|By TAP Staff| The UAE is taking the world’s most popular landmarks and attractions in Vegas, Orlando, London, Paris, New York and Ibiza to the next level for 2020. “Dubai is now considered as an international city on the same stage as New York, London, Paris and Tokyo, and is leading the development of the UAE leisure market together with Abu Dhabi,” said Phil Taylor, Director of Team Leisure LLC, previously Chief Executive of […]
TEHRAN — “Happy nuclear deal” said Cyrus Razzaghi, a business consultant here, when he picked up the phone on Wednesday. Mr. Razzaghi has been trying to make a business of organizing seminars and meetings for European and American companies interested in Iran, but it had been a bit slow until now. Even though, technically, many of them could have done business here despite the sanctions, they feared […]
WASHINGTON — President Obama on Wednesday urged lawmakers to support the nuclear deal reached with Iran, saying that failure to put it into effect would increase the likelihood of war in the Middle East and accelerate a nuclear arms race in the region that would threaten the safety of the United States. “That’s the choice that we face,” Mr. Obama said in opening comments at a news […]
RAMALLAH, West Bank — Five Palestinian men, including at least three members of the military wing of the Fatah faction, were arrested on Wednesday, accused of planning and executing a particularly audacious shooting last month, the Israeli military and police said. The shooting, which killed one Israeli man and wounded another, came amid a wave of attacks targeting Israeli civilians and military forces in the occupied West […]
INTERNATIONAL. A desperate battle was fought last week. It pitted Germany and Greece against each other. Each country had everything at stake. Based on the deal that was agreed to, Germany forced a Greek capitulation. But it is far from clear that Greece can allow the agreement reached to be implemented, or that it has the national political will to do so. It is also not clear […]
UAE. Dubai continued to see steady supply growth during the first six months of the year, as performance within the residential and hospitality markets began to soften after a three year period of sustained growth, according to the Q2 2015 Dubai MarketView by global property consulting firm CBRE. According to the CBRE report, Dubai’s rental market continues to outperform the transactional market in 2015, although residential leasing […]
Anti-Houthi militiamen on Tuesday at the entrance to Aden’s international airport, which they recaptured from Shiite Houthi rebels. By SAEED AL-BATATI and KAREEM FAHIM July 14, 2015 AL MUKALLA, Yemen — Southern fighters battling Houthi rebels seized control of the international airport in Yemen’s port city of Aden on Tuesday, dealing the Houthis their most significant defeat in the city since they stormed it more than three months ago, witnesses and […]
Video | Accord is ‘Bad Mistake,’ Netanyahu Says Prime Minister Benjamin Netanyahu of Israel said the nuclear agreement would enable Iran to continue its “aggression and terror” throughout the region. By ISABEL KERSHNER July 14, 2015 JERUSALEM — Furiously denouncing the accord to limit Iran’s nuclear program on Tuesday as “a historic mistake,” Prime Minister Benjamin Netanyahu said that Israel would not be bound by the agreement and warned […]
Video | Iranians Celebrate Nuclear Deal Iranians took to the streets on Tuesday night to celebrate the nuclear accord between the United States and Iran. By THOMAS ERDBRINK July 14, 2015 TEHRAN — Weary of sanctions and isolation, many ordinary Iranians rejoiced on Tuesday over a historic nuclear agreement with world powers led by the United States, the main enemy for nearly four decades. But their excitement was tempered […]
|By TAP Staff| The end of sanctions could bring a rapid economic boom Iran, which had its oil exports halved by sanctions, and its economy cut by about 20 percent. The prospect of a deal has already helped push down global oil prices because of the possibility that Iranian supply could return to the market. Oil prices tumbled more than a dollar on Tuesday after the deal […]
|By Matein Khalid| Last week was a roller coaster and the Nikkei Dow closed at 19,800. Abenomics has had a seismic impact on Japan’s economy, financial markets and banking system. The yen has fallen from 76 on the eve of the election in 2012 to 122 against the US dollar. Corporate profits have exploded. Land price rises, job growth, bonuses, capex and consumer spending have lifted Japan […]
