ABU DHABI // Seven insect species have been reported in the UAE for the first time by a university researcher. Huw Roberts was studying a group of small insects in the Jebel Hafeet area of Al Ain, discovering lacewing insects which have only been sighted in Saudi Arabia. The find adds to a surge of discoveries disproving notions of a lack of biodiversity. In fact, scientists are […]
China ended a six-month streak disposing of its US Treasury holdings in December, adding to its position for the first time since last May as the country’s central bank seeks to manage capital flight. The country, which ceded its status as the world’s largest owner of haven Treasuries in October to Japan, added $9.1bn of US sovereign debt to its reserves in the final month of 2016, […]
Your daily guide to community and cultural activities across the Emirates for February 16, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at listings@thenational.ae newslide Abu Dhabi Food trucks Love […]
BEIRUT Iranian President Hassan Rouhani said his country sought good relations with its Gulf Arab neighbours as he began a one-day trip to Oman and Kuwait on Wednesday, his first since taking power in 2013. Relations between predominantly Shi’ite Iran and the mainly Sunni Arab countries of the Gulf, particularly Saudi Arabia, remain strained over their support for opposing sides in the conflicts in Syria and Yemen. […]
The four-star flagship hotel caters to the market with affordable package deals for all International explorers 15 February 2017 Dubai, UAE – In direct response to the demand from travellers’, Somewhere Hotels, one of Dubai’s most stylish mid-market hotel brands, recently opened the doors to its new 301-room hotel at the renowned and convenient location ‘Barsha Heights’, previously known as Tecom. Making this the second hotel opening […]
SoftBank’s billionaire founder Masayoshi Son, who has boasted of creating the “Berkshire Hathaway of tech”, has thrown himself into the world of private equity and hedge funds with a $3.3bn acquisition of US alternative asset manager Fortress Investment Group. The deal, which follows the Japanese group’s traditional focus on telecoms and internet, comes just as SoftBank is emerging as one of the world’s largest investors with the […]
Since then the barriers to peace have grown even more formidable, and attitudes like Mr. Gatshan’s more entrenched. Continue reading the main story When President Trump and Israel’s prime minister, Benjamin Netanyahu, meet in Washington on Wednesday they are likely to discuss a change of tactics, relying on Arab states like Qatar to help secure a two-state solution, under which Israel and an independent Palestinian state would […]
Saudi Arabia is to host its first ever Comic Con as the Gulf kingdom aims to expand its offering of entertainment events. Supported by the recently-formed General Entertainment Authority, Comic Con will take place in Jeddah later this week. The authority is a government-sanctioned body borne out of Saudi Arabia’s Vision 2030 program and will partner with both government bodies and the private sector to grow the […]
DUBAI // Young Arabs make up the majority of the region’s population and they are the best people to develop a strategy for their future, Sheikh Mansour bin Zayed said at the World Government Summit on Tuesday. The Minister of Presidential Affairs said that there are more than 108 million young people in the 22 Arab countries and the summit was a starting point for young men […]
ADEN: The Saudi Arabia-led Arab coalition supporting the legitimacy in Yemen has made the protection of civilians its top priority and is taking all measures to minimize losses.The coalition leadership, which reaffirms its commitment to international human rights and humanitarian law, has taken steps to protect civilians, members of medical units and humanitarian organizations as well as journalists.The coalition works extensively with UN organizations and the International […]
Photo Credit Justin Renteria It’s a fair bet that the first meeting on Wednesday between President Trump and Prime Minister Benjamin Netanyahu of Israel will feature big smiles and reassuring words. Both men are eager to demonstrate that the hostility that poisoned Mr. Netanyahu’s relations with President Barack Obama is a thing of the past. But personal chemistry can go only so far. The issues facing the […]
Shuaa Capital is working on a bolt-on acquisition of a financial services company based in the United Arab Emirates as part of the investment bank’s growth plans, chairman Jassim Alseddiqi told Reuters on Monday. The price for the targeted company, which specialises in capital markets and securities, would be less than 200 million dirhams ($54.46 million), Alseddiqi said. He also said discussions were at an advanced stage […]
