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Israeli peace negotiator Stalemate bad for Israel
Tzipi Livni told a parliamentary committee Tuesday that resuming negotiations was "first and foremost an Israeli interest." She spoke days before U.S. Secretary of State John Kerry is expected to arrive in Israel for his latest push to restart long-dormant ...
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Mortar attack kills 3 workers near Syrian capital
Three workers were killed and 23 others wounded Tuesday when armed men fired mortar shells that slammed a clothing factory in a Damascus suburb, the pro- government Sham FM radio reported.Most of those injured are in critical conditions, the report said, adding that a huge material loss has been caused to the al- Wasim factory in the eastern suburb of al-Mlaiha.Mortar attacks have become a daily ...
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Syrian army destroys trespassing Israeli vehicle Israe l
Syrian army destroyed an Israeli military vehicle that trespassed on Syrian territories and Israel responded by firing two rockets at a military site in Syria, the military general command said in a statement Tuesday.The army destroyed the vehicle on Tuesday afternoon after it surpassed the ceasefire line between Israel and Syria on the Golan Heights and moved toward the town of Beir al-Ajam ...
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Middle East’s first online court case registration launched in Dubai
Dubai Courts officially launched three innovative online service programmes. The three programmes provide facility for online case registration, access to archive of case files, and pro bono legal advice. The launch took place in the context of Dubai Courts’ strategic vision towards 'leadership in court performance', which aims to save time and effort, and to aid the facilitation ...
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Tunisia Man back from Saudi Arabia dies from coronavirus 2 children treated and recovered
TUNIS, Tunisia - Tunisia's Health Ministry says a 66-year-old man has died after being infected by the new coronavirus following a visit to Saudi Arabia. The ministry's statement reported that his son and daughter were also diagnosed with the virus but have been treated and since recovered. The cases are the first for Tunisia and indicate that the virus is slowly trickling out of the ...
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Qatars Doha Bank may sell bonds to raise capital - CEO
Tue May 21, 2013 7:06am EDT * CEO says has multiple options for capital raise * Bank focused on regional growth currently * Gulf banks have sold Tier 1 bonds in recent months By David French DUBAI, May 21 (Reuters) - Qatar's Doha Bank could issue a capital-boosting bond instead of shares as planned, although it was evaluating the best route to help raise core capital, its chief executive ...
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Qatar National Bank to start India operations in expansion push
Qatar National Bank, one of the most acquisitive Gulf Arab lenders, will start operations in India in the third quarter of this year, the bank said on Tuesday, expanding its reach to Asia's third-largest economy. The state-owned bank, which has a presence in nearly 25 countries, said it had received all regulatory approvals to establish a fully-owned subsidiary under the name of QNB India ...
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Saudi Arabia executes five Yemenis
Saudi Arabia executed five Yemenis and displayed their bodies in public for killing a national and forming a gang that committed robberies across several towns in the kingdom, the interior ministry says.The five were executed in the southwestern town of Jizan, bringing the number of people executed in the kingdom this year to 46, according to an AFP tally.A witness in Jizan said the five bodies ...
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Syria Israel exchange fire over border
DAMASCUS, Syria -; Syria said Tuesday it destroyed an Israeli vehicle that crossed the ceasefire line in the Golan Heights overnight, while the Israeli military said gunfire from Syria had hit an Israeli patrol, damaging a vehicle and prompting its troops to fire ...
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Qatars QNB set to launch Indian operations in Q3
QNB (India) will take the role of extending consultancy and advisory services in the field of investment and finance for the Middle East companies that are willing to establish businesses in India or invest in ...
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Qatar expansion driving down credit growth - Barclays
"Annual credit growth is likely to be closer to 14-17% y-o-y" Qatar's banks' credit is likely to grow by 14% to 17% year-on-year (y-o-y) in 2013, much lower than the average 27% expansion seen in the previous two years, according to a Barclays study.The recent Qatar Central Bank (QCB) data showed a fall in credit during the first quarter of 2013, with quarter-on-quarter ...
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VTB finds tricky main SPO buyer Qatar
Finance Qatar's sovereign wealth fund will become the main purchaser in VTB's secondary public offering, buying $1 billion of the available $3.3 billion shares. It may prove to be a difficult shareholder for Russia's second largest lending bank. The Sovereign Fund of Qatar is aiming to secure a business partnership in order to develop new joint projects. After the purchase it ...
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Israel extends Palestinians Gaza fishing zone
Palestinian fishermen riding fishing boats take part in a protest calling for an increased fishing zone, at the seaport of Gaza City April 7, ...
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Eight bosses sacked in big Kuwait Petroleum shake-up
State-owned Kuwait Petroleum Corp (KPC) has sacked the heads of all of its eight subsidiaries in the company's largest ever shakeup, following a controversial $2.2bn compensation payment to US firm Dow Chemical, according to local ...
