A view of southwestern Syria in late April, from an Israeli lookout post in the Golan Heights. Israel has placed soldiers in the Golan to stand guard against any Syrian attack. Nicholas Casey/The Wall Street Journal GOLAN HEIGHTS—Each morning after sunrise, soldiers from the Israel Defense Forces stand on a hill and look into their binoculars over two parallel fences topped in barbed wire that stretch out […]
PineBridge Investments, a New York-based asset manager, said on Tuesday its Middle East unit had raised $140 million for a sharia-compliant fund that would invest in income-producing real estate assets in Gulf Cooperation Council countries. PineBridge Investments Middle East’s fund will acquire existing real estate assets that generate stable returns, with a focus on the logistics, social infrastructure and community retail sectors, chief executive Talal Al Zain […]
Abdel Fattah el-Sisi, the former general who toppled Egypt’s first freely elected leader, is on course for a sweeping victory in the country’s presidential election, early provisional results suggested. But a lower-than-expected turnout figure has raised questions about the credibility of a man idolised by his supporters as a hero who can deliver political and economic stability. Sisi won 93.3 percent of votes cast, government sources said on Thursday, with most ballots counted […]
Beirut, Lebanon – This was not an ordinary voting day. It was a parade of Syrians celebrating their embattled president, Bashar al-Assad, and expressing support for him in the battle to quell the uprising that erupted three years ago. Since early morning, tens of thousands of Syrians flocked to the heavily fortified area surrounding the Syrian embassy in Lebanon as expatriate voting began ahead of the June […]
Abdel Fattah el-Sisi, the former Egyptian army chief, is on course for a sweeping victory in the country’s presidential election, early provisional results suggested. Sisi won 96.2 percent of about 21 million votes cast, state television reported early on Thursday, with the ballots from 312 of 352 counting stations tallied. Hamdeen Sabahi, the only other candidate, received 3.8 percent of the votes counted. Voter turnout was low, at 44.4 percent, despite the government […]
Egypt’s election commission has extended the presidential poll by one day in an effort to increase voter turnout in an election that is widely expected to bring former army chief Abdel-Fattah el-Sissi to power. The two-day vote was expected to end Tuesday, but polling Monday was reported to be moderate in a country with 54 million registers voters. The extension is widely seen as an effort to boost […]
Egyptians were urged to vote on Tuesday, the second and final day of the presidential election, amid signs of a lower-than-expected turnout on Monday. Election monitoring groups said the turnout on the first day of the vote was moderate and often thin or non-existent in towns and areas where Islamists dominate. Victory for former military chief Abdel-Fattah el-Sissi, 59, is a foregone conclusion. However, el-Sissi and his supporters have been […]
Alex Salmond’s miscalculation gave No voters a perfect excuse to vote Ukip Photo: Christopher Pledger/Telegraph Has Alex Salmond lost it? The question becomes especially pertinent in the light of the SNP leader’s extraordinary reaction to his party’s decidedly underwhelming result in the Euro-elections. It is one thing for party bosses to be disappointed when their charges perform less well than anticipated. However, it is entirely another when they […]
JERUSALEM — The intimate Mass to be celebrated by Pope Francis on Monday in the Cenacle, the hall on Jerusalem’s Mount Zion venerated by Christians as the room of the Last Supper, is intended to cap a Holy Land pilgrimage promoting peace and tolerance. But ancient rivalries lurk just beneath the flagstones here, and the pope’s visit has brought them to the surface. Also holy to Jews […]
CAIRO — Helicopters hovered over parts of the Egyptian capital, Cairo, early Monday as voting in the two-day presidential election began. Security was tight in many neighborhoods. Police blocked off streets and parts of city blocks to protect voters at polling stations. More than 400,000 Egyptian police and army soldiers were deployed Monday for the election, and more than 14,000 judges are overseeing the vote at polling stations across […]
ON THE EAST BANK OF THE JORDAN RIVER — After visiting a site on Saturday where Jesus is believed to have been baptized, Pope Francis spoke about Jesus’s humility, “the fact that he bends down to wounded humanity in order to heal us.” So when some burly men prepared to carry a doctor in a wheelchair up four steps to the stage for a blessing, perhaps it […]
Dubai will not have any issues in repaying all its debt maturing in 2015, and more state-linked firms are likely to repay obligations ahead of schedule, a top government official said on Tuesday. “We will have no issues in repaying debt coming up next year,” said Sheikh Ahmed bin Saeed al-Maktoum, a close advisor and uncle to Dubai’s ruler. Sheikh Ahmed, a key figure in the emirate’s […]
