Qatar’s sizzling growth would slow if it lost the right to host the 2022 World Cup soccer tournament, but the tiny country is so rich that the impact on its economy and financial markets would be much smaller than the blow to its reputation. The Qatari stock market sank 1.1 percent on Monday, underperforming the region, after a British newspaper published what it said was evidence of […]
|By TAP Staff|Australasia was the fastest-expanding market for Dubai International in the first quarter, up 21.9 percent on the previous year, as a direct result of the partnership between Qantas and Emirates, the Wall Street Journal reported quoting Dubai Airports sources. Both North America and Asia, two markets where Emirates has expanded routes recently were pipped by Australasia. Dubai has become a popular stopover for Australians en […]
The pact between Emirates Airline and Qantas has been marred by negative news flow from Down Under of job cuts, losses and a brutal price war between the Aussie carrier and Virgin Australia. But one party is benefiting from an influx of Aussies: the city of Dubai. The Gulf state has become a popular stopover en route to Europe and the U.S., boosting Dubai’s malls and hotels. About […]
‘As a scientist, all I can do is tell the truth based on the evidence,’ says Dr Jane Plant Photo: MARTIN POPE In 1993, the breast cancer that had plagued Jane Plant since 1987 returned for the fifth time. It came in the shape of a secondary tumour – a lump in her neck the size of half a boiled egg. Doctors told her that she had only […]
ABU DHABI // The weather is expected to become hazy and dusty over the next few days, National Centre for Meteorology and Seismology forecasters said. Monday and Tuesday will see hot temperatures throughout the day, and the nights are expected to be hazy. Temperatures are expected to decrease slightly on Wednesday as the weather is forecast to be dusty with rising sand during the day. The Arabian […]
The authority of the free zone Dubai Silicon Oasis (DSOA) announced it plans to set up Dubai Technology Entrepreneurship Centre (DTEC) in order to boost entrepreneurs in the technology field. DTEC is planned to be launched in the first quarter of 2015. DSO is set to encompass over 3,600 square meters that will provide existing and emerging high-tech entrepreneurs and start ups with a work environment that […]
World travelers looking for a cheap place to stay may want to avoid Geneva, Dubai and Miami. The three cities rank among the most expensive markets for hotel rooms, according to an index compiled by Bloomberg. In Geneva, the average cost for a night is $308, followed by Dubai at $273, Kuwait City at $253 and Zurich at $250. Miami is next as the costliest place for […]
Donetsk, Ukraine – The coffins were lined up in a car park at Kalininsky hospital the Donetsk, all 30 wrapped in bright white, red or black satin, stacked one on top of the other. They had been prepared for the bodies of Russians fighting with separatists for the city’s airport just days before. Leaders of the separatist movement on Thursday said many would be repatriated to their home country […]
Whoop, whoop: Kathleen Turner and Ian McDiarmid in ‘Bakersfield Mist’ at the Duchess Theatre Photo: Alastair Muir “They applaud, even when it is good,” said Artur Schnabel, the great Austrian pianist. These days, they stand to cheer, even when it is poor. The standing ovation, which used to be a Broadway phenomenon, something we used to snigger at, has become an increasingly unpleasant feature of theatrical life […]
A substantial number of Middle East funds intend to cut their exposure to stocks in the United Arab Emirates and Qatar, shifting money to less richly valued markets such as Saudi Arabia, a monthly Reuters survey showed. Shares in Dubai, Abu Dhabi and Qatar have surged over the past 12 months in anticipation of those markets’ upgrade to MSCI’s emerging market index, which will take place at […]
Asian shares edged higher on Friday, catching a lift from another record close on Wall Street, while the dollar groaned under the pressure of slumping U.S. yields. The S&P 500 index .SPX posted its third record closing high in four sessions, as investors shrugged off the first quarterly contraction of the U.S. economy in three years and focused on signs of a strengthening labor market. MSCI’s broadest […]
ABU DHABI // The UAE’s support for women in science, technology, engineering and maths (Stem) was discussed at a meeting of the United Nations commission on the status of women. At the session held in New York this year, Dr Lamya Fawwaz, the executive director of public affairs at Masdar Institute of Science and Technology, talked about the participation of women and girls in those areas, including […]
