June, 2016

• 26 June

  Soup kitchen offers respite to Gaza’s hungry

  

    Gaza City / AFP In her modest home in the Gaza Strip, Sahar Sherif’s family watches as she ladles out a broth of meat and vegetables for a rare heart-warming meal. For just a month of the year, a soup kitchen in the Palestinian enclave is offering struggling families like Sherif’s a welcome break from daily worries about where ...

  Read More »
• 26 June

  Turkey: Pope’s genocide remarks bears stamp of ‘Crusades mentality’

    Ankara / AFP Turkey has condemned as “very unfortunate” Pope Francis’s declaration that the mass killings of Armenians a century ago by Ottoman forces amounted to a genocide, saying it bore traces of “the mentality of the Crusades.” “It is not an objective statement that conforms with reality,” Deputy Prime Minister Nurettin Canlikli said late on Saturday, quoted by ...

  Read More »
• 26 June

  Some Brexit consequences

  

    WASHINGTON On June 1, the Organization for Economic Cooperation and Development issued its latest economic forecasts. In 2016, it predicted that the world economy would grow 3 percent, the United Kingdom 1.7 percent and the euro area (the 19 countries using the euro) 1.6 percent. We don’t know how these figures will now be revised, but we do know ...

  Read More »
• 26 June

  Expanded Panama Canal scripts maritime history

    Sunday was the day for festivities and pride in Panama as people there marked the inauguration of newly expanded multibillion dollar Panama Canal that will link the Atlantic and the Pacific Oceans and boost the regional and international trade. Currently, some 5 percent of global maritime commercial traffic uses this strategic waterway, which provides a valuable shortcut between North ...

  Read More »
• 26 June

  Seven lessons from the UK’s departure

    Mohamed A. El-Erian As global financial markets convulse in response to British citizens voting to leave the European Union, the stunning outcome of the U.K.’s referendum provides more questions than answers. As discussed on Monday, the heightened uncertainty, fueled by sudden institutional instability now compounding long-standing economic fragility and financial fluidity, is likely to cause an unprecedented mix of ...

  Read More »
• 26 June

  China could be the biggest winner from Brexit

  The United Kingdom’s exit from the European Union is creating a lot of losers: London’s finance industry. British Prime Minister David Cameron. The pound. The grand cause of European integration. But out of all of the market turmoil and uncertainty will emerge at least one big winner: China. In the short term, of course, China’s struggling economy may take a ...

  Read More »
• 26 June

  GCC online ads poised for big leap

  

    Emirates Business Increased internet penetration in the Arab World has led to a jump in the GCC region’s online ad spending for this year with internet ads in the GCC set to grow 20 per cent in 2017, according to a market research report recently launched by Orient Planet Research, an Orient Planet Group venture. The report, entitled, ‘GCC ...

  Read More »
• 26 June

  Phase 1 of Redwood Park officially sells out

  

    Dubai / Emirates Business Jumeirah Golf Estates, the leading residential golf community, announced that Phase 1 of its Redwood Park development has officially sold out to a mix of local and international buyers. As Jumeirah Golf Estates continues its ambitious growth plans and international sales drive, also reported that buyer confidence in the community of modern townhouses – overlooking ...

  Read More »
• 26 June

  SIB wins Al Etihad Credit Bureau accolade

  

    Sharjah / Emirates Business Sharjah Islamic Bank (SIB), voted “Best Islamic Bank in the UAE” at the World Finance Awards 2016, has has announced that more honours have been bestowed as it has received the “First Successful Data Submission Award” from Al Etihad Credit Bureau (AECB). AECB provides world-class services on creditors to help financial institutions and credit providers ...

  Read More »
• 26 June

  Dinosaurs to invade summer in the capital

  

    Abu Dhabi / Emirates Business This summer, get ready to witness pre-historic times come to life with your entire family in Abu Dhabi, as dinosaurs resurrect like you have never seen before in the internationally-acclaimed “Dinosaur Zoo Live” show, taking place from July 7-9 at Emirates Palace. The interactive show, which has toured around the world and featured in ...

  Read More »