ABU DHABI // The UAE has an important role in uniting Arab countries behind issues such as the Syrian crisis, a conference heard on Monday. Amr Moussa, former secretary general of the Arab League and Egyptian minister of foreign affairs said it was crucial that Saudi Arabia and Egypt should overcome their differences and share the same foreign policy objectives. “We need to get serious now. Even […]
Abu Dhabi, November 14, 2016: Abu Dhabi Islamic Bank (ADIB) and Thomson Reuters announced today the winners of the 4th edition of the Ethical Finance Innovation and Challenge Awards (EFICA). Tirad Al Mahmoud, Chief Executive Officer of Abu Dhabi Islamic Bank (ADIB) presented The EFICA Lifetime Achievement Award to the former governor of Malaysia’s Central Bank, Dr Zeti Akhtar Aziz for her pivotal role in developing the […]
Photo Members from the Free Syrian Army take part in a battle in northern Syria last month against Islamic State fighters. Credit Nazeer Al-Khatib/Agence France-Presse — Getty Images BEIRUT, Lebanon — The hours are ticking down to what the Syrian government and its main ally, Russia, say could be the most devastating aerial assault yet on besieged rebel-held districts in the Syrian city of Aleppo. The Obama […]
|By Arabian Post Staff|The online shopping experience in the Middle East will forever be changed with the launch of Noon in January. The region’s largest-ever ecommerce company, Noon will be a driver of innovation which will offer a vast product selection and fast delivery across all categories. With an initial investment of US$1 billion, Noon will launch in the UAE and KSA markets and will soon cover […]
RIYADH: Foreign ministers from the six-nation Gulf Cooperation Council (GCC) will this week hold a meeting to draw up the agenda for a summit to be attended by the heads of GCC countries early next month in Bahrain. Collective security, military affairs, regional conflicts and common market as well as falling oil prices will make the agenda of the ministerial meeting.This GCC ministerial meeting, the first after […]
|By Arabian Post Staff|The online shopping experience in the Middle East will forever be changed with the launch of Noon in January. The region’s largest-ever ecommerce company, Noon will be a driver of innovation which will offer a vast product selection and fast delivery across all categories. With an initial investment of US$1 billion, Noon will launch in the UAE and KSA markets and will soon cover […]
The Economic Wreckage The destruction in Yemen could cripple its economy long into the future, and it is unclear how the country will rebuild. Continue reading the main story “They have hit many factories on the basis of suspicion, but we never get the real reasons,” said Abdul-Hakeem Al Manj, a lawyer at the Sana Chamber of Commerce and Industry who is helping businesses document the strikes […]
By ANNE BARNARD November 13, 2016 BEIRUT, Lebanon — The hours are ticking down to what the Syrian government and its main ally, Russia, say could be the most devastating aerial assault yet on besieged rebel-held districts in the Syrian city of Aleppo. The Obama administration has offered no military lifeline even to rebel groups it has vetted and backed. But Donald J. Trump, the American president-elect, has gone […]
U.S. Fingerprints on Attacks Obliterating Yemen’s Economy By BEN HUBBARD November 13, 2016 The remains of a factory, owned by the brothers Khalid and Abdullah Alsonidar, that was bombed twice in September outside Yemen’s capital, Sana. By BEN HUBBARD November 13, 2016 SANA, Yemen — For decades, Mustafa Elaghil’s family produced snack foods popular in Yemen, chips and corn curls in bright packaging decorated with the image of Ernie from “Sesame […]
Riyadh, Saudi Arabia; November 10, 2016 Consumer confidence in Kingdom of Saudi Arabia (KSA) falls at the optimism baseline as the index decreased by four points from the previous quarter, according to the latest consumer confidence report from Nielsen. The Nielsen Global Survey of Consumer Confidence and Spending Intentions recorded a Consumer Confidence Index of 100 for KSA in Q3 2016, down from 104 in Q2 2016. […]
