Video | Hollande Discusses Kidnapping in Yemen President François Hollande of France confirmed that a Frenchwoman had been kidnapped in the Yemeni capital, Sana. By ALISSA J. RUBIN February 24, 2015 PARIS — A Frenchwoman who works for the World Bank was kidnapped on Tuesday in front of a ministry office in Sana, the Yemeni capital, according to security officials there and President François Hollande of France, who took the […]
By DAVID D. KIRKPATRICK February 24, 2015 A Cairo court on Tuesday acquitted former President Hosni Mubarak’s longtime interior minister of the last of several criminal charges that have kept him behind bars, opening the potential for his release. The acquittal of the former minister, Habib el-Adly, is the latest in a long string of rulings since the 2013 military takeover that have exonerated former officials jailed after the Arab […]
Egypt … struggling to cope with energy demandfrom a population of 85 million Egypt aims to halt gas imports in 2020 – minister CAIRO, 11 hours, 19 minutes ago Egypt hopes to halt liquefied natural gas imports in 2020, Oil Minister Sherif Ismail said on Monday, as projects to develop its own gas fields are completed. The Arab world’s most populous nation is struggling to cope with […]
|By A. Gary Shilling| At about $50 a barrel, crude oil prices are down by more than half from their June 2014 peak of $107. They may fall more, perhaps even as low as $10 to $20. Here’s why. U.S. economic growth has averaged 2.3 percent a year since the recovery started in mid-2009. That’s about half the rate you might expect in a rebound from the […]
David and Charles Koch If you doubt whether Republicans are serious about defeating Hillary Clinton, consider this: At a California meeting last week headed by billionaire industrialists Charles and David Koch, an $889 million budget was unveiled before the network of conservative donors they assembled. Some have gone so far as to suggest this essentially makes the Koch network America’s “third” political party. After all, their warchest […]
Video | Israel Remembers Jewish Paris Victims The Israeli president, the prime minister and the wife of one of the four Jewish victims in a Paris kosher market attack spoke at the burial ceremony for the slain men in Jerusalem. By JODI RUDOREN January 13, 2015 JERUSALEM — They were buried Tuesday not in the land where they had made their homes but in what was described as their […]
|By Florence Tan and Henning Gloystein|Even as Saudi Arabia and its Gulf OPEC allies appear united in their refusal to cut output to boost global oil prices, they are becoming locked in an increasingly fierce battle to secure market share in Asia. Oil prices have slumped below $50 a barrel, the weakest since 2009, triggering a price war between producers to secure customers in Asia. And the […]
Kalban … expansion plans. Dubai Investments plans $108m acquisitions DUBAI, 1 days ago Dubai Investments (DI), a leading investment company listed on the Dubai Financial Market, has announced expansion plans across its diversified portfolio, which include two new acquisitions worth Dh400 million ($108 million). The new acquisitions in the financial and real estate sectors, to be finalised soon, are expected to reinforce Dubai Investments’ robust growth across […]
Liana Technologies ….. shortlisted in the European Business Awards competition. Liana Technologies nominated for European Business Award DUBAI, 1 days ago Liana Technologies, a leading online marketing software provider in the Middle East, has been shortlisted in the European Business Awards competition, for the Customer Focus category. The company is one of the national finalists, in which succeeding requires customer-focused products and services and high quality. The […]
Politicians have exchanged blows over the A&E crisis Photo: Alamy The A&E crisis is rapidly becoming the dominant story of the election. Last week, Ed Miliband and David Cameron laid into each other in blood-curdling terms. The Tory denounced as “disgusting” his rival’s plan to “weaponise” the NHS as a political issue; his Labour rival proclaimed that this was “a crisis on his watch, as a result of […]
The Jetsons probably had no idea how soon the average American would see robots become a reality. At the Consumer Electronics Show in Las Vegas this week, a number of devices showed the futuristic concept is here and now. Robotics exhibits at CES grew 25 percent from last year’s show, according to the event’s organizers. “It speaks to the category’s growth and ability to disrupt and transform […]
Dubai International Capital (DIC) is launching the sale of German alumina products maker Almatis as the fund seeks to reduce its liabilities in the wake of a debt restructuring, three people familiar with the deal said. DIC has mandated Barclays to explore the options of the possible divestment, the people said on Thursday. Almatis is around 80 percent owned by DIC with a stake also held by […]
