Athens / AFP Some 6,500 people were stuck at the Idomeni camp on Greece’s northern border with Macedonia after four Balkan countries announced a daily cap on migrant arrivals. The build-up began in earnest last week after Macedonia started refusing entry to Afghans and imposed stricter document controls on Syrians and Iraqis, slowing the passage of migrants and refugees to ...
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Blame game tests Syria truce
Damascus / AFP Key players in Syria’s war traded accusations on Sunday over violations of the first major ceasefire in the five-year conflict, but the truce remained largely intact on its second day. Aid groups hope to use the lull in fighting that has claimed 270,000 lives and displaced more than half the population to deliver desperately needed supplies. A ...
Read More »Cartier Awards churns out women leaders
ALKESH SHARMA / Emirates Business Female entrepreneurs considerably identify importance of business networks to build contacts, gain resources and reduce isolation prior to business plan validation while 5,200 new jobs have been created by the women-led businesses the Cartier Women’s Initiative Awards have supported in the last few years. These morale-boosting findings were put on table by the Abu Dhabi-based ...
Read More »IFFA, Texcare to showcase global trends
Sunaina Rana / emirates business IFFA 2016 — the leading international trade fair organised by Messe Frankfurt and Texcare International in Dubai — expects a solid representation from Middle East trade buyers and decision makers. The event will focus on the meat processing and textile industries. IFFA is a premier platform for the entities of the meat sector to share ...
Read More »Foxconn, Sharp to remove hurdles for US$6bn deal
Taipei / Bloomberg Taiwan’s Foxconn Technology Group and Sharp Corp. worked through the weekend to salvage their proposed $6 billion deal with one potential outcome being a revision to terms the Japanese’s board approved just last week, according to people familiar with the matter. Bankers and lawyers are going through a list of Sharp liabilities that could exceed 300 billion ...
Read More »PPP to pick up in Saudi Arabia
JEDDAH / Emirates Business Arqaam Capital, the specialist emerging markets Investment Bank, said in a strategy note issued ahead of Jeddah Economic Forum to be held on March 1-3 that Saudi Arabia’s plans to implement wide-ranging institutional changes to put its fiscal policy on a sustainable footing would give an unprecedented impetus to public-privatepartnerships’(PPPs) in the country. History suggests that ...
Read More »Emirati martyr’s body arrives home
Abu Dhabi / WAM The General Command of the UAE Armed Forces on Saturday announced the martyrdom of the serviceman Mohammed Rashid Ali Al Danakhani when the military vehicle he was travelling in overturned Al Danakhani was martyred while participating in the Saudi-led Arab coalition’s ‘Operation Restoring Hope’ in Yemen. The body of martyred serviceman arrived in a UAE Air ...
Read More »Syria’s partial truce starts with success still uncertain
Beirut / AP The deadline for a partial Syrian ceasefire negotiated by Russia and the US passed amid uncertainty over whether it would take hold and how to judge its success. The “cessation of hostilities†went into effect at 12:01 a.m Saturday local time, but Syrian regime forces continued to shell rebel areas in the Damascus suburb of Al Marj ...
Read More »Malaysia ruling party suspends deputy as Najib cements hold
Bloomberg Malaysia’s ruling party suspended its second-in-command Muhyiddin Yassin for undermining the organization in his quest to oust Prime Minister Najib Razak, the latest indication of the premier strengthening his grip on power after months of political turmoil. Muhyiddin’s suspension as deputy president of the United Malays National Organisation will be in effect until the next party elections, Secretary-General Tengku ...
Read More »Obama laments Congressional inaction on ‘weekly’ shootings
Bloomberg A mass shooting on Thursday at a Hesston, Kansas, factory was overshadowed by coverage of the 2016 presidential campaign, even at the largest news organization in the region, and President Barack Obama isn’t OK with that. “Once a week, we have these shootings and it doesn’t dominate the news,†Obama said , without singling out the Kansas City Star’s ...
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