CAIRO — Voters around the capital lined up Monday morning to cast ballots in an election universally expected to make Abdel Fattah el-Sisi the next president of Egypt, turning out to show their support in a contest where turnout is the biggest question. In an interview on a pro-Sisi talk show Sunday evening, Abdel Aziz Salman, the general secretary of the High Presidential Election Commission, said that […]
Millions of Egyptians are due to elect their third president in as many years, in a race largely expected to be won by the country’s former army chief. The two-day vote, which began on Monday, pits retired field marshal Abdel Fattah el-Sisi , who enjoys widespread popularity in the country of 90 million, against left-wing candidate Hamdeen Sabahi . A former legislator and long-term Nasserist activist, Sabahi […]
General Prayuth Chan-ocha, leader of Thailand’s coup, says he has received the endorsement of King Bhumibol Adulyadej formalising his status as head of government, after the armed forces seized power last week. The army chief gave his first address to the nation on Monday, saying that he will enforce law firmly in order to improve the political situation in the country. “The most important thing right now is to […]
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 […]
Far-right and anti-European Union parties have made sweeping gains in the European Parliament elections held over the 28 member states. Voters in 21 of the EU’s states went to the polls on Sunday, choosing members for the bloc’s 751-seat legislature. The other seven countries in the bloc had already voted in a sprawling exercise of democracy that began on Thursday in the United Kingdom and the Netherlands. […]
|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 […]
Asian shares hit one-year high on Monday thanks to a strong session on Wall Street and a decisive win for billionaire Petro Poroshenko in Ukraine’s presidential election. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.15 percent while Japan’s Nikkei share average gained 0.7 percent to hit one-month high. Investors took their cue from upbeat U.S. hosing data on Friday, with sales of new single-family homes […]
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 […]
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 […]
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 […]
JERUSALEM — Pope Francis inserted himself directly into the collapsed Middle East peace process on Sunday, issuing an invitation to host the Israeli and Palestinian presidents for a prayer summit at his apartment in the Vatican in an unexpected overture that has again underscored the broad ambitions of his papacy. Francis took the extraordinary step in Bethlehem, where he became the first pontiff ever to fly directly […]
Indian-born economist Arvind Panagariya, who is widely expected to take a top advisory role in prime minister-elect Narendra Modi’s government, wants its first budget to boost capital spending even at the risk of a higher fiscal deficit. Panagariya, 61, whose market-friendly, pro-growth economics has helped shape Modi’s outlook, told Reuters in an interview that higher spending is critical to India’s economic revival. Modi swept to power on […]
CAIRO — Abdel Fattah el-Sisi, the former army officer soon to be Egypt’s president, promises to remedy Egypt’s crippling fuel shortage by installing energy-efficient bulbs in every home socket, even if he has to send a government employee to screw in each one. “I’m not leaving a chance for people to act on their own,” Mr. Sisi said in his first and most extensive television interview. “My […]
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 — Waving to television cameras and assembled dignitaries, President Michel Suleiman departed the presidential palace on Saturday, the last day of his six-year term, leaving behind a political vacuum caused by the failure of the country’s political powers to agree on a successor. The vacancy in the president’s office is the most recent crisis in Lebanon’s fragile political system, which relies on agreements among the […]
The judicial authorities in Iran appeared to harden their clampdown on expression Friday, moving to block Instagram, imprisoning the director who made the now-famous Iranian version of the Pharrell Williams “Happy” video and warning women to comply with a police campaign on the proper wearing of mandatory headscarves. Taken together, the developments suggested that the country’s Islamic bureaucracy was alarmed over any perception of permissiveness that may […]
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 […]
Investors built up the largest bullish bets on rupee in more than two years in recent weeks, while sentiment on the Thai baht turned the most sour in three months, a Reuters poll showed on Thursday, as the countries’ political fortunes turned in markedly different directions. Long positions in the Philippine peso and the Malaysian ringgit rose to their highest levels in more than one year as […]
|TAP Special|Travelex, which has been acquired by leading UAE businessman Dr. B. R. Shetty along with his partners associated with Centurion Investments, will continue to operate independently of UAE Exchange. The acquisition, to be effected through BRS Ventures & Holdings Limited, a company owned by Dr Shetty and equity partners associated with Centurion, is subject to customary regulatory and other approvals and consents. The acquisition will not […]
In the world’s biggest country, railways are still a route to riches. With nearly 1 billion passengers a year and $42 billion in annual sales, the state company Russian Railways is a giant commercial opportunity. At its head is Vladimir Yakunin, an old friend and long-standing ally of President Vladimir Putin. He oversees a company that strikes international deals, issues bonds to major investors and plans hugely […]
Western Sahara Viewed From International Space Station | NASA Western Sahara Viewed From International Space Station On May 23, 2014, Expedition 40 Commander Steve Swanson posted this photograph — taken from the International Space Station — to Instagram. Swanson noted, “Western Sahara – the contrast between the sand and the water is spectacular from here.” Swanson uploaded the first image from space to Instagram on April 7. […]
CAIRO — The former general who is universally expected to win a landslide victory in next week’s presidential election has the support of only a narrow majority of Egyptians, according to a poll released Thursday by the Pew Research Center. The poll is the most significant measurement of Egyptian public opinion since the former general, Abdel Fattah el-Sisi, led the ouster last summer of President Mohamed Morsi […]
BEIRUT, Lebanon — Government forces broke through a protracted rebel siege of one of Syria’s largest prisons on Thursday, dealing yet another blow to their opponents and highlighting the suffering that the country’s war has brought to those caught between the warring parties. Islamist rebels, including members of the Nusra Front, Syria’s Qaeda affiliate, surrounded the Aleppo central prison more than a year ago and had repeatedly […]
Islamic finance has been one of the fastest-growing sectors in global finance but the industry has yet to shake off perceptions about high costs and complexity that are holding back some issuers. Sukuk, or Islamic bonds that follow religious principles such as a ban on interest and speculation, are now a major funding tool for companies in the Middle East and southeast Asia, and are becoming increasingly […]
