Video | Explosion in Old City of Sana A Unesco world heritage site was damaged on Friday by a blast that witnesses said was caused by airstrikes in Yemen’s capital. By RICK GLADSTONE June 12, 2015 A protected 2,500-year-old cultural heritage site in Yemen’s capital, Sana, was obliterated in an explosion early Friday, and witnesses and news reports said the cause was a missile or bomb from a Saudi […]
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 […]
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 […]
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 […]
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 […]
Bond issue … big shift in Saudi economic policy. Saudi may issue government bonds this year DUBAI, 6 days ago The Saudi Arabian government may resume issuing bonds this year, easing downward pressure on the country’s foreign reserves caused by low oil prices, a senior International Monetary Fund official said after talks with Saudi officials. “The sense we had is this year,” Tim Callen, chief of the […]
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 […]
|TAP Special| Are Saudi Arabia and Iran heading towards a direct war? An opinion piece by influential Saudi commentator, carried by Al Arabia News, argues that the Saudi military operation against the Houthis is part of a Saudi policy combining diplomacy and war to stop Iranian influence and ultimately push it out of Syria and Yemen. The veteran commentator, Jamal Khashoggi, quotes Qassem Soleimani, commander of the […]
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 […]
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), […]
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 […]
By SHUAIB ALMOSAWA June 2, 2015 SANA, Yemen — Warplanes from a military coalition led by Saudi Arabia carried out airstrikes Tuesday in Yemen that killed at least 16 fighters allied with the Saudi-led group, witnesses said. The victims were fighters supporting President Abdu Rabbu Mansour Hadi, who was forced into exile by Yemen’s Houthi rebels this year. Saudi Arabia launched a military offensive against the Houthis in late […]
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 […]
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 […]
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 […]
|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 […]
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 […]
The site of an explosion near a Shiite mosque in Dammam, Saudi Arabia, on Friday. By BEN HUBBARD May 29, 2015 BEIRUT, Lebanon — A suicide bomber dressed in women’s clothing detonated his explosive belt near the entrance to a Shiite mosque in eastern Saudi Arabia on Friday, killing three other people, according to Saudi state media. The Islamic State jihadist group claimed responsibility, as it did just a […]
Foreigners can buy into Saudi IPOs on case-by-case basis RIYADH, 23 days ago Foreigners will be allowed to buy directly into initial public offers (IPO) of shares in Saudi Arabian companies on a case-by-case basis, the chairman of the Saudi Capital Market Authority said on Tuesday. The CMA announced on Monday rules allowing foreign institutions to begin investing directly in the stock market, subject to restrictions such […]
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 […]
Foreigners can buy into Saudi IPOs on case-by-case basis RIYADH, 22 days ago Foreigners will be allowed to buy directly into initial public offers (IPO) of shares in Saudi Arabian companies on a case-by-case basis, the chairman of the Saudi Capital Market Authority said on Tuesday. The CMA announced on Monday rules allowing foreign institutions to begin investing directly in the stock market, subject to restrictions such […]
|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 […]
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 […]
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 […]
