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UAE envoy, Belarusian minister discuss coop

  MINSK / WAM Ahmed Mohammed Al Tenaiji, UAE Ambassador to Belarus, discussed with Alexander Yaroshenko, Deputy Minister of Economy of Belarus, the economic relations between the two countries and ways to strengthen them in all fields. The two sides stressed during the meeting, which was held at the headquarters of the Ministry of Economy in Minsk, the need to ...

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ADB sells $1.3bn bonds to spur climate financing

  MANILA / WAM The Asian Development Bank (ADB) raised $1.3 billion to help finance climate change mitigation and adaptation projects with the issue of dual-tranche 3-year and 10-year green bonds, following its inaugural green bond issue in 2015. “Scaling up climate financing is essential for the region to keep its commitments to the Paris Agreement, adopted at last year’s ...

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UAE congratulates Chadian president on Independence Day

  ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a cable to Idriss Deby, President of Chad, congratulating him on the occasion of his country’s Independence Day. Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, and His Highness Sheikh Mohamed bin ...

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Aleppo doctors implore USA for help

  Brussels / AFP Doctors in Syria’s Aleppo made a heart-wrenching plea on Thursday for the US to help civilians in the city, hit by fresh fighting despite a promised Russian aid window. A longtime ally of the regime in Damascus, Russia has provided air cover for pro-government forces for nearly a year, including in the escalating battle for Aleppo. ...

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Clashes as Afghan Taliban edge closer to Helmand capital

  Kandahar / AFP Fighting raged on Thursday in Helmand after Afghanistan rushed military reinforcements to beat back Taliban insurgents advancing on the besieged capital of the southern poppy-growing province, as officials downplayed fears the city could fall. Afghan forces fought back insurgents after they stormed Nawa district, just south of Lashkar Gah city, late on Wednesday, raising alarm that ...

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Is student debt ruining the recovery?

  Maybe the college student debt burden isn’t so crushing after all. That’s the surprising gist of a new study by economists at the president’s Council of Economic Advisers (CEA). It’s surprising because burgeoning student debt has become a new economic worry and a political “cause celebre.” It adds to the hurt of millennials, who already face a tough job ...

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Facebook wants to be Google and TV

  Facebook collects less than the 5 percent of the $500 billion spent on advertising each year. For Facebook to achieve the deepest, darkest dreams of Mark Zuckerberg, the company must become the first one that dominates both the kind of precision ads that built Google and the emotional ads that made TV the world’s dominant marketing force. Facebook has ...

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Wall Street debt party rolls on

  It has been a good few months for Wall Street debt traders. Credit-trading profits surged in the three months ended June 30. And based on recent market activity, fixed-income revenues are still coming in strong. Consider that US investment-grade and high-yield bond trading volumes have risen to record levels since the beginning of July compared with previous periods. The ...

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Arrest of aid workers in Gaza an Israeli gimmick

  Israel has deployed a new strategy to hamper aid works in Gaza. It has been levelling myriad accusations against international NGOs and aid workers to make Gazans’ life more miserable. Israel accused that one of United Nations Development Programme (UNDP) staff helped Hamas fighters in Gaza. Israel charged engineer Waheed Borsh with diverting aid to Hamas, particularly by using ...

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Air Arabia records net profit of AED245 million

  Sharjah / WAM Air Arabia (PJSC) on Thursday announced strong financial results for the first half of 2016 ending June 30, 2016, reporting a net profit of AED245 million for the first half of 2016 ending June 30, 2016, an increase of 3.5 percent compared to the AED237 million reported for the same period last year. The Middle East and ...

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