Bloomberg A rally in emerging-market assets ran out of steam after a Federal Reserve official said markets are underestimating the likelihood of a U.S. rate increase this year. The MSCI Emerging Markets Index surrendered a ninth day of gains after New York Fed President William Dudley said borrowing costs could go up as soon as next month. The currency gauge ...

  Dubai / Emirates Business The Dubai Future Accelerators (DFA) programme received an unprecedented number of submissions for the first cycle of its programme, which begins September 12. Over 2,200 companies from 73 countries, on all 7 continents, applied to be a part of the first cycle of the program; including one submission from scientists in Antarctica! Applications poured in ...

  Dubai / Emirates Business HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), visited the Mohammed bin Rashid Solar Park (MBRSP), in Seih Al-Dahal, Dubai. The Park’s ongoing projects support the Dubai Clean Energy Strategy 2050, launched by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE ...

  Dubai / WAM The Dubai Health Authority (DHA) formed a Corporate Excellence Council to ensure provision of high quality health services and continuous innovation and development in the medical field in Dubai. The council is chaired by Humaid Al Qatami, Chairman of the Board and Director-General of the DHA. It will focus on a number of pertinent initiatives such as ...

  Dubai / Emirates Business wasl properties, the leading real estate management company, a subsidiary of wasl Asset Management Group, have announced that all of its Dubai customer service centres have become ‘Customer Happiness Centres’. The new initiative is in line with the vision of HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE ...

  Moscow / AFP Russian warplanes on Tuesday flew a bombing run from an Iranian airstrip against extremist groups in war-torn Syria, the defence ministry said — the first time Moscow has reported using an Iranian air base. The raids mark the first time that Russia has publicly stated that it has used a base in a Middle East country ...

  Sirte / AFP Libyan pro-government forces went back on the offensive on Tuesday against last pockets of resistance by fighters of the IS extremist group in the coastal city of Sirte. Backed by tanks and mortar fire, pro-government forces advanced inside “District Two” of central Sirte, an AFP photographer reported, after a day of clearing and demining areas of ...

  Srinagar / Agencies Security forces shot dead five people and wounded another 20 during protests in Kashmir on Tuesday, according to witnesses and security sources. Four people were killed in Aripanthan village after residents took to the streets to protest what they said were aggressive tactics by members of the security forces during an overnight patrol designed to enforce ...

  UNITED NATIONS / AP Secretary-General Ban Ki-moon says he would personally like to see a woman lead the United Nations for the first time since it was established more than 70 years ago. As he nears the end of his second five-year term on Dec. 31, Ban said that “it’s high time now” for a female secretary-general after eight ...

  Baton Rouge / AFP Louisiana faced epic flooding, with seven people killed and thousands evacuated to emergency shelters after waterways in the southern part of the state overflowed their banks. Some areas have received more than 20 inches (50 centimeters) of rain since late Thursday, submerging vast swaths of southern Louisiana in muddy waters. “Our state is currently experiencing ...