ABU DHABI // The last of the Emirati soldiers who sacrificed their lives defending the people of Yemen arrived home on Saturday, bringing the total number killed to 52. The servicemen died alongside Saudi Arabian and Bahraini troops when a missile fired by Iran-backed Houthi rebels hit an arms depot in Marib province nine days ago. Their bodies were received in a ceremony at Al Bateen Airport, […]
Middle East By BEN HUBBARD September 11, 2015 IZMIR, Turkey — A large construction crane toppled over and crashed into the Grand Mosque in the holy city of Mecca on Friday, killing at least 107 people and raising fears about the safety of the site before the yearly hajj pilgrimage that is expected to bring in millions of visitors to Saudi Arabia this month. Saudi Arabia’s civil defense authority […]
The Dubai Health Authority has awarded contracts worth Dh24 million ($6.5 million) to Emirati entrepreneurs in the last three and a half year, falling under the small and medium enterprise (SMEs) classification, according to a top officials. Eman Khalfan Al Jallaf, director of purchasing and contracts department at the DHA, said that in line with the vision of Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime […]
ABU DHABI // As Sheikh Mohammed bin Zayed continued to meet the families of the 45 servicemen who were killed in Yemen one week ago, charitable organisations and leaders have offered to provide support to their families. Sheikh Mohammed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, met bereaved families in Fujairah and Ras Al Khaimah. And, in the capital, Sheikh Rashid […]
TOP BRASS FALLS BACK ON SONIA AGAIN By Kalyani Shankar This week’s Congress Working Committee resolution to continue its president…
UAE. JLL, the world’s leading real estate investment and advisory firm, has today published a special report on the middle-income housing segment in the Middle East and North Africa region. The report highlights the social and economic impact of a marked shortfall in the required supply of middle-income housing, suggesting that significant efforts are needed to address the current imbalance. The report clearly outlines that this shortage […]
ABU DHABI // Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, led condolences for 45 soldiers killed on Friday in Yemen, with a visit to some of the servicemen injured in the attack. Sheikh Mohammed visited the men at Zayed Military Hospital. He praised the soldiers’ steadfastness, heroism and dedication while defending their rights and supporting their brothers […]
A customer points at a screen displaying a website of Alibaba’s Taobao at a rural service centre in Yuzhao Village, Tonglu, Zhejiang province, China, July 20, 2015. Reuters/Aly Song Alibaba Group Holding Ltd (BABA.N) said on Tuesday it expected second-quarter gross merchandise volume (GMV) to be lower than its initial estimates due to weaker consumer spending in China. The company’s shares reversed course and slipped as much […]
|By Matein Khalid| The Federal Reserve could well raise its overnight borrowing rate at the next FOMC monetary policy conclave on September 17. Though contagion from China’s 40% stock market meltdown has triggered bear markets from Hong Kong to Frankfurt and plunged Asian/emerging markets equities into ta ghastly replay of 1998’s epic meltdown (General Suharto’s overthrow, the Russian rouble default, Malaysia’s capital controls, the run on the […]
BAGHDAD — Having sold his car for $4,600, and then some of his wife’s jewelry, and having loaded his smartphone with photographs of his five children, all that was left for Haider Abdella to do was say goodbye. “From yesterday to today, we are crying,” he said. His mother sat next to him on the couch, sobbing. “He’s never left me before, from when he was a […]
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, on Monday praised the loyalty and dignity shown by the families of the 45 Emirati heroes, who were killed in Yemen last Friday. Sheikh Mohammed’s comments came as the body of one of the 45 arrived at Al Bateen Airport in Abu Dhabi after identification in Saudi Arabia. The fallen soldier was given full ceremony and attended […]
