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INTERNATIONAL. Global bank rating trends were negative again in 1H16 for the fourth consecutive negative six-month period, says Fitch Ratings. The global distribution of Outlooks deteriorated in 1H16 as Negative Outlooks (22%) far outweighed Positives (5%), a level not seen since 2009. Emerging market (EM) banks experienced the majority of negative ratings trends, heavily influenced by rating actions in Brazil, Russia, Saudi Arabia and Nigeria. In EMs, […]

CAIRO — Seven people were killed in Saudi Arabia when a missile fired from Yemen struck a commercial district in the city of Najran, the kingdom’s official news media confirmed on Wednesday. The attack, on Tuesday evening, appeared to have been carried out by Houthi militias in northern Yemen in retaliation for a series of deadly airstrikes by the Saudi-led military coalition on Monday and Tuesday. Those […]

MOSCOW — Russia launched a fleet of bombers bound for Syria on Tuesday from an Iranian air base, becoming the first foreign military to operate from Iran’s soil since at least World War II. Russian use of the base, with Iran’s obvious support, appeared to set back or at least further complicate Russia’s troubled relations with the United States, which has been working with Russia over how […]

CAIRO — An airstrike on a residential area near the Yemeni capital, Sana, on Tuesday killed 17 civilians, most of them women and children, as international criticism continued to build over a deadly bombing the day before of a hospital run by Doctors Without Borders. Residents of a village in Nehem District, northeast of the capital, said that warplanes from the Saudi Arabia-led military coalition fighting on […]

By HWAIDA SAAD and ROD NORDLAND August 14, 2016 BEIRUT, Lebanon — Fighting in Aleppo, Syria, killed dozens of civilians over the weekend, a high toll even for a city that has been the scene of intense fighting recently, a monitoring group said on Sunday. Government and Russian airstrikes and artillery bombardment of opposition neighborhoods and the outskirts of the city on Saturday killed 46 civilians, according to the Syrian Observatory […]

By ROD NORDLAND and ERIC SCHMITT August 13, 2016 CAIRO — American military drones monitored Islamic State militants loading up hundreds of cars, buses and trucks with fighters and civilians and fleeing the city of Manbij, Syria, on Friday, as Syrian rebels advanced and the extremists lost yet another stronghold. On Wednesday, the Libyan city of Surt, held by the Islamic State for more than a year, also fell to pro-government […]

By SHUAIB ALMOSAWA and ROD NORDLAND August 13, 2016 SANA, Yemen — Airstrikes carried out by warplanes from a military coalition led by Saudi Arabia killed at least 19 people, mostly children, on Saturday in a residential area and a school in northern Yemen, witnesses and hospital officials said. One bombardment in the village of Birken in the Razih District, near Yemen’s northern border with Saudi Arabia, struck the home of […]

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|Arabian Post Special| Sale of gold jewellery for cash is emerging as one of the major sources of gold supply and is accounting for almost a third of total supplies to the market this year. According to the World Gold Council, the high price level of gold in recent times has taken its toll on the jewellery sector and conversely recycling has sparked into life. Jewellery consumers […]

By ISABEL KERSHNER August 12, 2016 KIBBUTZ SDE BOKER, Israel — The rare, intimate and reflective interview with Israel’s founding prime minister was filmed nearly 50 years ago, but it never aired. David Ben-Gurion, at 82 and five years out of office, spoke in the six-hour interview of state-building and the biblical prophets that guided him; the security imperative of his young nation and Israel’s quest for spiritual and […]

UAE.  While cybersecurity is one of the most prevalent issues of our time, the resulting impact of a cyber incident is still largely unproven. Recognizing the need of business leaders to have clarity around the enterprise-wide effect of such events, Deloitte the global leader in cyber risk advisory services, released: “Beneath the surface of a cyberattack: A deeper look at business impacts,” a risk-based report outlining the […]

INTERNATIONAL. The future for many young people across the Middle East and North Africa looks bleak. The World Bank records that 54% of the working age population in the Middle East and North Africa is unemployed with little prospect of any positive immediate change. An average of 28.7% of 15 to 24-year-olds in the Middle East and 30.6% of those in North Africa are unemployed according to […]

ABU DHABI // Pupils from the GCC are less likely than their expatriate peers to consider science as necessary to future employment, a new study has found. And the more educated GCC parents are, local pupils are more likely to believe they do not need science, technology, engineering and maths (Stem) skills to get their desired job later in life. Family connections are often considered more important […]

