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|By Arabian Post Staff| The United Arab Emirates may cut government spending as a result of the slump in oil prices, Central Bank Governor Mubarak Rashed Al Mansoori indicated. The decline in the government’s oil revenue “may trigger further fiscal consolidation, albeit at a gradual pace, to preserve priority spending in support of non-oil growth,” Al Mansoori said at a conference in Dubai on Monday. Oil accounted […]

Off the Cuff

|By Arabian Post Staff| Young people in the UAE have revealed what they want for, and from, the future of major events in an international study launched ahead of the Host Cities 2015 summit. It finds young people in Dubai are most confident globally in their city’s readiness to host a major event and will overwhelmingly back a ‘home bid’ – with the FIFA World Cup their […]

Talking Point

|By Arabian Post staff| The rise of intelligent machines represents the evolution of the next industrial revolution, which will bring about a paradigm shift in the way we live and work, a special report on the subject by BankofAmerica-Merrill Lynch says. Robots and AI are becoming an integral part of our daily lives as providers of labour, mobility, safety, convenience, and entertainment. The year 2014 was the […]

Featured

|By Arabian Post Staff| Dubai’s external debt continues to be at tight spreads, given still high leverage and refinancing challenges but this is somewhat offset by certain positive aspects, a Bank of America-Merrill Lynch research report said. The positives include still solid local bid on the shorter end of the curve and its low-beta defensive status within an emerging markets context. The Iran nuclear deal is another […]

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|By Arabian Post Staff| A scenario of continued fall in oil prices, OPEC oil export revenue could fall by a quarter despite the higher output, according to International Energy Agency outlook for oil. In the Low Oil Price Scenario, the Middle East’s share in the oil market ends up higher than at any time in the last forty years, it says. According to IEA, lower prices are […]

Health

|By TAP Staff| Dr David Alessi, the Beverley Hills-based plastic surgeon who helped many a celebrity transform their faces and body shapes to keep pace with the latest trend in high fashion, will soon be available in Dubai and Abu Dhabi for the benefit of people in the UAE and the region. The founder and medical director of Alessi Institute located in Beverly Hills is currently here […]

Middle East

MOSCOW — Russia widened its bombings in Syria on Friday, striking Islamic State territory for the first time, but showed no hint of heeding Western demands to avoid attacks on fighters pushing to oust Syria’s weakened, Kremlin-backed president. The Defense Ministry said its warplanes had bombed seven targets in overnight raids including a command post and training camp near Raqqa, the northeast Syrian city that the Islamic […]

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Featured Blogs

INTERNATIONAL. Gleaming glass skyscrapers, state-of-the-art technology, and wealthy merchant families have replaced the Gulf’s muddy towns and villages populated by traders and pearl fishers that once lacked electricity, running water or modern communications. The region’s modern day projection of a visionary cutting- edge, 21st  century urban environment masks however the fact that some things have not changed. Gulf states continue to be ruled by the same families, […]

Middle East

News Analysis President Obama in Washington on Wednesday. White House aides said Mr. Obama had always been skeptical about training Syrian rebels. By PETER BAKER September 17, 2015 WASHINGTON — By any measure, President Obama’s effort to train a Syrian opposition army to fight the Islamic State on the ground has been an abysmal failure. The military acknowledged this week that just four or five American-trained fighters are actually […]

Middle East

Middle East Patients waited to receive medical-transfer documents in Gaza City in August. By JODI RUDOREN August 31, 2015 GAZA — The medical report details some worrying conditions: chronic dyspnea — a shortage of breath that could be a sign of heart or lung disease — and bronchial asthma. It says the patient, a 28-year-old woman from Gaza City, relies on “continuous medication” and an inhaler. But the woman […]

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Middle East

CAIRO — About 150 people are believed to have drowned off western Libya after a fishing boat and a smaller boat carrying migrants sank in the Mediterranean, Libyan and international relief officials said on Friday. A spokesman for the Libyan Red Crescent, Mohamed al-Misrati, put the confirmed death toll from the two vessels at 105 people and said that 30 to 40 people were still missing. He […]

Middle East

People gathered near the site of a bomb blast on the outskirts of Cairo on Friday. A study found that public turmoil, war and other crises can be associated with declining air pollution in the Middle East. By JOHN SCHWARTZ August 21, 2015 Civil unrest and humanitarian crises can now be detected from space — because of, somewhat surprisingly, cleaner air. A paper published on Friday in the journal […]