Photo An Egyptian street vendor in Cairo on Friday. The country is struggling with soaring inflation and shortages of staple foods. Credit Amr Nabil/Associated Press CAIRO — The International Monetary Fund approved a $12 billion loan for Egypt on Friday, in a move intended to stave off economic collapse in the Arab world’s most populous nation as it grapples with a plunging currency, soaring inflation and shortages […]
GAZA: Days after the 12th anniversary of the death of Yasser Arafat, Palestinian leaders descended into new recriminations over who may have been involved in the demise of the former president.Coming two weeks before a meeting that is expected to overhaul the leadership of Fatah, the party of Arafat and President Mahmoud Abbas, the accusations underscore a growing animosity that threatens the movement’s stability.Speaking at a memorial […]
NEW YORK: Iran’s repeated intervention in the internal affairs of Arab countries has come under severe criticism in a letter delivered to the UN General Assembly. In their letter to UN General Assembly President Peter Thomson, 11 countries, including Saudi Arabia, UAE, Bahrain, Egypt, Jordan, Kuwait, Morocco, Oman, Qatar, Sudan and Yemen, also condemned Iran’s sponsoring of terrorism in the region — particularly in Yemen — where […]
Mass resignations follow any transfer of presidential power across party lines, but Trump’s ascension to power — built in part on his “Drain the Swamp” campaign slogan — seems certain to provoke an exodus by those who have attached themselves to the Obama administration’s big foreign policy goals. Among them: last year’s international global climate change agreement; the controversial U.N.-backed deal to obstruct Iran’s acquisition of a […]
13 November 2016 Highlights Phase 1 of Dubai Parks and Resorts opened to paying visitors Phase 2 of Dubai Parks and Resorts on track with Six Flags Dubai due to open late 2019 Rebranding to DXB Entertainments completed Advertisement Raed Kajoor Al Nuaimi, Chief Executive Officer, DXB Entertainments, said, “The opening of LEGOLAND® Dubai and Riverland™ Dubai on 31 October to the public, was a great day for […]
ABU DHABI // The President Sheikh Khalifa bin Zayed Al Nahyan has sent a cable of condolences to King Salman bin Abdulaziz Al Saud of Saudi Arabia on the death of Prince Turki bin Abdulaziz Al Saud, who passed away on Saturday morning. Sheikh Khalifa extended his heartfelt condolences and solace to the bereaved family, praying to Almighty Allah to rest departed soul in Paradise. The Vice […]
Where Even Nightmares Are Classified: Psychiatric Care at Guantánamo By SHERI FINK November 12, 2016 A guard tower at a now-empty detention block at Guantánamo Bay. The prison, where nearly 800 men were held over the years, now has 60 detainees. By SHERI FINK November 12, 2016 Every day when Lt. Cmdr. Shay Rosecrans crossed into the military detention center at Guantánamo Bay, Cuba, she tucked her medical school class ring […]
|By Arabian Post Staff| With a hardliner like Donald Trump set to head the US administration, Iran-US relations seem to be set to re-enter the tension zone once again. Already signs of hard posturing by both sides are visible. Trump has advocated doubling or tripling the sanctions previously imposed on Iran to force the country to accept greater restrictions on its nuclear program than those contained in a […]
Iran, which has said it’s exempt from OPEC’s accord to cut production, told the group it raised output by the most since international sanctions were lifted. Iraq, unwilling to curb its supplies, reported a higher level than OPEC’s estimates. Freed from curbs on its oil trade in January, Iran said it increased output by 210,000 barrels a day to 3.92 million a day in October from the […]
By DIAA HADID November 11, 2016 CAIRO — The International Monetary Fund approved a $12 billion loan for Egypt on Friday, in a move intended to stave off economic collapse in the Arab world’s most populous nation as it grapples with a plunging currency, soaring inflation and shortages of staple foods. The monetary fund signed off on the loan at a board meeting in Washington after Egypt raised $6 […]
