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India’s Polar Satellite Launch Vehicle (PSLV- C30) carrying ASTROSTAT, India’s first observatory satellite, lifts off from the Satish Dhawan Space Centre in Sriharikota, India, September 28, 2015. Reuters/Stringer NEW DELHI India launched its first space research observatory and several U.S. satellites on Monday, part of Prime Minister Narendra Modi’s drive to expand his country’s influence in the competitive, $300 billion global space industry. The observatory, named ASTROSAT, […]

Middle East A Syrian man near the Temple of Baal in Palmyra, Syria, in 2014. By ANNE BARNARD, HWAIDA SAAD and KENNETH ROSEN August 31, 2015 BEIRUT, Lebanon — Conflicting reports emerged Monday about the extent of damage that Islamic State militants in Syria have inflicted on the Temple of Baal, one of the most important structures in the ancient city of Palmyra. In their second attack on the world-renowned ruins in […]

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 […]

RAMALLAH, West Bank — Five Palestinian men, including at least three members of the military wing of the Fatah faction, were arrested on Wednesday, accused of planning and executing a particularly audacious shooting last month, the Israeli military and police said. The shooting, which killed one Israeli man and wounded another, came amid a wave of attacks targeting Israeli civilians and military forces in the occupied West […]

UAE. Dubai continued to see steady supply growth during the first six months of the year, as performance within the residential and hospitality markets began to soften after a three year period of sustained growth, according to the Q2 2015 Dubai MarketView by global property consulting firm CBRE. According to the CBRE report, Dubai’s rental market continues to outperform the transactional market in 2015, although residential leasing […]

Open Source By ROBERT MACKEY Apparently undeterred by the backlash over its last venture into cartoon diplomacy, Israel’s government released an animated video on Tuesday that equates the threat from Islamic State militants to that of a nuclear-armed Iran. The 28-second animation, uploaded to Prime Minister Benjamin Netanyahu’s official accounts on social networks, attempts to erase the distinction between the Sunni Muslim extremists of the Islamic State […]

WASHINGTON — The State Department issued a dismal assessment of Iran’s record on human rights on Thursday, saying that the Iranian authorities had stifled dissent and engaged in “unlawful killings.” The assessment, part of a broad overview of human rights practices around the world, was published one day before Secretary of State John Kerry is to leave for Vienna to try to conclude a nuclear accord with […]

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By KAREEM FAHIM June 16, 2015 BAGHDAD — Al Qaeda’s affiliate in Yemen released a video statement on Tuesday confirming the death of its leader, Nasser al-Wuhayshi, in an American missile strike last week. His death was also confirmed by the Obama administration on Tuesday. Mr. Wuhayshi, 38, who had led Qaeda operations in Yemen since 2002 and was also the global extremist network’s second-ranking leader, was killed along […]

UAE. Invesco today released its third annual Invesco Global Sovereign Asset Management Study[1], an in-depth report on the complex investment behaviour of sovereign wealth funds, conducted amongst more than 50 individual sovereign investors across the globe representing $7.09 trillion2 of assets, including Middle East based sovereign wealth funds. This year’s study took place against a backdrop of an extreme fall in the price of oil and provides […]

BAHRAIN. Fitch Ratings has downgraded Bahrain’s Long-term foreign currency Issuer Default Rating(IDR) to ‘BBB-‘ from ‘BBB’ and Long-term local currency IDR to ‘BBB’ from ‘BBB+’. The Outlooks are Stable. The issue ratings on Bahrain’s senior unsecured foreign and local currency bonds have also been downgraded to ‘BBB-‘ from ‘BBB’ and ‘BBB’ from ‘BBB+’, respectively. The agency has simultaneously affirmed Bahrain’s Country Ceiling at ‘BBB+’ and Short-term foreign […]

Tariq Aziz, left, in 1992 at the United Nations as deputy prime minister of Iraq, talking with Chinmaya Rajaninath Gharekhan, the Indian delegate, at a meeting of the Security Council. By ALISSA J. RUBIN June 5, 2015 Tariq Aziz, the Iraqi foreign minister and deputy prime minister who for decades was the most public face of Saddam Hussein’s government on the world stage, died on Friday in Nasiriya, Iraq, where […]

