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UK air traffic outage inflicted £33m financial losses // xCube Access Welcomes Entrust Capital Limited  Expanding Access to Professional Portfolio Management // Emirates Group records AED 4.1 billion half-year profit // APT29-linked campaign exploits outdated Apple and Android software // Utilities pursue ₹1,992 cr in unpaid bills // Govt opposes Arlekar’s PSC action // Vance attributes Republican midterm defeats to Iran conflict // Pinarayi faults UDF over mounting road crashes // Democrats capture Senate majority with seven Republican seats // ADIA and partners establish $1.4 billion aviation venture // AI trust gap reveals distinct retail priorities: Divergent paths to consumer growth in Hong Kong and the GBA // Burying Head In “India Made Poverty Reduction” Data Is Dangerous // SC to examine students’ exam plea today // Cyberport Venture & Capital Forum 2026 Grand Opening // The “1st Greater Bay Area Health and Longevity Summit & Awards Ceremony” concludes successfully in Macao // Ta’ziz finalises $1.39bn funding for Ruwais industrial facilities // Fast Just Got Fastest: STING Energy Boost™ Celebrates Kimi Antonelli’s Formula 1® World Championship and the Fan Energy Behind It // CR Longdation Aethereal Cybersecurity × Global Cybersecurity Alliance (GCSA) Join Hands to Establish the “AI and Cybersecurity Research Centre” // Oil and chip shares retreat after Democratic victories // Middle East governments assess Iran war after US vote //

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KUWAIT. A recent report issued by KFH Research, a subsidery for KFH Group, sees continued positive outlook for the Kuwaiti construction industry, on the back of strong domestic demand in the Kuwaiti economy and a pick-up in government capital spending. Overview and Outlook “While we remain fundamentally cautious about the country’s medium-term investment outlook, we note that higher growth in bank lending over the last few months […]

By Wall Street Breakfast: EconomyEuro zone inflation continued to fall in August, with consumer prices rising just 0.3% Y/Y, well below the ECB’s target of just below 2%. The new figures released by Eurostat boost expectations that the central bank will announce further stimulus measures, and will likely result in lively discussion at the ECB’s Sept. 4 policy meeting next week. The U.S. and EU are considering […]

First-time sellers of bonds that adhere to Islam’s ban on interest are poised to revive an industry suffering its worst quarter in more than four years. Luxembourg and Hong Kong aim to market debut offerings of sukuk next month, while Kenya, South Africa, Bangladesh and Tatarstan have announced plans for maiden issues. Islamic bond sales have fallen 82 percent to $2.6 billion this quarter compared with the […]

West Texas Intermediate traded near the lowest closing price in seven months after speculators cut bullish bets and as supply rises in the U.S., the world’s biggest consumer. Brent was steady in London. Futures were little changed in New York after falling 0.3 percent yesterday. Crude inventories probably shrank by 1.8 million barrels to 360.7 million last week, a Bloomberg survey shows before an Energy Information Administration […]

UAE. With its oil wealth, population growth and strong demand for all manner of industrial and consumer goods, the Middle East and North Africa (MENA) region is an attractive market for many manufacturers. There are, however, potential pitfalls in doing business in the region, particularly when it comes to appointing local agents to distribute products in the region. Many states in the MENA region have enacted commercial […]

By P. Sreekumaran   THIRUVANANTHAPURAM: Being clever is no crime in politics. In fact, a degree of cleverness is a prerequisite for survival in the political jungle. But when you try to be too clever by half, you run the risk of facing huge embarrassment and public ridicule.   That is the fate which has befallen Chief Minister Oommen Chandy and his loyalists who stubbornly resisted KPCC […]

MUMBAI: Deposit growth at Indian banks has picked up pace after remaining subdued for two consecutive months. Latest data from the RBI show that bank deposits rose close to 14% yearon-year in the fortnight to August 8 as investments in mutual fund products flowed to term deposits. A strong deposit growth may encourage banks to lower deposit rates and may, subsequently, lead to lower lending rates, too. […]

