Just in:  

You are here: Home»World»Middle East

Middle East


Dubai property developers upbeat despite falling prices DUBAI: Dubai property developers are still turning out some larger-than-life projects even though prices are heading south again after clawing back a good chunk of their losses in the 2008 crash.The Gulf emirate's annual Cityscape property fair opened Tuesday with developers foreseeing price declines of about 15 percent this year, yet confident there would be no return to the days when huge projects were abandoned half finished.Scale models of new skyscrapers, sprawling villa compounds and leisure centres, including a new indoor ski slope, were rolled out by several companies.Analysts have signalled a slide in property values, which had recovered significantly in the past two years after shedding half of their value in the 2008 global financial crisis.Dubai had shaken world markets when it signalled that it might default on huge debts incurred after borrowing extensively to build those ambitious projects.Thanks to the robust trade, tourism and transport sectors, the economy ...

UAE says 'several' of its soldiers killed in Yemen ABU DHABI: The United Arab Emirates said on Friday that "several" of its soldiers had been killed while fighting with a Saudi-led coalition battling Huthi rebels in Yemen.The armed forces statement carried by the official WAM news agency did not specify the number of troops killed or the circumstances of their deaths.But Yemeni military sources said Arab coalition soldiers were among those killed in what they said was an accidental explosion at an ammunition store ...
Israel air strike hits Gaza after rocket fire JERUSALEM: An Israeli air strike hit a Hamas facility in Gaza overnight after Palestinians fired a rocket into southern Israel, the army said in a statement early on Thursday."In response, the Israel Air Force targeted a Hamas weapon manufacturing facility located in the central Gaza Strip," it said.There were no reports of casualties in either attack. The statement said it was the eighth incident of rocket fire from Gaza since the beginning of 2015.It said ...
Abbas quits PLO leadership ahead of internal election: official RAMALLAH: Palestinian president Mahmud Abbas resigned Saturday as head of the Palestine Liberation Organisation's Executive Committee in a bid to force new elections for the top body, an official said.Wassel Abu Yussef said that more than half of the 18-member committee had also stepped down."The resignation of the president of the executive committee Mahmud Abbas and more than half of its members has created a legal vacuum, and therefore the Palestine National Council has been ...
Official blames Qaeda for Aden police base bombing ADEN: A bomb destroyed the secret police headquarters in Aden on Saturday, residents of the southern Yemen city said, in an attack that one official blamed on al Qaeda.The four-storey building in the Tawahi neighbourhood of Aden was razed by the blast which occurred at around 6 am (0300 GMT) and which could be heard across the city, residents said.One local official, who declined to be named, said the bombing was carried out by al ...
Iraq PM orders major cuts in guards for officials BAGHDAD: Iraqi Prime Minister Haider al-Abadi Thursday ordered major cuts in the number of guards for officials, the latest step in a reform drive to curb corruption and streamline the government.Abadi rolled out a reform programme this month in response to popular pressure from weeks of protests against corruption and poor services, and to a call for drastic change from Iraq's top Shiite cleric, Grand Ayatollah Ali al-Sistani.Parliament has approved Abadi's plan along with additional ...
Saudi MERS infections soar ahead of hajj pilgrimage RIYADH: MERS coronavirus infections have soared in Saudi Arabia ahead of the hajj pilgrimage, forcing the closure of a major hospital's emergency ward in Riyadh and killing three people, officials and the press said.The Saudi Gazette said Thursday authorities shut the emergency ward at the King Abdulaziz Medical City, one of the capital's largest hospitals, "after at least 46 people, including hospital staff" contracted the Middle East Respiratory Syndrome.The closure was confirmed to AFP by ...


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

Wholesale Camping Equipment from China at 

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Ad Asia 2015

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln