01202017Fri
Last update: Fri, 20 Jan 2017 06am

Middle East

World - Middle East

UAE to invest $163 bn to diversify energy DUBAI: The United Arab Emirates announced Tuesday plans to invest 600 billion dirhams ($163 billion) in projects to generate almost half the country's power needs from renewables."Our aim is to balance our economic needs with our environmental goals," Prime Minister Sheikh Mohammed bin Rashid al-Maktoum said on Twitter as the Gulf state unveiled its "Energy Strategy 2050".The UAE is a top oil exporter, but has taken steps to reduce its dependency on fossil fuels to generate power, including building nuclear facilities.The country's energy mix by 2050 will comprise 44 percent from renewables, 38 percent from gas, 12 percent from clean fossils and six percent from nuclear energy, said Sheikh Mohammed, who is also the UAE's vice president and the ruler of the emirate of Dubai."The plan aims to increase usage efficiency by 40 percent and increase clean-energy contributions to 50 percent," he wrote.In June, Dubai announced plans to build a ...

World - Middle East

Lebanon seeks cooperation with Saudi: president RIYADH: Lebanon seeks cooperation with Saudi Arabia, the country's Hezbollah-backed President Michel Aoun told Saudi television on Tuesday, after a tense year in relations between the two countries.Aoun arrived in Riyadh on Monday night with a delegation of ministers.It is his first trip to the kingdom since his election in November ended a two-year deadlock between Iran- and Saudi-backed blocs in the Lebanese parliament.In an interview with Saudi state news channel Al-Ekhbaria, Aoun said his ...

World - Middle East

Islamic State fights losing battle in eastern Mosul MOSUL: The leaflet dropped from the skies over Mosul urged Islamic State militants to give themselves up. "Who will look after your families if you are killed?" read the message, found on the ground in an apartment complex on the city's northern edge.Sent by the Iraqi government, it appears to have been ignored. At the bottom of a stairwell in one of the apartment blocks lay the corpses of three militants who must have known ...

World - Middle East

Israeli troops shoot dead Palestinian attacker in West Bank JERUSALEM: Israeli troops in the occupied West Bank shot dead a Palestinian overnight during an operation to arrest suspected militants, the army said on Tuesday morning.A military statement said that no soldiers were injured in the incident at Al-Fara Palestinian refugee camp, northeast of the city of Nablus."An assailant, armed with a knife attempted to stab soldiers on operational activity to arrest suspects," the English-language statement said."Forces called the attacker to halt and, upon his ...

World - Middle East

Signs suggest truck driver who killed four soldiers supported Islamic State-Israeli PM JERUSALEM: Israeli Prime Minister Benjamin Netanyahu said on Sunday a Palestinian truck driver who rammed a group of soldiers in Jerusalem, killing four and wounding 15 others, was likely a supporter of Islamic State. "We know the identity of the attacker, according to all the signs he is a supporter of Islamic State.We have sealed off Jabel Mukabar, the neighbourhood from where he came, and we are carrying out other actions which I will not ...

World - Middle East

Egyptians unimpressed by Sisi's promise of economic recovery CAIRO: Egyptians have been assured by their president that the country's battered economy will pick up in six months and they are coping "brilliantly" with austerity.But on the streets of Cairo it is hard to find people who agree. In making his forecast last month, President Abdel Fattah al-Sisi urged businessmen and investors to help the government rein in price rises. He also praised Egyptians for how they had dealt with tough economic reforms. But ...

World - Middle East

Ghana's new president to name investment banker as finance minister ACCRA: Ghana President Nana Akufo-Addo is likely to name investment banker Ken Ofori-Atta as finance minister, three sources close to the presidency told Reuters on Sunday. Akufo-Addo defeated incumbent president John Dramani Mahama in elections last month and assumed office on Saturday, pledging to cut taxes to boost the ailing economy while protecting the public purse. Ofori-Atta, 57 and co-founder of the Africa-wide investment banking group Databank Group, was Akufo-Addo's nominee to assess the health ...