December, 2016

• 7 December

  Europe’s dithering over Greek debt is dangerous

    This week, the European Union’s finance ministers granted some new debt relief to Greece. The new “short-term” measures are better than nothing — but they’re less than a convincing solution to a problem that has dragged on far too long. The deal, sketched out and agreed to in principle earlier this year, should help the Greek government convince voters ...

  Read More »
• 7 December

  World has failed to stop carnage in Aleppo

    Syrian army continues to make gains in Aleppo. On Wednesday regime forces took control of the Aleppo’s Old City as rebels retreated. Assad forces have retaken more than three-quarters of opposition territory since the offensive launched in November. More than 80,000 people have fled their homes in eastern neighbourhoods. After three weeks of fighting that has witnessed unprecedented aggression, ...

  Read More »
• 7 December

  Deals worth AED3.8bn signed as SIAL 2016 wraps-up

  

    Abu Dhabi / Emirates Business The seventh annual SIAL Middle East exhibition, the fastest growing event for the region’s food, drink and hospitality sectors, concluded yesterday at the Abu Dhabi National Exhibition Centre (ADNEC) with a record number of visitors and deals worth billions of dirhams conclude. Held under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, ...

  Read More »
• 7 December

  RAK Properties awards AED30mn contract for Anantara hotel

  

    Ras Al Khaimah / Emirates Business RAK Properties PJSC, Ras Al Khaimah’s largest property developer listed on the Abu Dhabi Stock Exchange, signed a AED 30 million enabling works contract with Al Nuaimi Group for its upcoming Anantara Resort & Spa within the Mina Al Arab development. The contract between Al Nauimi Group and RAK Properties includes piling and ...

  Read More »
• 7 December

  Mai Dubai selects Swisslog to achieve 2020 goals

  

    Dubai / Emirates Business Mai Dubai, the Dubai-based bottled drinking water company, commissioned Swisslog to automate its storage and distribution logistics at its new mega expansion project in Dubai in order to reach its 2020 goals. The order value of the project amounts to 21 million US dollars. As Swisslog builds on its strengths in logistics in the food ...

  Read More »
• 7 December

  City Centre Sharjah rolls out festive offers to customers

  

    Sharjah / Emirates Business City Centre Sharjah—one of the emirate’s largest shopping destinations, owned and operated by Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa —will offer unparalleled shopping opportunities to residents and visitors in the Emirate, this holiday season. During the festive season, shoppers will have the chance ...

  Read More »
• 7 December

  Dubai International Jewellery week 2016 opens at DWTC

  

    Dubai / Emirates Business The 21st edition of the Middle East’s most influential jewellery show has opened its doors, unveiling thousands of unique, breath-taking jewellery pieces, offering visitors a one of a kind shopping opportunity. The show floor displays more than 10,000 glittering designs from across the globe and the four-day jewellery extravaganza will run until December 10 at ...

  Read More »
• 7 December

  Syria rebels call for truce as Aleppo losses mount

  

    Aleppo / AFP Rebels in Aleppo called for a five-day truce and the evacuation of civilians on Wednesday after losing more than three quarters of their territory including the Old City to a Syrian army offensive. In the face of a blistering assault by forces loyal to President Bashar Al-Assad, the rebels were reported to have retreated on Wednesday from ...

  Read More »
• 7 December

  40 missing after ship sinks off Yemen

    Aden / AFP Around 40 people were missing off the Yemeni island of Socotra on Wednesday after a cargo vessel carrying islanders home from the mainland sank in the Indian Ocean, authorities said. Nineteen people were rescued from the water after a major search operation was launched in the early hours, Yemeni Fisheries Minister Fahd Kavieen said. The first two ...

  Read More »
• 7 December

  Iraq forces push inside Mosul, face fierce resistance

  

    Bartalla/ AFP Iraqi forces battled extremists deep inside Mosul on Wednesday, edging closer to the River Tigris that divides the city and looking for a breakthrough in the seven-week-old offensive. The fighting to retake the IS group’s last major stronghold in Iraq has prompted a steady trickle of people to leave their homes, many taking refuge in camps where ...

  Read More »