March, 2016

• 2 March

  1,700 civilians dead in Russia’s Syria campaign

  Beirut / AFP More than 1,700 civilians have been killed by Russian air strikes in Syria since Moscow’s air campaign began five months ago, a monitoring group said on Wednesday. “Since September 30, Russian air strikes have killed 4,408 people including 1,733 civilians,” the Britain-based Syrian Observatory for Human Rights said. The civilian toll included 429 children and 250 women. ...

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• 2 March

  GCC declares Lebanon’s Hezbollah a ‘terrorist’ group

  

  Riyadh / AFP Gulf nations on Wednesday declared Lebanon’s Hezbollah a “terrorist” group, in the latest regional move against the Shiite organisation fighting in support of Syria’s regime. The six-member Gulf Cooperation Council “decided to consider the militias (of Hezbollah) a terrorist organisation”, GCC Secretary General Abdullatif Al Zayani said in a statement. The GCC targeted Hezbollah because of “hostile ...

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• 2 March

  Militants attack Indian consulate in Afghanistan

  

  Jalalabad / AFP Gunfire and an explosion echoed on Wednesday as militants attacked India’s consulate in the eastern Afghan city of Jalalabad, killing three people in the latest in a string of assaults on Indian installations in the country. No group has so far claimed the brazen attack, which coincided with a NATO change-of-command ceremony that saw US army general ...

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• 2 March

  How not to analyze the state of Chinese outward FDI

  

  “The sky is falling! The sky is falling!” represents the new conventional wisdom for some journalists appraising the current state of outward foreign direct investment (OFDI) from the People’s Republic of China (PRC). Rejected in Mexico due to domestic party politics, whipsawed in Sri Lanka by changes in government, obstructed by protests in Myanmar, scuppered by the U.S. Committee on ...

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• 2 March

  Why Oz must go with Germany for future sub plan

  

  Australia is in the midst of evaluating its strategic partner for SEA1000, the Future Submarine Project. As Andrew Davies, director of the Australia Strategic Policy Institute, wrote, this is a “wonderful case study of defense acquisition” spanning “every aspect of defense decision-making from long-term strategic crystal ball gazing, including the possible impact of future technologies, through military strategy development and ...

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• 2 March

  Emirates Securities Market down by -0.61%

  

  ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -0.61% to close at 4367.17 points. Accordingly the Market Capitalization has lost AED 4.31 billion attaining AED 708.41 billion. A total of 2.16 billion shares were traded with a total value of AED 2.8 billion during the trading session of 02-03-2016 through 22489 transactions. The number of companies which ...

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• 2 March

  Global stocks rally as growth concerns fade

  

  Bloomberg A global equities rally gathered momentum in Asian trading and emerging-market currencies strengthened as economic data from the U.S. and Australia spurred risk-taking. Copper rose and gold fell. Benchmark share gauges jumped more than 3 percent in China, Hong Kong and Japan, while the Stoxx Europe 600 Index climbed for a fifth day. Australia’s dollar rose for a third ...

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• 2 March

  Paper and pulp, the green way

  

  Sunaina Rana / Emirates Business Paper from lime stone, low-grammage recycled paper and those made from sustainably sourced tree fiber — paper-producing biggies of the world are leaving no stones unturned to stay on the eco-friendly bandwagon. Over 300 exhibitors from 36 countries showcased the latest trends in the industry at the 6th edition of Paperworld Middle East 2016, which ...

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• 2 March

  63pc UAE credit card holders oblivious of interest rates

  

  ALKESH SHARMA / Emirates Business Credit cards could be alluring but at the same they could also land you in soup if not used wisely. UAE is known globally for the wide circulation of plastic money and penchant of its residents of using credit cards. A recent report stated over 50 percent of UAE residents prefers using credit card mechanism ...

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• 2 March

  What’s new at Abu Dhabi’s Global Aerospace Summit?

  

  RITIKA SHARMA / Emirates Business Cross-border partnerships, workforce localisation, inclusion of women in aerospace and future of unmanned aircraft systems — are a few topics to be discussed at the Global Aerospace Summit, which are bound to make it a unique experience. The much-awaited biennial aviation event to be held at ADNEC in Abu Dhabi is expected to put an ...

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