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Saudi

Bahrain-based Investcorp has announced that its US real estate arm has invested in an industrial portfolio of properties in the Chicago and Boston metropolitan areas for a total purchase price of about $160 million. The portfolio includes six properties with an aggregate of approximately 1.8 million square feet of warehouse and distribution space, the investment firm said in a statement. Yasser Bajsair, managing director at Investcorp in […]

The balance of power within Hamas, which Israel, the United States and much of the West defines as a terrorist organization, has been shifting to Gaza, according to experts. The group seized control of the Palestinian coastal enclave in 2007 after beating its main rival, Fatah, led by President Mahmoud Abbas of the Palestinian Authority, in parliamentary elections a year earlier. Continue reading the main story In […]

Mr. Greenblatt got a very different message at an earlier dinner with two other prominent Palestinians, Salam Fayyad and Ziad Asali, and two American Jewish diplomats, Elliott Abrams and Dennis B. Ross. They all told him that a breakthrough was not realistic now, and that Mr. Trump would be better off pursuing incremental advances, like bettering the economic fortunes of the Palestinians. Continue reading the main story […]

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By Dominique Vidalon | PARIS PARIS The shareholders of AccorHotels (ACCP.PA) on Friday granted former French President Nicolas Sarkozy a seat on the board of Europe’s largest hotel group, and rejected a bid to block long-term shareholders from getting more double voting rights. Chairman and CEO Sebastien Bazin reiterated at the annual shareholders meeting that double voting rights were a good way to foster loyalty and stability […]

MOSCOW The agreement on safe zones in Syria will come into force from midnight tonight, but Russia’s air force will continue striking Islamic State elsewhere in the country, Russian news agencies cited Russian Defence Ministry as saying on Friday. The first and the largest safe zone in northern Syria will include the Idlib province and adjoining districts of Latakia, Aleppo and Hama with a total population of […]

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Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, bids farewell to Abdel Fattah El Sisi, President of Egypt, at the Presidential Airport on Thursday. Ryan Carter / Crown Prince Court – Abu Dhabi Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Cooperation, on Thursday receives Mahamoud Ali Youssouf, Djibouti Minister of Foreign Affairs and International […]

Bahrain-based Ibdar Bank has announced the appointment of Ayman Sejiny as its new CEO. The Islamic investment bank said in a statement Sejiny has previously held roles at Barclays, Citi Bank and ABN Amro. Previous to his appointment with Ibdar, Sejiny was the Group CEO of Bahrain-based Bank Alkhair, which has a presence in Saudi Arabia, UAE, Turkey and Malaysia. Ibdar chairman Tareq Sadeq said: “Ibdar is […]

Under the memorandum they signed as guarantors of a cease-fire, fighting between government forces and insurgents is to stop in four zones that include rebel-held territory in the north, central and southern parts of the country. Continue reading the main story It remains unclear precisely how the guarantors will monitor compliance with what they are calling “de-escalation zones.” Aleksandr Lavrentyev, the Russian negotiator at the Astana talks, […]

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I’m a firm believer in always seeing the glass as half-full rather than half-empty, for seeing the light at the end of the tunnel, and so on. When people congratulate me for taking the positive view, I say I’m not – it’s simply all a matter of perspective. Take my country, the Kingdom of Saudi Arabia. One of the richest countries in the history of the world, […]

WASHINGTON U.S. President Donald Trump will travel to Saudi Arabia and Israel this month as part of his first foreign trip, wading directly into the tangled diplomacy of Middle Eastern politics, a senior administration official said on Thursday. The swing through the Middle East, added to a trip that includes a NATO meeting in Brussels on May 25 and the Group of Seven summit in Sicily on […]

Digitization identified as key for region to retain leadership in global logistics landscape Dubai, United Arab Emirates, May 4 2017  Supply chain optimization took center stage at the ninth GPCA Supply Chain Conference, which took place between 2-4 May 2017 at the Rosewood Hotel in Abu Dhabi. During the event, speakers highlighted logistical efficiency as a top industry priority in the GCC as traditional supply chains across […]

Mr. Abbas, 82, who was among the negotiators on hand for the historic signing of the Oslo Accords on the White House lawn in 1993, indicated that he did feel optimistic that nearly a quarter-century later Mr. Trump might be the president who finally builds on that initial agreement to forge a final resolution to the conflict. Continue reading the main story Praising Mr. Trump’s “courageous leadership,” […]

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In its bid to make the United Arab Emirates city the “safest electronic city in the world,” the Dubai Electronic Security Centre (DESC) is looking to expand its Emirati-only workforce by 50 percent this year. The centre, which has a budget of millions of dollars, monitors and researches potential electronic incidents that may affect governmental institutes. To do that, the relatively new center, established in 2014, is […]

ITFC and ITC sign partnership agreement on project implemenation in Djibouti and Algeria 03 May 2017 Jeddah, Kingdom of Saudi Arabia  The Islamic Development Bank (IsDB) Group and the International Trade Centre  (ITC), will work together to implement joint projects and strengthen the competitives of SMEs in IsDB member countries. This was disclosed during an official visit by Arancha Gonzalez, Exective Director of ITC, to the President […]

