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Boxes move on a conveyor belt at a Wal-Mart Stores Inc company distribution center in Bentonville, Arkansas June 6, 2013. Reuters/Rick Wilking/Files ATLANTA Wal-Mart Stores’ expanding network of large distribution centers will allow it to deliver packages throughout the United States in two days, setting it up to compete more efficiently in online holiday sales, a senior executive said on Thursday. Competition with online rivals including Amazon.com, […]

UAE. Lifting of Iran sanctions in the future will significantly boost its economy and positively affect the neighbouring GCC economies, especially the UAE. According to speakers at a panel discussion organised by ICAEW’s Corporate Finance Faculty in the UAE, this is due to its solid trading infrastructure. ICAEW members and guests gathered at Jumeirah Emirates Towers in Dubai recently to discuss the impact of lifting Iran’s sanctions. […]

Middle East A vehicle at a base controlled by rebel fighters from the Ahrar al-Sham insurgent group that activists said was targeted by Russian airstrikes near Idlib, Syria, on Thursday. By ANNE BARNARD and ANDREW E. KRAMER October 1, 2015 BEIRUT, Lebanon — In a second day of raids in Syria, Russian warplanes carried out a new round of airstrikes on Thursday that once again — contrary to Moscow’s assertions — appeared […]

The scales do not lie, or so we are told. But in the case of what constitutes being too fat, they just might be telling a few fibs, according to UAE health experts. A new report by the World Health Organisation, says almost half of all women in the UAE are obese, as are one in three men. Insurance provider Zurich International Life, based on a sample […]

The Syrian civil war, now in its fifth year, involves multiple countries with overlapping and at times conflicting agendas. Competing visions of how to manage the conflict, which has led to a major global refugee crisis as well as the rise of the Islamic State, dominated discussions at the United Nations General Assembly this week. But despite days of meetings and diplomatic maneuvering, the crisis has only […]

UNITED NATIONS — Over the last four years, as four million Syrian refugees poured into neighboring countries and slipped inexorably into poverty, António Guterres, the United Nations high commissioner for refugees, said he had pleaded in vain with world leaders to take their plight more seriously. But suddenly, at the United Nations General Assembly this week, leaders of the world’s most powerful countries want to meet with […]

|By Matein Khalid| Even as China’s President meets the capo di tutti capi in Seattle, its manufacturing PMI falls to 47, a post Lehman low, with new export orders in a slump. I found it significant that the offshore yuan fell 200 pips to 6.4346 after the PMI. This proves my core argument, outlined a month ago. The Middle Kingdom will respond to its economic decline and […]

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Saudi Arabia has withdrawn as much as $70 billion from global asset managers as OPEC’s largest oil producer seeks to plug its budget deficit, according to financial services market intelligence company Insight Discovery. “Fund managers we’ve spoken to estimate SAMA has pulled out between $50 billion to $70 billion from global asset managers over the past six months,” Nigel Sillitoe, chief executive officer of the Dubai-based firm, […]

INTERNATIONAL. What started as a civil war in Syria nearly five years ago has now evolved into an international crisis unmatched by any other since World War II. The global community now has a solemn obligation to end this humanitarian disaster, but it cannot do so unless all the powers affected by the conflict set aside their differences in order to end the suffering of millions of […]

Janet Yellen may have unwittingly helped the Indian dollar-loan market rebound from a three-year low. Less than a week after the Federal Reserve Chair delayed raising U.S. interest rates, billionaire Mukesh Ambani’s Reliance Industries Ltd. hired 16 banks for a $1.5 billion loan and Rural Electrification Corp. also approached lenders. That takes the pipeline of local dollar-denominated loans planned, mandated or in syndication to more than $5 […]

While Dubai continues to pump out sumptuous new apartment blocks, for a rising number of expatriates the city no longer offers the luxury lifestyle that lured many foreigners to the Gulf. A shortage of affordable homes and a reduction in overseas allowances since the financial crisis are pushing foreign staff on middle incomes out to less glamorous areas of the city far from the office, or to […]

Middle East Secretary of State John Kerry, left, with Iran’s foreign minister, Mohammad Javad Zarif, at the United Nations on Saturday. By MICHAEL R. GORDON September 26, 2015 UNITED NATIONS — Secretary of State John Kerry sought on Saturday to draw Iran into the search for a political solution to the Syrian conflict as he began a week of diplomacy over the brutal fighting there. “I view this week as […]

SHARJAH // A lack of jobs is leading some Khor Fakkan residents to call for more Emiratisation, while others are concerned about health insurance and retirement allowances. Many who have graduated from universities cannot find a job and are calling for prospective Federal National Council (FNC) members to intervene. Jamila Rashed, 26, graduated in 2010 and was still looking for employment. “I applied to the public and […]

ABU DHABI // A sunken fishing boat near Mina Zayed poses an environmental hazard to marine life and a threat to safety, fishermen say. The 15-metre dhow sank last year, three years after it was abandoned in port. It is not the only vessel causing problems, fishermen said. They said up to 50 of 200 dhows at Mina Zayed were not in use and were obstructing other […]

