Yemeni vice president: Iran’s dangers are a threat to our nation’s future

:: Yemeni Vice President Lt. Gen. Ali Mohsen Saleh has described Iran as a “source of danger” and said it poses a threat to Yemen’s future. The official Yemeni More »

Tunisia’s Grand Mufti ‘to appear before the judiciary on corruption charges’

:: Controversy is brewing in Tunisia after several media outlets began reporting that the judiciary is mulling charging the country’s Grand Mufti Sheikh Othman Battikh with corruption charges. Local More »

Abdullah Al-Thani hopes ‘Qatar will cooperate to facilitate Hajj pilgrims’

:: Qatar’s Sheikh Abdullah bin Ali Al-Thani has said he regrets the inability of pilgrims from Qatar to travel to Saudi Arabia directly from Hamad International Airport via Saudia More »

Russian jets kill more than 200 ISIS militants near Syria’s Deir al-Zor

:: Russia’s air force has destroyed a large column of ISIS fighters on their way to the Syrian city of Deir al-Zor, killing over 200 militants, Russian news agencies More »

Pentagon’s Mattis again seeks to reassure US allies

:: Defense Secretary Jim Mattis travels to the Middle East and eastern Europe next week to play the increasingly familiar role of reassuring allies that the United States is More »

 

Category Archives: Economy

US formally launches probe of China’s intellectual property practices

:: The United States on Friday formally launched an investigation into China’s alleged theft of US intellectual property, a widely expected move following a call from President Donald Trump earlier this week to determine whether a probe

India threatens Philip Morris with ‘punitive action’ over alleged anti-smoking violations

:: The Indian government has threatened Philip Morris International with “punitive action” over the tobacco giant’s alleged violation of the country’s anti-smoking laws, according to a letter sent to the company by the federal health ministry. The

Stocks stumble on Spain attacks

:: European stock markets sank Friday as traders sought haven investments such as gold following an attack in Barcelona that sent airline share prices down. Thursday’s deadly van attack in the Catalan capital compounded investors’ concerns over

China’s Lenovo warns of cost challenges as it sinks to Q1 loss

:: Chinese personal computer maker Lenovo Group warned of higher costs and margin pressure due to shortages of components like memory chips, as it posted its first quarterly loss in almost two years on Friday. Lenovo, which

Work on Grand Mosque expansion to resume

:: Saudi Binladin Group will restart work next month on the $26.6 billion expansion of the Grand Mosque in Mecca, nearly two years after work stopped in the wake of a crane collapse at the site that

Egypt’s first bitcoin exchange to begin trading this month

:: Egypt’s first bitcoin exchange will go live later this month, the founders of Bitcoin Egypt said, linking the Middle East’s most populous country with a cryptocurrency that has surged in value in recent months. Many governments

Egypt’s cabinet passes regulations for new investment law

:: Egypt’s cabinet passed regulations on Thursday for a new investment law aimed at attracting foreign investors to help the economy recover after a 2011 uprising. Investment Minister Sahar Nasr said the law will now be passed

Update on how the giant Dubai Creek Tower is shaping up

:: Announced in October of last year, Dubai Creek Tower, is now among the UAE’s skyscraper giants, despite not having its exterior skeleton ready yet. The company in charge of building the tower, Emaar, released new aerial

Pre-school to university, one child’s education in the UAE to cost Dh1 mln

:: A recent study by Zurich Middle East has revealed that educating a single child in the UAE from pre-school through to university will cost an estimated one million dirhams. The figure comprises the cost of education

Stung by boycott, some Qatari firms asking employees to take unpaid leave

:: Qatar’s feud with the four boycotting neighbors is making life harder for some foreign workers in the country. This is worsening the situation caused by layoffs due to low oil prices and a work-sponsorship system that

Details emerge on when UAE expects to issue tax laws

:: United Arab Emirates expects to issue laws on value-added tax and excise tax in the third quarter of this year, and to issue regulations covering implementation of those laws in the fourth quarter, a senior UAE

UAE’s Union National Bank opens Shanghai branch

:: Union National Bank (UNB), 50 percent owned by the Abu Dhabi government, has begun operations at its branch in Shanghai, becoming the first bank from the UAE to operate a branch in mainland China, the bank

Air Berlin files for insolvency after Etihad withdraws support

:: Air Berlin, Germany’s second-largest airline, filed for bankruptcy protection on Tuesday after key shareholder Etihad Airways withdrew funding following years of losses, leaving valuable runway slots up for grabs. The move offers Lufthansa and rivals a

Britain says Brexit talks should move to next phase

Philip Hammond

:: Britain said on Sunday that it wants talks with the EU to move on to the next phase, as it set out details of the future relationship it envisages with the bloc and senior ministers presented

Merkel’s rival slams car bosses in bid to revive campaign

Martin Schulz

:: German Chancellor Angela Merkel’s chief challenger in a September election, Martin Schulz, has launched a stinging attack on the country’s dieselgate-tainted car industry as he sought to turn around a flagging campaign. The leader of the

Saudi Arabia to launch joint trade council with Iraq

:: Saudi Arabia and Iraq are to launch a joint trade commission, the Saudi cabinet announced Monday. “The cabinet has decided to approve the establishment of the Saudi-Iraqi Coordinating Commission and to delegate the Saudi minister of

Saudi budget: Revenues up, deficit down in second quarter

:: Saudi Arabia’s Finance Ministry announced the kingdom’s second quarter budget performance on Sunday, the highlight of which was a 6 percent rise in revenues from last year to SAR 163.9 billion ($43.7 billion). The ministry said

Trump to ramp up trade pressure on China with call for probe on Monday

:: President Donald Trump on Monday will order his top trade adviser to determine whether to investigate Chinese trade practices that force US firms operating in China to turn over intellectual property, senior administration officials said on

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