Month: May 2018

New UAE student visa will give families relief, says official

The new long-term visa for students in the UAE will have a positive social impact, besides making the country a more attractive destination for foreign students and universities, a senior official said. In an interview, Mohammad Abdullah, managing director of Dubai International Academic City (DIAC), said the five-year residence visa for students will bring an […]

Suspect wounds teacher, fellow student in 23rd school shooting in 2018

Indiana authorities on Saturday were yet to charge and identify the student who they say was responsible for wounding a teacher and student at a middle school in what media is reporting as the 23rd shooting on a United States campus in 2018. The student, who was being held by police, was armed with two […]

Trump administration reaches deal to save China's ZTE

The Trump administration has told Congress that it's reached a deal allowing Chinese telecommunications giant ZTE Corp. to stay in business on Friday. A resolution of the ZTE case could clear the way for the United States to make progress in its high-stakes trade talks with China. The White House confirmed the action to CBS […]

Saudis and Russia discuss easing global oil curbs

The biggest of the oil producers whose output cuts have helped shrink a global glut and driven prices to a 3 1/2-year high signalled for the first time that they are discussing easing the curbs. While scaling back the supply caps is “on the table,” no decision has been made, Saudi Arabian Energy Minister Khalid […]

Emiratis find tourism and entertainment sector promising

A job hiring and training programme is aiming to boost the number of young Emiratis working in the country’s growing tourism and entertainment sector, with 150 Emiratis hired in the 18 months since the initiative was launched. Organised by Miral, the project aims to capitalise on the success of popular theme parks such as Ferrari […]

Report: Suspected Israeli strike targets Hezbollah in Syria

A Syrian war-monitoring group said Friday suspected Israeli strikes hit a military base overnight in central Syria housing Lebanon's militant Hezbollah group alongside other factions allied with the Damascus government. It was not clear if there were any casualties at the Dabaa air base and surrounding areas in central Homs province, the Britain-based Syrian Observatory […]

Harvey Weinstein set to turn himself in on sex crime charges in New York

Harvey Weinstein is expected to surrender to authorities Friday to face sex assault charges in connection with attacks on multiple women. The fallen Hollywood honcho is expected to be charged with preying on Lucia Evans, who told investigators that Weinstein forced her to perform oral sex on him in 2004, and at least one other […]

Collapse of Trump-Kim summit threatens to deepen U.S.-China rift

U.S. President Donald Trump’s cancellation of a summit with North Korean leader Kim Jong Un threatens further strain on U.S.-China ties amid a trade dispute that had been intertwined with Beijing’s pressure on isolated Pyongyang. The United States and China are also increasingly at odds in the disputed South China Sea. The Pentagon this week […]

Two men set off bomb in restaurant in Canada, 15 wounded

Two unidentified men walked into a restaurant in the Canadian city of Mississauga and set off a bomb, wounding more than a dozen people, and then fleeing, authorities said. The blast went off in the Bombay Bhel restaurant at about 10:30 pm on Thursday. Fifteen people were taken to hospital, three of them with critical […]

Positive outlook for oilfield services firms

Oilfield services firms are expected perform better in 2018 on the backdrop of rise in oil prices, top executives told Gulf News. Brent, the international benchmark, is currently trading at about $80 per barrel, up from 2017 average price of $55 per barrel as oil producing countries cut output to prop up prices. “Year 2018 […]

Mubadala to acquire stake in subsidiary of Russia’s Gazprom

The Russian Direct Investment Fund (RDIF), the sovereign wealth fund of Russia, and Mubadala Petroleum will be developing several oilfields in Siberia through the creation of a joint venture with a subsidiary of Russian oil giant Gazprom. According to an announcement on Thursday, RDIF and Mubadala Petroleum will acquire a 49 per cent equity stake […]

North Korea says US Vice-President Pence's comments 'stupid'

A senior North Korean official has dismissed remarks by US Vice-President Mike Pence as "stupid", casting further uncertainty about a planned meeting between the two countries' leaders. Choe Son-hui said the North would not "beg" for dialogue and warned of a "nuclear showdown" if diplomacy failed. In recent days, both sides have said that the […]

Egypt Widens Security Crackdown as Concerns of Unrest Grow

Egypt’s government has intensified a crackdown on political opponents, arresting a series of high-profile dissidents in raids on their homes in recent weeks as President Abdel Fattah Al Sisi prepares to begin a new term next month. Those detained in the current sweep are among the country’s most prominent non-Islamist activists, including three human rights advocates, a […]

Brent over $78 as Venezuelan Risk Adds to Iran Concerns

Brent crude prices traded more than $78 (Dh286.49) per barrel, while West Texas Intermediate (WTI) advanced toward $72 a barrel as Venezuela’s election results escalated the risk of US sanctions against the Organisation of Petroleum Exporting Countries (Opec) nation, adding to mounting concerns about supply following curbs against Iran. Futures in New York rose as […]

Trump considering steep car import tariff

The US Commerce Department said Wednesday it launched an inquiry that could allow the Trump administration to impose tariffs on auto imports over national security concerns. Commerce Secretary Wilbur Ross announced he initiated a so-called Section 232 investigation on auto trade — which would provide the legal basis to impose tariffs, if his department finds […]

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