Aden / AFP Twin bombings claimed by the IS group hit Yemeni forces in Aden on Monday, killing at least 41 people in the latest of a spate of attacks in the southern city. The attacks in Aden—which is serving as the temporary government headquarters after rebels forced authorities from the capital—follow a major military operation against extremists in ...
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Dubai Courts reflects growth
Dubai / Emirates Business Dubai Courts has launched its Annual Report 2015, reflecting a significant improvement in the performance of the three courts; namely, First Instance, Appeal and Court of Cassation and a remarkable progress in Dubai Government’s Unified Customer Complaints’ Portal, smart transformation, and Emiratization. It also achieved the targets of its Operational Plan 2015 which aimed to ...
Read More »UAE proactive towards cyber threat
RITIKA SHARMA / Emirates Business Middle East, especially the UAE, is leading the world in the use of managed security services (or MSS) to protect networks from cyber threats. As the technology further evolves, IT companies in the country are taking a step further in their cyber security and embracing proactive threat-hunting, in which cyber defenders seek to stop ...
Read More »India plans to turn Iran port into trade hub
Tehran / AFP India is to open a $500-million line of credit to develop Iran’s Chabahar port into a regional trading hub, visiting Indian Prime Minister Narendra Modi said on Monday in Tehran. “The bilateral agreement to develop the Chabahar port and related infrastructure, and availability of about $500 million from India for this purpose, is an important milestone,” ...
Read More »Tsipras survives austerity vote, set to get loan tranche
Bloomberg Greek lawmakers have approved additional austerity measures required to unlock more emergency loans from the euro area, ahead of a meeting of finance ministers that will assess the country’s compliance with its bailout program and determine the scope for debt relief. Prime Minister Alexis Tsipras secured backing for a series of measures ranging from the taxation of clothing ...
Read More »Brexit would cause yearlong recession, says UK Treasury
Bloomberg The U.K. faces a yearlong recession if it leaves the European Union, according to a Treasury forecast issued as the government tries to persuade undecided voters that the risks of a so-called Brexit are too great. The Treasury’s assessment of the short-term impacts of a vote to quit the bloc, to be published Monday morning, offers two possibilities. ...
Read More »Sanders faces-off with White House on Puerto Rican aid
Los Angeles / AP Democratic presidential candidate Bernie Sanders is breaking with the Obama administration and House lawmakers over a plan to restructure Puerto Rico’s $70 billion in debt, saying the legislation would make “a terrible situation even worse.†The Vermont senator writes in a letter released on Monday said that the deal reached last week between the White House ...
Read More »Obama confident TPP deal can be ratified in US
Hanoi, Vietnam / AFP President Barack Obama said on Monday he remained confident the Trans-Pacific Partnership (TPP) trade deal would be ratified in the United States despite strong political opposition in Washington. “The reason I remain confident is it’s the right thing to do,†he told reporters in Vietnam where he is currently on a three-day visit. “I have not ...
Read More »DED launches knowledge exchange platform
Dubai / WAM The Department of Economic Development (DED) in Dubai launched on Sunday ‘DEDTalks’, a knowledge exchange platform for thought leaders and decision-makers from the public and private sectors to meet regularly and share experiences, ideas, analyses and best practices relating to the economy and doing business. DEDTalks is the latest initiative from DED for continued engagement with the ...
Read More »ADFD, Seychelles to enhance coop in energy, water sectors
ABU DHABI / WAM The Abu Dhabi Fund for Development (ADFD) Abu Dhabi’s international development body, on Sunday announced the launch of a brand new innovative training and support programme in electricity and water management, in partnership with the Federal Electricity and Water Authority (FEWA) for the rapidly expanding Seychelles energy and infrastructure sectors. The programme will provide a ...
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