DUBAI // You are an employer who catches a staff member stealing a chocolate bar from another worker’s desk. Who are you going to call? It may be time you dealt with it internally rather than calling the police, judges say. A series of minor offences have gone through the Dubai Criminal Court recently and judges have voiced their concerns about cases that cost far more than […]

WASHINGTON — Defense Secretary Ashton B. Carter has notified Congress that he has approved sending a high-profile detainee at the Guantánamo Bay prison to Britain, a move that will ease a point of diplomatic tension between the United States and a close ally. The detainee, Shaker Aamer, is a Saudi citizen but was a longtime British resident. Prime Minister David Cameron; members of Parliament, including Jeremy Corbyn, […]

INTERNATIONAL. Gleaming glass skyscrapers, state-of-the-art technology, and wealthy merchant families have replaced the Gulf’s muddy towns and villages populated by traders and pearl fishers that once lacked electricity, running water or modern communications. The region’s modern day projection of a visionary cutting- edge, 21st  century urban environment masks however the fact that some things have not changed. Gulf states continue to be ruled by the same families, […]

WASHINGTON — As the war in Iraq deteriorated, a senior American intelligence analyst went public in 2005 and criticized President George W. Bush’s administration for pushing “amateurish and unrealistic” plans for the invasion two years before. Now that same man, Gregory Hooker, is at the center of an insurrection of United States Central Command intelligence analysts over America’s latest war in Iraq, and whether Congress, policy makers […]

UAE. The Middle East & North Africa ranks well above North America, Europe and Latin America in terms of market growth opportunities according to the Grant Thornton Global Dynamism Index (GDI) 2015. However, the region is lagging behind on a number of other indicators including labour market and financing environment.   The GDI – which combines 22 indicators across five growth areas to identify the best business growth […]

UAE. Switzerland, the United Kingdom, Sweden, the Netherlands and the United States of America are the world’s five most innovative nations, according to the Global Innovation Index 2015, while China, Malaysia, Viet Nam, India, Jordan, Kenya, and Uganda are among a group of countries outperforming their economic peers. The GII 2015 looks at “Effective Innovation Policies for Development” and shows new ways that emerging-economy policymakers can boost […]

Kuwait’s government spending in August stood at KD4.2 billion ($13.91 billion) fiscal-year-to-date (fytd), marking 22 per cent of the FY15/16 budget, slightly above the historic average of 14 per cent, a report said. The figure, while being 6 per cent lower than during the same period last year, indicates that spending cuts have not yet been fully reflected in the interim figures, added the latest Economic Update […]

A senior French economic and political delegation is in Tehran to lay the groundwork for the first business contracts between France and Iran since an accord to curb its nuclear programme in July. France’s main business lobby group, the Medef, is sending a delegation comprising more than 100 firms to Iran, including companies such as oil major Total, planemaker Airbus and car manufacturer Peugeot. “We’re trying to […]

QATAR. On Sept. 18, 2015, Standard & Poor’s Ratings Services affirmed its ‘AA’ long-term and ‘A-1+’ short-term foreign and local currency sovereign credit ratings on the State of Qatar. The outlook is stable. We also affirmed the ‘AA’ long-term issue ratings on the bonds issued by Qatari Diar Finance Q.S.C. and SoQ Sukuk A Q.S.C. RATIONALE Qatar is a wealthy economy; we estimate its GDP per capita […]

ABU DHABI // European nations need a unified response to the refugee crisis to prevent the situation from worsening, a senior Italian official has said. Andrea Orlando, the country’s minister of justice, said there should be a common policy to deal with the hundreds of thousands of people who are fleeing conflict in Syria, as well as Iraq and Afghanistan, to head to the European Union. “Italy […]

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Just in:
Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // Private varsities bill all set to face the axe // Cloudflare unveils Zero Wire vulnerability intelligence service // Fast Just Got Fastest: STING Energy Boost™ Celebrates Kimi Antonelli’s Formula 1® World Championship and the Fan Energy Behind It // Millions Of Indians May Soon Be Deprived Of Government Assistance // Emirates Group records AED 4.1 billion half-year profit // Vance attributes Republican midterm defeats to Iran conflict // Xi Jinping Preparing For A Trilateral Summit With Trump And Putin At APEC Summit On Nov 18-19 // Middle East governments assess Iran war after US vote // APT29-linked campaign exploits outdated Apple and Android software // CR Longdation Aethereal Cybersecurity × Global Cybersecurity Alliance (GCSA) Join Hands to Establish the “AI and Cybersecurity Research Centre” // After Reaching 7 Million Users in the Philippines, Skyro Launches Transparent Cash Loans in Malaysia // The “1st Greater Bay Area Health and Longevity Summit & Awards Ceremony” concludes successfully in Macao // Utilities pursue ₹1,992 cr in unpaid bills // Oil and chip shares retreat after Democratic victories // e-Crime Bureau Signs Cybersecurity Partnership With Smart Africa, Reinforcing Its Global Expansion // Ousted top Kochi cop gets IG post // TVM –Mangaluru Vande Bharat claims top spot // Asia Left Behind: Ten international companies have yet to report delivering on their cage-free egg pledges across the region // Cyberport Venture & Capital Forum 2026 Grand Opening //