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VinFast customers to access extensive network of 700,000 charging points across Europe // InSinkErator and Emirates Environmental Group Join Forces for a Greener UAE // Vianode’s Sustainable Graphite Claims Substantial Carbon Footprint Reduction // Metric Joins Forces with 500 Global to Fuel SME Growth across the GCC // Lee Kum Kee Sponsors the 9th World Championship of Chinese Cuisine // Ajman Medical Center Equips Staff with Operational Plan and Performance Indicator Training // Emirates NBD Makes Bond Investing Accessible Through ENBD X App // Andertoons by Mark Anderson for Wed, 15 May 2024 // Atria-City Dental Group Celebrates 30th Anniversary Alongside World Health Day With Special Dental Package To Increase Oral Health Awareness // Dubai Reigns Supreme in Foreign Investment Destination Race for Third Year Running // CCD earns the Best Place to Work certification in Dominican Republic for 2024 // OCB Launches OMNI 4.0 App Offering Instant Modern Financial Services in Just 6 months with Backbase Engagement Banking Platform // Discovery Taiwan And MediaTek Collaborate On New Short Documen-tary, CHASING BREAKTHROUGH // VT Markets Shares Expert Tips on Recognising Genuine // G7 Nations Forge Pact to Ditch Coal by 2035 // Creative Solutions for Discarded Underwear // OceanX and Indonesia Launch Mission to Explore the Marine Wonders of Indonesia // Stagnant Saunas: Study Finds Climate Change Slowing Heat Waves, Lengthening Scorching Periods // What Is The Truth Behind Prime Minister Modi’s ‘Hindu-Muslim’ Clarification? // NetApp and Lenovo Offer Converged Infrastructure Solution Optimized for GenAI //

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Featured Blogs

UAE. Dubai private sector companies indicated a modest rebound in output growth from the 18-month low recorded during April, according to the latest Emirates NBD Dubai Economy Tracker™ report. The latest survey also pointed to a slightly faster expansion of incoming new work, while modest job creation and positive sentiment regarding the business outlook was sustained. Of the three key sub-sectors monitored by the survey, construction was […]

Featured Blogs

UAE. Economic Insight: Middle East Q2 2015 is produced by Cebr, ICAEW’s partner and economic forecaster. Commissioned by ICAEW, the report provides a snapshot of the region’s economic performance. The report undertakes a quarterly review of the Middle East, focusing on the Gulf Cooperation Council (GCC) member countries (United Arab Emirates, Bahrain, Saudi Arabia, Oman, Qatar and Kuwait), as well as Egypt, Iran, Iraq, Jordan and Lebanon […]

Middle East

WASHINGTON — In a major shift of focus in the battle against the Islamic State, the Obama administration is planning to establish a new military base in Anbar Province and send 400 American military trainers to help Iraqi forces retake the city of Ramadi. Although a final decision by the White House has yet to be announced, the plan follows months of behind-the-scenes debate about how prominently […]

Middle East

WASHINGTON — President Obama has authorized the deployment of up to 450 more American troops to Iraq to train and assist the Iraqi forces battling the Islamic State, the White House announced on Wednesday, signaling a major shift of focus in the fight against the Sunni militant group. The United States forces will use Al Taqqadum, an Iraqi base near the town of Habbaniya in eastern Anbar […]

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Middle East

Video | U.S. General Affirms Support for Israel Gen. Martin E. Dempsey, chairman of the Joint Chiefs of Staff, accepted an award from his Israeli counterpart and emphasized the American military’s strong relationship with Israel. By HELENE COOPER June 9, 2015 TEL AVIV — The Obama administration on Tuesday ramped up efforts to ease Israel’s opposition to a possible nuclear deal with Iran, as the top American military leader […]

Middle East

Video | Bahrain: Our Oath Dr. Nada Dhaif helped create a medical tent to treat injured protesters in Bahrain’s Pearl Roundabout — and was sentenced to 15 years in jail. By KAREEM FAHIM June 7, 2015 The roundup of health workers who treated injured protesters set the tone for the furious and uncompromising reaction by Bahrain’s government to a popular uprising in 2011. The authorities arrested doctors, nurses and […]

Featured Blogs

Cisco appoints new MD for Mideast operations MANAMA, 3 days ago Cisco has appointed Ziad Salameh as managing director to lead its Gulf (Oman, Kuwait and Bahrain), Levant, Pakistan and Iraq region and Middle East services. Salameh’s focus will be on driving growth for Cisco as it supports Middle East countries in building a robust national broadband infrastructure, said a report in the Gulf Daily News (GDN), […]

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Featured Blogs

BAHRAIN. Fitch Ratings has downgraded Bahrain’s Long-term foreign currency Issuer Default Rating(IDR) to ‘BBB-‘ from ‘BBB’ and Long-term local currency IDR to ‘BBB’ from ‘BBB+’. The Outlooks are Stable. The issue ratings on Bahrain’s senior unsecured foreign and local currency bonds have also been downgraded to ‘BBB-‘ from ‘BBB’ and ‘BBB’ from ‘BBB+’, respectively. The agency has simultaneously affirmed Bahrain’s Country Ceiling at ‘BBB+’ and Short-term foreign […]

