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Emaar approves Development buyout ahead of planned delisting // The “1st Greater Bay Area Health and Longevity Summit & Awards Ceremony” concludes successfully in Macao // e-Crime Bureau Signs Cybersecurity Partnership With Smart Africa, Reinforcing Its Global Expansion // Oil advances towards $100 as tanker attacks persist // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction for Gasoline-Powered Vehicles // Kochi police detain two actors over bid to honey trap doctor // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction Vision for Gasoline-Powered Vehicles // Emirates Group records AED 4.1 billion half-year profit // Oil and chip shares retreat after Democratic victories // Trump’s Iran War Has A Share Of Contribution To His Midterm Debacle // Hong Kong mandates crypto transaction disclosures to tax authorities // Private varsities bill all set to face the axe // OpenAI identifies 948 Linux privilege escalation flaws using AI // OpenAI abandons secrecy agreements for future data centres // Ningbo Consensus on Collaborative Development released at 2026 Global Mayors Dialogue · Ningbo // OpenAI introduces GPT-6 Cyber with restricted security access // Technology shares plunge as Nasdaq enters correction // TVM –Mangaluru Vande Bharat claims top spot // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // Xi Jinping Preparing For A Trilateral Summit With Trump And Putin At APEC Summit On Nov 18-19 //

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A Pakistani court indicted Pervez Musharraf in the 2007 assassination of former Prime Minister Benazir Bhutto, escalating legal challenges to the ex-military dictator since he ended his self-exile in March. A judge read out charges that Musharraf was complicit in Bhutto’s killing as he failed to provide adequate security at a political rally she was attending, state-run Pakistan Television reported, citing court proceedings. Six other people were […]

India’s biggest stock-market swings in 16 months are poised to continue, boosting options prices as the prospect of reduced Federal Reserve stimulus spurs further weakness in the rupee, according to JPMorgan Chase & Co. The CNX Nifty index has retreated 10 percent during the past month and the gauge’s 30-day historical volatility reached 21.1 yesterday, the highest level since April 2012, according to data compiled by Bloomberg. […]

(Reuters) – In his full-throated cry of support for the Egyptian authorities, Saudi King Abdullah on Friday described street protests by the Muslim Brotherhood as representing “terrorism and sedition”. That stark view of a crisis that has killed hundreds in the past week shows why the world’s top oil exporter will continue to back Egypt’s crackdown on the Brotherhood even while its Western allies try to convince […]

CAIRO — More violence is expected in Egypt after chaos swept through the country last week, leaving nearly 900 dead in four days of unrest and threatening to stall a political transition. Egypt “is on a course for an incurable cycle of violence,” said Michael Wahid Hanna, a senior fellow at the New York-based Century Foundation. “I don’t know if we’re very far off from seeing suicide […]

(Reuters) – General Motors  and German chemicals firm BASF  reopened facilities in Egypt on Sunday while Electrolux (ELUXb.ST) said it would partly resume operations on Monday. Electrolux, the world’s second-biggest home appliances maker with nearly 7,000 employees in Egypt, suspended production in Egypt on Wednesday due to the unstable security situation. The Swedish company, with around 10 production facilities on the outskirts of Cairo, said it was […]

RIYADH – Healthcare spending in Saudi Arabia is expected to grow by 10.3 percent this year to SR98 billion over 2012’s SR88.9 billion. The Saudi government has announced that major projects involving healthcare, along with other key sectors such as education, will get additional funding and strong governmental focus in the coming months. At the same time, the Kingdom’s IT expenditure is projected to increase by around […]

(Reuters) – Iran has installed 18,000 uranium-enrichment centrifuges, the country’s outgoing nuclear chief was quoted as saying by Iranian media on Saturday. The U.S. and its Western allies are pressing Iran to curb its uranium enrichment program, which they suspect is aimed at developing a nuclear weapons capability, but Iran refuses and insists its nuclear activity is for purely peaceful purposes. New Iranian President Hassan Rouhani, a […]

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(Reuters) – By canceling a military exercise with Egypt but not cutting off U.S. aid, President Barack Obama sought on Thursday to show his displeasure at the Egyptian army’s violent crackdown on protesters – without totally alienating the generals. Obama announced the move a day after at least 623 people were killed, according to Egypt’s Health Ministry, as troops and police used force against protesters seeking the […]

AMMAN — Representatives of IT companies in Jordan said they will be forced to move their headquarters out of the Kingdom if a proposed income tax law is endorsed. They said the increase in electricity prices this week and the government’s intention to increase IT companies’ income tax from 14 per cent to 25 per cent will be “disastrous”, making Jordan no longer an ICT hub. “The […]

Gold traders are the most bullish in five months on signs that demand for coins and jewelry increased during a plunge in prices that prompted billionaire investor John Paulson to cut his holding for the first time since 2011. Thirteen analysts surveyed by Bloomberg expect prices to rise next week, four were bearish and five neutral, the highest proportion of bulls since March 8. Consumer buying of […]

(Reuters) – The Dubai-based investment firm that bought English soccer club Leeds United in December after lengthy negotiations sold more than half of its 100 percent holding less than six months later, financial statements show. GFH Capital, a subsidiary of Bahraini Gulf Finance House, offloaded a 10 percent stake to Bahrain-based International Investment Bank earlier this year and its second quarter financial statement showed it had now […]