RIYADH // A UAE delegation arrived in the Saudi capital on Thursday for a GCC economic meeting. Sheikh Mansour bin Zayed, Deputy Prime Minister and Minister of Presidential Affairs, headed the delegation that attended the first meeting of the GCC Economic and Development Affairs Authority in Riyadh. Saudi Deputy Crown Prince Mohammed bin Salman bin Abdulaziz, Second Deputy Premier and Minister of Defence, presided over the meeting. […]
Saudi business magnate Prince Alwaleed bin Talal on Thursday put aside his bitter clash with Donald Trump and embraced the Republican U.S. president-elect, saying he was heartened by reports that Trump had appeared to delete online references to his proposed ban on Muslims. Prince Alwaleed, in a wide-ranging telephone interview on CNBC, said he planned to meet Trump in the United States soon. “I have no problem […]
BEIRUT, Lebanon — Crossing from Syria into Lebanon on Tuesday night proved to be a parable for the diametrically opposed ways the world sees the election of Donald J. Trump. At the passport counter, a Syrian officer’s face lit up when he saw an American traveler. “Congratulations on your new president!” he exclaimed, giving an energetic thumbs up. Mr. Trump, he said, would be “good for Syria.” […]
|By Arabian Post Staff| The growing list of OPEC members seeking exemptions from a planned supply cut has investors seeing future price drops, Bloomberg reports. Money managers increased bets on lower West Texas Intermediate oil for the first time in five weeks as Iraq joined Iran, Nigeria and Libya in seeking to be excluded from OPEC’s first agreement to reduce output in eight years. The deal was reached […]
|By Abdullah Aljunaid|The Alliance of Iran, Hezbollah and al-Qaeda and the attacks of September 11th 2001 Judicial rulings have shown that the calamitous and tragic events of September 11 were bourn of a relationship between Iran and Hezbollah and al-Qaeda. Will the coming days reveal a similar relationship with Daesh too? Hezbollah is widely known for its support of terrorism, forinciting sectarian strife in the Arab countries, and for the cooperation of its members with drug dealers in Europe, North and South America, Africa, as a means to finance […]
|By Matein Khalid| The Algiers pact was a game changer in the international oil markets. Crude oil prices have risen to three month highs above $50 Brent after OPEC agreed to cut output to the 32.5 – 33 MBD range, with the symbolic Saudi-Iranian deal reinforced by a sharp drop in US inventories and Hurricane Matthew’s havoc in the Caribbean. Unfortunately for OPEC, the US land rig […]
The Interpreter By AMANDA TAUB It is a truth universally acknowledged by every war correspondent, humanitarian aid worker and Western diplomat: Some wars, like Syria’s, receive tremendous public attention, which can translate into pressure for resolution. But many others, like Yemen’s still raging but much ignored conflict, do not. Some of the reasons are obvious; the scale of Syria’s war is catastrophic and much worse than Yemen’s. […]
Facing the prospect of another sharp fall in oil prices, Opec has finally put forward a measure that they hope will keep a floor on oil prices until the next demand season arrives, said Barclays in a new report. Based on media reporting, Opec plans to appoint a committee to iron out production cuts and baseline levels, and some ministers are circulating a production level of 32.5-33.0 […]
The UAE was ranked first regionally and 16th globally in the latest Global Competitiveness Report issued by the World Economic Forum (Davos) in Switzerland. The report is one of the most important global competitiveness reports, which monitors annual performance and competitiveness of the economies of countries in terms of strength, weakness, impact on quality of life, prosperity and well-being of people. Switzerland, Singapore and the United States […]
Two years ago, Meitha Al Mazrooei and Rand Abdul Jabbar, two young architects, decided to form a partnership. The decision was born of frustration. Both had spent years studying their profession, Al Mazrooei at the American University of Sharjah (AUS) and Abdul Jabbar at Dalhousie University in Nova Scotia and Columbia University in New York, but given their views on the way that architecture is understood and […]
