GII forays into US real estate market

  Abu Dhabi / Emirates Business Gulf Islamic Investments LLC (‘GII’), a UAE based Islamic financial services company, on Monday announced that it advised/ acquired on behalf of its Investors, a Class A Commercial Building ‘3501 Corporate Parkway’ situated in Center Valley (Allentown) Pennsylvania, United States of America. The building was constructed in 2006, on approximately 60,000 square feet plot ...

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69 percent expats spend more on charity during Ramadan

  Dubai / Emirates Business Ramadan is known as the holy month of giving – a fact echoed by 69% of UAE expatriates who spend more on charitable acts during the month. The results come from a GCC survey conducted on expatriate behaviour and spending habits during Ramadan by Xpress Money, one of the most dependable money transfer brands in ...

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DED asks retailers to set up consumer protection counters

  Dubai / Emirates Business The Commercial Compliance & Consumer Protection (CCCP) sector in the Department of Economic Development has announced an initiative to establish Consumer Protection Counters within hypermarkets, car showrooms, electronics shops and department stores across Dubai. The counter will serve as the first point of contact for consumers who wish to register complaints regarding their purchases. Mohammed ...

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Nepali guards among 23 killed in Afghan Taliban bombings

  Kabul / AFP A busload of Nepali security guards were among 23 people killed in a string of bombings across Afghanistan on Monday, days after Washington expanded the US military’s authority to strike the insurgents. The Taliban claimed the first attack which killed 14 Nepali security guards working for the Canadian Embassy in Kabul in a massive blast that left ...

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Afghanistan-Pakistan discuss border ‘issues’

ISLAMABAD / AP Pakistan and Afghanistan held talks on Monday in Islamabad on last week’s deadly border clashes that killed two Afghan border guards and a Pakistani officer. A statement after the meeting said both nations emphasized the need to create a mechanism for consulting one another on border issues. The two neighbors last week traded several bouts of deadly ...

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Shabaab kill 5 Kenyan police, says governor

  Kenya / AFP Five Kenyan policemen were killed on Monday when suspected radical Shabaab fighters attacked their convoy in the far northeast of the country, the local governor said. The police vehicle exploded into flames after it was hit by a suspected rocket-propelled grenade as it provided security for a bus near the remote Kenyan town of Elwak, on ...

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Indonesia defends firing on Chinese boat

  Jakarta / AFP Indonesia on Monday defended opening fire on Chinese sailors as an action aimed at stopping illegal fishing, after the latest confrontation between the nations in the South China Sea. Beijing has protested strongly over clash near Indonesia’s Natuna Islands, saying one Chinese fisherman was injured. The Indonesian navy said that seven sailors and a Chinese-flagged vessel ...

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UN: Rohingya ‘victims’ of ‘crimes against humanity’

  Geneva / AFP Widespread and ongoing violations against Myanmar’s Muslim Rohingya minority, including denial of citizenship, forced labour and sexual violence, could amount to crimes against humanity, the United Nations warned on Monday. In a report on the human rights situation for minorities in Myanmar, the UN human rights office said it had found “a pattern of gross violations ...

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13 Taiwanese fraud deported to China

  Cambodia / AFP Cambodia said on Monday it would deport 13 Taiwanese nationals arrested on fraud charges to mainland China, as Taipei said its emissaries had been prevented from meeting with the suspects. The imminent deportations come at a time of increased tensions between Taiwan and mainland China, with Taipei accusing Beijing of “abducting” citizens from countries that do ...

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The day after the UK votes to Leave EU

  Here’s what the world could look like on June 24 if the “Leave” camp won the previous day’s referendum on whether the U.K. should continue to be part of the European Union: The foreign exchange markets are in turmoil, with the pound falling 7 percent to 10 percent and the euro down about 3 percent to 5 percent. Stocks ...

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