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Lebanon’s ‘You Stink’ Protesters Stage Sit-In, Demanding Minister’s Resignation

Middle East Video Protesters took over the office of Lebanon’s environment minister in the capital on Tuesday, calling on him to resign for failing to find a solution to the garbage crisis. By ANNE BARNARD September 1, 2015 BEIRUT, Lebanon — Demonstrators from the “You Stink” movement, protesting a garbage pileup and political dysfunction, occupied the offices of Lebanon’s environment minister in downtown Beirut on Tuesday, declaring that they […]

Egypt Summons British Ambassador After His Critique of Ruling Against Journalists

CAIRO — The Egyptian foreign ministry said Sunday that it had summoned the British ambassador to object to his comments on a recent court ruling to jail two journalists, escalating the government’s defense of its crackdown on dissent. The two journalists, Mohamed Fahmy and Baher Mohamed, have attracted special attention because, unlike most journalists in Egypt’s jails, both have had long careers at respected international news organizations. […]

Junaid Hussain, ISIS Recruiter, Reported Killed in Airstrike

Middle East By KIMIKO DE FREYTAS-TAMURA August 27, 2015 LONDON — A 21-year-old hacker from Birmingham, England, who tapped into American military networks and was a central figure in the Islamic State militant group’s online recruitment campaign, has been killed in Syria by an American airstrike, according to three senior American officials. The hacker, Junaid Hussain, was a leading member of the CyberCaliphate, an Islamic State unit that broke into […]

Why we want to serve: FNC hopefuls on last lap to poll

ABU DHABI // Candidates for the Federal National Council have told of their reasons for stepping forward, as the objection process for the elections began on Monday. Sheikh Musallam Salem bin Ham Al Ameri said the people of his emirate had asked him to nominate himself. “The idea was crossing my mind, but when the people asked me to run I was happy to,” said Sheikh Al […]

Currencies: Collapse of Turkish lira

|By Matein Khalid| Geopolitics is now another source of risk for the Turkish lira, government debt and Istanbul equities. The Turkish air force is bombing Daish in Syria and the secessionist Kurdish PKK party in northern Iraq. Suicide bombings have killed Turkish citizens in eastern Anatolian cities on the Syrian border. Ankara has given the US a green light to launch military airstrikes from the Incerlik air […]

DGCX appoints new chief

Dubai Gold and Commodities Exchange (DGCX) has appointed Gaurang Desai as its chief executive officer. As one of the founding members of the team that set-up DGCX in 2005, Desai is ideally positioned to take the exchange to its next stage of development, said a statement. Gautam Sashittal, chief executive officer of Dubai Multi Commodities Centre and director of DGCX, said: “We are delighted to appoint a […]

As China devalues its currency, manufacturing sourcing decisions need to be more strategic than ever, says AlixPartners survey

INTERNATIONAL.  In the wake of China’s recent devaluation of the yuan, companies need to be more strategic than ever in their manufacturing-sourcing decision-making, focusing on clear-headed, case-by-case analysis and tight project management.  That is according to a new study, including a survey of almost 250 senior-level executives in Western Europe and North America from manufacturing and distribution companies in 20 industries, released today by AlixPartners, the global […]

Wall Street Breakfast: Fed Minutes Takes Center Stage

Parents in UAE need to be educated on ADHD symptoms, says doctor

ABU DHABI // Parents need to know more about childhood development to determine the difference between normal behaviour and problems such as attention deficit hyperactivity disorder, say medical experts. ADHD is believed to affect about 9 per cent of children around the world. In 60 per cent of the cases, the disorder continues into adulthood, affecting people’s personal and professional lives. The problem is often characterised by […]

Netanyahu Appoints Right-Wing Politician as Israeli Ambassador to U.N.

JERUSALEM — Prime Minister Benjamin Netanyahu of Israel on Friday named a hawkish political rival who opposes a Palestinian state as his next ambassador to the United Nations. The naming of Danny Danon as the new ambassador is the latest in a string of appointments by Mr. Netanyahu that indicate he will not bow to mounting international criticism and efforts to isolate Israel. Mr. Danon is an […]

ISIS Affiliate in Egypt Says It Has Beheaded a Croatian Man

CAIRO — The Egyptian affiliate of the Islamic State said on Wednesday that it had beheaded Tomislav Salopek, a 30-year-old Croatian expatriate worker who was taken from his car on the outskirts of Cairo last month. The claim, if confirmed, would represent the first time that the militant group, Sinai Province, had abducted and killed a foreigner during two years of attacks against the government. A photograph […]

Google, Samsung to issue monthly Android security fixes

People are silhouetted as they pose with mobile devices in front of a screen projected with a Samsung logo, in this picture illustration taken in Zenica October 29, 2014. Reuters/Dado Ruvic LAS VEGAS Google Inc (GOOGL.O) and Samsung Electronics Co (005930.KS) will release monthly security fixes for Android phones, a growing target for hackers, after the disclosure of a bug designed to attack the world’s most popular […]

All sectors of Jeddah real estate market remain in growth phase, according to JLL