GENEVA Yemen faces a “famine of Biblical proportions”, veteran aid expert Jan Egeland warned on Wednesday during a visit to the war-battered nation, expressing fury over the failure of the “men with guns and power” to end the crisis. Yemen’s two years of civil war have pitted the Iran-aligned Houthi rebel group against a Saudi-backed coalition, causing economic collapse and severely restricting the food and fuel imports […]

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A big part of that is its watering down of the anti-Semitic language of the original Hamas charter in 1988, with its talk of war between Arabs and Jews. “We are making it clear that ours is a liberation project — not about religion or the Jews,” Mr. Meshal said in an interview on Tuesday in Doha, his latest home. Continue reading the main story His offer […]

OPEC and allied oil producers should extend their collective production cuts into the second half of the year when an expected upturn in demand will help to re-balance the crude market, UAE Energy Minister Suhail Al Mazrouei said. All countries participating in the cuts must agree to any extension, he said Tuesday in the UAE capital Abu Dhabi. The Organization of Petroleum Exporting Countries and other major […]

Angela Merkel, Chancellor of Germany, arrived in Abu Dhabi on Monday on an official state visit, state news agency WAM reported. Upon her arrival at the Presidential Airport, Merkel was greeted by Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. An official reception ceremony was held in honour of the German Chancellor, where both the […]

DUBAI, United Arab Emirates: Officials and experts from Gulf Arab countries are in Washington for the next two weeks to take part in a series of public lectures aimed at addressing issues of concern for the region under the Trump administration.Saudi Arabia’s Undersecretary for International Communication at the Information Ministry, Abdulmohsen Alyas says the talks will address “issues of misunderstanding and miscommunication” between the United States and […]

ABU DHABI // The Armed Forces has announced the death of a soldier who was participating in Operation Restoring Hope. Hassan Abdullah Al Bishr was martyred while participating in Saudi-led coalition, reported Wam, the state news agency. The General Command extended its sincere condolences to the soldier’s family and prayed to Allah for his soul to rest in peace and for his family to find solace. Further […]

21% believe that Agrabah, the fictional city from ‘Aladdin’, is part of Middle East Dubai, 2 May 2017: A wide-ranging poll of the US public has revealed a huge “knowledge gap” when it comes to the Arab world, with 81 percent of the respondents unable to point out the region on a map. That was a key finding of an exclusive Arab News/YouGov poll, the results of which are published today to coincide with […]

Louvre Hotels has announced plans to open 10 new hotels in the Middle East and North Africa (MENA) by the end of 2017, adding 1,600 keys to its current room inventory. The new properties will take its total regional keys to more than 11,000 and follows a productive 2016 when Louvre launched 12 properties in key markets including the UAE, Qatar, Saudi Arabia, Algeria, Tunisia and Lebanon. […]

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(Corrects professor’s name in paragraph 7) SANAA Famine and disease haunt the living, but not even the dead are spared the calamities of Yemen’s two-year-old civil war. Ancient mummies are withering away in a major museum for lack of electricity and preservative chemicals from abroad – a sign that the conflict is harming not only the country’s present and future but also its rich past. The dozen […]

Leaders of Nahdlatul Ulama’s youth wing, known as Ansor, say that elements of Shariah, which Muslims consider divine law, are being manipulated by groups like the Islamic State and Al Qaeda to justify terrorist attacks around the world, invoked to rally fighters to battle in the Middle East and elsewhere, and distorted by movements that seek to turn Islam into a political weapon. Continue reading the main […]

Hamas, the militant Islamist group, on Monday dropped a call for Israel’s destruction and endorsed the creation of a Palestinian state inside 1967 borders, in a rhetorical shift that analysts said reflected the group’s political ambitions and changing priorities in a new Middle East. A policy paper released in Doha by Khaled Meshaal, Hamas’s political leader, described the creation of an interim Palestinian state in the 1967 […]

DUBAI: Arab League chief Ahmed Abul Gheit warned Monday that Iran and Israel were the main beneficiaries of turmoil across the Arab world, which he described as the worst he has ever seen.“I have never seen anything worse than what we are now seeing,” Abul Gheit said at the Arab Media Forum in Dubai.“Iran is enjoying what the Arab world is going through. There are those in […]

DOHA The Palestinian Islamist group Hamas will drop its long-standing call for Israel’s destruction as well as its association with the Muslim Brotherhood in a new policy document to be issued on Monday, Gulf Arab sources said. Hamas’s move appears aimed at improving relations with the West, Gulf Arab states and Egypt, which label the Brotherhood as a terrorist organisation. Many Western countries classify Hamas as a […]

Mr. Abbas was scheduled to meet with Mr. Trump in Washington on Wednesday as the sole representative of the Palestinian people. He has sought in recent weeks to rein in Hamas, cutting salaries and refusing to pay for electricity, in a bid to undermine the group’s authority. Gazans now have only a few hours of power a day. Continue reading the main story “Whether it’s a coincidence […]

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