Shiite fighters launched a rocket on Sunday toward Islamic State militants from the outskirts of Fallujah, in Anbar Province, Iraq. By OMAR AL-JAWOSHY and ANNE BARNARD July 13, 2015 BAGHDAD — The Iraqi government declared on Monday that it was beginning a major military operation to retake the western province of Anbar from the Islamic State, which occupies much of the area including its major cities, Ramadi and Falluja. It was […]
By DIAA HADID July 13, 2015 JERUSALEM — A Palestinian man who waged a 55-day hunger strike in prison to pressure the Israeli authorities to release him was detained on Monday, just a day after he was freed. The man, Khader Adnan, 36, was stopped after he tried to enter the walled Old City of Jerusalem to worship at the Al Aqsa Mosque on the holiest night of Ramadan, […]
Palestinians carried the body of Muhammad Hani al-Kasba, 17, during his funeral in Ramallah on July 3, the day he was shot by an Israeli soldier. By DIAA HADID July 13, 2015 JERUSALEM — An Israeli human rights group on Monday challenged the military’s account of an episode in which a soldier shot and killed a Palestinian youth who had hurled a rock at his vehicle, saying that video […]
Tonight we here in the US of A bid a fond farewell to Top Gear when the last show featuring the trio of Jeremy “The Orangutan” Clarkson, Richard “The Hamster” Hammond, and James “Captain Slow” May airs on BBC America. I’m sure I don’t need to go into the details about how their run on the show came to an end, but there was some doubt whether […]
Iranian stocks climbed to the highest level in three months as diplomats from the Persian Gulf country and six negotiating powers moved closer to reaching a nuclear accord. The Tehran Stock Exchange’s benchmark index advanced 1.2 percent on Sunday to 67,646.4, the highest level since April 15, as officials sought to clinch a deal that would help lift sanctions crippling Iran’s economy. Bank Saderat Iran was the […]
Secretary of State John Kerry in Vienna on Sunday. By MICHAEL R. GORDON and DAVID E. SANGER July 12, 2015 VIENNA — Negotiators from Iran and six world powers are getting closer to a landmark agreement that would limit Tehran’s nuclear ability for more than a decade in return for sanctions relief, diplomats said on Sunday. Although the talks adjourned for the day with no agreement, negotiators said they would renew their efforts […]
Rulers and ministers from the UAE have attended the funeral of Prince Saud Al Faisal, who served as foreign minister of Saudi Arabia for four decades. Prince Saud’s body arrived on Saturday morning at King Abdulaziz International Airport in Jeddah from the US, where he died on Thursday aged 75. His body was taken to Al Adel Cemetery in Mecca. A delegation including Sheikh Hamdan bin Zayed, […]
|By TAP Staff| Dubai’s bilateral trade with was valued at AED 47 billion in the first quarter of 2015, it was revealed. For the whole of last year, Dubai-China trade was worth a record AED 175 billion. The statistics were revealed at a meeting between Director of Dubai Customs Ahmed Mahboob Musabih and Consul General of the People’s Republic of China in Dubai, Li Lingbing. The two […]
VIENNA — Secretary of State John Kerry said on Saturday that there were still “difficult issues to resolve” before a landmark nuclear accord with Iran could be completed. Mr. Kerry, who is in his 15th day of talks here, posted that message on Twitter after a meeting with Mohammad Javad Zarif, Iran’s foreign minister, and Federica Mogherini, the European Union’s foreign policy chief. Iran’s insistence on the […]
|By Matein Khald| During the 2008 post-Lehman financial meltdown, home prices in Dubai fell by 60-70 per cent and a generation of offplan flippers and leveraged investors/buyers (a mortgage, by definition, is a highly leveraged and speculative financial product. There is a reason the word “mortgage” derives from the French “mort” or death!) were wiped out. However, the Arab Spring, global liquidity and the successful debt restructuring […]
Ellen Pao speaks to the media after losing her high profile gender discrimination lawsuit against venture capital firm Kleiner, Perkins, Caufield and Byers in San Francisco, California March 27, 2015. Reuters/Beck Diefenbach SAN FRANCISCO Ellen Pao resigned as acting chief executive of Reddit Friday in the latest sign of turmoil at the site, recently roiled by the firing of a popular employee and ongoing tensions over the […]
Electronics giant Samsung is bleeding on the smartphone side, with seven straight quarters of decline. The company hopes to correct that in the quarter ahead by beating Apple to the punch. Samsung is set to roll out its next Galaxy Note phablet device in mid-August. That breaks the company’s release cycle, which usually sees new Note devices hit the market in September. The electronics giant needed to […]
