Call it a perfect market storm of wealth creation. Since the start of 2013, the Dubai stock market has registered a near 200% gain to become the best performing financial market in the world. The Gulf emirate’s securing of the World Expo in 2020 is likely one factor behind this success as is the wider UAE’s reputation as a safe-haven in a region riddled with uncertainty. Oil […]
Two car bombings against members of an ethnic minority in northern Iraq and militant attacks on Iraqi soldiers and police officers killed at least 27 people on Friday, Iraqi officials said. The bombings struck in Tahrawa, a village inhabited by families from the Shabak ethnic group, killing seven people. The village is near Mosul, 225 miles northwest of Baghdad. Police officials also said that 43 people were […]
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 annual Banker Middle East Industry Awards is the Middle East’s foremost gathering of key players within the banking and financial services industry (Dubai – June, 2014) – Some 500 top bankers and financiers from around the region came together at the Gala Dinner held at Jumeirah Emirates Towers in Dubai to celebrate their achievements. The top awards went to institutions in Saudi Arabia and the UAE; […]
United Arab Emirates, June 2014 – GL Events exhibitions, the organizer of Piscine Middle East exhibition has confirmed the attendance of 2 800 visitors during the second edition of Piscine Middle East held in Abu Dhabi from the 22-24th of April. Most part of these visitors was architects, developers and key buyers specialized in pool and spa industry. The event hosted visitors from 50 different countries. 88% […]
Russian President Vladimir Putin and Ukraine’s president-elect Petro Poroshenko have discussed a ceasefire and other possible steps to de-escalate the crisis between their countries in a brief meeting in France, French officials said. The meeting hosted by French President Francois Hollande, before D-Day celebrations on Friday, took place as clashes continued in eastern Ukraine near a border crossing with Russia, killing at least 15 pro-Russian separatists overnight. Putin and […]
BEIRUT, Lebanon — The fevered struggle between Saudi Arabia and Iran for regional dominance has for years aggravated nearly every conflict across the Middle East as the two nations armed, funded and encouraged each other’s adversaries. So it has come as a surprise to many here that even with the region still in tumult, there have been signs that both powers are looking to temper their destructive […]
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 […]
For consolidating green economy culture and Supported by DEWA and UNDP 5th June 2014, Dubai, UAE : Dubai Electricity & Water Authority (DEWA) has announced the first class of Carbon Ambassador 2014-2015, as part of a ceremony celebrating the World Environment Day in Al Qouz sustainable building on 5 June 2014. HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority initiated the […]
The malls unit of Dubai’s Emaar Properties will hold meetings with fixed income investors ahead of a potential benchmark-sized sukuk issue, Emaar said on Thursday, in what would be a debut debt market transaction for the subsidiary. Dubai Islamic Bank, Emirates NBD, Mashreq, Morgan Stanley, First Gulf Bank , National Bank of Abu Dhabi, Noor Bank and Standard Chartered will be arranging the meetings on Emaar’s behalf, […]
An impending bond issue by Abu Dhabi-based telecommunications firm Etisalat may not only be the region’s largest deal so far this year, but also set a record for tight pricing as the Gulf becomes more of a mainstream investment destination. Etisalat’s debut bond will replace some of the debt used to fund its 4.2 billion euro ($5.7 billion) purchase of a majority stake in Morocco’s Maroc Telecom […]
Canadian police said they have arrested the 24-year-old man who they suspect shot dead three police officers and wounded two more in the eastern city of Moncton, ending a massive manhunt. The shooting was one of the worst of its kind in Canada, where gun laws are stricter than in the United States and fatal attacks on police are rare. “Justin Bourque arrested by RCMP at 12:10 in Moncton. He is in […]
JERUSALEM — An unusual survey of Iranian public opinion indicates that 40 percent of Iranians would be willing to give up any ability to produce nuclear weapons in the future in return for the full removal of sanctions. Nearly 40 percent of those asked agreed that Iran should recognize Israel if Israel reached a peace accord with the Palestinians and withdrew from the contested territories. Such delicate […]
A day after his re-election in a disputed vote, President Bashar al-Assad said on Thursday that the 73 percent turnout the government reported in the vote sent a message that Syrians were “determined to manage their own affairs,” brushing off criticism of the vote and calls for an internationally brokered political transition. Syria’s state news agency reported that Mr. Assad, who made the comments during a meeting […]
ABU DHABI // School pupils from the American Community School in Abu Dhabi said the simplicity of their “The Engineers” robot was key to them clinching top spot at a national robotics competition on Friday. The World Robot Olympiad-UAE drew 180 students from across the country, battling it out in the elementary, junior high and high-school categories at the Fairmont Hotel in the capital, but it was […]
ABU DHABI // School pupils from the American Community School in Abu Dhabi said the simplicity of their “The Engineers” robot was key to them clinching top spot at a national robotics competition yesterday. The World Robot Olympiad-UAE drew 180 students from across the country, battling it out in the elementary, junior high and high-school categories at the Fairmont Hotel in the capital, but it was “The […]
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 […]
HE doesn’t live here and doesn’t have a vote but Barak Obama’s decision to throw his weight against the break up of Britain is undoubtedly one of the best bits of news that the opponents of separation could have wished for. There probably won’t be a rash of Better Together stickers in the windows of the White House or in the presidential limousines but his words in […]
A view of southwestern Syria in late April, from an Israeli lookout post in the Golan Heights. Israel has placed soldiers in the Golan to stand guard against any Syrian attack. Nicholas Casey/The Wall Street Journal GOLAN HEIGHTS—Each morning after sunrise, soldiers from the Israel Defense Forces stand on a hill and look into their binoculars over two parallel fences topped in barbed wire that stretch out […]
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 […]
FILE – Israeli Minister of Housing and Construction Uri Ariel, center, speaks to journalists during ceremony marking resumption of construction in east Jerusalem. TEXT SIZE – + VOA News June 05, 2014 2:24 AM Israel has announced plans to build about 1,500 more settlement homes in the West Bank and East Jerusalem in response to the Palestinians’ formation of a unity government. Israel’s housing ministry announced the new […]
WASHINGTON — For allies who speak often of their unbreakable bonds and constant communication, this has been a season of static between Jerusalem and Washington. The latest eruption was over the announcement this week that the United States would work with a new Palestinian government that emerged from reconciliation talks with Hamas. Prime Minister Benjamin Netanyahu and other senior Israeli officials have condemned the Obama administration in […]
Acknowledging that Syria will miss the June 30 deadline for eliminating its chemical weapons, the top United Nations official overseeing the arsenal’s eradication said Wednesday it was “very, very critical” for Syria to export the final shipment, which is packed and ready to go but is trapped in an area contested by insurgents in the civil war. The official, Sigrid Kaag, said she would be traveling to […]
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 […]