BAGHDAD — If there were one safe place in Iraq, it should be a hospital nursery, locked down for the night with dozens of babies nestled inside. But here, not even that is a given. When a fire started late Tuesday night in the maternity wing of one of Baghdad’s main hospitals, it quickly engulfed the babies’ room. And then, in another Iraqi tragedy in a horrifying […]

|By Arabian Post Staff| Marya Group, headquartered in Abu Dhabi, announced an increase to its investment portfolio, bringing the total invested to more than $ 1 billion. Marya Group focuses on making private and public equity investments in cash-generating business with strong fundamentals across core economic sectors that are resilient: education, health care, food and beverage processing as well as real estate. Its investments are centered on […]

JERUSALEM — Israeli prosecutors on Tuesday charged a Palestinian employee of the United Nations in the Gaza Strip with providing material assistance to Hamas, the Islamist group that controls the territory, including helping to build a jetty for its military wing. The accusations against the employee, Waheed Al Bursh, came after Israel leveled charges Thursday against a Palestinian employee of World Vision in Gaza, saying he had […]

The newest smartphones in Samsung’s Galaxy line come with contactless mobile payment capability. That’s good news when it comes to convenience, but it might be bad news when it comes to security. During a presentation given recently at the Def Con security conference in Las Vegas, a computer science student demonstrated a variety of attacks against Samsung Pay, Samsung’s mobile payment service. The attacks Mendoza described were […]

|By Arabian Post Staff| Ford Motor Company has terminated its dealership agreement with Kuwait’s Arabian Motors Group WLL for the Ford and Lincoln brands, a top functionary of the US carmaker confirmed. The company will now go with Alghanim Auto, with which it had a relationship since March this year as an official importer. Alghanim Industries is one of the largest privately-owned and professionally managed companies in […]

ABU DHABI // A pilot scheme to allow Filipinos working overseas to apply for an exit clearance each time they return home on holiday is to begin next month, officials announced on Monday. Those returning to the same employer and job site and listed on the electronic data base of the Philippine overseas employment administration (Poea) will no longer be required to secure an overseas employment certificate, […]

DUBAI // An American television network has been criticised by UAE residents after one of its anchors cited a report that Gems schools, based in Dubai, funded jihad. The comments, aired on a Fox Business Network show hosted by British-American Stuart Varney, were taken from a report from US political website The Daily Caller. Fox reiterated that the views were not that of the channel but of […]

SANA, Yemen — A pharmacist, Sadam al-Othari, had a firsthand look at the results of the collapse in peace talks in Yemen between the Saudi-led military coalition and Yemeni militias over the weekend when a bomb exploded outside his drugstore, killing a customer and his young son and wounding Mr. Othari. The customer and his son were among 18 Yemeni civilians killed when coalition warplanes bombed Al […]

When Shahram Amiri emerged from the shadows into the spotlight six years ago, he was a young Iranian scientist who suddenly appeared on YouTube from a safe house, telling a bizarre story of having been kidnapped by the Central Intelligence Agency. Then, in another video that quickly followed, his story changed: He had come to the United States voluntarily to study, but desperately missed his son back […]

BEIRUT, Lebanon — Rebel forces and their jihadist allies challenged the Syrian government’s siege of opposition-held districts of Aleppo over the weekend, seizing military facilities in the city’s southwest and tentatively opening a road to the besieged area. The government, backed in the skies by Russian jets and on the ground by fighters from the Lebanon-based Hezbollah militant group, pounded the area with airstrikes and artillery fire […]

UAE.  [ME NewsWire] –The latest Global Economic Conditions Survey (GECS) from ACCA and IMA, suggested positive signs for businesses in the GCC but a stark forewarning of how the shock of Brexit will hit a fragile recovery in global business confidence. Responding to the findings, Lindsay Degouve de Nuncques, head of ACCA Middle East said: “It is encouraging to see that our members’ business confidence has improved […]

WASHINGTON — The Syrian military was foundering last year, with thousands of rebel fighters pushing into areas of the country long considered to be government strongholds. The rebel offensive was aided by powerful tank-destroying missiles supplied by the Central Intelligence Agency and Saudi Arabia. Intelligence assessments circulated in Washington that the Syrian president, Bashar al-Assad, was losing his grip on power. But then the Russians arrived, bludgeoning […]

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