19 February 2017 Riyadh – Etihad Etisalat (Mobily) has added Viastore, the leading smartphone and Apple products outlet chain, as a strategic partner to Neqaty Program as a step towards enhancing the portfolio of the program’s partners, which is considered as the best customer loyalty program in the region in terms of the added value provided, customer interaction and service development. This addition is aimed at expanding […]
Al-Nahedh: Structural Changes, Regulatory Compliance and Cyber Security Major Challenges Facing Banks 18 February 2017 Kuwait – Group Chief Executive Officer at Kuwait Finance House (KFH), Mazin Saad Al-Nahedh stressed the importance of practically facing the economic challenges facing the GCC banks in light of the fall in oil prices, indicating the necessity of applying best practices and highest standards in the structural changes, regulatory compliance and […]
About 40 percent of new hotel supply expected in Riyadh during 2017 will be delayed, but pressure will remain on room rates, according to a new report by real estate consultants Colliers. Despite the softening impact of new supply on the market this year, Colliers forecast that full-year 2017 revenue per available room (RevPAR) for hoteliers in the Saudi capital will fall by 4 percent. The report […]
ABU DHABI – U.S. President Donald Trump’s defense secretary arrived in the United Arab Emirates on Saturday for talks with one of Washington’s closest allies in the Middle East. Jim Mattis, on his debut trip to the region as Pentagon chief, was expected to meet Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahayan and U.S. embassy representatives. U.S. officials have not disclosed details about his agenda. […]
18 February 2017 Manama, Bahrain – The American Chamber of Commerce Bahrain (AmCham Bahrain), the hosts of this year’s AmCham MENA Regional Council’s Bi-Annual Forum, today announced the Bahrain Economic Development Board (EDB) as the Strategic Partner for the upcoming event being held on the 15-16 March 2017 in the Kingdom of Bahrain. The Forum, which aims to promote trade and investment between the United States and markets of the Middle […]
The shortlist for this year’s International Prize for Arabic Fiction has been announced with novels representing the best in contemporary Arabic literature. The finalists for this year’s prize are A Small Death from Saudi Arabian author Mohammed Hasan Alwan; The Slaves’ Pens from Libya’s Najwa Binshatwan; Al-Sabiliat from Kuwaiti author Ismail Fahd Ismail; Children of the Ghetto — My Name is Adam from Lebanon’s Elias Khoury; In […]
ABU DHABI // The bodies of Emirati servicemen Lance Corporal Soliman Mohammed Soliman Al Dhohouri and Sergeant Nader Mubarak Eisa Soliman, who were martyred in Yemen, have been buried by their families. The General Command of the Armed Forces announced that the two died while performing their duty as part of Operation Restoring Hope, being conducted by the Saudi-led Arab Coalition to support and restore the legitimate […]
Cayan Group, the developer of the Cayan Tower in Dubai, has condemned the actions of Russian model Viki Odintcova after photographs of her hanging off the edge of the skyscraper without any restraints. The Saudi-based company said in a statement that the stunt was carried out without its approval or permission and was “in no way a reflection of the Group’s commitments to art, creativity, and the […]
The General Command of the UAE Armed Forces has announced the death of servicemen Nader Mubarak Eisa Soliman and Soliman Mohammed Soliman Al-Dhohouri while on duty with the Saudi-led Arab Coalition’s Operation Restoring Hope in Yemen.The General Command of the UAE Armed Forces offered its condolences to the family of the killed. Source
ABU DHABI // Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Cooperation, took part in the Yemen Quartet meeting, held in Bonn, Germany, on Thursday. US Secretary of State Rex Tillerson, British Foreign Secretary Boris Johnson, Saudi Foreign Minister Adel Al Jubeir, Minister Responsible for Foreign Affairs in the Sultanate of Oman Yusuf bin Alawi bin Abdullah and the United Nations’ Special Envoy for Yemen […]
Ten years ago Vladimir Putin angrily declared that the post-cold war order was a sham. Standing before the western military and diplomatic establishment at the Munich Security Conference, the Russian president accused the US of plunging the world into chaos by warmongering, meddling in other countries’ affairs and disregarding international law. For many, it marked the moment that Mr Putin became an adversary. Now, as foreign policy […]
JEDDAH: The Arab coalition supporting the legitimate government in Yemen has said it’s looking into an alleged incident which took place in Sanaa on Thursday.Brig. Gen. Ahmad Al-Assiri, spokesman for the coalition, told Arab News that a statement has been issued by the coalition announcing the launch of an investigation into the incident in the Yemeni capital today. “We have been made aware of news reports by […]
Photo President Trump and Prim Minister Netanyahu entering the White House on Wednesday. Credit Stephen Crowley/The New York Times President Trump came forward with a nonsensical statement on Wednesday as he dangerously backed away from the two-state solution, which has been central to America’s Mideast policy for more than 20 years and remains the only just answer to the Israeli-Palestinian conflict. “So, I’m looking at two-state and […]
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, […]
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 [email protected] 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 […]
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 […]
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 […]
