ABU DHABI // Motorists are warned of a series of road closures over the next few days for the inaugural Abu Dhabi Tour cycling race. The event, which runs from Thursday until Sunday, will feature 108 competitors over a four-stage, 555-kilometre course around the emirate. Motorists are advised to avoid roads the race will pass through and to seek alternative routes. › Check out a map of […]
UAE. Across the GCC, public pension funds amount to US$397 billion, representing nearly a quarter of GDP and US$15,000 per national. This is according to EY’s GCC Wealth and Asset Management 2015 report – “Fast growth, divergent paths”, launched at the FundForum Middle East 2015. GCC Governments are relooking at existing models of both public and international pension funds to ensure they are sustainable. George Triplow, MENA […]
JERUSALEM — The Israeli authorities announced Monday night that they had apprehended a group of Palestinian militants affiliated with Hamas who admitted responsibility for the fatal shooting last week of an Israeli couple in front of their four children in the occupied West Bank. “We will act with a very harsh hand against terror and also against incitement,” Prime Minister Benjamin Netanyahu of Israel said in a […]
Letters spell the word ”Alphabet” as they are seen on a computer screen with a Google search page in this photo illustration taken in Paris, France, August 11, 2015. Reuters/Pascal Rossignol Google, which has now morphed into holding company Alphabet Inc (GOOGL.O), is in talks with messaging startup Symphony Communication Services LLC for a round of fundraising, a person familiar with the matter told Reuters. Symphony’s chat […]
TEHRAN — As the music ended and the crowd rose in a standing ovation, several women in the audience could be seen with heads bared, the obligatory head scarves draped around their necks. This was no underground concert by an indie band in North Tehran, though. Rather, it was a recital by a classical lute player in Vahdat Hall. As the opera house emptied, the women casually […]
DUBAI // The Vice President and Ruler of Dubai on Sunday launched a development foundation to fight poverty, spread knowledge, build communities and encourage innovation in more than 100 countries. The Mohammed bin Rashid Al Maktoum Global Initiatives will consolidate the work of 28 existing aid organisations, such as Dubai Cares, UAE Water Aid and the blindness-prevention charity Noor Dubai, with an annual operating budget of Dh1 […]
ADEN // Thousands of pupils returned to school in the Yemeni province of Aden on Sunday, following efforts by the UAE to rebuild 154 institutions destroyed or damaged in fighting between Houthi rebels and pro-government forces. The conflict led to the closure of schools in several parts of the country, including the southern province of Aden, which was liberated by loyalist fighters – backed by a Saudi […]
ABU DHABI // Emirati women have expressed their disappointment that only one female candidate was elected to the Federal National Council. Naama Al Sharhan, from Ras Al Khaimah, was the only women out of 78 candidates to succeed by picking up 1,004 votes. Asma Al Ali, 26, from Ajman, said she hoped many more women would make it on to the council. “I was shocked, I expected […]
SAUDI ARABIA. Saudi Arabia is leveraging low oil prices to accelerate development of its downstream petrochemical derivatives sector, and will add over 30 million tonnes of production capacity by 2020, raising production to 126 million tonnes from 2014 levels of 94.6 million tonnes, the latest edition of The Oil & Gas Year (TOGY) revealed. Capital expenditure in the petrochemical sector as well is set to further […]
UAE. In times of economic uncertainty, cold-hearted international investors seek more diversification of their property portfolios; as London provides opportunity for property capital appreciation with prices continuously on the rise in the last five years, reasonable prices and growing yields in Dubai market make an equally attractive income generating opportunity. Mutual InterestFor Middle Eastern investors, London has always been regarded as a strong investment complementary to their […]
ABU DHABI // Hundreds of pedestrians are risking their lives every day as they use a gap in a median fence to illegally cross one of the city’s busiest roads. On a recent afternoon, a group of men dashed across three lanes of traffic to the central reservation on Muroor Road, between Electra and Hamdan streets. As cars zoomed by, the men waited for a break in […]
RAMALLAH, West Bank — In a letter to the Israeli president just three months ago, Naama Henkin said she had contributed money to a fund for orphaned children, and asked him to do more to protect Jewish families like hers who live in West Bank settlements. The president, Reuven Rivlin, read the letter at the funeral for Ms. Henkin and her husband, Eitam, on Friday morning. The […]
Discount broker Scottrade said on Friday that it was the victim of a cyber attack from late 2013 to early 2014 that compromised client names and addresses in a database with information on some 4.6 million customers. The firm said it learned about the attack from federal law enforcement officials who were investigating the theft of data from Scottrade and other financial services firms. The company did […]
ABU DHABI // The artist who designed the intricate flowers and vines that adorn Sheikh Zayed Grand Mosque said the project had transformed his life. Before his work on the mosque, Englishman Kevin Dean was an acclaimed creator of botanic designs and illustrations, but had not worked on such a vast scale. After sending in his portfolio, he was appointed by Sheikh Sultan bin Zayed, the former […]
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, […]
Middle East Members of the Iraqi security forces outside the Turkish embassy in Baghdad. “Our 16 workers have just been received by our Baghdad ambassador,” Prime Minister Ahmet Davutoglu of Turkey said on Twitter. By CEYLAN YEGINSU September 30, 2015 ISTANBUL — Sixteen Turkish construction workers abducted four weeks ago by a Shiite militia in Iraq were released on Wednesday, Prime Minister Ahmet Davutoglu of Turkey said in a statement […]
Middle East Video Prime Minister Benjamin Netanyahu of Israel, at the United Nations on Thursday, called the nuclear deal with Iran a marriage of militant Islam and nuclear weapons. By RICK GLADSTONE and JODI RUDOREN September 30, 2015 Prime Minister Benjamin Netanyahu of Israel doubled down Thursday in his harsh condemnations of the Iranian nuclear deal, describing the widespread international praise for it as a grave misjudgment. “I wish I could […]
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 […]
WORKERS SUFFER AS KERALA GOVT KEEPS SILENT By P. Sreekumaran THIRUVANANTHAPURAM: With both the plantation owners and workers in tea,…
ADEN // The smiling, triumphant fighters waving the flags of the UAE, Saudi Arabia, Bahrain and Yemen at the Marib Dam were not just celebrating a strategically important victory in the battle to restore stability to Yemen. They were also fulfilling a vow by Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces. While visiting families of the Emirati […]
When President Mahmoud Abbas of the Palestinian Authority told the United Nations on Wednesday that the Palestinian people “cannot continue to be bound by” agreements with Israel, what was he repudiating? Mainly, he was talking about the Oslo peace accords, which Mr. Abbas’s predecessor, Yasir Arafat, signed in 1993 and 1995 with Yitzhak Rabin, the Israeli leader who was later assassinated by an extremist Jew. Those accords […]
ABU DHABI // New reforms to the Labour Law were welcomed by expatriate workers and bosses. The changes will come into force from January 1 through three decrees, the Ministry of Labour said. The main goal is to ensure transparency and compliance in matters related to labour contracts, including terms of termination. Emirati businessman Sanad Al Meqbali said the new laws would benefit both the employer and […]
The Twitter logo is shown at its corporate headquarters in San Francisco, California April 28, 2015. Reuters/Robert Galbraith REUTERS – Twitter Inc said on Wednesday it was partnering with U.S. retailers to help them sell products through a “Buy Now” button in tweets, the latest move by the company to boost flagging user growth. The “Buy Now” feature, which was initially rolled out to a small percentage […]
OBAMA HAS TO WORK WITH PUTIN TO DEESCALATE By Arun Srivastava By sending troops in support of the Assad regime…
