Month: May 2018

More than 60 killed in Nigeria suicide blasts

Suicide bombers killed more than 60 people at a mosque and a market in northeast Nigeria on Tuesday, in a twin attack bearing the hallmarks of Boko Haram and a day after US President Donald Trump pledged greater support to fight the extremists and militants. The blasts, said to have been carried out by young […]

Morocco severs ties with Iran over support for West Sahara Polisario front

Morocco has cut diplomatic ties with Iran over its alleged involvement in the delivery of weapons from its Lebanese ally Hezbollah to the Polisario Front, Foreign Minister Nasser Bourita said Tuesday. He told reporters that “a first shipment of weapons was recently” sent to the Algerian-backed Polisario Front, which is seeking independence, via an “element” […]

UNHCR launches global zakat platform to help Syrian refugees

With an aim to financially aid 60,000 Syrian refugee families living in Jordan and Lebanon, the UNHCR – the UN Refugee Agency – in partnership with Tabah Foundation announced on Tuesday the launching of its global zakat platform, with the donated money going straight to the families in need. Leading Islamic scholars and institutions have […]

VAT charges removed on gold at wholesale level

The UAE has rolled back the 5 per cent Value Added Tax (VAT) on gold and diamond sectors at the wholesale level. Retailers will continue to impose 5 per cent on all jewellery transactions taking place at their shops. But the move, announced by the UAE Cabinet, could set off a gradual revival in consumer […]

Talex eyes overseas markets for growth

Most of the products manufactured at the newly-opened Taweelah Aluminium Extrusion Company (Talex) will be exported overseas, according to a top executive of Senaat which has a 50 per cent stake in the company. Talex was inaugurated on Tuesday by Shaikh Sultan Bin Tahnoun Al Nahyan, Member of the executive council at Khalifa Industrial Zone […]

The Latest: Israeli claims on Iran divide US, allies

The Latest on the Israel’s allegations that Iran concealed a nuclear weapons program before signing a deal with world powers in 2015 (all times local): 10:20 p.m. Israeli Prime Minister Benjamin Netanyahu’s latest accusations about Iran’s past nuclear activities have received a warm welcome in Washington but a far cooler reception in Europe. The claims […]

Sayyed Nasrallah: Your Votes Protect the Resistance, Preserve Achievements

Hezbollah Secretary General Sayyed Hasan Nasrallah announced from Bekaa that votes in the upcoming parliamentary elections shall preserve the achievements and sacrifices of resistance martyrs in face of regional and international conspiracies. “The victories and achievements for which a very high cost was paid should be protected with your votes,” Sayyed Nasrallah addressed people of […]

Suspected Israeli strikes hit Iran-linked targets in Syria, escalating regional tensions

Missile strikes at two Iran-linked bases in Syria caused huge explosions and killed dozens of pro-government fighters, a monitoring group said Monday, in an attack seen as Israel’s latest blow in a shadow war to contain Iranian influence. Syrian state media reported major blasts in parts of Hama and Aleppo provinces about 10:30 p.m. Sunday. It did not […]

Palestine May Soon Take 'Serious' Steps Against Israel, US

Palestinian President Mahmoud Abbas has warned that Palestine will soon take "serious and dangerous steps" against Israel and the United States. "We will soon take serious steps in relations with our neighbours and the United States. You will see them, these steps will be serious and dangerous," Abbas said in a televised statement. Abbas also said that the […]

China snatches Dominican Republic from Taiwan in diplomatic blow

The Dominican Republic has announced it has severed ties with Taiwan and switched its allegiance to China, reducing the number of countries with formal relations with the government in Taipei to fewer than 20. In a hastily arranged ceremony, Chinese Foreign Minister Wang Yi and his counterpart from the Caribbean country signed an agreement after […]

US Delays Decision on Tariffs for EU, Prolonging Uncertainty

The U.S. government will take another 30 days to decide whether to impose tariffs on imports of steel and aluminum from the European Union, Canada, and Mexico, extending a period of uncertainty for businesses in those regions. The delay helps the U.S. avoid a potential trade war with allies as it prepares for tense trade […]

Microsoft confirms talks with UAE's Telecommunications Regulatory Authority to lift Skype ban

Microsoft has confirmed that it is in talks with Telecommunications Regulatory Authority (TRA) of the UAE to lift the ban on Skype. “We have been working closely with the local authorities towards gaining a better understanding of the local requirements in an effort to get Skype unblocked. We are passionate about the benefits that Skype […]

Boosting Dubai’s appeal to business community

Business people from a diverse range of companies and sectors met with His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to discuss ways to enhance Dubai’s appeal to the business community. A workshop involving around 80 business people and government officials sought ways to […]

UAE, Japan sign investment protection treaty to bolster ties

His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, held talks with Japanese Prime Minister Shinzo Abe at the Presidential Palace in Abu Dhabi on Monday. Shaikh Mohammad expressed confidence that Abe’s visit will have a massive impact on bilateral relations between the […]

RAK Petroleum back in profit

Ras Al Khaimah Petroleum, a UK-based company operating oil and gas concessions in the Middle East and Africa, said on Monday it had returned to profitability, posting a net profit of $54.8 million (Dh201 million) for the financial year 2017. A year earlier, the company reported a net loss of $7.3m. According to RAK Petroleum’s […]

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