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DUBAI / EMIRATES BUSINESS Al Mazaya Holding has announced its financial results for the fiscal year ended December 31, 2015. The announcement was made following a meeting of the board of directors that was held on January 28, 2016. The meeting was chaired by Chairman Rashid Al Nafisi and attended by members of the board and the group’s CEO. Addressing ...

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 3.03% to close at 4095.68 points. Accordingly the Market Capitalization has gained 19.52 Billion AED attaining 664.37 Billion AED. A total of 0.88 Billion Shares were traded with a total value of 1.11 Billion AED during the trading session of 2016-01-31 through 11591 transactions. The number of companies which ...

ABU DHABI / EMIRATES BUSINESS Finance House (FH) announced its Corporate Credit Rating of “BBB-” (Long-Term) and “A3″ (Short-Term). With both Investment Grades recently affirmed by Capital Intelligence (CI), the international credit rating agency, Finance House demonstrates solidly stable outlooks, while maintaining the same Credit Rating for three consecutive years. While affirming the above ratings in a recently released Credit ...

The DFM General Index increased 4.9 percent to the highest level since Jan. 6, taking its three-day gain to 11 percent. The measure’s 30-day volatility is near the highest in a year following the swings in January. Abu Dhabi’s ADX General Index advanced 3.7 percent. First Gulf Bank PJSC was the biggest contributor to gains with a 12.4 percent jump, ...

Henry Meyer / Bloomberg The latest bid to end five years of war in Syria gathered some momentum as the main opposition group arrived in Geneva for United Nations-sponsored talks, though it refused to lift a threat to boycott the peace process. The Saudi-backed High Negotiations Committee, whose delegation landed in the Swiss city on Saturday, said it will have ...

Berlin / AFP Support for German Chancellor Angela Merkel’s conservative alliance has slumped to its lowest since July 2002 as opposition over her liberal refugee policy grows, a survey showed on Sunday, while a right-wing populist party polled a record high. According to the poll published by the Bildam Sonntag newspaper, public support for Merkel’s Christian Democratic Union and sister ...

Kathmandu / AFP After enduring endless blackouts in Nepal’s months-long and ongoing national fuel crisis, management consultant Pankaj Shrestha finally splurged on a set of solar panels for his home in Kathmandu. “First there was no cooking gas available, so we bought an electric cooker. But then there was no electricity, so how could we cook anything?” the 52-year-old asked. ...

Baghdad / AFP The United Nations launched an appeal on Sunday for $861 million in international humanitarian assistance to help millions of people in Iraq who are suffering from war and displacement. Violence including the devastating war with the IS extremists group has displaced 3.3 million Iraqis in the past two years, while some 250,000 Syrians have fled to Iraq ...

Brussels / AFP Belgium has charged three people with trying to go to Syria and join extremists there, press reports said on Sunday. Police arrested four people on Saturday after raids in Jumet, near the southern city of Charleroi, on suspicion that they planned to go to either war-torn Syria or Libya. The reports said one person had been released ...

Tripoli / AFP The designated head of Libya’s UN-backed unity government has met the country’s controversial army chief, retired General Khalifa Haftar, as he prepares to submit a new cabinet lineup. Fayez Al Sarraj’s official Facebook page said he met Haftar on Saturday as part of a series of meetings to assess “the opinions, fears and worries of influential sides ...