DUBAI / Emirates Business In line with its move to become a leading global company, Emirates Auction (EA) has revealed the launch of its first subsidiary company in Egypt, ‘Misr Auction’. The move falls in line with the company’s expansion strategy, which aims to tap into newer regional and international markets with enormous growth opportunities and promising investment prospects, in ...

ABU DHABI / Emirates Business Al Forsan Real Estate; the property arm of Al Forsan Holding, stated that Al Forsan Village will launch the ‘Lease to own’ concept during Cityscape Abu Dhabi 2016. The group will be unveiling a portfolio of health focused luxury mixed-use developments at the Cityscape exhibition at Abu Dhabi National Exhibition Centre at stand ‘AA10’ from ...

Iraq / AP Fighting between Iraqi forces and militants affiliated with the IS group close to Mosul, Iraq’s second largest city, has displaced over 2,000 people in the past week. On one recent night, around a hundred people arrived on the outskirts of the town of Makhmour, in Iraq’s semi-autonomous northern Kurdish region, having fled violence. The journey ended in ...

India / AFP A special court in India has sentenced 47 policemen to life in prison for killing a group of Sikh pilgrims in 1991 whom they had claimed were militants, a prosecutor said on Tuesday. The officers were convicted of shooting dead the pilgrims to try and earn promotions in Uttar Pradesh state which at the time was hit ...

Ankara / AFP German Chancellor Angela Merkel will next week inaugurate a new centre for Syrian refugees in the southeastern Turkish city of Kilis built with EU funds, Turkey’s prime minister said on Tuesday. “We are going to inaugurate a school and a hospital built in Kilis thanks to EU financing with European leaders led by Mrs Merkel,” said Turkish ...

Kabul / AFP Global military spending has begun rising in real terms for the first time since the US began its withdrawal of troops from wars in Iraq and Afghanistan, according to the Stockholm International Peace Research Institute. Defense budgets rose 1 percent to $1.68 trillion in 2015, making up about 2.3 percent of the world’s gross domestic product, Sipri ...

Turkey / AFP Turkey is to receive around 200 more migrants from Greece on Wednesday under a controversial deal with the EU after taking in a similar number at the start of this week, a Turkish official said. The new wave of around 200 migrants would be shipped from the Greek island of Lesbos into the Turkish harbour town of ...

Turkey / afp Residents of Tripoli have started to breathe a little easier since the head of a new unity government came to town promising a way out of Libya’s political and economic crises. Prime minister-designate Fayez Al Sarraj’s arrival last Wednesday came at a time of sandstorms combined with fears of clashes between rival armed groups that have failed ...

Trumpanomics doesn’t compute. The media keep piling on Donald Trump, because he keeps saying things that are controversial, impractical, undesirable and — in some cases — simply impossible. Into this last category has now tumbled something new: Trump told Washington Post reporters Robert Costa and Bob Woodward that he could eliminate the $19 trillion federal debt over “a period of ...

Economists have once again sounded an alarm in a study that trillions of dollars worth of financial assets may be under threat from global warming by 2100, if no appropriate measures are taken to mitigate its impact. The World Economic Forum had also cautioned in January that climate change could be the biggest potential threat to the global economy in ...