By Michelle Nichols | UNITED NATIONS UNITED NATIONS African states narrowly failed on Monday for a second time to halt the work of the first U.N. independent investigator appointed to help protect gay and transgender people worldwide from violence and discrimination. The attempt was voted down in the U.N. General Assembly 84 to 77 with 16 abstentions, a month after African states made a similar unsuccessful move […]
If you are an emerging market investor, things at least look a little rosier than they did 12 months ago. Then sentiment was souring thanks to doubts about China’s economy, a slumping oil price and plenty of political upheaval. There is, of course, much to concern the EM universe going into 2017, notably a rising dollar, the prospect of higher interest rates in the US and president-elect […]
Bank also aims to raise interest in Emirati youth to pursue banking and financial careers Dubai, 19 December, 2016 Emirates NBD, a leading bank in the region, has launched a brand new edutainment mobile simulation game, ‘Banki’ in its efforts to promote financial literacy in the UAE. Through its highly engaging and informational interface, Banki will target the nation’s youth to become economically aware at a young […]
The deal would send United Nations monitors to observe the evacuation process after consultations with “interested parties,” which means that observers could in theory be turned down by soldiers and militias on the ground. Senior United Nations officials have repeatedly said that they have sought Syrian government permission to be present during the evacuation process, and that they have not received it. Continue reading the main story […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices rose on Monday in anticipation of tighter crude supply going into 2017 following the decision by OPEC and other producers to cut output to prop up prices. Brent crude futures, the international benchmark for oil prices, were trading at $55.57 per barrel at 0401 GMT, up 36 cents, or 0.7 percent, from their last close. U.S. West Texas Intermediate […]
Langham Hospitality Group has signed an agreement with Advanced Hotels Company to manage a luxury hotel in Jeddah, Saudi Arabia, it announced on Sunday. The Langham, Jeddah is located within the downtown district of the city, directly opposite a new shopping complex and with a 360-degree view of the city and the corniche. The hotel will have 239 rooms and 39 suites, as well as an opulent […]
A series of big events shaped financial markets in 2016. Here is a selection of FT analyses and commentary, alongside charts, highlighting a tumultuous year. The new year rout January proved brutal for investors. After just 10 trading days, global equity markets had lost more than $4tn of value, with sentiment hammered by fears about China’s economic slowdown and a depreciating currency. In turn, bond markets were […]
Venezuelans are bracing for Christmas without cash after the country’s highest denomination banknote was withdrawn from circulation with new larger bills not due until January, as many fear that the country is spiralling towards hyperinflation. Embattled President Nicolás Maduro this week announced plans to scrap the ubiquitous 100 bolívar bill, which makes up about half the country’s banknotes but is increasingly worthless as annual inflation is forecast […]
ADEN A suicide bomber killed at least 30 soldiers in the southern Yemeni port city of Aden on Sunday, officials there said, a week after an attack by the militant Islamic State group killed 50 troops nearby. The officials said the soldiers were queuing to collect salaries near a military base in the Khor Maksar district when the attacker blew himself up. Forty other troops were wounded, […]
15 December 2016 The Ajman Real Estate Conference 1, being organized by the Real Estate Regulatory Agency – Ajman [ARRA], the state-run institution mandated with regulating the real estate activities and developments in Ajman, was inaugurated this morning by Sheikh Abdul Rahman bin Ali bin Khalifa Al Khalifa, Director General of Survey and Land Registration Bureau – Bahrain, Sheikh Mubarak Al-Otaibi, prominent business leader – Saudi Arabia […]
When word came that a shaky evacuation deal had been reached, the remaining residents in the last patch of rebel-held Aleppo got moving. Doctors readied their patients, mothers packed their children’s bags and young men burnt their motorbikes to spite regime forces who might have wanted to take them. Relief mixed with heartbreak for residents who have lived in a world more nightmare than reality. Over a […]
DUBAI Iranian Supreme Leader Ayatollah Ali Khamenei condemned Britain on Saturday as a “source of evil and misery” for the Middle East after British Prime Minister Theresa May called Iran a regional threat. “Shamelessly, the British have recently called … Iran a threat to the region, but everyone knows that … it is the British who have always been the source of threats, corruption and misery,” the […]
Your daily guide to community and cultural activities across the Emirates for December 18, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Festival tickets Buy tickets for the Abu Dhabi Festival, which runs from March 14 to 31 and features artists across a variety of genres and nationalities, opening with Saudi singer Mohamed Abdo. […]
The number of passenger cars in use in the GCC region is expected to grow at 5 percent annually from an estimated 10.3 million in 2015 to 13.2 million in 2020, according to Alpen Capital. Its report said new passenger car sales are projected at 1.4 million in 2020, compared to 1.2 million in 2015. Although new sales declined in 2016 and will be under pressure in […]
Nearly 300 mid-to-large private jets were delivered to the Middle East between 2006 and 2015, with an estimated value of over $14.6 billion, according to new research. Global Jet Capital, a provider of financing solutions for large-cabin, long-range private jets, revealed that 293 jets were delivered, costing between $25 million and $75 million each. It said that the largest number of deliveries were to Turkey (77), followed […]