DUBAI // Sustainable travel hit the UAE running on Monday, as US electric car maker Tesla opened for business in Dubai with plans to launch a shop and service centre in Abu Dhabi next year. Chief executive Elon Musk said at the World Government Summit in Dubai that the company planned to invest millions in the UAE on infrastructure including recharging stations. “We expect to invest tens […]
Saudi Arabia’s Capital Market Authority (CMA) said on Monday that it had approved public offerings for two companies on its bourse dedicated to small and medium-sized businesses. Roya Real Estate Investment Company will offer 20 percent of itself in its share sale, equivalent to 8.6 million shares, with Thob Al-Aseel Company offering 20 percent of itself in its share sale, equivalent to 1.0 million shares, the CMA […]
Top OPEC oil producer Saudi Arabia made a large cut in its crude output in January to support prices and lessen a glut, helping boost compliance with the group’s supply-reduction deal to a record high of more than 90 percent. The Organization of the Petroleum Exporting Countries is curbing its output by about 1.2 million barrels per day (bpd) from Jan. 1. Russia and 10 other non-OPEC […]
13 February 2017 Full year revenues stood at AED 173.8 million (2015: AED 178.2 million) Group losses reduced by 30% year on year as firm continues with stringent cost control and gears up for 2017 long term strategy implementation Real Estate Investment Management and Investment Banking business lines recorded systematic increase in profits Turnaround of the Group’s operations expected during 2017 Advertisement SHUAA Capital today reports results […]
February 13, 2017 by: Anjli Raval, Oil and Gas Correspondent Steep Opec production cuts could ease an oil market surplus quicker than expected in 2017, the oil cartel signalled in its first output assessment since a deal to curb supplies and bolster prices came into effect. After more than two years of allowing market forces to balance supply and demand, Opec in November agreed to again influence […]
February 13, 2017 by: Anjli Raval, Oil and Gas Correspondent Steep Opec production cuts could ease an oil market surplus quicker than expected in 2017, the oil cartel signalled in its first output assessment since a deal to curb supplies and bolster prices came into effect. After more than two years of allowing market forces to balance supply and demand, Opec in November agreed to again influence […]
Muscat, February 14, 2017 Bank Sohar, continuing to invest in the capabilities and growth of its Executive Management members, has announced the appointment of Mr. Pieter De Witt, as the Bank’s new Chief Financial Officer and Mr. Khalid Khalfan Rashid Al Subhi, as the new AGM and Head of Compliance. Both; Mr. Pieter De Witt and Mr. Khalid Al Subhi are highly qualified individuals in their respective […]
An award-winning Arabic-language film, Hedi, will be released with Arabic subtitles in the UAE, and across the region, as the local industry looks at ways to boost the popularity of Arab films in cinemas. This was one of a raft of measures to improve the popularity of Arab cinema, in the region and globally, discussed during a panel talk – New Prospects: Challenges and Opportunities in the […]
Dubai, 12 February 2017 Emirates NBD (DFM: EmiratesNBD), a leading bank group in the region, held its tenth Annual General Meeting (AGM) at the Bank’s Headquarters. At the AGM, a review of the year ended 31st December 2016 was presented. Commenting on the business environment, Emirates NBD Chairman, His Highness Sheikh Ahmed Bin Saeed Al Maktoum, said, “The UAE continues to stand out as a resilient and […]
AMMAN Syria’s main opposition body on Sunday approved a new delegation to take part in Geneva peace talks later this month, which include Russian-backed blocs that have been critical of the armed insurgency against President Bashar al-Assad. The High Negotiation Committee, (HNC) the main umbrella group, said in a statement after two-days of meetings in the Saudi capital, Riyadh, that the new 21-member negotiating team included members […]
RIYADH U.N. Secretary-General Antonio Guterres said on Sunday the U.N. envoy to Yemen had his full support, days after Yemen’s Houthi group asked him not to renew the diplomat’s term due to what it said was bias against the Iranian-aligned movement. “Our envoy has my full support and I believe that he is doing an impartial work, that he is doing it in a very professional way […]
ISTANBUL President Tayyip Erdogan said on Sunday the final goal of a Turkish incursion into Syria was not just to retake the city of al-Bab from Islamic State, but to cleanse a border region including Raqqa of the jihadists. Turkish-backed Syrian rebels are pressing a major offensive on al-Bab, 30 km (20 miles) south of the Turkish border. The advance risks putting them in direct conflict with […]
