Dubai: Tourism ramps up
Dubai’s tourism sector is showing signs of a strong recovery. On September 13, the Department of Tourism and Commerce Marketing (DTCM) issued a report on the sector’s performance for the…
Noor Islamic says has no plans to merge with lenders
DUBAI: Noor Islamic Bank has no plans to merge with another financial institution, it said in a statement on Sunday, dismissing speculation it may tie up with troubled Islamic lender…
Saudi Sipchem Q3 up 54 pct as investors eye SABIC
RIYADH: Saudi International Petrochemical Co (Sipchem) on Sunday posted a 54-percent rise in third-quarter net profit, partly on higher sales volumes and prices. Sipchem's results, which came mainly on the…
National Bank of Oman Q3 profit climbs 16 pct
DUBAI: National Bank of Oman (NBO), the third-largest lender in the sultanate, saw its third-quarter net profit rise 16 percent but the results fell short of analyst expectations. The bank's…
World powers have no option but talk with Iran, says Ahmadinejad
TEHRAN: World powers have no option but to talk with Iran over its nuclear program, hardline Iranian President Mahmoud Ahmadinejad said Sunday in defiant comments ahead of next month's negotiations.…
Israeli police detain Palestinian boy hit by settler car
JERUSALEM: Israeli police have detained a stone-throwing boy who was struck by a car driven by a settler in a flashpoint east Jerusalem neighborhood earlier this month, police said Sunday.…
Sudan official criticizes Obama warning of bloodshed
DOHA: An adviser to Sudan's president Saturday criticized US President Barack Obama for warning of possible bloodshed if a referendum on independence for south Sudan does not take place as…
Pakistan flood victims going into debt to rebuild
NOWSHERA: With their villages in shambles, winter on its way and government help slow to arrive, Pakistan's flood victims are scrambling to rebuild their homes. Many are taking on debt…
Nasrallah deceived Iran leader with gun gift, claims Israeli newspaper
JERUSALEM: Hezbollah Chief Hassan Nasrallah deceived Iranian President Mahmoud Ahmadinejad by giving him a gun he claimed was taken from an Israeli soldier in the 2006 war, an Israeli newspaper…
Turkey faces tough call on NATO missile shield
ANKARA: Turkey's Islamist-rooted government faces making a difficult decision that pits maintaining good relations with its neighbours against joining a NATO missile shield directed against Iran. Prime Minister Recep Tayyip…