March, 2016

• 8 March

  Expanding horizons of Arab cinema

  

  Brussels / Bloomberg With some 50,000 movies made every year across the world, how can Arab filmmakers find their footing in the international market? This was one of the key topics discussed at the second edition of Qumra, the annual industry event by the Doha Film Institute designed to nurture talents of emerging filmmakers. Through a series of one-on-one meetings, ...

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• 8 March

  Trump, Clinton favoured in latest US primary contests

  

  Washington / AFP Voters in four US states headed to the polls on Tuesday to confirm or rein in Donald Trump’s status as clear Republican frontrunner in primary contests that Democrat Hillary Clinton hopes will further solidify her lead over Bernie Sanders. As the race for the White House heats up, the spotlight shifts to Michigan and Mississippi, where both ...

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• 8 March

  Netanyahu’s office denies USA surprised at cancelled DC trip

  

  JERUSALEM / AP Israel on Tuesday refuted a White House claim that Prime Minister Benjamin Netanyahu “surprised” the Obama administration by cancelling a planned visit to Washington, saying that the White House knew Netanyahu was considering not coming. Netanyahu had been expected to visit later in March on a trip coinciding with a major pro-Israel group’s annual summit, but his ...

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• 8 March

  US general: Air Force to keep flying over South China Sea

  

  CANBERRA/ AP The US Air Force will continue to fly daily missions over the South China Sea despite a buildup of Chinese surface-to-air missiles and fighter jets in the contested region, with both nations’ militaries in discussions to avoid any miscalculations, a top US general said on Tuesday. Gen. Lori Robinson, the commander of the Pacific Air Forces, also urged ...

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• 8 March

  Iran conducts new missile tests defying US sanctions

  

  Tehran / AFP Iran conducted multiple ballistic missile tests on Tuesday in an exercise to demonstrate “deterrent power,” a move that comes in defiance of US sanctions imposed over its missile programme in January. The announcement by the official IRNA said the tests showed the country’s “all-out readiness to confront threats” against its territorial integrity. State television a short time ...

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• 8 March

  MH370 flight disappearance still a mystery two years on

  

  Kuala Lumpur / AFP Investigators probing what happened to flight MH370 said Tuesday the cause of the plane’s disappearance remained a mystery as the second anniversary passed with devastated next-of-kin still grasping for answers. The Malaysia-led international team of aviation experts set up to investigate issued an annual progress report but the brief statement had no new insights on what ...

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• 8 March

  China reality check halts stock rally as Japan leads bond gains

  

  BLOOMBERG Global stocks dropped as a slump in Chinese exports dragged metals lower and brought equities’ five-day winning streak to a halt. Japanese government bonds surged in a haven-asset rally that also lifted the yen, gold and Treasuries. The Stoxx Europe 600 Index extended its decline from a five-week high as investors sold equities that had led the recent rebound, ...

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• 8 March

  Emirates Securities Market Report up by 0.24 percent

  

  ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 0.24% to close at 4574.07 points. Accordingly the Market Capitalization has gained AED 1.75 billion attaining AED 741.97billion. A total of 0.94 Billion Shares were traded with a total value of AED 1.15 billion during the trading session of 08-03-2016 through 11363 transactions. The number of companies which has ...

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• 8 March

  HSBC going solo in China credit cards expansion plan

  

  BEIJING / Bloomberg HSBC Holdings Plc winning approval to start a credit-card business in China’s $1 trillion market offers Chief Executive Officer Stuart Gulliver added flexibility in his push into the nation’s retail banking and wealth-management industries. The approval from Chinese authorities came as HSBC ended a card venture with Bank of Communications Co., the bank’s Asia-Pacific head Peter Wong ...

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• 8 March

  FirstRand profit little changed as South African growth slows

  

  CAPE TOWN / Bloomberg FirstRand Ltd., Africa’s biggest bank by value, said first-half profit was little changed after South Africa’s economy slowed and non-performing loans increased. Net income rose to 10.48 billion rand ($683 million) in the six months ended December 31 from 10.3 billion rand a year earlier, the Johannesburg-based company said in a statement on Tuesday. Earnings per share ...

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