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SAUDI ARABIA.  JLL, the world’s leading real estate investment and advisory firm, today released its second quarter (Q2 2015) Riyadh Real Estate Market Overview that asses the latest trends in the office, residential, retail and hotel sectors in Saudi Arabia’s largest city. Mr Jamil Ghaznawi, National Director and Country Head of JLL KSA, commented: “there has been relatively little change in the real estate market in Riyadh […]

The developer Meydan has announced the launch of a new scheme known as Meydan One featuring a 711m-high tower, a huge new mall, the world’s largest indoor ski slope, a 25,000 sq metres indoor sports facility, the biggest dancing fountains in the world, a beach and a civic plaza capable of hosting up to 60,000 people. It is also to contain a 100-berth marina. And, a retractable […]

DUBAI // The guiding ethos of the Dar Al Ber Society, one of the UAE’s oldest charitable organisations, was established many centuries before the first dirham was donated. “Our people have always liked to help others, including the relatives of the foreigners who have visited here,” executive director Abdullah Ali bin Zayed said. “The people who started Dar Al Ber knew there were people out there asking […]

What’s going to generate headlines this week in international news? We’re experimenting with offering readers a tip sheet. Let us know if you find it useful or what you’d like to see here. Contact [email protected]. — Hanna Ingber, Assistant Editor, International Desk MONDAY: Secretary of State John Kerry will be traveling all week, after spending the weekend in Cairo, where he pushed Egyptian officials to show greater […]

DOHA, Qatar — Persian Gulf monarchies issued a cautious endorsement on Monday of the accord Secretary of State John Kerry negotiated last month to constrain Iran’s nuclear program. “This was the best option among other options,” said Khalid al-Attiyah, the foreign minister of Qatar, who hosted a meeting of the Gulf Cooperation Council that Mr. Kerry attended. In a news conference with Mr. Kerry, Mr. Attiyah said […]

ABU DHABI // A pharmacy that has been offering a free delivery service to its customers is delighted to have been providing the service now for almost a decade. Urban Pharmacy began delivering medication in 2006. “We started it in our Electra Street branch when people could phone in an emergency, or if someone was disabled, and we would take the medicine to them,” said managing director […]

New York-based watchmaking upstarts Redux & Co. create watches that combine the look of classic pilot instruments with dive watch function. The COURG is a 39mm titanium case automatic powered by a Seiko SII caliber NH-35A movement. Strap options include ballistic nylon or Italian leather. A funded Kickstarter. This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on […]

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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.” […]

Saudi Arabia’s central bank has tightened restrictions on cash withdrawals from banks using credit cards in an effort to head off any consumer debt problems. Previously, under an informal industry arrangement customers could obtain cash advances equivalent to as much as 50 per cent of their monthly credit card spending limits, paying hefty fees to do so, bankers said. From last Thursday, an official ceiling of 30 […]

Payfort, a leading online payment service provider, has launched its installments service in the United Arab Emirates, Saudi Arabia and Egypt. The new service that makes it easy for ecommerce merchants to offer pay-via-installment options to customers and gives consumers greater purchasing power. “Many consumers show a preference for purchasing-via-installments, but methods of processing monthly installments in common usage in the region have proved cumbersome for consumers,” […]

Billions of dollars of investment emanating from the GCC and Muslim jurisdictions are increasingly seeking Shariah compliant investment opportunities in key global real estate markets, said organisers of an upcoming real estate event in London. The International Real Estate Finance (IREF) Summit, a premier real estate event in the UK is scheduled to take place on December and 2 at The Jumeirah Carlton Tower in London. The […]

Viva, Kuwait’s fastest-growing telecom operator, has reported a net profit of KD21.6 million ($71.3 million) for the first half of the year, jumping 14 per cent compared to the same period last year. Total revenues reached KD134 million ($442.5 million), growing 18 per cent when compared to KD113 million ($373.1) in H1 2014. Operational profit increased by 24 per cent, from KD20 million ($66 million) in H1 […]

Saudi Arabia’s Etihad Etisalat (Mobily), which last week slashed 27 months of profits following an accounting scandal, swung to a second-quarter net loss on Sunday that missed forecasts. Mobily, an affiliate of the UAE’s Etisalat, made a net loss of SR900.9 million ($240.2 million) in the three months to June 30, it said in a bourse statement. This compares with a profit of SR92.5 million in the […]

The Iranian energy projects market represents a $167 billion opportunity for regional and international companies as the Islamic Republic prepares for the lifting of sanctions, a report said.  According to the latest data from Meed Projects, the Mena leading projects tracking service, there are 197 individual energy (oil, gas, petrochemical, industry and utilities) projects either planned or under way in Iran, a number that could well double […]

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, […]

TEHRAN — Despite the smiling clown, a symbol of the Great Satan’s love for meat, buns and fries, there were no angry mobs punching fists in the air, shouting “Death to America”; nor did the smell of burnt American flags permeate this Tehran neighborhood. It smelled of juicy burgers, flipped by a cheerful Iranian teenager named Jahan. His kitchen was crowned with a flashing logo that looked […]

A BMW i3 electric car is seen during the opening of the 85th International Motor Show in Geneva March 5, 2015. Reuters/Arnd Wiegmann/Files VIENNA The chief executive of BMW (BMWG.DE) hinted in a German paper that there was potential for another of its “i” electric car models. “Between the i3 and the i8, there is space if you look at it from the number point of view,” […]

JALAZOUN REFUGEE CAMP, West Bank — Palestinian youths clashed with Israeli forces while thousands of Israelis flocked to rallies, all of them protesting an arson attack that killed a Palestinian toddler — a rare instance of mutual shock in a land attuned to bitter violence. Israel’s president implored the country to consider how the attack on Friday morning could have happened; Palestinians pointed to a widespread sense […]

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: […]

One person was injured and three Adnoc pumps were destroyed after a fire broke out on Friday night on a small pier servicing boaters near the fishermen’s port in Abu Dhabi. Charred remains of the houseboat could be seen floating around the burnt Adnoc station on Saturday. A thick yellow cable floating in the water cordoned off the area to nearby boaters. Witnesses said the fire started […]

DUBAI // Dubai Electricity and Water Authority (Dewa) says it has achieved “significant progress” in constructing and extending water networks in the emirate. Work to install or extend 25 kilometres of supply is under way across Dubai. “Through this project, Dewa aims to raise the efficiency of production and operations, and increase flow to meet the growing demand for water,” said Saeed Mohammed Al Tayer, managing director […]

ABU DHABI // Sky News Arabia has started broadcasting its radio service on 90.3 FM in the UAE. The frequency was previously used by the BBC World Service, which stopped broadcasting on June 30. “Our audience will receive comprehensive news bulletins 24/7 that cover a gamut of Arab and international news developments in real time. This coverage will include news focused on politics, economy, sports, as well […]

A French order to apply the “right to be forgotten” to Google searches not just across European domains but globally would risk “serious chilling effects on the Web,” according to the Internet search giant. Rather than comply, Google is asking the French agency that issued the order to withdraw it. France’s Commission nationale de l’informatique et des libertés, or CNIL, issued the global delisting order to Google […]

Protesters in Baghdad on Friday. High temperatures have made the lack of reliable electricity a bigger political issue than usual. By ANNE BARNARD August 1, 2015 BAGHDAD — In the Iraqi summer, when the temperature rises above 120 degrees Fahrenheit, electricity becomes even more of a political issue than usual. This past week, at the top of Iraqis’ agenda, it has even eclipsed war with the Islamic State. The […]

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