News

  Sharjah / Emirates Business Sharjah-based humanitarian project The Big Heart Foundation (TBHF) has teamed up with the United Nations World Food Programme (WFP) to meet the vital food needs of 17,000 of the poorest non-refugees in the Gaza Strip for one month. Through this partnership TBHF will help WFP transfer funds in the form of food electronic cards to ...

  Abu Dhabi / Emirates Business Emirates Motor Company (EMC), the Mercedes-Benz authorized distributor in the emirate of Abu Dhabi and the flagship company of Al Fahim Group, has announced that customers who have purchased any AMG after June 1 will receive vouchers to participate in three different AMG experiences at Yas Marina Circuit until December: the Mercedes-AMG GT Experience, ...

  Riyadh / TNS In the context of the drop in oil prices, which has caused a level of disruption and re-prioritization of development agendas in Saudi Arabia and across the GCC, there is a move on the part of regional governments to look at new models for national revenue through economic diversification planning. On its part, Saudi Arabia has ...

  Jeddah / TNS The Ministry of Housing has launched Etmam e-portal to develop the real estate sector and facilitate its procedures. The e-portal is also aimed at creating an attractive opportunity to increase the volume of investments in the sector from within and outside the Kingdom in a manner that will accelerate the pace of work in housing projects. ...

  Bloomberg DNO ASA, the oil explorer focused on Iraq’s Kurdistan, offered to pay $300 million for regional peer Gulf Keystone Petroleum Ltd., which just completed a debt-restructuring deal with bondholders. DNO’s cash and share offer represents a 20 percent premium to the price of 1.09 cents at which Gulf Keystone proposed issuing shares to bondholders on July 14, the ...

  BENGHAZI / Reuters Libya’s U.N.-backed government has signed a deal with an armed brigade controlling the major Ras Lanuf and Es Sider oil ports to end a blockade and restart exports from the terminals shut down since December 2014. Reopening the ports would be a huge step for the North African state, which since the 2011 fall of Muammar ...

  Tribune News Service When the video Don’t Go To Iran first hit the internet this spring, the title made some Iranians fear it would be yet another effort to taint the country’s image. But it was quite the opposite. French filmmaker Benjamin Martinie said the video aimed to clear up misconceptions about Iran, by countering common stereotypes through clips ...

  Bloomberg The pound looks set to extend its decline next week, when traders and economists predict the Bank of England will cut interest rates for the first time in more than seven years. Sterling, which posted its third consecutive monthly drop against the dollar in July, has weakened versus all of its 31 major peers in the past three ...

  Bloomberg The dollar is set to fall 5 percent in the next few months, the Federal Reserve isn’t raising interest rates anytime soon and U.S. economic data is only going to get worse. That’s what Morgan Stanley chief global currency strategist Hans Redeker told clients in a note published Thursday, citing in-house indicators showing U.S. domestic demand is set ...

  Bloomberg Brazil’s real advanced on speculation that Finance Minister Henrique Meirelles will have more power over budget planning as the government seeks to control spending and restore confidence in Latin America’s largest economy. The real trimmed its monthly decline after a government aide who asked not to be named said that the office responsible for budget planning will be ...