March, 2017

• 5 March

  Bahrain parliament approves military trials for civilians

    DUBAI / AP Bahrain on Sunday approved a constitutional change allowing military courts to try civilians, the kingdom’s latest rollback on reforms made after its 2011 Arab Spring protests that likely will stoke an ongoing government crackdown on dissent. Activists warn the amendment will allow an undeclared state of martial law on the island near Saudi Arabia that’s home ...

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• 5 March

  UN says 66,000 displaced in 5 months of north Syria fighting

    BEIRUT / AP A UN humanitarian agency says some 66,000 people have been displaced in five months of fighting in Syria’s crowded northern battlefield. Turkish, Syrian government, Syrian opposition, and autonomous Kurdish-led forces have all been jostling for territory formerly held by the IS group near the Turkish-Syrian frontier, as preparations are being made to attack the extremists’ de ...

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• 5 March

  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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• 5 March

  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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• 5 March

  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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• 5 March

  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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• 5 March

  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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• 5 March

  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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• 5 March

  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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• 5 March

  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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