Men stood on a building damaged during Hamas’s last war with Israel. Gaza’s unemployment rate has risen to 44 percent, the highest in the world. By DIAA HADID and MAJD AL WAHEIDI June 1, 2015 GAZA CITY — On a street here crammed with glittery clothing and electronic shops, Mahmoud Matar flipped through the receipt book for his appliance store, much of it blank: His lone sale that day was a $7 […]
Intel Corp (INTC.O) agreed to buy Altera Corp (ALTR.O) for $16.7 billion as the world’s biggest chipmaker seeks to make up for slowing demand from the PC industry by expanding its line-up of higher-margin chips used in data centres. By combining with Altera, Intel will be able to bundle its processing chips with the smaller company’s programmable chips, which are used, among other things, to speed up […]
Shreyas Shipping & Logistics, part of Dubai headquartered global conglomerate Transworld Group, posted impressive results for last year. For the financial year ended 31st March, 2015, Shreyas posted a consolidated turnover of Rs.5.45.billion as against Rs.4.87 billion for the year ended 31st March, last year. Profit After Tax was recorded at Rs.617.5 million, compared to a loss of Rs.43.2 million last year. This is the company’s best ever performance till […]
By KAREEM FAHIM and RICK GLADSTONE June 1, 2015 CAIRO — Houthi rebels in Yemen on Monday released an American freelance journalist who had been in their custody for about two weeks, the State Department and the journalist’s family reported. The journalist, Casey L. Coombs, one of several Americans believed to be held by the Houthis, was freed as a video was released and published online of Isabelle Prime, a Frenchwoman […]
|By Fiona Maharg-Bravo |Big Oil is too confident about crude prices. After a 40 percent rally from January’s six-year low, the momentum has been on the upside. But the current prices – $65 a barrel for Brent and $60 for WTI – look more like a ceiling than a floor. That is not what many insiders seem to think. Some oil service companies expect mid-$70s Brent by […]
By KAREEM FAHIM and RICK GLADSTONE June 1, 2015 CAIRO — Houthi rebels in Yemen on Monday released an American freelance journalist who had been in their custody for about two weeks, the State Department and the journalist’s family reported. The journalist, Casey L. Coombs, one of several Americans believed to be held by the Houthis, was freed as a video was released and published online of Isabelle Prime, a Frenchwoman […]
NORWICH, UK // A former UAE teacher has published a book on Islamic art for children that she hopes will help to improve perceptions of the Muslim world. Mary Beardwood spent six years researching and writing Discovering Islamic Art, the second book she has written about the culture and traditions of the region. A retired teacher who worked at Jebel Ali Primary School, Rashid School for Boys […]
By JODI RUDOREN May 31, 2015 JERUSALEM — Prime Minister Benjamin Netanyahu of Israel said on Sunday that his country faces “an international campaign to blacken its name” based not on his policies toward the Palestinians but “connected to our very existence,” likening the mounting boycott movement to anti-Semitic “libels” of earlier eras. Speaking to his cabinet after Israel’s successful diplomatic blitz to block a Palestinian bid to suspend […]
|By K Raveendran| Qatar has maintained complete silence over any possible connections with the indictment of FIFA officials on various charges, including acceptance of gratification in awarding World Cup editions. The situation continues to hold suspense amidst reports coming from the US that criminal charges are to be brought against more people. Bloomberg reports quoting Internal Revenue Service’s chief investigator that the U.S. investigation of corruption in […]
By THE ASSOCIATED PRESS May 30, 2015 BEIRUT — Syrian Army airstrikes killed at least 70 people, most of them civilians, and wounded scores in attacks on Saturday in the northern province of Aleppo. Activists said that civilian areas, including a packed market in a town held by the Islamic State group, were hit. The deaths occurred in two separate strikes when helicopters dropped explosives-filled barrels. One barrel hit the […]
Pakistani volunteers tried to identify the bodies of some of the 22 people killed Friday night in attacks in Baluchistan. By SALMAN MASOOD and ZIA ur-REHMAN May 30, 2015 ISLAMABAD, Pakistan — Tensions were running high on Saturday in southwestern Pakistan after dozens of heavily armed gunmen, wearing the uniforms of security forces, stopped two buses, singled out ethnic Pashtuns and fatally shot at least 22 of them on Friday night. […]
Mohammed Soltan is pushed by his father during a court appearance in Cairo on March 9. By KAREEM FAHIM May 30, 2015 CAIRO — Mohamed Soltan, an American citizen who spent nearly two years in an Egyptian prison on charges that he supported an Islamist protest, has been released by the Egyptian authorities and flew back to the United States on Saturday, his family said in a statement. Mr. […]