Sheikh Saif bin Zayed offers his condolences to the family of Obaid Saeed Al Mazrouei in Ras Al Khaimah. Wam The Deputy Prime Minister offers his condolences to the family of Rashid Saeed Al Hebsi in Ras Al Khaimah. Wam The Minister of Interior, Sheikh Saif bin Zayed, offers his condolences to the family of Ali Hassan Al Shehi in Ras Al Khaimah. Wam Lt. Gen Sheikh […]
As war heroes’ bodies come home, Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces tells Yemen: ‘We are with you until the mission is accomplished’ The UAE on Saturday buried its war heroes, began three days of mourning for their sacrifice and pledged unceasing military and humanitarian efforts to restore peace,security and stability to Yemen. The bodies of […]
ABU DHABI // Some had never met them personally, others did not even know their names, but this did not stop thousands turning out for the funerals of two of the fallen servicemen. On Saturday at Bani Yas Cemetery, the services took place for Mohammed Al Hosani and Mohammed Khalid, two of the 45 soldiers killed in the Yemen rocket attack. Mohammed Al Mazroui attended the funeral […]
ABU DHABI // Rulers of the emirates, officials and leaders from abroad on Saturday joined the nation in mourning and honouring the 45 heroes who fell in Yemen’s defence on Friday. Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, received condolences from Kuwait, Qatar, Egypt, Bahrain, Morocco, Saudi Arabia, and from the French defence minister Jean-Yves Le Drian. […]
SAN FRANCISCO Ride services Lyft and Uber have poached dozens of key Twitter Inc (TWTR.N) employees over the past year, including top engineering managers, to help personalize their apps. Twitter’s management turmoil and 44 percent stock fall over the last 12 months have helped Lyft and Uber recruit key talent, as the micro-blogging site’s employees look to recreate its early success elsewhere, tech recruiters said. At least […]
ARCHRIVALTRINAMOOL GETS CLOSER TOBJP NOW By Ashis Biswas With West Bengal Assembly polls now only months away, political alignments between…
Middle East Refugees from Syria walked down the railway in Horgos, Serbia, on Sunday before crossing into Hungary. By ANNE BARNARD September 4, 2015 BEIRUT, Lebanon — Arresting images of desperation on the West’s doorstep have brought Syria, for the moment, back to worldwide attention: refugees cramming into train stations and climbing border fences; drowned Syrian toddlers washing up on beaches, a girl in polka dots, a boy in […]
BAGHDAD — In the early morning darkness on Wednesday, masked gunmen in military uniforms rolled up in more than a dozen black sport utility vehicles to a construction site on the edge of Baghdad, subdued the guards and roused 17 Turkish workers and their Iraqi translator from sleep and kidnapped them. Iraqi security officials spent the day scrambling to find the men, who were building a soccer […]
People walk in front of the HCL Technologies Ltd office at Noida, on the outskirts of New Delhi April 17, 2013. Reuters/Mansi Thapliyal/Files LONDON English Premier League club Manchester United said on Wednesday it had signed a partnership deal with IT firm HCL Technologies to improve its website and app as it gears up to launch a new digital media strategy. The 20-time league winners have struggled […]
|By Matein Khalid| Hong Kong now trades at 9.6 times earnings and 0.86 book value. Hang Seng valuations were gutted by the protest movements in Central and the Shanghai financial meltdown. The Hang Seng index is down 25% since late May and now trades at six times forward earnings, its post Lehman, post 2014 bottom. Hong Kong trades at its lowest price/book value since the Asian flu […]
UAE. With a 54% decline in the price of oil prices during the past 12 months the United Arab Emirates (UAE) real estate market is now beginning to feel the effect with property transaction levels falling across Abu Dhabi, Dubai and Sharjah, according to the latest research from international real estate consultancy, Cluttons. Cluttons’ annual 2015 UAE Property Report reveals that the direct correlation between hydrocarbon revenues […]
Middle East Memo From the West Bank In the 10th year of a four-year term in the absence of national elections, Mahmoud Abbas, the Palestinian president, has lost the public’s confidence. A poll published on Tuesday showed trust in him falling to 16 percent from 22 percent in March. By JODI RUDOREN September 1, 2015 RAMALLAH, West Bank — Mahmoud Abbas, the aging Palestinian president, may be paving the way […]
