Washington / AFP Hillary Clinton and Donald Trump exchanged jabs as they separately courted a massive crowd of pro-Israel lobbyists, putting their differing views on supporting the Jewish state front and center in their White House battle. Democrat Clinton positioned herself as an unwavering friend to Israel, while bashing her rival as prejudiced and insufficiently supportive of one of America’s ...
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Technology giants tag along with Obama into Cuba
Bloomberg President Barack Obama is in Cuba, and Silicon Valley is tagging along for the ride. Executives from several technology companies are traveling with the U.S. president on his goodwill tour or introducing new business initiatives focused on the island—or both. Among the companies joining the Cuba parade this week are Google parent Alphabet Inc., Airbnb Inc., PayPal Holdings Inc., ...
Read More »Arabtec to build 1,100 housing units for Emiratis worth AED1.7 billion
Abu Dhabi / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, has attended the signing of an agreement between the Follow-Up Committee of the Initiatives of the UAE President and Arabtec Holding to build 1,100 housing units for Emiratis in Fujairah’s Mohamed bin Zayed City at a total cost of AED1.712 ...
Read More »UAE, Somalia to boost coop in agriculture, transportation
ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday received the visiting President of Somalia, Hassan Sheikh Mohamoud, at Al Shati Palace. Sheikh Mohamed welcomed the Somali President and his accompanying delegation. The Abu Dhabi Crown Prince and President Mohamoud discussed ...
Read More »Dubai SME signs MoU with UD to support entrepreneurship
DUBAI / WAM Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, and University of Dubai (UD), have signed a memorandum of understanding (MoU) to jointly support innovation and entrepreneurship. A key element of the MoU is a joint programme called ‘Witness Innovation,’ sponsored by Citigroup ...
Read More »Vietnam’s economy at risk
Beijing / AP Vietnam risks being vulnerable to external shocks if it doesn’t push through reforms to strengthen its banking system and restructure state businesses, according to International Monetary Fund chief Christine Lagarde. The Southeast Asian nation isn’t in a position to withstand economic blows from tightening of monetary policies elsewhere, a deep and prolonged drop in commodity prices and ...
Read More »Brexit could cost UK 950,000 jobs by 2020, says CBI study
Bloomberg Leaving the European Union might cost the UK £100 billion ($145 billion) in lost economic output and 950,000 jobs by 2020, the Confederation of British Industry said as it stepped up its campaign against a so-called Brexit. An exit could, according to the study, meaning unemployment would be 2-3 percent higher by 2020 than if Britain remained in the ...
Read More »Investing in USA attractive as yield premium climbs: Fidelity
Bloomberg Fidelity Capital Markets said the difference between yields on Treasuries and other bonds makes investing in the U.S. attractive, as America’s premium approached the most in a decade. Treasuries due in 10 years or longer yielded more than 1.5 percentage points more than their counterparts around the world, based on Bank of America Merrill Lynch indexes. The premium was ...
Read More »Iraqi government, army wary of Iran-backed militias’ power
BAGHDAD / AP It was a tense confrontation between two forces supposed to be on the same side in Iraq. First, heavily armed police, led by the interior minister, waded into a Shiite militia base south of Baghdad and arrested its deputy commander, accused of organizing attacks on Sunni mosques. They loaded the man, Ali Reda, into an armored SUV. ...
Read More »UN slams Israel’s ‘lack of accountability’
Geneva / AFP The UN expert on human rights in the occupied Palestinian territories voiced scathing criticism of Israel on Monday, as he stepped down over what he said was a lack of access to areas he was meant to monitor. Makarim Wibisono, who took on the role of Special Rapporteur on the rights situation in the Palestinian territories in ...
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