Diane Foley in August after ISIS beheaded her son, James. She has taken part in a review of government policy on hostages. By JULIE HIRSCHFELD DAVIS May 29, 2015 WASHINGTON — When President Obama met recently with the mother of James Foley, the American hostage beheaded last August by the Islamic State, she said, he told her that freeing her son and the other American hostages held with him had […]
INTERNATIONAL. Happy passengers are the ultimate goal of airlines and airports and new research from global IT provider SITA proves that technology can help. In a ground-breaking survey, SITA investigated the connection between a passenger’s use of technology and their emotions to discover how passengers around the world feel at every point of the journey. The results reveal that airline passengers are happiest and most excited when […]
UAE. The depressed oil prices predominant since late last year could herald a lasting trend if, as evidence suggests, we are now facing the low-price segment of an oil ‘super cycle’, according to the latest paper from global strategy and management consulting firm A.T. Kearney. This new situation would pose both challenges and opportunities to Middle East companies and countries. There is still much volatility in the […]
UAE. Etihad Airways, the national airline of the United Arab Emirates, achieved its strongest financial results to date in 2014, posting a net profit of US$ 73 million on total revenues of US$ 7.6 billion, up 52.1 per cent and 26.7 per cent respectively over the previous year. 2014 PEFORMANCE SUMMARY OF ETIHAD AIRWAYS *The above results represent the standalone airline business within the newly formed Etihad […]
World Briefing By TIM ARANGO May 29, 2015 BAGHDAD — The Islamic State claimed responsibility on Friday for car bombings that struck two luxury hotels in Baghdad, which a security official said had killed 14 people and wounded 25. The bombings took place in the parking lots of the hotels around midnight Thursday amid the busy social swirl of the start of the weekend here, highlighting the ability of […]
Intel Corp (INTC.O) has resumed talks to buy programmable-chip maker Altera Corp (ALTR.O) and is close to a $16 billion deal, people familiar with the matter said on Friday, paving way for the third mega semiconductor-chip deal this year. The price for Altera could be as much as $54 per share, according to one of the people. This would be a 15 percent premium over the stock’s […]
The site of an explosion near a Shiite mosque in Dammam, Saudi Arabia, on Friday. By BEN HUBBARD May 29, 2015 BEIRUT, Lebanon — A suicide bomber dressed in women’s clothing detonated his explosive belt near the entrance to a Shiite mosque in eastern Saudi Arabia on Friday, killing three other people, according to Saudi state media. The Islamic State jihadist group claimed responsibility, as it did just a […]
My wedding day was the first best day of my life. I could not have ordered a more perfect day if I had had a menu of choices in front of me. The marriage to my best friend was what I was really looking forward to. I wanted to settle down and start a family and that’s what we did. Our ideal world was lost on Sept. […]
Tech giant Apple has acquired Metaio, a company that creates tools for authoring, rendering and managing augmented-reality applications, for an undisclosed sum, according to legal documents filed in Germany. A notarized registration form filed in a Munich court indicates that 29,121 Euros (around $32,000) in shares held by Metaio were transferred to Apple last week. Based in Munich, Metaio was founded in 2003. The company grew out […]
DP World to start USD bond meetings Thursday DUBAI, 23 days ago DP World, one of the world’s biggest port operators, will hold meetings with investors in the United States, Britain and the UAE from Thursday before a possible benchmark US dollar bond issue, a document from lead managers showed on Tuesday. Benchmark size is usually taken to mean at least $500 million. Sources aware of the […]
By SAM BORDEN and JODI RUDOREN May 28, 2015 ZURICH — The protesters outside the arena where FIFA staged the opening ceremony for its annual congress Thursday held Palestinian flags and blunt banners. “Red Card Israel Apartheid,” one read. “Occupation = Segregation,” another said. “EXPEL Israel, Say NO to racism and discrimination.” But as the congress convened, the Palestine Football Association’s proposal to oust its Israeli counterpart from FIFA, soccer’s international […]
|TAP Special| It has been stated that the indictment of the FIFA bosses by the US Attorney General is not likely to impact the World Cup in Qatar, but there are several instances of the Qatar connection being mentioned in the FIFA indictment by the US District Court. The Qatar connection comes in the form of Co-Conspirator #7, whose name has not been disclosed, but has been […]
