CAIRO: An airport policeman stands accused of stealing an iPhone from the box where passengers put their belongings for scanning at Dubai airport, the Dubai Criminal Court heard. Additionally, he is also accused of altering a “lost and found” document. On February 19, the officer was on duty near a scanning machine at the airport. [...]
CAIRO: Gulf bourses ended their weekly sessions in mixed zone, as investors await for earnings results, to book recent gains. Dubai ‘s benchmark fell 0.5 percent to close at 1652 points, as lots of investors are waiting for bellwether Emaar Properties to post first quarter earnings, expected on Sunday. Capita’s Abu Dhabi’ benchmark declined 0.2 [...]
CAIRO: Dubai has successfully finished issuing a dual-tranche Islamic bond of $1.25 billion, which will provide enough funds to its budget’s deficit, and refinancing plan, according to a governmental officer statements on Thursday. Dubai priced on Wednesday a $600 million 5-year tranche at 4.9 percent and a $650 million 10-year tranche at 6.45 percent and [...]
CAIRO: Abu Dhabi benchmark has ended its daily session on Wednesday surging, as heavyweight banks end higher, after posting estimate-beating earnings, lifting the emirate’s bourse ADMSI, capital’s main index, gained 0.28 percent or 7.10points to close at 2512 points, up for third session since Sunday’s nine-week low. National Bank of Abu Dhabi climbs 0.9 percent. [...]
CAIRO: Dubai’s government is currently planning to issue a dual-tranche Islamic bond imminently, which is expected to attract healthy investor demand; this, as the Gulf Arab emirate puts its 2009 debt debacle behind it. Dubai last tapped debt markets in 2011 when it issued a $500 million, 10-year bond with a five-year put option, giving [...]
CAIRO: Emirati giant mobile operator, Etisalat, reported a net profit of 1.81 billion dirhams or $493 million in 1st Q of 2012: profits that beat estimates of analysts, who forecast smaller figures for 1st Q. For the Abu Dhabi-based company, 60 percent owned by the government, and which operates in 17 countries across the Middle [...]
CAIRO: Dubai’s benchmark index ended its daily session on Thursday slipping to a six-week closing low. Other Gulf equities also fell, as investors cut positions ahead of the earnings of the 1st Quarter in the weekend. A fifth straight decline has taken the index to its lowest level since March 3, dipping about 0.3 percent [...]
CAIRO: An Emirates national is on trial in Abu Dhabi for insulting Islam on his Facebook page. A psychiatric report has stated he is suffering from mental health issues, according to reports in the Arabic language quotidian, Emirate Al Youm. During trial on Tuesday, the judge was shown anti-Islam drawings and writings by the [...]
DUBAI: Dubai Press Club, organizers of the Arab Media Forum, announced on Tuesday the details of two key sessions that will take centre-stage during the 11th edition of the event. Hosted on day-two of the forum, the sessions will examine the role of religious discourses that are aired on Arab media outlets, and the increasing [...]
NEW DELHI: In a move that could go a long way in having a strong ally in the Arabian gulf, Foreign Affairs Minister SM Krishna began a three day visit to the conglomerate of Gulf states with an eye on tourism promotion, avoidance of double taxation and consular issues. Besides these bilateral subjects, India and [...]
CAIRO: In “Aesthetics of Silence” (1967) Susan Sontag writes: “Every era has to re-invent the project of “spirituality” for itself. (Spirituality = plans, terminologies, ideas of deportment, aimed at resolving the painful structural conditions inherent in human situations, at the completion of human consciousness, at transcendence.) In the modern era, one of the most active [...]
CAIRO: Dubai police arrested an African witch who tried to sell medical herbs to an undercover policemen, newspapers said on Thursday. The woman, who had eluded a previous court jail and deportation sentence, had already extorted large sums of money from many persons after misleading them into believing she could heal their illness by a [...]
CAIRO: The wealth of 36 Arab billionaires increased by $3.7 billion to $121.3 billion last year as compared to $117.6 billion in the previous year with Saudi prince Alwaleed Bin Talal Alsaud retaining the top position with a fortune of $18 billion despite a drop in wealth. After prince Alwaleed, Lebanese-Brazilian billionaire Joseph Safra is [...]
CAIRO: Static center of Abu Dhabi “SCAD” has released its monthly report, which stated that non-oil merchandise trade through the ports of Abu Dhabi rose to Dh14.07 billion in January. According to the report, oil imports amounted to Dh11.67 billion (83.0 % of total) while non-oil exports stood at Dh1.33 billion (9.4% of total) and [...]
CAIRO: Ukrainian Consulate in Dubai opened its doors today for business. The Ukrainian Consul General to Dubai Petro Holoveshko, who assumed the charge at the consulate, said that the opening of the new diplomatic mission is an important step towards developing relations between UAE and Ukraine in all spheres. According to him it will be [...]
CAIRO: A multi-billion inter-UAE rail network project will link the country’s two main emirates of Dubai and Abu Dhabi in 2016 before it is extended to other parts in 2018, the Arabic language daily Alittihad reported. Etihad Rail, which is carrying out one of the largest train projects in the Middle East, said it would [...]
CAIRO: The UAE leads Gulf nations in divorce rates even as officials confirm an increase in percentage of family disputes registered in courts. Interestingly, experts blame addiction to television programs as one of the reasons to increasing family disputes in the Emirates. A Turkish soap opera, which has caught the fancy of housewives in Ras [...]
CAIRO: UAE’s Minister of Environment and Water, Dr. Rashid Ahmad bin Fahad, issued a ministerial ordinance temporarily banning the import of animals with cloven hooves from Egypt. The ordinance also included the ban of meat and related products made from these animals. The temporary ban will stay in force until a final verification is made [...]
CAIRO: An Afghan man who had eluded Dubai’s police and dealers for more than a year was finally trapped and arrested after stealing saffron from local shops worth nearly Dhfour million, according to Emirate Al Youm, an Arabic language daily. The man, identified as AK, had disguised as a porter to carry out the midday [...]
Dubai’s benchmark index finished Tuesday’s session at its highest level in four weeks, as Dubai builder Arbatec surged 15 percent after Abu Dhabi fund Aabar Investments nearly doubled its stake in the firm to 10.45 percent, according to a press release from the Dubai Market. Shares in Arabtec jumped 15 percent to finish at their [...]
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