Last Updated On 01 January,2017 12:58 am As we are saying pip pip to the year 2016, let’s scroll through the most significant happenings of soon-to-be previous year. While doing so, we will get to know that some of the events and happenings can truly be termed as defining moments in history. One of such phenomenon was Panama Leaks that for a moment not only shook the […]
A manhunt was underway for a gunman who opened fire on people at a packed nightclub on the shores of Istanbul’s Bosphorus waterway on New Year’s morning, killing at least 39 people, including 15 foreigners, then fled the scene. The suspect escaped the scene by changing clothes at the club after the attack, according to reports on Turkish media. There have also been rumors that there was […]
Authored by Eric Zuesse via Strategic-Culture.org, I’m a former lifelong Democrat, stating here a clear and incontestable fact: Barack Obama is a failed President. It’s true not just because of the sad realities such as that «Top Ex-White House Economist Admits 94 % Of All New Jobs Under Obama Were Part-Time» — or, as the economists Alan Krueger and Lawrence Katz wrote in the original of that study: «94 percent of the […]
Dubai’s state utility company has announced that more than 80 percent of the second phase of the Mohammed bin Rashid Al Maktoum Solar Park is complete. The Mohammed bin Rashid Al Maktoum Solar Park is the largest single-site solar park in the world based on the Independent Power Producer model (IPP). The second phase is the first and largest of its kind in the UAE and will […]
First Avenue, the new mall and hotel project planned for Motor City in Dubai, has signed up a raft of high-profile food and beverage brands. Krispy Kreme, Costa Coffee, London Diary and Mikel Coffee are among those to have signed up and will join a total of 15 food and beverage outlets at the new motoring-themed mall, co-located with a four-star 150-room Park Inn by Radisson hotel, […]
By Mohamed Abdellah | CAIRO CAIRO An Egyptian appeals court on Saturday upheld an agreement to give control of two islands in the Red Sea to Saudi Arabia, providing a boost for the government in a case that has prompted rare street protests. The territorial deal, announced in April, caused public uproar among many Egyptians who said the uninhabited islands of Tiran and Sanafir belonged to their […]
Globalization, the path that the world economy has largely followed for decades, took some hefty blows in 2016. The election of Donald Trump as U.S. president and Britain’s decision to leave the European Union have raised questions over the future of tariff-free trade and companies’ freedom to move production to lower-cost countries. Borders are back in vogue. Economic nationalism is paying political dividends. “We […]
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Oman’s first budget airline Salam Air has reportedly revised it launch plans with passenger flights now set to begin on January 30, 2017. The low-cost airline, which had previously announced it would start flights in mid-to-late December, said that its initial route will be Muscat-Salalah with international flights to Dubai International to follow on February 15, ch-aviation reported. In October it was reported that Salam Air would […]
Two beauty queens with links to the Gulf have won the latest season of The Amazing Race Asia. After they returned from filming The Amazing Race Asia last summer, Maggie Wilson-Consunji and Parul Shah could barely contain their excitement. “Don’t let our invisible crowns fool you. We are beauty-queen fighting machines,” they told their fans on social media. “We are scared but also super excited. We cannot […]
Oil prices were on track for their biggest annual gain since 2009 after the OPEC grouping and other major producers agreed to cut crude output to reduce a global supply overhang that has depressed prices for two years. US benchmark West Texas Intermediate (WTI) crude futures slipped 12 cents to $53.62 a barrel by 1400 GMT on Friday, while Brent front-month March crude futures were down 19 […]
This has already changed the course of the Syrian war. Turkey grudgingly accepted the fall of Aleppo in return for a de facto recognition of its zone of influence along the Syrian-Turkish border. Instead of supporting rebel groups fighting in Aleppo or pressuring the Assad forces besieging the city, Turkey raced to capture territory from the Islamic State before the Kurds did. The Kremlin is now not […]
WASHINGTON: Almost six months since their summer meeting to achieve closer ties, Russian President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan took another step toward that goal by brokering a new cease-fire deal in Syria, to be followed by political talks to try to resolve the six-year-long conflict.The deal — announced simultaneously by the governments of Turkey, Syria and Russia — is a seven-point package […]
Abu Dhabi, United Arab Emirates; December 30, 2017 As the 10th anniversary year of Masdar, Abu Dhabi’s renewable energy company, draws to a close, industry watchers can reflect on 12 months that have marked a historic milestone for the company and a pivotal moment for the renewable energy sector as a whole. During the decade since Masdar was established, the UAE has cemented a global reputation for […]
Authored by Oliver Stone (via Facebook), THE RUSSIANS ARE COMING As 2016 draws to a close, we find ourselves a deeply unsettled nation. We’re unable to draw the lines of our national interest. Is it jobs and economy, is it national security, or is it now in our interest to ensure global security — in other words, act as the world’s policemen? As the “failing” (to quote […]
Jeddah, Kingdom of Saudi Arabia, 29 December, 2016 The Islamic Development Bank (IsDB), based in Jeddah, Kingdom of Saudi Arabia, is providing a US $5 million financing support for construction of a solar power plant which is expected to contribute to the sustainability and financial resource optimization of the “King Hussein Cancer Center (KHCC) Expansion Project” in Jordan. The approval came during the 316th meeting of […]
