CAIRO: Data coming from the United Arab Emirates on Wednesday has posted inflation to its highest rate in 9 months on an annual basis in April, despite an ongoing price decline in its trade and business hub Dubai. Annual consumer price growth in the $360 billion economy, the second largest among Arab countries, picked up [...]
Cairo – Saudi Arabia has announced it will re-open its embassy in Egypt, after closing it in late April due to massive protests. The conflict began when Ahmed al-Gizawi, an Egyptian human rights lawyer, was arrested in April by Saudi security forces upon arriving in the country to take part in the umrah, an Islamic [...]
DUBAI: Although he has denied the charges, an Emirati man is facing court charges in the United Arab Emirates after he reportedly posed as a police officer in January and raped a Filipina clerk. According to a report published by the Khaleej Times on Saturday, the 31-year-old Emirati, pretending to be a cop, threatened to [...]
DUBAI: On Friday, five Egyptians were arrested briefly for attempting to distribute leaflets calling on expat Egyptians to vote for the Muslim Brotherhood’s Freedom and Justice Party (FJP) candidate Mohamed Morsy in the presidential election. The result has been the Kuwaiti government putting the clamps down on any campaigning in the country by Egyptians living [...]
ABU DHABI: “Reducing the turnaround time of crediting to bank accounts, to real time, for our Filipino customers, is our aim. FLASHremit enables us to address it perfectly, taking money transfer to the next level,” said Mr. Y. Sudhir Kumar Shetty, COO – Global Operations, UAE Exchange, talking on the occasion of UAE Exchange joining [...]
CAIRO: The first Saudi Arabia women have been recruited into the country’s military service, Arab News reports. However, they will be stationed as privates as Passport Control departments on only border crossings. Although a first, many in the country argue it does little to boost female participation in the ultra-conservative country known for its repression [...]
United Arab Emirates (UAE) authorities have expanded their crackdown on peaceful political activists with the recent arrests of two more members of a non-violent political association advocating greater adherence to Islamic precepts, Human Rights Watch said. The new arrests, of Saleh al-Dhufairi and Salem Sahooh, bring to 11 the total number of detained members of [...]
CAIRO: Dubai-based mobile operator DU has post a rise in its 1st quarter profits of 61.8 percent, scoring net income for the first three months of the year increased to AED 666 million ($181 million) from AED 412 million a year earlier. Company, also known as Emirates Integrated Telecommunications said in a press release “We [...]
KUALA LUMPUR: With reports that Malaysian citizens took part in the Berih 3.0 protests in Mecca and Medina in Saudi Arabia, the Malaysian government is concerned that the ultra-conservative Gulf country could ban the Southeast Asian citizens from participating in the Hajj and Umrah pilgrimages to the Islamic holy sites. The government here in Kuala [...]
DUBAI: Malaysia is currently in debate over the law on foreign workers in the United Arab Emirates after rights activists and workers pushed the government to look into the situation facing Malaysians working in the wealthy Gulf country. Deputy Prime Minister Tan Sri Muhyiddin Yassin said the matter was discussed at length during his meeting [...]
DUBAI: Videos posted online showed Bahrain activists in full protest mode, burning tires in yet another display of defiance in the small Gulf Kingdom embroiled in upheaval now for 15 months. The protesters were demanding the release of female activists who had been detained during the past year of protests against the country’s ruling monarchy. [...]
CAIRO: Saudi Arabia’s Ambassador to Egypt and Permanent Representative to the Arab League Ahmad Abdul-Aziz Kattan declared that within the framework of Saudi support to Egypt, the two countries signed a memorandum of understanding stipulating that Saudi Arabia will assist Egypt with $500 million, a press release stated. An MOU, which states that the Kingdom [...]
LONDON: A German man has been arrested at the Munich International Airport after customs officials discovered 49 live lizards in his bag, which he said were to be cooked and eaten. Striking anger in animal rights groups in the country, the man, identified as a 28-year-old returning from Oman, offered to bit the head off [...]
DUBAI: The phone sits on the table at the cafe as Mariam sips her tea and pushes smoke from her water-pipe from her lips. She is waiting for positive news on a court case against an Emirati man charged with attempting to rape a Filipina maid in the country. “We too often have to hope [...]
CAIRO: Egypt’s stocks were halted during its rally on Wednesday after a fourth consecutive session, as most investors were ahead of earning gains, and Orascom Construction weighed on the main index, while most of gulf bourses stumbled in a mute trade. EGX 30, the main index, dipped 0.5 percent to close at 5031 points, above [...]
CAIRO: Qatar, world’s biggest natural gas exporter, is planning to issue Islamic bonds “Sukuk” for the first time ever, as it has sent a request for proposals to banks and is close to mandating arrangers, report said on Wednesday. “The sukuk is expected sometime in the second quarter, before the summer break”, the sources said. [...]
CAIRO: The Saudi Arabian government has announced an ambitious plan to boost solar power in the country, aiming to install 41 gigawatts of solar power by 2032, the governments of King Abdullah City for Atomic and Renewable Energy announced. According to the government, the ultra-conservative Gulf kingdom is planning to place more focus on renewable [...]
CAIRO: Abu Dhabi’s government will invite bids for a new t water and power project, its ninth facility, by September as it boosts capacity to meet rising demand in this vital sectors, sources told reporters on Wednesday. “Advisors for the project will be appointed first and the process of prequalifying companies will start in about [...]
CAIRO: Egypt’s indices rallied to a 7-week high, amid optimism about a smooth president election, and the first increase in foreign reserves since 2010. EGX30, the main index, rose 0.6 percent to close at 5056 points, its highest close since March 22, rising for a fourth straight session. Central bank figures on Sunday showed Egypt’s [...]
CAIRO: Saudi Arabia billionaire Prince Alwaleed bin Talal is targeting three big investments in the near-term, setting a high bar for the acquisitions as he pursues ambitious returns of at least 20 percent, he told Handelsblatt’s Tuesday edition, a German newspaper. “We are currently in talks over three quite big (investment) projects – one in [...]
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