By David Kirkpatrick CAIRO — Gathering Thursday morning around a mosque used as a morgue for hundreds killed the day before, many Islamists waited confidently for a surge of sympathetic support from the broader public. But it failed to materialize. With their leaders jailed or silent, Islamists reeled in shock at the worst mass killing in Egypt’s modern history. By Thursday night, health officials had counted 638 […]

(Reuters) – Egypt’s Muslim Brotherhood said on Thursday it would bring down the “military coup” but stressed it remained committed to a peaceful struggle, despite the heavy loss of life when government forces broke up its protest camps. The crackdown on Wednesday defied Western appeals for restraint and a peaceful, negotiated settlement to Egypt’s political crisis following the military’s removal of Islamist President Mohamed Mursi last month, […]

Reuters:  Saudi Arabia’s King Abdullah’s disdain for Iran leaps from U.S. embassy cables. “May God prevent us from falling victim to their evil,” he told U.S. officials, according to a cable released by WikiLeaks. According to another, he told his own diplomats he wanted Washington to “cut off the head of the snake”. On the other side of the Gulf, Iran’s contempt for Saudi Arabia crackles through […]

BEIJING/MOSCOW (Reuters) – China’s biggest energy firm PetroChina will join Exxon Mobil in developing Iraq’s giant West Qurna oilfield and is in talks with Lukoil to buy into a second project at the field, industry sources said on Friday. China is already the top foreign player in Iraq’s southern oilfields and a deal at West Qurna would boost its dominance and could make PetroChina the biggest single […]

Aug 8 (Reuters) – Looking beyond the problems of a region beset by regime change in Egypt, a security crisis in Yemen and civil war in Syria, international investors are seeking out well-run businesses in Middle Eastern and even some North African stock markets. The Middle East and North Africa (MENA) region is a diverse investment universe which includes both energy importers and exporters, and surplus and […]

The UAE Banks Federation has announced its firm support for the successful implementation of the UAE’s m-Government initiative, announced earlier this year by His Highness Shaikh Mohammad bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai. The UAE Banks Federation (UBF) has formed a committee comprising representatives of Abu Dhabi Commercial Bank, Mashreq Bank, Abu Dhabi Islamic Bank, Emirates NBD, National Bank of […]

RAK Airways has commenced its operation to Amman and Islamabad. The launch flight to Amman, Jordan, was inaugurated with rose flowers by Sheikh Salem bin Sultan Al Qasimi, Director of Civil Aviation, Ras Al Khaimah and Vice Chairman of RAK Airways as well as Murabit Al Sawaf, President and CEO of the airline. Speaking on the launch, Al Sawaf said, “Amman is our 11th destination and this […]

By Gerald Al Fil While the comeback of stock market rallies investment banking, the Shari’ah-compliant industry faces its toughest test since it entered its boom phase a decade ago. I got puzzled when I received a tweet from @Worldmuslimnews on May 11 saying “Islamic finance is out”. Are issuances of Islamic bonds (sukuk) not going through the roof as we can read day by day? Could first […]

CHICAGO (Reuters) – Russell Wasendorf Sr was arrested on Friday after allegedly stealing more than $100 million from clients of his now-bankrupt brokerage PFGBest, using little more than a rented P.O. Box, Photoshop and inkjet printers to dupe regulators for decades. In the dramatic conclusion to a week-long drama that has shaken trader confidence in the trillion-dollar U.S. futures markets, FBI agents arrested Wasendorf, 64, at the […]

Despite the recent run of disappointing economic data, a broad range of experts and forecasters expect the economy to improve slightly in coming months, thanks to lower oil prices and new signs of life from sectors like automobile sand housing. Call it a firming up, if not quite a comeback. Economists at many of the most-watched forecasting organizations, both public and private, expect growth to pick up […]

Europe’s debt crisis has many American investors closely watching the euro. Since the euro can impact U.S. investors, Americans should be aware of the euro’s worth. Chuck Butler, president of EverBank World Markets and author of The Daily Pfennig, explained that if the euro is trading around $1.2950 (as it was on May 9, 2012), 100 euros would be worth $129.50. If the euro falls 1 percent, […]

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Just in:
Trump’s Iran War Has A Share Of Contribution To His Midterm Debacle // OpenAI abandons secrecy agreements for future data centres // UK air traffic outage inflicted £33m financial losses // Oil advances towards $100 as tanker attacks persist // CR Longdation Aethereal Cybersecurity × Global Cybersecurity Alliance (GCSA) Join Hands to Establish the “AI and Cybersecurity Research Centre” // Kochi police detain two actors over bid to honey trap doctor // OpenAI introduces GPT-6 Cyber with restricted security access // Xi Jinping Preparing For A Trilateral Summit With Trump And Putin At APEC Summit On Nov 18-19 // Hong Kong mandates crypto transaction disclosures to tax authorities // Ousted top Kochi cop gets IG post // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction for Gasoline-Powered Vehicles // Millions Of Indians May Soon Be Deprived Of Government Assistance // e-Crime Bureau Signs Cybersecurity Partnership With Smart Africa, Reinforcing Its Global Expansion // TVM –Mangaluru Vande Bharat claims top spot // APT29-linked campaign exploits outdated Apple and Android software // Private varsities bill all set to face the axe // Emirates Group records AED 4.1 billion half-year profit // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // Beyond the exhibition floor: How robots, AI and networks are moving into the real world // Emaar approves Development buyout ahead of planned delisting //