DUBAI // A Pakistani drug mule said he was promised 200,000 rupees (Dh7,444) for bringing 850 grams of heroin into the country in his stomach. However, AS, 26, was apprehended after an official at Dubai International Airport noticed his agitated state. Emirati inspector JA, 30, noticed the man at the airport on February 12. “I requested to see the defendant’s passport and asked him if he had […]
DUBAI // A shopkeeper caught with a large quantity of illegal drugs said he did not know the cars that were chasing him were police. Emirati AK, 40, also said the drugs he had on him were for personal use, even though he was found with 14,500 tramadol pills, 225 grams of hashish, 6.26 grams of opium, 5.05 grams of heroin and 25.75 grams of crystal meth. […]
The swathe of Indian Ocean where acoustic “pings” were detected has been ruled out as the crash zone of missing Malaysia Airlines passenger jet after a lengthy underwater search. The Joint Agency Coordination Centre said on Thursday it had completed the search of an area off the Australian coast where pings were detected in early April, with no success. An unmanned submarine had searched 850sqr km but had found no […]
The idea for Sudamed came to doctor-turned-entrepreneur Mazin Khalil two years ago while standing in a hospital reception in Khartoum. He watched a father walk up to the reception with a newborn baby and ask for a particular doctor, only to be told that the doctor was not working until six hours later. Sudamed website Mr. Khalil, 25, saw a simple solution. He set out to create […]
David Cameron could place himself at the head of a movement to halt the European Union steam-roller and turn it around Photo: EPA Earthquake or not, British politics has certainly undergone a seismic change over the past few weeks. Familiar landmarks have vanished, fresh features emerged, and the outlook has fundamentally changed. Let’s start with an intrusion into private grief, and take a long look at the […]
CAIRO — The Benghazi militant group Ansar al-Shariah is under attack by a renegade former general trying to rid Libya of political Islam. But in response, the militia has taken aim squarely at Washington. “We remind America of their defeats in Afghanistan, Iraq and Somalia,” Mohammed Ali al-Zahawi, the leader of Ansar al-Shariah, declared this week in a videotaped statement, warning that the United States would face […]
The chief executive of Arabtec Holding has raised his stake in the Dubai-based contractor to 21.46 percent, the company said, in an investment worth about $1 billion which it described as a vote of confidence in the group’s prospects. Hasan Ismaik, who has been leading a growth strategy at the company since taking charge early last year, bought the shares because of “his strong belief in the […]
Emaar Properties has secured a $1.5 billion sharia-compliant loan from five local lenders, two banking sources aware of the matter said on Wednesday, the latest Dubai-based borrower to take advantage of buoyant markets to reprice debt. A number of state-linked entities in the emirate have sought to refinance existing debts, even if the loans have years until maturity, as market sentiment towards Dubai improves after its debt […]
Expedition 40 Launches to the International Space Station | NASA Expedition 40 Launches to the International Space Station The Soyuz TMA-13M rocket is launched with Expedition 40 Soyuz Commander Maxim Suraev, of the Russian Federal Space Agency, Roscosmos, Flight Engineer Alexander Gerst, of the European Space Agency, ESA, and Flight Engineer Reid Wiseman of NASA in the early hours of Thursday, May 29, 2014 at the Baikonur Cosmodrome in […]
Early results in Egypt’s presidential election show former army chief Abdel-Fattah el-Sissi heading for an overwhelming victory. The first results give Sissi about 93% of the vote while the only other candidate, leftist politician Hamdeen Sabahi, has around 3 percent. Voter turnout was a low 44 percent even after voters were given an extra day Wednesday to cast ballots. Final official results are expected next week. The […]
In Dubai, a city known for some of the world’s most luxurious hotels and penthouses, developer Union Properties PJSC (UPP) is looking to tap demand from people who want to visit the emirate without breaking the bank. The company plans to build around 1,000 hotel rooms in the next five years to address a shortage in the middle- and lower-end of the market, managing director Ahmad Al […]
DUBAI // Engineering student Chibuke Enekwechi has plans to develop a drone that could be used to monitor pupils sitting exams instead of relying on teachers to do the job. The final-year student from the American University in Dubai said on Tuesday that he hoped to come up with a winning design that could help him bag Dh1 million and possibly a further US$1m (Dh3.6m) in the […]