Grand Prairie-based Six Flags Entertainment Corp. is again attempting to broaden its international reach beyond North America into the Middle East. The theme park owner and operator said it’s partnering with Meraas Leisure and Entertainment, a Dubai-based real estate development company, to open a Six Flags-branded park in Dubai in the United Arab Emirates. The project will open in 2017 and be located in a multi-themed park […]
Gold ticked higher on Tuesday to within a whisker of the $1,300-an-ounce level, regaining ground from overnight losses as weaker equities increased its safe-haven appeal. * Spot gold rose 0.2 percent to $1,298.11 an ounce by 0026 GMT. It fell 0.5 percent in the previous session as a short-covering rally after U.S. jobs data fizzed out. * Holdings of the world’s largest platinum-backed exchange-traded fund, Johannesburg’s NewPlat […]
When Indian opposition leader Narendra Modi gave a speech on the virtues of smaller government and privatization on April 8 last year, supporters called him an ideological heir to former British Prime Minister Margaret Thatcher, who died that day. Modi, favorite to form India’s next government after elections starting on Monday, has yet to unveil any detailed economic plans but it is clear that some of his […]
As investors dump emerging-market equities at an unprecedented clip, they’re turning more and more to frontier markets in search of the next growth story. No exchange-traded fund focused on developing nations has grown faster in the past year than BlackRock Inc. (BLK)’s iShares MSCI Frontier 100 fund, whose biggest holdings are in Kuwait and Qatar. Assets under management surged nine-fold to $594 million, fueled by $465 million […]
|By TAP Staff| Fitch Rating sees RAKBANK’s viability rate (VR) constrained by its fairly small franchise rising credit risk exposure due to its expansion in unsecured SME lending and pressure on liquidity from a wide asset-liability maturity mismatch. The bank accounts for only 2 percent of the UAE banking assets, it notes. According to Fitch, RAKBANK’s viability rating could be negatively affected if the bank’s expansion in […]
Dubai’s government will consider establishing the world’s first fully sharia-compliant export-import bank to promote the emirate’s foreign trade, the Department of Economic Development said on Wednesday. The bank would provide financing to companies involved in trade while helping them to reduce their risks and gain market access, the department said in a statement without giving details of the proposed institution’s structure or financing. Noor Investment Group, which […]
The use of stolen passports by two passengers to board a Malaysian airliner that vanished over the South China Sea raises concerns that terrorists may have caused the jet’s apparent crash, say former U.S. security officials who specialize in transportation safety. Use of stolen passports is a tactic of terrorists trying to avoid detection, while groups including al-Qaeda have sought to crash airplanes into oceans to cover […]
An asteroid estimated to be the size of three football fields whizzed close to Earth on Monday, roughly a year after one exploded over Russia and injured 1,200 people. Slooh Space Camera tracked the approach of the asteroid as it raced past the planet at about 27,000 mph (43,000 kmph), starting at 9 p.m. EST (2 a.m. GMT, Feb. 18), the robotic telescope service said in a […]
Dubai’s Emirates flagship airline plans to ground 19 or 20 planes from May because of runway construction work at Dubai International Airport, the airline’s president Tim Clark said on Monday. That number of planes represents roughly 10 percent of the airline’s fleet of about 200 planes. The work is expected to be finished by July 20, Clark told reporters. “It’ll have an impact on the revenue. We […]
Smarting from growing losses, Taiwanese phone maker HTC Corp says it will expand its range of cheaper products as it fixes off-target marketing for its premium smartphones. The company that has long prided itself as a purveyor of upscale, feature-loaded products says it needs to sell more mid-tier and affordable smartphones after losing out in 2013. Muscled off-track by fast-growing Chinese rivals like Xiaomi Inc as well […]
European stocks rose for a second day as investors awaited the European Central Bank’s rate decision and weighed company earnings. Asian shares and U.S. stock-index futures also advanced. Daimler AG gained 3.4 percent after posting a 45 percent surge in quarterly profit. Volvo (VOLVB)AB climbed 4.8 percent after reporting operating profit that beat projections and saying it will cut 4,400 jobs. Credit Suisse Group AG (CSGN) fell 1.1 percent after posting […]
Passenger flows through Dubai’s main airport, the world’s second busiest for international traffic, jumped 15.2 percent in 2013 thanks to expansion of its route network and the use of wide-body planes, airport authorities said on Wednesday. Passenger traffic last year totalled a record 66.4 million people. In December, more than 6 million passengers passed though the airport for the first time, an increase of 13.6 percent from […]
