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Tehran / AFP Iran fired two more long-range ballistic missiles on Wednesday as it continued military tests in defiance of US sanctions and fresh warnings from Washington. Coming just weeks after the implementation of Iran’s historic nuclear deal with world powers, this week’s multiple missile tests were described by Iran’s powerful Revolutionary Guards as a show of force in the ...

Beirut / EMIRATES BUSINESS Real estate developers in Lebanon are making a high return on their investments, dismissing the need to reduce prices, said an industry expert. “Developers are making around 10 percent to 15 percent yearly profits on their projects which is higher than the interest rate offered by banks on deposits in Lebanese pounds,” Raja Makarem, founding and ...

ljubljana / afp The Balkan trail from Greece to northern Europe used by floods of migrants was blocked on Wednesday after a string of nations slammed shut their borders, hiking pressure on the EU and Turkey to nail down a “game-changing” grand bargain. Slovenia and Croatia, two of the countries along the well-trodden route, said late Tuesday that no migrants ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Tuesday toured the ongoing Abu Dhabi Aviation and Aerospace Week (ADAAW), being held at the Abu Dhabi National Exhibitions Centre (ADNEC). Sheikh Mohamed’s tour covered a number of national and international pavilions at ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, received US Vice President Joe Biden and the accompanying delegation at Zabeel Palace on Tuesday morning. Sheikh Mohammed and Biden held long talks on friendship and existing cooperation between the UAE and the United States of America. They ...

Bloomberg Brazil’s real strengthened, defying a slump in emerging-market currencies, as reports that President Dilma Rousseff could be directly implicated in a widening corruption scandal fueled speculation she’ll be ousted. Investors who think that a new government would be better positioned to lift the country out of its economic morass sent the real up 0.4 percent to 3.7722 per dollar ...

Jerusalem / AFP Israel is razing Palestinian homes and other buildings constructed with international aid at an “alarming” rate, the UN says, with more demolitions so far this year than in all of 2015. In total 121 structures funded partly or fully by international donors were demolished in the occupied West Bank between January 1 and March 2, overtaking the ...

Beijing / Bloomberg China’s exports saw their heaviest fall in nearly seven years in February, diving more than a quarter as feeble global trade offset the weaker yuan and raised pressure on Beijing to ramp up domestic demand. The below-forecast reading is the latest data to raise fears of a “hard landing” in China and comes days after Beijing cut ...

Bloomberg Mark Carney was accused of jeopardizing the Bank of England’s credibility in the European Union debate as he faced a fiery line of questioning from U.K. ­legislators. While the BOE governor has spent months trying to avoid the political battle — a task lawmaker Andrew Tyrie compared to bomb disposal — some members of the Treasury Committee said BOE ...

Abu Dhabi / Emirates Business The Abu Dhabi Air Expo 2016 began on Tuesday in a spectacular fashion with two Etihad Airways’ Extra EA 330 LT Trainer aircraft conducting an aerial ribbon-cutting during an acrobatic display at Al Bateen Airport, Abu Dhabi. The expo is just one event that is taking place during Abu Dhabi Aviation Week 2016, which runs ...