Mogadishu / AFP A breakaway group of around 50 Somali militants who declared loyalty to the IS extremists abandoned a small port town on Thursday a day after occupying it, residents and an official said. “The militants left town early this morning but they are not far away,” said Abdiweli Adan, an elder in a town close to Qandala ...
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India expels Pakistani visa official for ‘espionage’
New Delhi /Â AFP India announced on Thursday it was expelling a Pakistani visa official for suspected spying after he was briefly detained carrying sensitive defence documents, with tensions between the nuclear-armed neighbours already running high. New Delhi police said the official had been recruiting Indian nationals for two and a half years to spy for Pakistan’s powerful Inter-Services Intelligence ...
Read More »EU trains Libyan coast guard to curb migrant flow
Brussels /Â AFP The European Union begun training the Libyan coast guard as part of efforts to curb the growing influx of irregular migrants from North Africa, EU foreign affairs head Federica Mogherini said on Thursday. “Today we are starting the training of the Libyan coast guard in Operation Sophia which is a very important step,” Mogherini said as she ...
Read More »British pound wins GDP boost but European equities sag
London / AFP The British pound rallied briefly on Thursday on brighter-than-expected economic growth data, while European stock markets sagged amid a dearth of eurozone news. Sterling bounced after official data showed that Britain’s economy grew by a better-than-expected 0.5 percent in the three months following the country’s refere- ndum in favour of exiting the European Union. The currency ...
Read More »Banks boost Gulf markets despite weak global environment
DUBAI / Reuters Banking shares that had been beaten down earlier this month by fears of slowing global economic growth headed for a seventh day of gains on Thursday, boosting Gulf stock markets despite weakness in Asian bourses and oil prices. The Saudi bank sector has been strong since last week’s big international bond sale by the government partially eased ...
Read More »US stocks flat; Qualcomm jumps on $47 bn takeover of NXP
New York / AFP US stocks were flat early on Thursday despite mostly solid earnings reports, including from Tesla Motors and Twitter, as well as Qualcomm’s $47 billion takeover of Dutch rival NXP Semiconductors. Tesla jumped 5.4 percent after it announced a surprise third quarter profit of $22 million as it touted new product launches and store openings. Twitter ...
Read More »BlackBerry’s new ‘smart’ member
EMIRATES BUSINESS BlackBerry Limited (NASDAQ: BBRY; TSX: BB), a global software leader in securing, connecting and mobilizing enterprises, recently announced the latest in its series of most secure Android smartphones, DTEK60. As part of BlackBerry’s transition towards a device software licensing strategy – which allows it to focus on putting “the smart in the phone†— the DTEK60’s hardware ...
Read More »Let your wrists ‘shine’
Emirates Business The new shine collection by Swiss watchmaker RAYMOND WEIL is dressing up in different colours. Feminine, elegant and sensual, this model is the perfect timepiece to complement the demands of a modern lifestyle thanks to its unique patented system enabling the strap to be changed in seconds to match the colour of any outfit. The shine ladies ...
Read More »Abu Dhabi’s non-oil trade soars to AED84bn in H1
ABU DHABI / WAM Abu Dhabi’s non-oil foreign trade through various customs ports was AED84.349 billion, registering an increase of AED59 million compared to the same period last year, according to the General Administration of Customs Abu Dhabi. The value of imports reached AED57.363 billion and exports reached AED17.305 billion, representing a 2.9 percent increase compared to the same ...
Read More »UAE opens power station in Abyan, Yemen
ABYAN/ WAM The first phase of Ju’ar power station in Abyan Governorate, Yemen, has been inaugurated by the UAE as part of its massive humanitarian, relief and development initiative to alleviate the suffering of the people of Yemen. Abyan had been experiencing power outage for more than a year and half as a result of the destruction of the ...
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