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QATAR. International food prices have been declining in recent months, reflecting record harvests and weak global demand. Declining food prices have in turn contributed to lower inflation in the Eurozone, the United Kingdom (UK) and the United States (US). This trend, coupled with a weak Eurozone recovery and mixed economic data in the US, suggests that the risk of global deflation remains high. As such, we expect […]

By Adam Hamilton: Gold has slid during this past week on mounting fears of interest-rate hikes. Between the latest FOMC meeting’s minutes and the Fed’s annual Jackson Hole Economic Policy Symposium, American futures speculators’ rising-rate phobias have been whipped into a fever pitch. They worry gold will be crushed when the Fed eventually starts normalizing rates. But history shatters this fallacy that rising rates are gold’s nemesis. […]

Most of the rest of the world is horrified that so much British ice cream is made up of vegetable fat and air Photo: REX FEATURES The Ice Cream War was one of Scotland’s most notorious criminal cases. It involved two rival Glasgow families using ice cream vans to sell drugs and stolen goods in the Eighties. The vicious turf war culminated in arson and murder. Now, a […]

If you wanted to make a quick buck in property, Dubai would have been the place to do it in the last couple of years. And the desert of superlatives is still going strong despite a partial slowdown. According to CBRE Group , apartment prices increased by a more modest 3.2 percent in the second quarter of 2014, bringing gains over the last year to 21 percent. […]

KOLKATA: Scanty rainfall over the past three days has led to a burgeoning power deficit and a sharp rise in spot prices of electricity in the country.   The shortfall of power widened to 11,000 Mw from between 4,000 Mw and 6,000 Mw earlier, while prices at the spot market surged to as much as Rs 7.80 per unit during the peak evening period from Rs 3-4 […]

NEW DELHI: With short-term or day-ahead buying catching on in power trading, entities dealing in these have asked the government to unclog the transmission constraints and look at reforming the process, in accordance with the Electricity Act.   In the past five years, there has been a 26 per cent fall in power rates in the day-ahead market and sales volume has grown 90 per cent.   […]

OPEC is not worried about a slide in oil prices towards $100 a barrel, delegates from the producer group said, with current levels seen as acceptable for producers while higher seasonal demand in the coming weeks was expected to support the market. Brent crude fell to a 14-month low of $101.11 a barrel on Monday as investor concerns over conflict in Ukraine and Iraq eased and Libyan […]

|By TAP Staff| Oil prices have never been so stable as they are now since the breakup of Bretton Woods system in 1971. Despite major geopolitical tensions in Libya, Syria, Iraq, or the Ukraine, global crude oil prices have been remarkably steady in the past three and a half years. Global oil prices have not been this stable since the break-up of the Bretton Woods system in […]

LONDON, August 15 (Fitch) Fitch Ratings has affirmed Abu Dhabi’s Long-term foreign and local currency Issuer Default Ratings (IDR) at ‘AA’. The Outlooks are Stable. The issue ratings on Abu Dhabi’s senior unsecured foreign and local currency bonds have also been affirmed at ‘AA’. The Short-term foreign currency IDR has been affirmed at ‘F1+’. The UAE Country Ceiling has been affirmed at ‘AA+’; this Ceiling also applies […]

A computer generated image shows the stadium to be built in Al-Khor for Qatar’s 2022 World Cup. Agence France-Presse/Getty Images It hasn’t exactly been smooth sailing for Qatar since it started preparations to host the World Cup football in 2022. Ever since the wealthy Gulf state won the rights to host the tournament in 2010, it has been the subject of bribery allegations while at the same […]

