Section: United Arab Emirates
EU breaks deadlock over visa waivers
BRUSSELS: The European Union (EU) will allow Ukrainians and Georgians to visit the bloc without a visa after diplomats and lawmakers struck a deal on Thursday to end an internal EU dispute that had been holding up the plan. Agreement on a mechanism for suspending such visa waivers in emergencies ends mounting embarrassment for some EU leaders who...
Russian shares hit record high after Rosneft stake sale
Emerging market stocks climbed the most in a month yesterday, as Russia’s approval of the sale of a €10.5bn stake in its largest oil firm sent Moscow shares to a record high and forecast-beating Chinese trade data lifted the mood.MSCI’s emerging market index jumped 1.3% in the wake of China reporting upbeat trade figures, with exports...
Dealmaking king returns with Glencore’s bets on oil, Russia
A year ago Ivan Glasenberg (pictured) was fighting to save his company from short sellers. Today, the CEO of Glencore is back to doing what made his reputation: Cutting deals that shake up global commodity markets.Making a big bet on both the battered oil industry and Vladimir Putin’s Russia, Glencore and Qatar’s sovereign wealth fund...
Nato urges continued sanctions on Russia over Ukraine
Brussels: Damaging EU economic sanctions imposed on Russia over the Ukraine crisis must be kept in place to force Moscow to meet its Minsk ceasefire commitments, Nato head Jens Stoltenberg said on Wednesday. His comments come as the European Union discusses renewal of the sanctions amid doubts about their effectiveness and cost, and concerns that...
Arsenal punching their weight again in Euro territory
‘It’s difficult to know (the advantages of finishing top) you feel a bit less guilty. We have done our job and let’s see what happens’ The true value of Arsenal’s table-topping display against Basel will not become clear until Monday’s draw for the Champions League last 16 but a 4-1 win proved they are starting to...
Foreign missions in India seek cash relief amid currency crunch
Russia, Ukraine, Kazakhstan and a number of other countries have already approached the government on the issue …read more Source: Gulf...
Russia economy displays ‘encouraging signs’ of recovery, says official
Russia’s economy is displaying “encouraging signs” of recovery and should return to growth in the first quarter of 2017, though it will take years for inflation expectations to be anchored, the central bank’s first deputy governor said yesterday.Growth was flat to slightly positive in the third quarter and fourth quarter data will...
Napoli, Benfica, Besiktas battle for last 16 slots
As Paris Saint-Germain joust with Arsenal for top spot in their group, Napoli, Benfica and Besiktas will battle it out today for last 16 Champions League slots. The Group B trio all have everything to play for in their final pool games as the only one of the eight first phase groups where no side has yet secured a berth. Portugal’s Benfica,...
Five Ukranian policemen killed in friendly fire
KIEV: Five Ukrainian police were killed by friendly fire in a tragic accident in which officers mistook colleagues for burglars, officials said on Sunday. Three burglars initially escaped the crime scene amid a gunfight between different security forces, although they were later detained. “Last night a devastating tragedy took place that killed...
Magnus Carlsen’s dramatic fightback from ‘certain’ defeat cements his legend
He believed defeat was ‘certain’ after a series of self-inflicted wounds, but Magnus Carlsen overcame self-doubt and a stubborn opponent to show the greatest champions find the path to victory when they’re not at their best Magnus Carlsen looked spent. It was Thursday morning in New York, less than a full day after he had survived the...
