Monday 27 June 2016

Iraqi forces retake IS holdout in Falluja

Iraqi forces recaptured the last district held by Islamic State militants in the city of Falluja on Sunday and the general commanding the operation declared the battle complete after nearly five weeks of fighting. Prime Minister Haider Al Abadi claimed victory over Islamic State


UAE arbitration centre adopts latest global rules

Emirates Maritime Arbitration Centre (Emac) has adopted advanced global arbitration rules and is implementing special fast-track arbitration rules to ensure speedy decision-making and less time, effort and cost for all parties involved. The decisions were made during the Centre&r


Dubai retailers gear up for solid Ramadan sales

Despite slower growth projections for the first half, retailers across Dubai are witnessing steady spend during Ramadan, primarily driven by residents and international visitors, including those from across the GCC proximity markets. Overall, close to 1 million international visi


Bahrain set for debut chocolate & coffee show

There has been an overwhelming response from the chocolate and coffee manufacturers and the dealers from the Middle east region for the inaugural “Chocolate & coffee” exhibition and festival to be held in Bahrain from  September 1 to 3, said the organiser Events Staarts.


Raytheon wins $523m Kuwait defence contract

Raytheon Company, a US-based technology and innovation leader, has won a $523 million contract from the US Army for the upgradation of Kuwait's Patriot Air and Missile Defence Systems. With this upgradation, Kuwait will be able to better protect its cities and key infrastruct


Kuwait seeks $1bn damages over Olympic ban

Kuwait is seeking $1 billion in damages from the International Olympic Committee (IOC) for banning the country from international competitions, state news agency Kuna reported. The IOC suspended Kuwait in October 2015, accusing the government of interference in its national Olymp


UAE dairy firm quits stake sale on valuation mismatch

The owners of National Foods Products Company (NFPC) have abandoned the sale of a majority stake in the Abu Dhabi-based firm after final round bids failed to meet their valuation, sources aware of the matter said on Wednesday. Shareholders in NFPC, one of the largest food and dai


Interpol launches appeal to catch people smugglers

Interpol launched a public appeal on Thursday for help catching people smugglers who make billions of dollars' profit from the flow of migrants to peaceful and prosperous countries from poor and strife-torn homelands. The France-based international police organisation publish


Saudi deputy crown prince meets UN chief

United Nations Secretary-General Ban Ki-moon met Saudi Arabia's powerful deputy crown prince on Wednesday and the pair discussed improving civilian protection in Yemen, after a UN report had briefly blacklisted a Saudi-led coalition. Ban removed the coalition from the blackli


UAE ministry inspects Ajman Markets unit

The UAE Ministry of Economy has conducted an inspection of the Ajman Markets Cooperative Society’s Al Jurf branch as part of its ongoing inspection visit programme covering markets and points of sale during Ramadan. Dr Hashim Al Nuaimi, drector of the Ministry's Consume

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