Dubai Islamic Bank will reopen the Gulf bond market next week with a capital-boosting sukuk, the region’s first debt offering in two months as financial markets there wobbled under the impact of falling oil prices. A successful offering would not just bolster reserves at DIB, the largest Islamic bank in the United Arab Emirates, but also pave the way for others who may have been waiting to […]
INTERNATIONA. Oil fell in 2014 by the most since the 2008 global financial crisis as U.S. producers and the Organization of Petroleum Exporting Countries ceded no ground in their battle for market share amid a supply glut. The U.S. benchmark ended at a five-year low yesterday, capping a 46 percent drop in 2014, as stockpiles of crude oil and gasoline reached seasonal record highs and as OPEC […]
ABU DHABI // One of two brothers accused of killing a middle-aged man in a road-rage attack has had his death sentence upheld by a second Appeals Court – and approved by the Court of Cassation. The Emirati siblings were accused of harassing the victim, also an Emirati, as he drove to move out of their way. They then blocked his way to force him to stop, […]
Op-Ed Contributor By DENNIS B. ROSS January 4, 2015 WASHINGTON — THE president of the Palestinian Authority, Mahmoud Abbas, insists on using international institutions to pressure Israel, even after he was rebuffed in the United Nations Security Council, where he sought a resolution mandating Israeli withdrawal from the West Bank and East Jerusalem. Mr. Abbas has now announced that he will turn to the International Criminal Court — a move […]
Falling world oil prices will hurt countries across the Middle East unless Saudi Arabia, the world’s biggest crude exporter, takes action to reverse the slump, Iran’s deputy foreign minister told Reuters. Hossein Amir Abdollahian described Saudi Arabia’s inaction in the face of a six-month slide in oil prices as a strategic mistake and said he still hoped the kingdom, Tehran’s main rival in the Gulf, would respond. […]
Women in the Mena region mostly seek employmentin order to be more financially independent. Majority of Mena women see gender equality in jobs DUBAI, 2 days ago While 51 per cent of women in the Mena region consider recruitment and selection opportunities are regardless of gender, 31 per cent believe that women are treated less favourably in terms of salary, a report said. Women in the Mena […]
Sony Pictures Entertainment was warned by hackers to “obey” or else, now the entertainment giant is warning news organizations how to treat its stolen data in the wake of the attack. Sony Pictures attorney David Boies wrote a three-page letter to several news media outlets, noting that the Sony documents were stolen information, and that anyone who received a copy should not review them — but rather […]
|By TAP Staff| A shortage of prime office space in Dubai, which is being underpinned by robust demand, has translated into strong upward pressure on rents across the city, and a rapidly diminishing supply of Grade A space in more centrally located submarkets and freezones, according to the latest research from international real estate consultancy Cluttons. Cluttons’ Dubai Winter 2014 Commercial Market Outlook report shows that during […]
A fresh drop in the price of oil looks likely to put more pressure on Sunday on stock markets in the Gulf, where investors appear to be waiting for the commodity to stabilise before opening new positions. Brent crude dropped nearly 3 percent and settled at below $62 a barrel on Friday after the International Energy Agency cut its outlook for demand growth in 2015. A plunge […]
Benchmark U.S. oil prices are poised to test $55 a barrel after a six-month rout pushed crude to the lowest in five years. West Texas Intermediate crude ended below $58 today for the first time since May 2009 after the International Energy Agency cut its global demand forecast for the fourth time in five months. Prices are down 46 percent from this year’s highest close of $107.26 […]
India wants to buy more rough diamonds directly from mining companies as the world’s biggest polisher of the gems seeks to bypass traditional dealers. Prime Minister Narendra Modi called on more major suppliers such as Russia’s OAO Alrosa to sell directly to India, which polishes 80 percent of the world’s diamonds, avoiding trading centers such as Antwerp and Dubai. Speaking alongside President Vladimir Putin in New Delhi […]
Etisalat launches mobile billing for Windows app ABU DHABI, 6 days ago UAE’s leading telecommunications operator Etisalat in partnership with Microsoft has launched carrier billing for the Windows Phone Store app. It will allow Etisalat’s customers to charge their purchases directly to their monthly mobile bill or prepaid account, said a statement. Khaled ElKhouly, chief marketing officer at Etisalat UAE, said: “Our customers live fast-paced and busy […]
