January, 2017

• 19 January

  Kosovo asks EU, US and others to denounce Serbia provocation

  

    PRISTINA / AP Kosovo’s foreign minister has written to his counterparts in the European Union, US and other countries denouncing “numerous acts of provocation and aggression” from Serbia, an official said on Thursday. The minister, Enver Hoxhaj, called on the EU, which facilitates Pristina-Belgrade talks to normalize ties, “to urge Serbia to remain committed to good neighborly relations,” according to ...

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• 19 January

  China notes progress in ties under Obama

    BEIJING / AP Sidestepping recent disputes over Taiwan and regional security, China said on Thursday that “important progress” has been made in its relationship with the US under President Barack Obama and the two countries should move forward as partners rather than competitors. Asked to sum up relations under Obama, who leaves office Friday, Foreign Ministry spokeswoman Hua Chunying recalled ...

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• 19 January

  Egypt tumbles on stamp duty worry, Q4 earnings support Saudi

  

    DUBAI / Reuters Egypt’s blue-chip stock index tumbled on Thursday after Reuters reported that authorities were considering temporarily reintroducing a stamp duty on stock market transactions, while Saudi Arabia was supported by quarterly corporate earnings. The index dropped 3.7 percent, its largest single-day decline since June 2016. Local traders were heavy net sellers after a Finance Ministry source, speaking ...

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• 19 January

  Chinese investors see silver lining for stocks as bonds tumble

    Bloomberg For some China investors, the outlook for bonds is becoming a compelling reason to buy stocks. December’s debt selloff, the biggest in six years, may just be the start as policy makers crack down on speculative trading, according to HFT Investment Management Co. With the Shanghai Composite Index one and a half years on from its own bubble ...

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• 19 January

  Etihad to launch double daily service to Dusseldorf

  

    Abu Dhabi / Emirates Business Etihad Airways on Thursday announced its Abu Dhabi – Düsseldorf route will be operated 14 times a week with the addition of a new daily service, effective March 26. The double daily schedule will provide greater choice to local passengers travelling between Abu Dhabi and Düsseldorf, and further increase connectivity to and from Germany ...

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• 19 January

  Sharjah Children Biennial hailed for nurturing future generations

  

    Sharjah / Emirates Business As the fifth edition of the Sharjah Children Biennial continues to display the outstanding work of international young artists, Her Excellency Noura bint Mohammed Al Kaabi, Minister of State for Federal National Council (FNC), and Sheikha Alia Al Qasimi, Founder of ‘Minbart’ visited the event at Sharjah Art Museum. On their first leg of their ...

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• 19 January

  MBRF to expand ‘A Book in Minutes’ initiative

  

    Dubai / Emirates Business The Mohammed bin Rashid Al Maktoum Foundation (MBRF) – a member of the Mohammed bin Rashid Global Initiatives – is set to expand its “A Book in Minutes” initiative, which has already published up to 105 books. Launched by the Foundation three years ago, the initiative seeks to promote reading and to spread knowledge to ...

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• 19 January

  Careem spreads its wings to 50 destinations

    Dubai / Emirates Business Continuing its expansion program, Careem, the region’s leading ride-hailing service, has now expanded to more than 50 cities across the broader MENASA (Middle East, North Africa and South Asia) region, including Turkey and three new cities in Pakistan. Mudassir Sheikha, co-founder and CEO of Careem, said, “Our main focus is to broaden and deepen our ...

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• 19 January

  MIST signs MoU to develop applications for innovative airship

  

    Abu Dhabi / Emirates Business Masdar Institute of Science and Technology, (MIST) an independent, research-driven graduate-level university focused on advanced energy, and sustainable technologies, signed a memorandum of understanding with French company Thales/Thales Alenia Space and French engineering university MINES ParisTech to develop applications for the StratobusTM drone-satellite hybrid airship. In the presence of the French ambassador to the ...

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• 19 January

  Global diamond market reels under India’s cash crunch

  

    Bloomberg As diamond traders descend on Botswana this week for one of the year’s biggest sales, the $14 billion industry is struggling to recover from India’s war on black money. De Beers, the world’s top producer of gems, will offer customers concessions for a second consecutive buying round to support the market, according to people familiar with the process, ...

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