ABU DHABI // An impoverished farmer in India whose son was one of 13 workers killed in the Dubai bus crash spoke on Tuesday of his family’s grief, their shattered dreams and his struggle with debt. Ramchand Gupta, 50, borrowed money from relatives to send his son Sanjay to the UAE four months ago in the hope of a better life. The plan was that he would […]
At least 40 people, including two civilians, have been killed in the eastern Ukraine city of Donetsk following a day of heavy fighting, in which the government forces used combat jets and helicopter gunships to reclaim the regional airport. “The airport is under our full control. The enemy suffered heavy losses. We have none,” Ukraine Interior Minister Arsen Avakov said in a statement on Tuesday. He said […]
Low voter turnout has been reported on the second and final day of Egyptian presidential elections, as former army chief Abdel Fattah el-Sisi is expected to emerge as the country’s next president. While the Egyptian government declared a national holiday for Tuesday in an effort to get voters to cast their ballots, an official with international monitoring group Global Network for Rights and Development reported that voter turnout […]
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 […]
Bavaguthu Raghuram Shetty moved to the United Arab Emirates from India nearly 40 years ago and made his fortune by building a hospital chain and money exchange group from scratch. Last week, he bought Travelex, the foreign exchange operator, for an undisclosed sum but what is likely the biggest investment of his career. In an interview with The Wall Street Journal, Mr. Shetty said he plans to […]
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 […]
Abu Dhabi gave Etisalat a $500 million grant towards its 4.14 billion euro ($5.64 billion) purchase of 53 percent of Maroc Telecom, the company’s prospectus for a planned bond issue shows. The grant provides further evidence of the emirate’s support for its companies’ foreign expansion and could attract complaints from rival operators. Fellow Abu Dhabi-based company Etihad Airways benefited from a $3 billion interest-free loan from the […]
ABU DHABI // Doctors will soon be able to issue repeat prescriptions for up to a year to save thousands of patients costly and time-consuming hospital visits. Patients with a long-term reliance on medication for conditions such as diabetes and hypertension have to visit a doctor every time they need a prescription. But health chiefs are now in the final stages of implementing a refill policy, so […]
JERUSALEM — Making history for the second day running, Pope Francis laid a wreath Monday on the grave of the founder of Zionism, becoming the first pope to do so, a gesture of support to Israel after several symbolic signals the day before that lent a spiritual lift to Palestinian aspirations for sovereignty. At the request of Prime Minister Benjamin Netanyahu, Francis added to his marathon morning […]
Chancellor Angela Merkel and Prime Minister Cameron. Photo: AFP Tory MPs may have agreed not to panic in the light of Ukip’s big win, but that doesn’t mean David Cameron isn’t going to come under a huge amount of pressure from them in the coming days and weeks to do something, anything, to show he’s got the message. One of their demands is bound to be that the […]
CAIRO — Voters around the capital lined up Monday morning to cast ballots in an election universally expected to make Abdel Fattah el-Sisi the next president of Egypt, turning out to show their support in a contest where turnout is the biggest question. In an interview on a pro-Sisi talk show Sunday evening, Abdel Aziz Salman, the general secretary of the High Presidential Election Commission, said that […]
Asian shares hit one-year high on Monday thanks to a strong session on Wall Street and a decisive win for billionaire Petro Poroshenko in Ukraine’s presidential election. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.15 percent while Japan’s Nikkei share average gained 0.7 percent to hit one-month high. Investors took their cue from upbeat U.S. hosing data on Friday, with sales of new single-family homes […]
Pope Francis at Israel’s separation barrier Associated Press BETHLEHEM, West Bank–Palestinians had been hoping that the papal visit to the West Bank would kick up international sympathy with their campaign for statehood and against Israel’s military occupation of the West Bank, and many were pleased with his actions. “It’s a great day for Palestine par excellence,” Palestinian Parliament Member Mustafa Barghouti said after after Pope Francis finished a […]
J.P.Morgan expects USD/INR to test 57 per dollar in the next three months as Narendra Modi’s sweeping electoral victory “is a more transformational outcome for India macro than most could have imagined” and will thus attract foreign inflows. The bank adds it expects Modi to fight inflation through administrative measures, and the focus on the RBI should reduce. As a result, J.P.Morgan recommends receiving 5-year OIS expecting […]
Indian-born economist Arvind Panagariya, who is widely expected to take a top advisory role in prime minister-elect Narendra Modi’s government, wants its first budget to boost capital spending even at the risk of a higher fiscal deficit. Panagariya, 61, whose market-friendly, pro-growth economics has helped shape Modi’s outlook, told Reuters in an interview that higher spending is critical to India’s economic revival. Modi swept to power on […]
CAIRO — Abdel Fattah el-Sisi, the former army officer soon to be Egypt’s president, promises to remedy Egypt’s crippling fuel shortage by installing energy-efficient bulbs in every home socket, even if he has to send a government employee to screw in each one. “I’m not leaving a chance for people to act on their own,” Mr. Sisi said in his first and most extensive television interview. “My […]
Sour gripes: Gwyneth Paltrow’s lament has won little support from Angelina Jolie, above Photo: Getty Images Cat fight! Angelina Jolie has gone head to head with Gwyneth Paltrow; which would be pretty much every man’s brunette-on-blonde fantasy, were it not for the fact that one is so skeletal and the other so skinny that there’s a genuine risk their A-list bones might splinter into a million tiny […]
Two protesters were killed in clashes in Egypt between Islamist demonstrators and their opponents after midday prayers on Friday, the final day of campaigning ahead of next week’s presidential election, the authorities said. The Health Ministry said one person was killed in Cairo and another in the town of Fayoum, about 50 miles southwest of Cairo. At least 23 people were wounded, the ministry added. In the […]
BEIRUT, Lebanon — Rebels in southern Syria killed more than 20 people in a mortar attack on a tent put up as part of presidential elections next month, antigovernment activists said on Friday. The overnight attack appeared to be the first by opponents of President Bashar al-Assad directly targeting the election and raised the specter of further rebel assaults on rallies and other events. The vote, scheduled […]
Investors built up the largest bullish bets on rupee in more than two years in recent weeks, while sentiment on the Thai baht turned the most sour in three months, a Reuters poll showed on Thursday, as the countries’ political fortunes turned in markedly different directions. Long positions in the Philippine peso and the Malaysian ringgit rose to their highest levels in more than one year as […]
CAIRO — The former general who is universally expected to win a landslide victory in next week’s presidential election has the support of only a narrow majority of Egyptians, according to a poll released Thursday by the Pew Research Center. The poll is the most significant measurement of Egyptian public opinion since the former general, Abdel Fattah el-Sisi, led the ouster last summer of President Mohamed Morsi […]
Etihad Airways had access to an interest-free $3 billion loan from Abu Dhabi’s ruling family, the Australian Financial Review newspaper said on Thursday, prompting criticism from rivals that have long complained of state support for the carrier. Citing what it said were leaked documents prepared for prospective financiers in 2011, the newspaper said the loan for government-owned Etihad required no repayments until 2027. The airline, which also […]
UNITED NATIONS — The Security Council is scheduled to vote Thursday on a resolution that would ask the International Criminal Court to investigate war crimes in Syria. Russia is certain to veto the resolution. Its Western rivals are equally certain to seize on that veto in an attempt to isolate the Kremlin diplomatically. Supporters of the resolution, which was drafted by France, have spent days drumming up […]