Featured Blogs

UAE. According to a new report by The Boston Consulting Group (BCG), the UAE outperforms the GCC and the rest of the world in most dimensions – including income, employment, health, education, infrastructure, income equality, civil society, governance, and environment – when it comes to its current-level Sustainable Economic Development Assessment (SEDA) scores. Across these dimensions, the UAE topped the average scores of both the GCC and […]

Middle East

By MICHAEL D. SHEAR June 2, 2015 WASHINGTON — A senior State Department official held talks last week with the Houthi rebels of Yemen, opening a new round of diplomacy aimed at persuading the warring factions in that country to participate in a peace conference in Geneva, American officials said Tuesday. The meetings came just before the release on Monday of Casey L. Coombs, an American freelance journalist who had […]

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Middle East

By KAREEM FAHIM and RICK GLADSTONE June 1, 2015 CAIRO — Houthi rebels in Yemen on Monday released an American freelance journalist who had been in their custody for about two weeks, the State Department and the journalist’s family reported. The journalist, Casey L. Coombs, one of several Americans believed to be held by the Houthis, was freed as a video was released and published online of Isabelle Prime, a Frenchwoman […]

Featured

|By Fiona Maharg-Bravo |Big Oil is too confident about crude prices. After a 40 percent rally from January’s six-year low, the momentum has been on the upside. But the current prices – $65 a barrel for Brent and $60 for WTI – look more like a ceiling than a floor. That is not what many insiders seem to think. Some oil service companies expect mid-$70s Brent by […]

Middle East

By KAREEM FAHIM and RICK GLADSTONE June 1, 2015 CAIRO — Houthi rebels in Yemen on Monday released an American freelance journalist who had been in their custody for about two weeks, the State Department and the journalist’s family reported. The journalist, Casey L. Coombs, one of several Americans believed to be held by the Houthis, was freed as a video was released and published online of Isabelle Prime, a Frenchwoman […]

Middle East

Mosed Shaye Omar, 64, a naturalized American citizen since 1978, sued the State Department and Secretary John Kerry, claiming he was coerced into acknowledging that he had a name different from what was on his passport. By LIZ ROBBINS May 27, 2015 For nearly five hours on Jan. 21, 2013, in a windowless room at the United States Embassy in Sana, Yemen, an American citizen and Brooklyn grocery store […]

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Talking Point

|By Alaa Alghamdi|I feel very proud of our King that, several weeks ago, he took a stand in favour of equality and against racism, even when it meant alienating a family member. King Salman promptly forbade his kin to appear in televised media, as he considered him a poor spokesperson for the royal family and for our country. King Salman made a judicious decision. Perhaps he, like […]

Middle East

By JODI RUDOREN May 25, 2015 JERUSALEM — Prime Minister Benjamin Netanyahu of Israel on Monday named a longtime confidant who is hawkish on Iran and the Palestinian issue to run the foreign ministry, the latest in a series of moves that consolidate Mr. Netanyahu’s conservative grip on his new government. The new ministry director, Dore Gold, is a former Israeli ambassador to the United Nations and a prolific […]

Middle East

An anonymous painting of Turkish Emperor Mahmud II leading his troops. By DAVID MOTADEL May 23, 2015 CAMBRIDGE, England — THE last several months have brought a dramatic escalation in conflict across the Middle East, almost all of it involving tensions between Sunni and Shiite Muslims — which are in turn fueled by a power struggle between Shiite Iran and Sunni Saudi Arabia for regional supremacy. Tehran runs a […]

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Middle East

By PETER BAKER May 21, 2015 WASHINGTON — President Obama denied that the United States and its allies were losing the fight against Islamic State forces in the Middle East, but he acknowledged in an interview posted online on Thursday that more should be done to help Iraqis recapture lost territory. While repeating his refusal to commit large-scale American forces to the region, the president said Sunni fighters in […]

Talking Point

|By Alaa Alghamdi| Recently we have seen heightened security along the Saudi borders in response to the threat posed by Houthi rebels, those same rebels who exerted such power that they forced President Mansour Hadi to leave the country. The leadership of Khaled Bahah as Vice President offers hope that decisive action may be taken to resolve this matter. Meanwhile the UN is referring to the situation […]

Economy, Real Estate & Construction

|By TAP Staff| RP Global – part of RP Group of Companies, a global business conglomerate with an annual turnover of over US$4 billion – made its entry into the Dubai real estate market by breaking ground on its new multi-storey residential tower project RP Heights. RP Global will initially develop two prestigious projects in the heart of the city with a total development value of over […]

Talking Point

|By Alaa Alghamdi| There can be few more crucial yet intractable conundrums in the world today than the question of the root causes of terrorism. Terrorism seems to strike out of the blue, and sometimes with devastating force; dealing with its effects after the event is very far from being a tenable strategy. If there is a way to deal with terrorism it is to prevent it, […]