SAUDI ARABIA.  JLL, the world’s leading real estate investment and advisory firm, today has released its second quarter (Q2 2015) Jeddah Real Estate Overview report that assess the latest trends in the office, residential, retail and hotel sectors. Mr Jamil Ghaznawi, National Director and Country Head of JLL KSA, commented: “In the second quarter, the Jeddah real estate market remained in the upturn stage of its cycle. […]

Egyptian Militants Tied to ISIS Threaten to Kill Croatian Hostage

CAIRO — Egyptian militants affiliated with the Islamic State extremist group have threatened to kill a Croatian hostage within 48 hours unless the Egyptian government releases female prisoners, according to a video released Wednesday. It was the first time in a two-year-old campaign of violence against the government that the militants had kidnapped or threatened to execute a foreigner, raising new fears of more attacks. Many analysts […]

Israeli Court Orders Meir Kahane’s Grandson Held in Crackdown on Jewish Extremists

JERUSALEM — He has the pedigree: Meir Ettinger is the grandson and namesake of Meir Kahane, the slain American-Israeli rabbi considered the father of far-right Jewish militancy. He has the record: For years, Mr. Ettinger has joined the radical group of Israeli settlers known as the hilltop youth in clashes with Palestinians and Israeli forces, leading to a ban on his entering Jerusalem or the occupied West […]

Israeli Justice in West Bank Is Seen as Often Uneven

JERUSALEM — The how-to manual in Hebrew reads like a chilling premonition. Among its recommendations, how to set fire to a Palestinian house: “Stock up with a petrol bomb, preferably of a liter and a half; a lighter; gloves; a mask; a crowbar/hammer; a bag to carry it all. When you get to the village, search for a house with an open door or window without bars.” […]

Kerry, in Egypt, Discusses Balancing Human Rights and Terror Fight

CAIRO — Secretary of State John Kerry told the Egyptian authorities on Sunday that they would not be able to defeat terrorism at home unless they showed greater respect for human rights. “The success of our fight against terrorism depends on building trust between the authorities and the public,” Mr. Kerry said at a joint news conference with his Egyptian counterpart. “If that possibility does not exist, […]

Africa 2020 presents exciting opportunities for asset managers, finds PwC report

INTERNATIONAL.  New research from PwC projects that traditional assets under management (AuM) in 12 markets across Africa will rise to around $1,098 billion by 2020, from a 2008 total of $293 billion. This represents a compound annual growth rate (CAGR) of nearly 9.6%. Traditional asset management, in particular the mutual fund industry, is expanding aggressively across Africa. This will largely be driven by a number of factors: […]

Insight – Apple, BMW in courtship with an eye on car collaboration

FRANKFURT/SAN FRANCISCO BMW (BMWG.DE) and Apple (AAPL.O) may rekindle a courtship put on hold after an exploratory visit by executives of the world’s top maker of electronic gadgets to the headquarters of the word’s biggest seller of premium cars. Apple Chief Executive Tim Cook went to BMW’s headquarters last year and senior Apple executives toured the carmaker’s Leipzig factory to learn how it manufactures the i3 electric […]

Solar Impulse backers vow to see project ‘to the end’

ABU DHABI // Bertrand Piccard, co-founder of the Solar Impulse project and one of the pilots of Solar Impulse 2, the world’s first totally solar-powered aircraft, is looking to his staunchest supporters for funds to continue his journey around the world. Mr Piccard returned to Switzerland looking for €20 million (Dh80m) to repair the damage caused to Solar Impulse 2 as it flew to Hawaii. As the […]

Arqaam fined for money laundering

The regulator of Dubai’s financial free zone said on Wednesday it had fined Arqaam Capital $50,000 after investigating the Dubai-based investment bank over compliance with anti-money laundering rules. The investigation followed a periodic risk assessment by authorities that identified deficiencies in Arqaam’s systems and controls to prevent money laundering, the Dubai Financial Services Authority said in a statement. The DFSA said its agreement with Arqaam did not […]

Attention now shifts to VAT

|TAP Special By K Raveendran| With the fuel subsidies issue having been settled, attention now shifts to the possibilities of introducing value added tax as another option to bolster the UAE’s financial resources. Starting August 1, 2015, special grade petrol across fuel stations in the UAE will cost Dh2.14 per litre, up 24.4 per cent from Dh1.72. The super grade will cost Dh2.25, up 22.9 per cent […]

UAE plane brings medical supplies to war-torn Aden

ADEN // An Emirati plane landed in Aden at dawn on Friday, bringing humanitarian aid to the southern Yemeni city only hours after its airport came under rocket fire from rebels. In total, four aircraft have arrived at the port city since the symbolic reopening of Aden’s international airport on Wednesday, which followed nearly four months of fierce fighting. The UAE plane delivered medical supplies from the […]

Lives: Charmed

July 24, 2015 By LAILA LALAMI One afternoon last April, I stood in the doorway of my daughter’s room, watching her prepare for a big recital. She was going to perform with her middle-school orchestra in Santa Monica. She packed her violin, rosined her bow, put on a black dress and tamed her wild hair into a bun. ‘‘There,’’ she said. ‘‘I’m ready.’’ How lovely she looked, […]