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Fierce gunbattle in Indian Kashmir kills 3 combatants

  SRINAGAR / AP Anti-India protests erupted in Indian-controlled Kashmir following a fierce gunbattle in which two rebels and a counterinsurgency policeman were killed, police said Sunday. Government forces, acting on a tip, encircled a civilian home in the southern Tral area overnight, said police chief S.P. Vaid. He said fighting erupted after militants hurled grenades and fired automatic rifles ...

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Wave of IS car bombs targets Iraqi troops in west Mosul

  BAGHDAD / AP Iraqi troops encountered the “heaviest” clashes yet with IS group fighters Sunday in western Mosul since the start of the new push more than two weeks ago, according to a senior commander. Maj. Gen. Haider al-Maturi of the Federal Police Commandos Division told The Associated Press that IS militants dispatched at least six suicide car bombs, ...

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Most of Gulf falls, Egypt buoyed by gradual stamp duty plan

  DUBAI / Reuters Most Gulf bourses fell in light trade on Sunday, with Dubai’s index dropping below technical support while Egypt continued to firm on the news that authorities would tax stock market transactions only gradually. Saudi Arabia’s index lost 0.7 percent, with about 70 percent of stocks dropping. Most petrochemicals shares fell, including a 1.8 percent decline for ...

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China bulls set to get more ways to bet on nation’s rising stock market

  Bloomberg China’s top underwriter of convertible bonds said there is “substantial” scope for sales to grow this year as regulators curb secondary share offerings, providing investors with more options for betting on the nation’s rising equity market. China International Capital Corp., which has arranged $7.7 billion of convertible notes onshore and offshore in the past seven years, said issuance ...

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DAFZA achieves 16% net profit growth in 2016

  Dubai / Emirates Business The Dubai Airport Freezone Authority (DAFZA) performed strongly in 2016, achieving 16 percent net profit growth and posting a 2 percent growth in its total revenue and a 28 percent increase in its total assets and a 3% rise in Earnings Before Interest and Depreciation (EBID). According to official reports, the total leasable area of ...

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ENOC boosts fuelling efficiency at Jebel Ali Port

  Dubai / Emirates Business Emirates National Oil Company (ENOC) introduced its RFID-based technology to fuel DP World’s fleet of vehicles. The new system will also help DP World in monitoring diesel fuel consumption, which not only increases operational efficiency but also manages scheduled vehicle maintenance. The RFID based technology installed by ENOC completely replaces the fuel management system previously ...

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MBRF to extend Nobel Museum 2017 until May 4

  Dubai / Emirates Business The Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF) announced its intentions to extend the Nobel Museum until May 4, following directives from His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of the Foundation. MBRF is organising the Museum for the third consecutive year. This year’s edition bears the theme “The Nobel ...

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Yamaha GP 1800 hogs limelight at Dubai Int’l Boat Show

  Dubai / Emirates Business Al Yousuf Motors LLC, the authorized and exclusive dealers of Yamaha products ranging from motorcycles to boats to personal water crafts, showcased its wide array of waverunners, speed boats, and water vehicles at the 25th Dubai International Boat Show at Dubai International Marine Club in Mina Seyahi. One of the key highlights of the adventure ...

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Dubai Tourism to enhance emirate’s desert experiences

  Dubai / Emirates Business Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) announced updates to the Desert Tour & Camp regulations first introduced in May 2016. The revisions are intended to further enhance the emirate’s popular desert experiences, elevating the sector’s standards and bolstering Dubai’s reputation as an adventure hub with a distinct and diverse offering. Dubai Tourism ...

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White House: Congress must probe Obama ‘power abuse’

  PALM BEACH / AP The White House demanded on Sunday that Congress investigate whether former President Barack Obama abused his executive powers in connection with the 2016 presidential election. President Donald Trump leveled that claim on Saturday when he accused his predecessor of tapping telephones at Trump Tower. But Trump offered no supporting evidence, a spokesman for Obama denied ...

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