To do otherwise, he said, would have required the United States to be “all in and willing to take over Syria.” Continue reading the main story The recent developments in the Syrian conflict send a message to autocratic leaders in the region and elsewhere that force works — and brings few consequences, said Maha Yahya, the director of the Carnegie Middle East Center in Beirut. The lesson […]
CAIRO Osama bin Laden’s son Omar was refused entry to Egypt on Saturday, airport sources said, giving no reason why his name was on a list of people banned from the country. Omar, 34, Osama bin Laden’s fourth-eldest son, was travelling with his British wife Zaina al Sabah from Doha, and they asked to be sent to Turkey, the sources said. The couple, who lived in Egypt […]
The biggest surprise in meeting the entrepreneur behind Gulf meat eateries such as B+F Burger Boutique and Slider Station is learning that he is a recent adopter of veganism. Basil Al Salem — king of the juicy steak shawarmas on offer at Nomad Kitchen and the Coca-Cola-braised short ribs served up at Slider Station — went vegan earlier this year. But this does not mean that he […]
Kuwait’s foreign ministry summoned the Iranian ambassador to demand the release of four Kuwaiti nationals detained in the western Ahvaz region of Iran, it said in a statement published by state news agency KUNA on Friday. The ministry was coordinating with Iranian security authorities to press for visits to the men and to facilitate their release, the statement said. It did not elaborate on who the men […]
If there was a way to end the year on a bright note for as many businesses as possible, a deal to cut oil production was probably the most likely news to hit the spot. Of course, there will be some sectors not sharing in the joy – those that rely heavily on oil to fuel, such as aviation, manufacturing and agriculture, may be dreading increased costs. […]
Real estate investment made easy as 1,2,3; lucrative rental yields await investors Dubai, United Arab Emirates – 15 December 2016 DAMAC Properties, one of the leading luxury real estate developers in the region, today announced the launch of MOD, a collection of townhouses in the heart of international golf community AKOYA Oxygen. The homes in this community, with a contemporary expression of luxury, are priced to be […]
Makkah is facing an acute shortage of affordable housing, especially as the area around the Holy Mosque is being redeveloped to service religious tourists, according to a new report. Real estate consultants JLL said as with other major cities in Saudi, Makkah needs to address the growing issue against the need for seasonal accommodation and extreme land values. It said the Markazia – the area around the […]
Authored by Carl Bildt, originally posted at Project Syndicate, In August 2015, I tweeted that if Donald Trump were to be elected President of the United States, we would have to “head for the bunkers.” A Trump presidency was considered highly unlikely back then; but here we are. And while heading for the bunkers might not be the most appropriate response (yet), where we are is undoubtedly […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices were stable on Friday as evidence increased that producers in the Middle East were informing customers of upcoming supply cuts as part of a coordinated effort to drain a global glut. But since any production cuts will only hit markets early next year and Iraq is still raising sales to Asia, analysts at Goldman Sachs said that the price […]
To understand Arabs and their culture, one must first understand their language, but with many conflicting theories about its origins, this is no easy task. To celebrate a language used by hundreds of millions of people around the world, December 18 is the designated UN Arabic Language Day. The day was established by the UN Educational, Scientific and Cultural Organisation (Unesco) in 2010 to “celebrate multilingualism […]
Doha, Qatar December 15, 2016 Muntajat (Qatar Chemical and Petrochemical Marketing and Distribution Company Q.J.S.C.) signed its first international agency marketing agreement with Total. The signing ceremony took place at the K Trade Fair 2016 in Dusseldorf, Germany and was attended by senior representatives from Muntajat and Total. Total produces a range of polymers including polyethylene, polypropylene, and polystyrene. With Polymers business unit offices based in Brussels, […]
If you like to surround yourself with all things luxury and are the type who simply ‘needs’ the latest threads, jewellery and cosmetics, the minute you set eyes on them online, you’ll be pleased to know that UAE brand lovers now has somewhere to get them in two hours flat. Luxury delivery service Ounass.com, which is now available across the region, is UAE retail giant Al Tayer […]
By Patrick Markey | AL-DHIBANIYAH, Iraq AL-DHIBANIYAH, Iraq His right arm strapped with a tourniquet and numbed by anaesthetic, Azad Hassan sat before the crowd waiting for Islamic State militants to chop off his hand as a punishment. First, he had watch them do the same to his brother. Freed from Islamic State rule in Mosul by Iraqi forces who are fighting to recapture the city, the […]
The head of Qatar’s sovereign wealth fund has told US officials it will invest $10 billion in infrastructure projects inside the United States, sources said, in an apparent boost to the economic plans of president-elect Donald Trump. Sheikh Abdullah bin Mohamed bin Saud al-Thani, chief executive of the Qatar Investment Authority (QIA), delivered the message to officials including Charles Rivkin, US assistant secretary of state for economic […]
DUBAI Eleven headless bodies have been dumped in a nature reserve in the southern Yemeni port city of Aden, a local news website reported on Wednesday. The Aden al-Ghad news website quoted a security source in the city as saying that the male bodies were found on Tuesday evening in the al-Hiswa reserve, west of Aden. It was not immediately clear who killed the men and why, […]