Dubai’s two biggest builders are turning to bank borrowing to help fund projects as a rise in late payments from their customers takes the shine off a booming construction market. Arabtec Holding PJSC, the contractor that helped push Dubai stocks into a bear market in June, said money owed by clients rose to 8.8 billion dirhams ($2.4 billion) through the second quarter from 7.2 billion dirhams at […]

|By Rashidul Bari| Palestine and Israel, once known as cradle of civilization, have become the hub of cemeteries in modern times. Their conflict has shed untold blood and produced graves as far as the eye can see. The countless tombstones are silent, but the sound of their outcry has carried from Middle-East to here at New York University’s Bobst Library—where I’m writing this article—and from which I’m […]

Alex Salmond is taking refuge in scare stories about the NHS  Down in the Salmond-bunker things are getting desperate. Assailed on all sides by, in no particular order, falling opinion poll ratings, senior colleagues who’ve lost confidence in him, a hammering at Alistair Darling’s hands in last week’s TV debate, the man in charge of the campaign to break up Britain is struggling to keep his head […]

The chemical triclosan has been linked to cancer-cell growth and disrupted development in animals. Regulators are reviewing whether it’s safe to put in soap, cutting boards and toys. Consumer companies are phasing it out. Minnesota voted in May to ban it in many products. At the same time, millions of Americans are putting it in their mouths every day, by way of a top-selling toothpaste that uses […]

Iran’s parliament has voted to ban permanent forms of contraception, the state news agency IRNA reported, endorsing the Supreme Leader Ayatollah Ali Khamenei’s call for measures to increase the population. The bill, banning vasectomies and similar procedures in women, is parliament’s response to a decree Khamenei issued in May calling for more babies to “strengthen national identity” and counter “undesirable aspects of Western lifestyles”. Doctors who violate […]

U.S. Actions in Iraq Fueled Rise of a Rebel An image of Abu Bakr al-Baghdadi, taken from a video of a sermon he gave in July in Mosul. By TIM ARANGO and ERIC SCHMITT August 10, 2014 BAGHDAD — When American forces raided a home near Falluja during the turbulent 2004 offensive against the Iraqi Sunni insurgency, they got the hard-core militants they had been looking for. They also picked up […]

Hotels and high-end retailers in Dubai are optimistic that they can ride out the Russian tour operator crisis and possibly even benefit from it. Rotana, which operates 15 hotels in the emirate and has a global sales office in Russia, is hopeful that the decline in Russian tourists because of the closure of some leading tour operators in the country would be offset by more tourists from […]

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Just in:
xCube Access Welcomes Entrust Capital Limited  Expanding Access to Professional Portfolio Management // Cloudflare unveils Zero Wire vulnerability intelligence service // Ta’ziz finalises $1.39bn funding for Ruwais industrial facilities // ADIA and partners establish $1.4 billion aviation venture // SC to examine students’ exam plea today // CR Longdation Aethereal Cybersecurity × Global Cybersecurity Alliance (GCSA) Join Hands to Establish the “AI and Cybersecurity Research Centre” // Fast Just Got Fastest: STING Energy Boost™ Celebrates Kimi Antonelli’s Formula 1® World Championship and the Fan Energy Behind It // AI trust gap reveals distinct retail priorities: Divergent paths to consumer growth in Hong Kong and the GBA // Emirates Group records AED 4.1 billion half-year profit // Utilities pursue ₹1,992 cr in unpaid bills // Anthropic to prohibit persistent abuse of Claude chatbot // Burying Head In “India Made Poverty Reduction” Data Is Dangerous // Asia Left Behind: Ten international companies have yet to report delivering on their cage-free egg pledges across the region // UK air traffic outage inflicted £33m financial losses // Dubai boat show confirms international shipyard line-up for November // Middle East governments assess Iran war after US vote // Hong Kong mandates crypto transaction disclosures to tax authorities // Cyberport Venture & Capital Forum 2026 Grand Opening // Democrats capture Senate majority with seven Republican seats // APT29-linked campaign exploits outdated Apple and Android software //