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Qatar to get $500m of shares in Russian bank VTB
The sovereign wealth funds of Qatar, Norway and Azerbaijan will each get about $500m of the new shares being issued by VTB, the Russian bank's chief executive Andrei Kostin said on Tuesday.The $500m allocation is the "kind of ticket we are thinking of" Kostin told Reuters in London. The allocations will give the investors more than half the new shares being sold in VTB's ...
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Officials More attacks in Iraq 7 killed
A police officer says a suicide blast at a checkpoint, followed by militants who opened fire at Iraqi troops, has killed three soldiers in Tarmiyah. The town is 50 kilometers (30 miles) north of ...
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Attacks in Iraq kill 7 including 3 soldiers
A new wave of attacks struck war- torn Iraq on Tuesday morning and killed at least seven people, including three soldiers, while 75 others were injured in the violence, police said.Three Iraqi soldiers were killed and seven others wounded in an attack by an armed group at a base of the Iraqi army in Tarmiya, some 30 km north of Baghdad, a police source told Xinhua on condition of anonymity.The ...
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18 militants killed in Afghan operations within day
Eighteen militants have been killed and 22 others detained in a series of operations in different Afghan provinces within the last 24 hours, the country's Interior Ministry said Tuesday."Up to 18 armed Taliban have been killed and 22 others captured in Nangarhar, Kandahar, Zabul, Wardak, Logar, Ghazni, Paktiya and Helmand provinces when Afghan National Police (ANP), supported by army ...
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Iran approves agreement on Argentine bombing probe diplomat
Eduardo Amadeo, a legislator from the opposition Peronist Front, left, speaks against an agreement between Argentina and Iran in Buenos Aires, Argentina, Wednesday, Feb. 27, 2013. The signs read in Spanish "Iran kills," left, and "Do not betray their memory, no to the agreement with the Iran regime." (AP Photo/Victor R. ...
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Qatar Economic Zone 1 first phase to open in 2016
The first of Qatar’s three planned economic zones may be open for business as early as the first quarter of 2016, according to Fahad Rashid Al-Kaabi, CEO of Qatar Economic Zone Projects. Speaking on the sidelines of the MEP Conference in Qatar, Al-Kaabi added that the opening of the third economic zone could follow soon after in 2016 Q2. "We have a phased approach on all the ...
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IMF again raises Egypt inflation forecast to 3-year high
The International Monetary Fund Inflation in Egypt is expected to climb to 10.9 percent this year, the highest level since 2010, the International Monetary Fund said on Tuesday, more than it expected in April."Inflation is expected to rise in Egypt, Jordan, Morocco, and Tunisia, reflecting recent and planned subsidy cuts and, in some cases, pressure from monetization of fiscal deficits and ...
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Saudi Arabia crucifies 5 Yemenis for murder Report
Saudi Arabia on Tuesday executed and crucified five Yemenis convicted of murder and forming a gang which carried out robberies across several towns in the conservative Muslim kingdom, the interior ministry said. The five were executed in the southwestern town Jizan, it said, quoted by state news agency SPA, bringing the number of executions in Saudi Arabia this year to 46, according to an AFP ...
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Barclays Bank Egypt FY2012 profit after tax up 301
- Barclays Bank Egypt announced its financial results for the year ended 31 December 2012 where profit after tax grew to reach EGP 368m, 301% ahead of same period in 2011. Despite the challenging economic and political situation, profits increased, driven by robust performance across all lines and segments. "The largest contributor to our improved profitability is growth of 31% on net ...
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Arab Islamic Summit Calls on Hans Hassle for Vertical Urban Agriculture Solution for the MENA Region at Dushanbe May 20th 2013
May 21, 2013 /CNW/ - Plantagon International AB - the Swedish vertical agriculture innovation company headed by Hans Hassle speaks at the technical forum jointly organized by The International Center for Biosaline Agriculture (ICBA) and the Islamic Development Bank (IDB) on "Innovations for Agriculture and Food Security" that will be held ...
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Egypts anti-Morsi rebels gather millions of signatures
An Egyptian activist covers her face with the petition for "Tamarod," Arabic for "rebel," a campaign calling for 15 million signatures expressing "no confidence" in Egyptian President Mohammed Morsi and calling for early presidential elections, during a protest in Tahrir Square in Cairo on May ...
Lebanon Explored
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Lebanon on the up despite uncertainty over future conflicts
Lebanon has seen strong economic growth since the 2006 war between Israel and Lebanon and the tourism sector, along with construction is experiencing strong signs of confidence from investors. If all goes well, the country may be able to shake off perceptions in the international community of a war-torn and politically unstable country.
The war in 2006 between Hezbollah and Israel had a severe impact on Lebanon. Tourism in 2006 plummeted as international holidaymakers shied away from a country seen as unstable, plagued by an internal lack of security and on the verge of another war, as Israel warned of future military action if the government did not do more to disarm Hezbollah. While some progress has been made in this regard, the greater achievement is the country’s resurgence in the areas of investment, construction and tourism even as the global economy quivers at the edge of a possible second downturn in Europe. Read more
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