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UAE. Non-oil private sector firms in the UAE reported the weakest improvement in business conditions since August 2013 during June. Marked slowdowns in growth of output and new business were at the forefront of the overall deceleration, while employment continued to rise at a solid pace. Meanwhile, inflationary pressures from both input costs and output charges were negligible. The survey, sponsored by Emirates NBD and produced by […]

Mohammad Javad Zarif, center, the foreign minister of Iran, sat next to Federica Mogherini, the European Union’s foreign policy chief as they meet with other foreign ministers in Vienna on Tuesday. By DAVID E. SANGER and THOMAS ERDBRINK July 6, 2015 VIENNA — With foreign ministers from around the world arriving here in hopes that the negotiations over Iran’s nuclear program are entering their final hours, a senior Iranian official said on […]

Oil price flux unlikely to hit long-term sector growth BEIRUT, 13 hours, 17 minutes ago The cyclicality of the oil and gas industry is unlikely to impact the long term trajectory of the sector, a report said, noting that the current fluctuations may speed up some of the trends that were already unfolding. The new report entitled “Oil and Gas Reality Check 2015” released by Deloitte, a […]

By ANNE BARNARD July 5, 2015 BEIRUT, Lebanon — Syrian government troops and Hezbollah fighters from Lebanon pushed into the Syrian border town of Zabadani on Sunday amid heavy airstrikes, continuing an offensive aimed at strengthening their control of routes between Lebanon and Syria. Pushing insurgents out of the mountain town would continue advances aimed at cutting insurgent supply lines to Lebanon, and would also be a symbolic victory. […]

ABU DHABI // After paying nearly Dh60,000 in annual tuition fees, parents at Raha International School have been told that they must also foot the bill for expensive textbooks. On June 22, the school issued a notice to parents of pupils entering the International Baccalaureate (IB) diploma programme, saying they had until the end of last month to place an order with the school to purchase the […]

By ANNE BARNARD and HWAIDA SAAD July 4, 2015 BEIRUT, Lebanon — Syrian government forces and their allies in the Lebanese Shiite group Hezbollah started a new offensive Saturday against insurgents in Zabadani, a mountain town near the border with Lebanon that was one of the first to be wrested by rebels four years ago. Hezbollah’s news channel, Al Manar, showed smoke rising from Zabadani and said that the government forces […]

By RICK GLADSTONE and MAHER SAMAAN July 3, 2015 Islamic State militants indulged in new public displays of artifact destruction this week, sledgehammering a half-dozen statues said to have been stolen from the ancient Syrian city of Palmyra. The militants also broke up a hidden 2,000-year-old lion statue they discovered in a Palmyra museum garden and demolished a 13th-century tomb near the northern Iraqi city of Kirkuk. The destruction, publicized in […]

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Palestinians carrying the body of Muhammad Hani al-Kasba in the Qalandia refugee camp in the West Bank, on Friday. By ISABEL KERSHNER July 3, 2015 JERUSALEM — Israeli forces shot and killed a Palestinian teenager in the occupied West Bank on Friday as he and others hurled stones and rocks at their army vehicle, the Israeli military said, while Palestinian Authority security forces in the West Bank arrested more […]

UAE. Short-term real interest rates (US) will remain near zero for more than three years, according to the majority of institutional investors, academics and policy makers polled at the AQR Asset Management Institute’s inaugural Perspectives event, at London Business School. At the start, delegates were asked how much longer they expected short-term real interest rates (US) to remain near zero, with 38% answering more than three years. […]

A funeral on Thursday in Ashmoun, in the Nile Delta, for First Lt. Mohamed Ashraf, one of the soldiers killed Wednesday in a militant attack in the Sinai Peninsula. By KAREEM FAHIM and MERNA THOMAS July 2, 2015 CAIRO — Egypt’s military killed 23 militants in the northern Sinai Peninsula early Thursday, a senior security official said, as the government sought to reassert control and eradicate what it called the area’s […]

By CARLOTTA GALL July 2, 2015 TUNIS — The Tunisian authorities said on Thursday that eight people had been arrested in connection with the massacre of 38 foreign tourists at the beachside resort of Sousse last Friday. Kamel Jendoubi, the minister responsible for coordinating the response to the attack, said that 12 people had been interrogated by the police, and that eight of them had been detained, pending charges. […]

