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  Saint Petersburg / AFP Russian President Vladimir Putin and Turkish counterpart Recep Tayyip Erdogan on Tuesday looked to rebuild ties as they met for the first time since Ankara downed one of Moscow’s warplanes in November. Erdogan’s visit to Putin’s hometown of Saint Petersburg is also his first foreign trip since the failed coup against him last month that ...

  Aden / AFP Air strikes by a Saudi-led coalition have forced Al-Qaeda fighters out of a key town in southern Yemen, a security official said on Tuesday. “Al-Qaeda militants have withdrawn from Azzan, the second city in Shabwa province, after coalition raids targeted their gatherings in the city” on Monday night, the official said. A resident said by telephone ...

  Paris / AFP France will supply 30 military helicopters to Kuwait in a deal worth over one billion euros ($1.1 billion) that French Defence Minister Jean-Yves Le Drian signed in the Gulf state on Tuesday. The agreement to buy the versatile Airbus Caracal helicopters is part of a 2.5 billion euro package of deals that the two countries agreed ...

  Washington / AFP The US-led military effort against the IS group started exactly two years ago, aimed at halting the extremists as they swept across Iraq, leaving a trail of human butchery and destruction in their wake. It was supposed to have been a swift and narrow campaign that would help local forces deal a “lasting defeat” to IS ...

  There’s no question that mainstream academic macroeconomics failed pretty spectacularly in 2008. It didn’t just fail to predict the crisis — most models, including Nobel Prize-winning ones, didn’t even admit the possibility of a crisis. The vast majority of theories didn’t even include a financial sector. And in the deep, long recession that followed, mainstream macro theory failed to ...

  Mac Margolis I have a confession: The other day I went sailing in Rio de Janeiro. I took the whole family, in fact, on a blustery, pre-Olympic afternoon. And we enjoyed it. There were no shoals of garbage, no bodies bobbing in brine, as so many alarming pre-Olympic dispatches have warned. True, my daughter didn’t feel so well, but ...

  Abu Dhabi / Emirates Business Abu Dhabi National Insurance Company (ADNIC) announced on Tuesday its financial results for the first six months ended on June 30. The Company reported a net profit of AED 107.4 million for this period, a significant growth over the same period of last year. The company’s net technical profit contributed AED 59.9 million towards ...

  Abu Dhabi / WAM The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) and Financial Services Board (FSB) of the Republic of South Africa, have signed a Memorandum of Understanding to enable greater collaboration on regulatory matters and facilitate the exchange of information to promote the robustness and maintain the integrity of the financial industries in both ...

  Abu Dhabi / WAM The National Media Council is running a “Second-Tier Leadership Development Programme” for about twenty employees working in supervisory roles. In his opening speech at the intensive training course in Abu Dhabi, Mansour Al Mansouri, Acting Director-General of the National Media Council, highlighted the importance of investing in the human factor, which, he said, is the pillar ...

  Dubai / Emirates Business Yahsat, the UAE-based satellite operator, on Tuesday announced that it has signed an agreement with a new service partner, Pak Datacom Limited, to provide its satellite broadband service, YahClick, to more users across Pakistan. Since its launch in Pakistan, in 2015, YahClick has been connecting individuals and businesses across both urban and rural areas. The ...