […]

ABU DHABI, United Arab Emirates — Former President Bill Clinton said on Sunday that he believed that New York University and the Abu Dhabi government would conduct a thorough investigation into worker rights abuses at the university’s new campus here in the country’s capital. Delivering the first graduation speech at the campus, Mr. Clinton said the controversy had “dominated the coverage” of the university during the days […]

ABU DHABI // Taxi drivers are considered the most dangerous drivers on the road, the survey reveals. Of the 1,208 residents polled, 32 per cent said they considered cabbies to be the most dangerous, followed by young drivers (26 per cent) and lorry drivers (22 per cent). Sameer Afridi, 27, a Pakistani driver who works for Al Ghazal Taxi, one of the six franchise-holding companies in Abu […]

The referendum on whether Scotland should be an independent country will take place on September 18, 2014 Photo: Getty Images Alex Salmond has based his campaign to break up the Union on the idea that the creation of an independent Scotland will be as cost-free and friction-free as possible. But as the referendum approaches, that idea grows less tenable by the day. This week, for example, the Treasury […]

Officials in northern Iraq say a car bomb targeting a liquor store has killed 11 people and wounded more than two dozen others. Authorities say the blast happened Saturday in the al-Wassiti neighborhood in the city of Kirkuk, about 270 kilometers north of Baghdad. Militants often target nightclubs, liquor stores and brothels because they want to impose a strict interpretation of Islam in Iraq. The attack comes […]

ON THE EAST BANK OF THE JORDAN RIVER — After visiting a site on Saturday where Jesus is believed to have been baptized, Pope Francis spoke about Jesus’s humility, “the fact that he bends down to wounded humanity in order to heal us.” So when some burly men prepared to carry a doctor in a wheelchair up four steps to the stage for a blessing, perhaps it […]

BEIRUT, Lebanon — Rebels in southern Syria killed more than 20 people in a mortar attack on a tent put up as part of presidential elections next month, antigovernment activists said on Friday. The overnight attack appeared to be the first by opponents of President Bashar al-Assad directly targeting the election and raised the specter of further rebel assaults on rallies and other events. The vote, scheduled […]

Let’s analyze what we should be careful about in the midst of the recent eBay hacking scandal. There are many lessons that can be learned from the incident about our privacy and security online.(Photo : Brian Cantoni I Flickr) As many of us have already found out, eBay was recently hacked while asking users to change their information and passwords. The question, however, is what we have […]

Orthodox Jews protested against the forthcoming visit of Pope Francis to Jerusalem. Josh Mitnick/Wall Street Journal Pope Francis wants to spur interfaith tolerance during a trip to the Holy Land, but a planned Papal mass at a Jerusalem holy site is stoking the embers of religious rivalry that have plagued the city for centuries. Just days before the Pope’s arrival, hundreds of religious Jews turned out at […]

Daraa, Syria TEXT SIZE – + May 23, 2014 3:21 AM Syrian activists say rebels have killed at least 21 people at a campaign rally for President Bashar al-Assad in the southern city of Daraa. The Syrian Observatory for Human Rights says the rebels shelled a tent where Assad’s supporters had gathered late Thursday. The Observatory’s Rami Abd al-Rahman told VOA the victims include both civilians and pro-Assad militiamen. “Twenty-one […]

The surge in oil prices driven by Chinese demand has added $1 trillion to output in the Gulf Cooperation Council countries over 10 years, according to HSBC Holdings Plc. The six-member bloc’s gross domestic product increased to $1.7 trillion between 2003 and 2013, bringing per capital GDP to an average of $35,000, HSBC said in a report on the effect of a “globalizing China” on the Middle […]

Etihad Airways had access to an interest-free $3 billion loan from Abu Dhabi’s ruling family, the Australian Financial Review newspaper said on Thursday, prompting criticism from rivals that have long complained of state support for the carrier. Citing what it said were leaked documents prepared for prospective financiers in 2011, the newspaper said the loan for government-owned Etihad required no repayments until 2027. The airline, which also […]

Uber San Francisco-based Uber — a smartphone app that connects passengers with cars for hire — officially launches in the Saudi capital Riyadh today after three months of beta testing, entering a new market with some unique opportunities. Saudi Arabia is a country with virtually no public transport and where half of the population — women — is not allowed to drive. Many of the regular cabs available […]

UNITED NATIONS — The Security Council is scheduled to vote Thursday on a resolution that would ask the International Criminal Court to investigate war crimes in Syria. Russia is certain to veto the resolution. Its Western rivals are equally certain to seize on that veto in an attempt to isolate the Kremlin diplomatically. Supporters of the resolution, which was drafted by France, have spent days drumming up […]

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