Featured

The two main stock exchanges in the United Arab Emirates are trying to attract market makers but some industry professionals say Abu Dhabi is offering more generous financial terms and more liberal rules than Dubai, suggesting it may have more success. Market makers stand ready to buy and sell stocks at all times, improving liquidity on an exchange – something which may be increasingly important as Abu […]

Markets

Most major Gulf stock markets, led by Dubai, rose on Sunday after the Brent oil price hit a 4-1/2-month high, while the bourse of energy importer Egypt closed in the red. Brent crude climbed to $65.80 a barrel on Friday because of continued fighting in Yemen and, although U.S. crude fell on concerns about another upcoming stock build, both benchmarks posted weekly gains. The main Saudi equities […]

Featured Blogs

Kingdom Holding Q1 profit rises 10.3pc RIYADH, 20 hours, 23 minutes ago Saudi Arabia’s Kingdom Holding , the investment firm owned by billionaire Prince Alwaleed bin Talal, posted a 10.3 per cent rise in first-quarter net profit on Tuesday, on the back of higher income from dividends and associates. Kingdom make a net profit of SR139.4 million ($37.2 million) in the three months to March 31, compared […]

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Economy

|By TAP Staff| Oil production from the Organization of the Petroleum Exporting Countries (OPEC) totaled 30.72 million barrels per day (b/d) in March, up 800,000 b/d from February, and the highest monthly volume since November 2012, according to the latest Platts survey of OPEC and oil industry officials and analysts.  In November 2012, OPEC output was estimated at 31.08 million b/d. Saudi Arabia boosted production by 280,000 […]

Featured Blogs

Ameen … new role. Deutsche Bank appoints new COO for MEA DUBAI, 3 days ago Deutsche Bank AG announced today the appointment of Javeed Ameen as chief operating officer (COO) for the Middle East and Africa (MEA) region. Ameen will be based in Dubai, UAE, and report to Ashok Aram, CEO Middle East and Africa, and Karl von Rohr, global chief operating officer regional management. Ameen replaces […]

Banking & Finance

|By TAP Staff| According to a new study by The Boston Consulting Group (BCG), the banking industry in the Middle East maintained double-digit revenue growth in 2014 with a 10.0 percent increase, stemming largely from major customer segments such as retail and corporate banking as well as international business and treasury. Based on the banks’ 2014 annual results released in the first quarter of 2015, the newest […]

Middle East

The Yemeni president Abd-Rabbu Mansour Hadi has fired his powerful predecessor’s son as ambassador to the UAE, according to reports. Ahmed Ali Saleh and his father, the former president Ali Abdullah Saleh, wield major influence in army units fighting alongside Houthi militias which have been hit by three days of Saudi-led air strikes, said Reuters. President Hadi departed on Thursday from his last base in the southern […]

Middle East

ABU DHABI // The UAE Cabinet has paid tribute to the country’s Armed Forces during the ongoing Operation Decisive Storm military intervention in Yemen. The Cabinet also praised the leading role taken by the Kingdom of Saudi Arabia in the action to restore safety and stability to Yemen, and stressed support for the international effort, reports Wam, the state news agency. “The UAE, and its brothers in […]

Featured

The next big threat to oil prices isn’t from OPEC or Bakken shale. It’s Russian samovars, or teapots. Simple refineries that process crude into fuel oil are scaling back, because when oil prices slump, the government reduces the discount that these refiners — known as teapots to those in the industry — get for exporting fuel. They use less crude, freeing it up for sale abroad, which […]

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Just in:
G7 Nations Forge Pact to Ditch Coal by 2035 // Ajman Medical Center Equips Staff with Operational Plan and Performance Indicator Training // Lee Kum Kee Sponsors the 9th World Championship of Chinese Cuisine // Eq8 Capital Rebrands with Greater Accessibility to Its Exchanged Traded Fund // Tech and Innovation Fuel Global Food Investments // Dubai Gold Traders Push for Streamlined Regulations // OceanX and Indonesia Launch Mission to Explore the Marine Wonders of Indonesia // Qiddiya Investment Company Merges with SEVEN to Boost Saudi Entertainment // Mubadala Energy Strikes Big in Indonesia with Second Gas Discovery // NetApp and Lenovo Offer Converged Infrastructure Solution Optimized for GenAI // Metric Joins Forces with 500 Global to Fuel SME Growth across the GCC // Stagnant Saunas: Study Finds Climate Change Slowing Heat Waves, Lengthening Scorching Periods // Emissions Trading Poised to Accelerate Global Shift to Clean Energy // Vianode’s Sustainable Graphite Claims Substantial Carbon Footprint Reduction // Creative Solutions for Discarded Underwear // Emirates NBD Makes Bond Investing Accessible Through ENBD X App // CCD earns the Best Place to Work certification in Dominican Republic for 2024 // VinFast customers to access extensive network of 700,000 charging points across Europe // VT Markets Shares Expert Tips on Recognising Genuine // InSinkErator and Emirates Environmental Group Join Forces for a Greener UAE //