ABU DHABI // Camels owned by Sheikh Sultan bin Zayed, the President’s Representative, have won top prizes in the camel ‘mazayna’ beauty contest at this year’s Al Dhafra Festival. Sheikh Sultan’s camels won the Aayel category for the golden-red camel breed, originally from Oman. Camels belonging to Khamis Al Mazrouie scooped the Majahim category, the black camels of Saudi Arabia. Held in Madinat Zayed in Al Gharbia […]
By John Davison | BEIRUT BEIRUT A nationwide ceasefire in Syria, brokered by Russia and Turkey which back opposing sides in the conflict, got off to a shaky start after midnight on Friday (2200 GMT on Thursday) in the latest attempt to end nearly six years of bloodshed. Russian President Vladimir Putin, a key ally of Syrian President Bashar al-Assad, announced the ceasefire on Thursday after forging […]
With the US Federal Reserve raising interest rates, and President Mario Draghi of the European Central Bank seemingly unable to escape his addiction to quantitative easing policy, many investors are questioning who wants to buy the euro. The answer is simple. The whole world is eager to buy the euro. The problem in 2017 is more likely to be finding anyone who wants to buy the US […]
JEDDAH / DUBAI (December 29, 2016) Arab News has been honored at this year’s MENAA Awards for its transformation over the last three months and creating “momentum and buzz” in the media industry. The newspaper’s Editor-in-Chief Faisal J. Abbas, who was appointed in late September, was presented with the prestigious Best Business Leaders Award at an event held this month at the Burj Al Arab hotel in […]
“We have seen pro-Israeli presidents all along, and Israel First was the standard policy of the United States of America over the last 50-plus years,” Mr. Abdulla said. “But Trump is going much further than that. It seems he is even more Zionist than the Zionists.” Continue reading the main story Sympathy for the Palestinians has historically been among the few issues that united Arabs across political […]
By Orhan Coskun and Ellen Francis | ANKARA/BEIRUT ANKARA/BEIRUT Turkey and Russia have prepared an agreement for a ceasefire in Syria, Turkey’s foreign minister said on Wednesday, adding that Ankara would not give up its opposition to President Bashar al-Assad staying on as leader. The five-year-old Syrian civil war raged on, with heavy casualties reported in the siege of a town held by Islamic State, and the […]
The FTSE 100 was within touching distance of a closing high on Wednesday, as optimism about the outlook for metal prices lifted the shares of the heavyweight miners on Britain’s blue-chip index. On the market’s first day back after the Christmas holiday, the FTSE 100 was up 0.6 per cent at 7107.56 in early afternoon trading, putting it on track to surpass its closing high of 7103.98 […]
By Andrew Osborn and Orhan Coskun | MOSCOW/ANKARA MOSCOW/ANKARA Syria would be divided into informal zones of regional power influence and Bashar al-Assad would remain president for at least a few years under an outline deal between Russia, Turkey and Iran, sources say. Such a deal, which would allow regional autonomy within a federal structure controlled by Assad’s Alawite sect, is in its infancy, subject to change […]
In the latest snub of president Obama and the US State Department, on Wednesday Turkey and Russia reached an agreement for a ceasefire in Syria, Turkey’s foreign minister said, and according to Anadolu News Agency, will aim to put it into effect by midnight. Anadolu, citing sources, said the two countries have reached a consensus that will be presented to participants in the conflict on expanding the […]
Firstov Alexander – Azerbaijan. Wissam Chehade – Lebanon. Jaan Al Balushi – Bahrain. Esam Kabli – Saudi Arabia. Vicente Moraga Costoso – Spain. Waleed Mohamed Al Marzooqi – UAE. Ahmed Saeed Thebet – Egypt. Khalid Jamal Abdullah – Iraq. Pedro Luis Ajuriaguerra – Spain. Khalid Mohammad Al Hammadi – UAE. The National
After a two-year experiment with free markets, the pain of low oil prices forced the world’s biggest producers to join forces in 2016 and tackle a global supply glut. Saudi Arabia-led Opec and non-member countries, primarily Russia, agreed after months of discussion and back channel diplomacy to cut production for the first time since the global financial crisis. Prices look set to end the year in the […]
By Andrew Osborn and Tom Perry | MOSCOW/BEIRUT MOSCOW/BEIRUT Russia’s foreign minister on Tuesday said the Syrian government was consulting with the opposition ahead of possible peace talks, while a Saudi-backed opposition group said it knew nothing of the negotiations but supported a ceasefire. In an interview with Interfax news agency, Sergei Lavrov did not say where the consultations were taking place or which opposition groups were […]
Jeddah, Kingdom of Saudi Arabia, 27.12.2016 The Board of Executive Directors of the Jeddah-based Islamic Development Bank (IsDB), in its 316th meeting on Sunday, gave the final go ahead for injecting US $863 million in to new financing development projects in a number of member countries namely; Guinea, U.A.E, Bahrain, Morocco, Senegal, Togo, Djibouti, Chad, Jordan, and Mali. The meeting also approved to a number of important […]
Abu Dhabi’s stock market plans to introduce covered short-selling in the first quarter of 2017, its chief executive said on Monday, as it seeks to boost liquidity and attract more foreign investors. In covered short-selling, investors borrow shares and sell them in the expectation of repurchasing them later at a lower price. Regulators in the Gulf have until now shied away from allowing the practice because of […]
Saudi Arabia expects oil revenue to jump by 46 percent next year following the deal between the kingdom and other producers to curb output and drive up global prices. The world’s top oil exporter expects to collect SR480 billion ($128bn) from oil sales in 2017, compared with SR329 billion ($87.67 billion) this year, the finance ministry said in a budget statement last week. Non-oil revenue will climb […]
