March, 2016

• 17 March

  Egypt’s Sisi tells West to keep out of Libya

  Rome / AFP Egyptian President Abdel Fattah El Sisi has warned Western powers Libya could spiral out of control if they try to intervene militarily in the conflict-wracked North African state. Speaking in a rare interview, the military-backed ruler of one of the region’s biggest powers said the West and its allies should instead concentrate on strengthening the army of ...

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• 17 March

  German institutions in Turkey closed for security reasons

  Ankara / AFP German diplomatic missions and a school in Turkey were closed on Thursday for security reasons, the German consulate in Istanbul said, less than a week after a suicide car bomb attack in the capital. The measure concerns the German embassy in Ankara as well as the consulate and German school in Istanbul, it said on its website. ...

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• 17 March

  UK lawmakers warn Obama not to intervene in EU debate

  LONDON / AP A handful of UK lawmakers have warned US President Barack Obama not to intervene in the debate about whether Britain should remain in the European Union. In an open letter on Thursday, five lawmakers and Nigel Farage, leader of the anti-EU UKIP party, argue that interfering in the debate would mark an “unfortunate milestone” in Obama’s presidency. ...

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• 17 March

  Obama moves with sanctions on N Korea

  

  Washington / AFP US President Barack Obama signed an order implementing UN-backed sanctions on North Korea after a nuclear test and missile launch this year, as Pyongyang promised reprisals. The White House said Obama had signed an executive order targeting the volatile hermit state’s energy, financial and shipping assets. The measures were agreed to at the United Nations in response ...

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• 17 March

  Radical Kurdish group close to PKK claims Ankara attack

  

  Ankara / AFP A radical Kurdish group with ties to the outlawed Kurdistan Workers’ Party on Thursday claimed responsibility for the suicide car bomb attack that killed 35 people in Ankara last weekend. The claim by the Kurdistan Freedom Falcons (TAK) came as Germany closed diplomatic missions and a school in Turkey Thursday over security concerns. In a statement on ...

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• 17 March

  Mozambique unrest turns key highway into ‘ghost road’

  

  Maputo / AFP Mozambique’s arterial north-south highway has earned the moniker of a “ghost road” with former rebels staging regular raids ahead of a threatened power grab in the country’s centre this month. “We registered eight attacks by Renamo gunmen last week, which caused a total of three deaths—including a three-year-old—and 23 injured,” police spokesman Inacio Dina told a news ...

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• 17 March

  Dollar falls as commodities, emerging markets jump

  

  BLOOMBERG The dollar sank to a five-month low, commodities gained with emerging markets, and government bonds advanced as central banks from the U.S. to Norway indicated a willingness to keep monetary policy accommodative. Developed-market stocks sank on concern that the stimulus is failing to boost growth and corporate earnings. The Bloomberg Dollar Spot Index fell a second day after the ...

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• 17 March

  Emirates Securities Market Report up by 2.02 percent

  

  ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 2.02% to close at 4533.55 points. Accordingly the Market Capitalization has gained AED 14.58 billion attaining AED 735.4 billion. A total of 0.9 Billion Shares were traded with a total value of AED 1.87 billion during the trading session of 17-03-2016 through 11470 transactions. The number of companies which ...

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• 17 March

  Fed keeps rate unchanged as it feels global slump impact

  

  Washington / AFP The Federal Reserve has cut its outlook for the US economy and kept its interest rate policy unchanged, citing the impact of the global slowdown and turmoil in world markets. Giving a picture of the US economy less bullish than many had expected, the Fed still forecast continuing hikes to the federal funds rate this year, but ...

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• 17 March

  Banker in $81mn heist followed orders, says lawyer

  

  MANILA / Bloomberg The Philippine bank manager who approved fund transfers at the center of an $81 million cyber heist will tell lawmakers in a closed hearing on Thursday that she was following orders from high-level officials at Rizal Commercial Banking Corp., her lawyer said. Maia Santos Deguito has e-mails, mobile-phone messages and other evidence showing that she was acting ...

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