Abdullah Khalfan Al Rumaithi, the United Arab Emirates Ambassador to South Korea said in an interview that the UAE is eager to enlarge and strengthen its partnership with South Korea, especially in the areas of renewable energy, oil, training, education, construction, shipbuilding, semiconductors, information technology and telecommunications. Two Leaders Meet Progress in the economic and…
Category Archives: Global
UBS AG Hires Momdijan to Be Investment Banker for High Net-Worth Clients
The influential Swiss Bank UBS AG announced on Monday that the former banker of Crédit Agricole, the corporate and investment bank, Albert Momdijan is slated to take charge of UBS’s business with the mega-wealthy clients of the Middle East and Africa as of August 1st. Financial Advisor to the Mega Wealthy Momdijan was the…
Qatar Company Full Partner at Traditonal British Horseracing Event
Qipco Sponsoring British Champions Series The wealthy Gulf State of Qatar will have a key presence at one of England’s leading sports events this year as the Qatar International investment and Projects Development Holding Company (Qipco) has signed a “multi-million pound” title sponsorship deal with the British Champions Series. Karl Oliver, chief executive officer of…
Middle East Unrest Holds Back Airline Industry Growth
According to the International Air Transport Association (IATA), the air travel industry has been adversely affected by the widespread unrest throughout the Middle East and North Africa during the month of February. Negative Reaction to Unrest and Earthquake The Director General of the IATA, Giovanni Bisignani pointed out on Tuesday that the industry showed only…
Gold Rises as Turmoil in Libya Continues
Air Strikes Shaking Tripoli and Economy In response to the air strikes on Libya from the west, oil prices are rising as well as the price of gold. Economists are worried that inflation will set in as gold becomes a safe bet for investors concerned that Mideast tensions will not resolve as quickly as first…
Stick and Carrot Should Be Tried in Middle East
As violence continues to escalate in the Middle East analysts in the United States are wondering what the best approach to achieving security in the region might be. In wake of the rocket attack of a convoy of British embassy personnel which took place in the Yemeni capital of San’a recently the United States is…
$400 million To Be Distributed To Bahrain Middle East Bank (BMB) Investors
The bank owns a fund which invests in various industry sectors and also US venture capital. The fund, BMB Technology and Communications Investment Company, is getting the dividend to its investors. The Bank’s CEO, Mr. Akbar Habib said ‘We are pleased with being able to reciprocate to the trust and confidence placed by investors while…
Islamic Finance : Persian Gulf Sells Sukuk in Malaysia
Persian Gulf borrowers are raising funds for expansion and taking advantage of demand in Malaysia, the world’s biggest market for Shariah-compliant bonds. The borrowers are ringgit-denominated Islamic bonds very rapidly. Abdulrahman Al Saleh, the director general of the emirate’s Department of Finance, said that Dubai’s government is “likely” to sell bonds next year and it…
Middle East investors trigger an overseas property buying spree
According to a Jones Lang LaSalle report, Middle Eastern investors contributed to triggering a 40 per cent increase in commercial property transactions in the last year in Europe, Middle East and Africa (EMEA). According to an analysis released by the property consultant, total investment across EMEA will probably climb to €100 billion this year, led…
Fund Managers Seek NRIs’ Investments
Fund managers in Dubai encouraged Non-Resident Indians (NRIs) to invest in one of the fastest growing economies putting their savings into the Indian stock market. Bankers also urged NRIs to invest in fixed deposits and other schemes to become rich enough to meet their family’s long run financial needs. At The annual ‘Indian Investment Seminar…
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Independent Middle East News
- Ankara Fears Increased Kurdish Resistance February 18, 2012by Mahmoud Abu Ghosh According to an intelligence report released Friday, Turkey’s military fears Kurdish resistance will increase in 2012, following months of the Turkish Arned Forces (TSK) brutally suppressing Kurdish rebels and their supporters. According to the report, the Kurdistan Workers’ Party (PKK) announced it will start conducting raids from the a […]
- Kurds Mark 13 Years Since Öcalan’s Capture February 16, 2012by Mahmoud Abu Ghosh People throughout Turkish-occupied northern Kurdistan marked 13 years since the imprisonment of Abdullah Öcalan, founding leader of the outlawed Kurdistan Workers’ Party (PKK). The anniversary was observed Wednesday with protests and business closures. Some PKK sympathizers in the Kurdish city of Hakkari were also reported to have thrown […]
- Turkish Jets Pound Kurdish Region February 12, 2012by Mahmoud Abu Ghosh Turkish warplanes have bombed several targets in the semi-autonomous Kurdish region in northern Iraq, Ankara’s military revealed Sunday.In the second cross-border airstrike in just over a week, the jets hit caves and other suspected rebel shelters in the Zap and Hakurk regions in an operation that began late Saturday, an army […]
- Turkey Kills 13 Kurds in Overnight Clashes February 9, 2012by Mahmoud Abu Ghosh Turkish forces killed 13 Kurdish rebels in occupied northern Kurdistan overnight, marking an escalation in violence at a time when winter weather generally limits clashes. Resistance fighters from the Kurdistan Workers’ Party (PKK) attacked some 10 different Turkish military targets at roughly 2:30am in Hakkari province, Turkish sources […]
- Egypt Defies US Demands February 8, 2012by Naama Ben-Yaakov Cairo announced Wednesday that it would not be swayed by American threats to cut off the aid Egypt receives from the United States when investigating foreign-funded organizations promoting Western interests, a case that has prompted Washington to warn that US military support worth an annual $1.3 billion may be in jeopardy. The US wants [ […]
- Ankara Fears Increased Kurdish Resistance February 18, 2012