By ALISSA J. RUBIN June 5, 2015 Tariq Aziz, the Iraqi foreign minister and deputy prime minister who for decades was the most public face of Saddam Hussein’s government on the world stage, died on Friday in Nasiriya, Iraq, where he had been imprisoned. He was 79. Adel Aldikhaly, the deputy governor of Nasiriya, said Mr. Aziz had had a heart attack after “a long-term incurable disease” and was transferred […]

JORDAN.  Technology will be a “game changer” in tackling youth unemployment in the Middle East and North Africa’s emerging Digital Economy, but only if the government, private, and people sectors collaborate effectively, according to a new report released on the eve of the World Economic Forum on the Middle East and North Africa (MENA) 2015. The report “Re-Dynamizing the Job Machine: Technology-Driven Transformation of Labor Markets in […]

|By TAP Staff| The US CFTC has filed a civil action against Heet Khara and Nasim Salim, residents of the United Arab Emirates, alleging that they engaged in ‘spoofing’ in the gold and silver futures markets – placing bids and offers with the intent to cancel them before execution, online news publisher Hedgeweek reported. Based on Defendants’ pattern of unlawful spoofing conduct and the potential for dissipation […]

|By Shakir Noori| The images captured by mobile cameras flicker across the television screen, much in the manner of old Hollywood wild-west movies. The blue waves of the Mediterranean turn crimson with the blood of Egyptian workers in Libya, transforming the small screen into an inferno of bloody rivulets. And yet again, as I sit a spectator to Daesh’s (self-proclaimed Islamic State of Iraq and the Levant) […]

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 […]

DUBAI, 8 hours, 45 minutes ago Software AG, a leader in enterprise management software, has appointed Rami Kichli as its new vice-president for the firm’s UAE division. Kichli will expand the company’s Middle Eastern business and reinforce the company’s position as the leading provider of digital business platform solutions through product innovation, strategic acquisitions, and a strong customer focus, said a company statement. The new vice president […]

NEW DELHI: The National Democratic Alliance (NDA) government on Thursday approved an outlay of Rs 43,033 crore to fund an ambitious initiative to supply electricity through separate feeders for agricultural and rural domestic consumption, aimed at providing round-the-clock power to village households.   In addition, the cabinet also approved spending Rs 32,612 crore on an integrated power development initiative, which involves strengthening sub-transmission and distribution systems, according […]

Mumbai: The board of Securities and Exchange Board of India (Sebi) on Wednesday cleared big-bang market reforms, including a move to replace the two-decade-old insider-trading rules with the new prohibition of insider trading (PIT) regulations, and amending the existing delisting regulations. Additionally, Sebi approved new reforms in consent mechanism under which it will give entities found violating securities laws the option of settling the matter before the […]

NEW DELHI: The government is working on big-ticket financial package for about 1,30,000-mw thermal and hydro power plants worth over Rs 6,00,000 crore that are hit by severe funds crunch while continuing to face cost and time overruns.   Officials said the Department of Financial Services will shortly recommend a series of steps to the Reserve Bank of India.   These include lenders providing additional debt to […]

KOLKATA: State-run NTPC, the country’s biggest power generator and thermal coal consumer, plans to acquire at least 26 per cent stake in coal mines abroad to secure longterm fuel supplies for all its power plants, a senior executive said.   This is a shift from the company’s earlier stance of seeking only minority stakes in such mines to ensure fuel for plants that operate only on imported […]

By Nantoo Banerjee Given the size of the country’s domestic market of goods and services, the prime minister’s vision of manufacturing in India is no doubt a very practical idea not only from the point of view of the scale of local consumption but also the opportunity it holds for the export of surplus production. No country can sustain an import-led economy forever. However, its success will […]

NEW DELHI: Suresh Prabhu is set to play a key role in drafting policy on natural resources and infrastructure in the Narendra Modi government. The Shiv Sena member has been given an office in South Block, where the Prime Minister’s Office is located, and is expected to be given cabinet rank.   Prabhu is also expected to look after the organisation that will succeed the Planning Commission […]

Mumbai: It’s exactly 125 years since the first oil deposits were discovered in India. The big push to India’s oil and gas sector came after the early 1990s, when it was opened up to private players. Yet, the sector is still dominated by public sector undertakings (PSUs) such as Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) in oil and gas exploration and production; […]

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