Middle East

LONDON — In a significant indication of warming Western relations with Iran after a deal limiting its nuclear program, Foreign Secretary Philip Hammond will reopen Britain’s embassy in Tehran, probably on Sunday, British officials said Thursday. Four years ago, in November 2011, the ambassador’s residence there was ransacked and the British flag burned by protesters angry about the economic sanctions imposed on Iran in response to its […]

Featured Blogs

UAE. In response to a plethora of exogenous (dollar strength, oil price declines, etc.) as well as endogenous (numerous real estate launches, doubling of transaction fees, Central Bank caps on mortgage etc.) factors, prices and transactional activity have fallen across the freehold markets. In response, Developers in Dubai have offered a variety of incentives to galvanize sales in the form of payment plans that have often stretched […]

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Middle East

RAS LAFFAN, Qatar — The temperature hovered around 100 degrees on the jetty here, where a set of pipes were connected to a giant red-hulled ship. But the moisture in the air froze on the pipes and flaked off, creating snowlike flurries on the early summer evening. The incongruous sight is common on the Qatari ship, the Al Rekayyat, which carries a frigid fuel known as liquefied […]

Middle East

JERUSALEM — The two issues with perhaps the broadest consensus and resonance in Israeli politics are opposition to the Iran nuclear deal and support for the release of Jonathan J. Pollard, the convicted Israeli spy, from a North Carolina prison. Now the two could be tied together, as some in Washington appear to be highlighting Mr. Pollard’s likely parole in November in hopes of quieting the vigorous […]

Featured Blogs

UAE Exchange in community development partnership DUBAI, 3 days ago UAE Exchange, a leading remittance, foreign exchange and payment solutions brand, has extended its philanthropic arm by partnering with Community Development Authority of Dubai to benefit various local community groups, educational institutions, charitable organisations, labour camps and government departments. Varghese Mathew, country head – UAE, said: “We are an organisation that is committed to the betterment of […]

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What's On

An updated version of Microsoft’s Power BI service will be released July 24, the company announced Friday. The goal of the updated service is to enable business users to benefit from business intelligence and analytics without requiring sophisticated help from analysts, data scientists, or other tech staff. The new set of business-intelligence tools will replace Microsoft’s current Power BI for Office 365 service. Also available on July […]

Middle East

VIENNA — One of the last major obstacles to concluding a historic nuclear deal with Iran is a dispute over a set of United Nations sanctions that appeared to be resolved months ago and only peripherally has to do with nuclear weapons. The sanctions, passed in a series of resolutions by the United Nations Security Council beginning nine years ago, ban the shipment of conventional arms into […]

Middle East

VIENNA — One of the last major obstacles to concluding a historic nuclear deal with Iran is a dispute over a set of United Nations sanctions that appeared to be resolved months ago and only peripherally have to do with nuclear weapons. The sanctions, passed in a series of resolutions by the United Nations Security Council beginning nine years ago, ban the shipment of conventional arms into […]

Featured Blogs

Dubai and the mid- market hotel sector …stable performance. Dubai hotels sector focus shifting to mid-market DUBAI, 11 hours, 43 minutes ago Dubai is seeing a shift towards the development of mid-market hotels, underpinned by government incentives, a growing middle class in key source markets and the rise of a younger, more cash constrained guest profile, a report said. Strong demand for branded mid-market hotels has helped […]

Middle East

By ANNE BARNARD and MAHER SAMAAN July 3, 2015 BEIRUT, Lebanon — The fiercest fighting in months raged in the divided Syrian city of Aleppo on Friday, as newly reorganized insurgents carried out a new offensive on government-held areas. Two insurgent coalitions — a new one that includes the Nusra Front, Al Qaeda’s branch in Syria, and one formed in May by local factions long active in Aleppo — attacked simultaneously […]

Featured Blogs

GCC construction … buoyant. GCC construction sector in major growth phase DUBAI, 1 days ago The GCC construction industry foresees growth for the next three years, encouraged by factors such as favourable macroeconomics, positive demographics, and rising tourism activities, said an industry expert. “Higher budget allocation towards construction sector, as part of the strategic vision of the member nations, lends an added push to the industry,” added […]

Middle East

Five former members of President Obama’s inner circle of Iran advisers have written an open letter expressing concern that a pending accord to stem Iran’s nuclear program “may fall short of meeting the administration’s own standard of a ‘good’ agreement” and laying out a series of minimum requirements that Iran must agree to in coming days for them to support a final deal. Several of the senior […]

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