Wireless carrier Sprint is backpedaling on the video streaming limits on its new All-In program. The company apparently underestimated the customer backlash that would haunt it for putting a 600 kbps maximum on the new plan. Here’s the backstory: On Tuesday, Sprint announced the All-In wireless plan for $80 a month. The plan includes a wireless device with unlimited talk, text and high-speed data. “If you went […]

JERUSALEM — An Israeli man died Tuesday after being shot in the West Bank the night before. Palestinian gunmen are suspected in the attack on the victim, Malakhi Rosenfeld, 26, a student at the Hebrew University of Jerusalem, and three other Israelis as they rode in a car near an Israeli settlement. Also Tuesday, Israeli security guards shot and wounded a Palestinian man at the Kalandia crossing […]

The United Church of Christ, one of the largest Protestant denominations in the United States, overwhelmingly approved a resolution Tuesday calling for divestment from companies that profit from Israel’s occupation or control of Palestinian territories and to boycott products from Israeli settlements. Approval came at the church’s general synod in Cleveland, where delegates voted 508 to 124 in favor, with 38 abstentions. It was one of two […]

|TAP Special|Emirates has released a point-by-point rebuttal of subsidy allegations, asserting that the US legacy carriers got the facts wrong, got the law wrong, and set their sights on an outcome that will be wrong for American consumers, communities and the national economy. This is the airline’s response to allegations of subsidy and unfair competition leveled by the “big three” US legacy carriers – Delta, United and […]

Dubai real estate developer Limitless has taken a step closer to securing a second restructuring on debt outstanding from Dubai’s property crash six years ago. It said on Monday it would repay 2.07 billion dirhams ($564 million) to creditors and has won the approval of almost 90 percent of banks to extend its remaining debt to December 2018. Limitless is seeking to follow in the footsteps of […]

VIENNA — Iran’s top nuclear negotiator was heading back to Tehran on Sunday to consult with his nation’s top leadership, as negotiators remained divided over how to limit and monitor Tehran’s nuclear program and even on how to interpret the preliminary agreement they reached two months ago. With all sides now acknowledging the talks would need to continue beyond what was once considered the absolute deadline for […]

|TAP Special| Singapore’s importance as an oil trade centre has received further boost with Platts adopting e a new system from next month for determining oil product values with reference to loadings out of the city state as well as Malaysia. This is expected to encourage use of regional oil storage facilities. According to Reuters, the change in how fuel oil, diesel, jet fuel and gasoline are […]

Gold edged higher on Friday, recovering from its lowest in more than two weeks as Greece failed to reach an agreement with its international creditors, although gains were capped by expectations of a U.S. interest rate hike. Asian equities fell as Greece failed again to reach an agreement with its creditors and stumbled towards a default, while major currencies like the euro and dollar drifted as the […]

Networking company Netgear just made a big move in the cable modem router world. So big, in fact, that high-speed Internet users on home fronts everywhere have good reason to rejoice. The firm just rolled out the industry’s fastest-ever cable modem router. It’s the first router in the Nighthawk line and it aims at cable Internet subscribers who have an extreme need for broadband speed. The Nighthawk […]

BEIRUT, Lebanon — Terrorists attacked sites in France, Tunisia and Kuwait on Friday, leaving a bloody toll on three continents and prompting new concerns about the spreading influence of jihadists. In France, attackers stormed an American-owned industrial chemical plant near Lyon, tried unsuccessfully to blow up the factory, and left behind a decapitated corpse. In Tunisia, at least one gunman disguised as a vacationer opened fire at […]

GCC construction … buoyant. GCC construction sector in major growth phase DUBAI, 1 days ago The GCC construction industry foresees growth for the next three years, encouraged by factors such as favourable macroeconomics, positive demographics, and rising tourism activities, said an industry expert. “Higher budget allocation towards construction sector, as part of the strategic vision of the member nations, lends an added push to the industry,” added […]

Wigley … increased focus on HR technology in the GCC. HR technology spend sees spike across ME, Europe DUBAI, 1 days ago Nine out of 10 firms in the Europe, Middle East and Africa (EMEA) region plan to spend the same or more on HR technology this year than they did last year, a report said, adding that 12 per cent of them will hike investment by […]

BEIRUT, Lebanon — The militants of the Islamic State carried out two new offensives in northern Syria on Thursday, entering a provincial capital and detonating large bombs in the border town of Kobani, where intensive airstrikes by a United States-led coalition helped Kurdish forces rout the jihadists last year. In southern Syria, rebel groups began a new campaign to push government forces from the city of Dara’a. […]

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