DOHA, Qatar — The five hardened Taliban militants were quickly whisked in a fleet of cars to the shoulder of a highway on the outskirts of the capital just as they arrived. There, out of the public eye and under the watchful gaze of Qatari security, they exchanged warm hugs with a welcome delegation and then once more were whisked off into hiding. If Qatar holds to […]
The worst Qatar stock rout in nine months is creating a buying opportunity for some of the biggest Middle East investors, who say they’re undaunted by speculation the country will lose the right to host the 2022 World Cup. Emirates NBD PJSC, whose wealth management division oversaw about $2.1 billion at the end of 2013, says it’s looking to add stocks because any impact on corporate earnings […]
Campaign conducts 3,685 checks in the Northern Emirates SHARJAH // Women in Sharjah were the latest in the UAE to be encouraged to check their cardiovascular health at a free initiative being run in conjunction with Al Qassimi Hospital. The initiative, held at My City Centre yesterday, is part of Go Red for Women, a global campaign founded by the American Heart Association to raise awareness about […]
WHO team makes five-day visit to UAE International experts and local authorities agree to continued exchange of information in attempt to reduce risk of further infections ABU DHABI // International infection experts yesterday praised the work of UAE health authorities in attempting to better understand the deadly Mers coronavirus after completing a mission to assess the risk the virus poses to the country. A team from the […]
An aerial view of Khalifa Port in Abu Dhabi Reuters Capacity at seaports and airports in the Middle East is growing faster than regional trade, potentially jeopardizing the viability of billions of dollars worth of new investment in transportation infrastructure. Government-led investment in regional logistics and transport has taken off in the past decade, driven by energy-rich Gulf Arab countries trying to carve out a niche as […]
WASHINGTON — Weeks before a Black Hawk helicopter lifted off in the dying light of eastern Afghanistan, carrying with it an American soldier who had spent five years in the hands of the Taliban, American officials grew increasingly worried that Sgt. Bowe Bergdahl’s life might be in jeopardy. A video produced by his captors months earlier had shown him weak and dazed, and there was a growing […]
ABU DHABI // The influence of Arabic architecture on European buildings should not be underestimated, experts from Spain said at a talk in the capital. As part of the first event in a series of collaborations with Universidad Europea de Madrid, Alhosn University gathered some of Spain’s foremost architects from both universities to discuss how Middle Eastern and Spanish architecture have learnt from each other. Dr Miguel […]
UAE Central Bank data Lending to construction in the United Arab Emirates is booming again, underlining a rapid return in confidence despite the heavy toll bad real estate loans took on local banks during the global financial crisis. Banks had extended almost 181 billion dirhams ($49 billion) of credit to the construction sector last year, according to recently released central bank figures, up from AED129 billion in […]
WASHINGTON — Did the search for Sgt. Bowe Bergdahl cost the lives of American soldiers? Since last weekend’s prisoner exchange in which Afghan insurgents turned over Sergeant Bergdahl after five years of captivity, a number of the men who served with him have called him a deserter. Some have gone further, blaming him for the deaths of six to eight soldiers. That second claim is hardening into […]
NATO defence ministers have agreed to bolster protection in eastern Europe after the Ukraine crisis, but have insisted they are acting within the limits of a key post-Cold War treaty with Moscow. NATO head Anders Fogh Rasmussen said ministers had agreed to develop a “readiness action plan… to respond to the changed security environment” created by the escalating conflict in Ukraine. This will include measures such as […]
WASHINGTON — The White House argued on Tuesday that the “unique circumstances” presented by the opportunity to return Sgt. Bowe Bergdahl gave President Obama the authority to lawfully bypass a federal statute requiring the Pentagon to notify Congress a month before he transferred the five Taliban detainees necessary to complete the deal. But the White House was forced by turns to defend its decision not to notify Congress […]
|By TAP Staff| Regulation topped the list of risks among the global banking industry– replacing 2012’s leading threat, the macro-economic environment, according to the Banking Banana Skins 2014 survey The CSFI’s biennial Banking Banana Skins survey, produced in association with PwC, revealed the overwhelming message from respondents: the weight of new regulation is becoming excessive and could dampen economic recovery and growth. The poll is based on […]
The commodity markets regulator has launched a fresh attempt to rebuild volume on domestic commodities exchanges, after their credibility was dented by last year’s failure of the National Spot Exchange Ltd (NSEL). The regulator said it had asked its capital market counterpart to require companies to disclose their commodity trading positions on domestic futures markets, seeing this as a way of boosting the credibility of those markets, […]
PARIS — The three young Frenchmen were arrested as they tried to make their way to Syria to wage jihad. They had not harmed anyone in France or made plans to do so, according to the evidence at their trial in January, but in France these days, seeking to fight in Syria is enough to bring a charge of plotting terrorism — and in this case sentences […]
Inside a nondescript office building in central London, a roomful of men and women sit at computer screens and talk over Skype with people in faraway places. Sharp-edged Cantonese fills the air, and a flat-screen TV emits a continuous din. It’s the chanting, singing Midlands crowd at Birmingham, England’s Villa Park Stadium: Liverpool at Aston Villa. The match has just kicked off. The name of the company, […]
ABU DHABI // Companies who deny labourers their midday break from work may face closure and fines of up to Dh15,000. Hourly inspections will be carried out, and anyone flouting the law will be dealt with harshly, the Ministry of Labour said on Tuesday. The midday work ban comes into force on June 15 from 12.30pm to 3pm and ends on September 15. The ministry also plans […]
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 […]
Bassem Youssef, a heart surgeon who became a wildly popular political satirist following the 2011 revolt that felled the durable autocratic regime of Hosni Mubarak, announced on Monday that his show would not be returning to the airwaves following months of uncertainty. While the announcement stunned his fans, it did not come as a surprise: the program, called El Bernameg (The Program in Arabic), had been the […]
WASHINGTON — As Syrians go to the polls this week amid civil war, the presidential victor is all but assured: Bashar al-Assad. So why bother holding an election at all? Analysts say Assad has more to gain than votes. He is trying to display political solidarity to the world and to ignore the apolitical transition that the West has called for. Watch related video report by VOA’s […]
‘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 […]
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 […]
Ford Motor Co said on Thursday it is recalling 1.39 million SUVs and sedans in North America, most for the possible loss of power steering. About 1.186 million of the vehicles Ford said it is recalling are in the United States. That figure is only 2,200 shy of the total number of vehicles that Ford recalled in the United States during all of last year. Automakers are […]
WASHINGTON — During the height of the wars in Iraq and Afghanistan, the United States military often carried out dozens of daily operations against Al Qaeda and other extremist targets with heavily armed commandos and helicopter gunships. But even before President Obama’s speech on Wednesday sought to underscore a shift in counterterrorism strategy — away from the Qaeda strongholds in and near those countries — American forces […]
Although the world’s largest democracy has been hobbled by inflation, a declining currency and difficult business environment, the pro-business Bharatiya Janata Party that just won an epic election in India has engendered optimism that the country can turn around its sagging economic scenario. It’s time to increase your exposure to India’s stock market. The timing is good with equities in India perking up of late, something that […]
