• Asif Ali Zardari: ‘Artful dodger’ returns as Pakistan president
    He has spent more than 11 years in jail, a long time even by the standards of Pakistani politicians, with a wheeler-dealer's talent for bouncing back after scandals. Back in 2009, the New York Times said he had a knack for "artful dodging" -- "maneuvering himself out of the tight spots he gets himself into".

    Initially a background character as Bhutto's consort, Zardari was stained by a bevy of corruption and other allegations

    Between 2008 and 2013, he ushered in constitutional reforms rolling back presidential powers, and the 68-year-old's second term will see him steer a largely ceremonial office.

  •

    Jadwa says Saudi economy to fare better

    Saudi economy may perform better this year than forecast earlier with the continual recovery of the non-oil industry from the blows of the coronavirus pandemic.
    Economy
  • The latest US inflation data brings with it a gust of fresh air. It promises to reshape economic perspectives and bring relief to the markets. The world's largest economy is likely to pull off a perfect 'soft landing', staving off a potential recession, writes deVere Group CEO Nigel Green.
    During periods of economic stability, government focus typically gravitates towards infrastructure development. Investments in sectors like construction, transportation, energy, utilities, and telecomms infrastructure, are likely to see a boost. The financial sector is also expected to be positively impacted, he adds.
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  • Nigel Green

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    Canada to resume funding UN agency for Palestinians
    Canada has reviewed the investigation's interim report and "we were reassured by the contents," Minister of International Development said. He also announced that Ottawa will partner with Jordan and the World Food Program to conduct airdrops in Gaza to deliver desperately needed food and other essentials.
  • US plan for Gaza aid transfer through sea dismissed by UN expert
    In his annual State of the Union address to Congress, President Joe Biden said the US military would "lead an emergency mission to establish a temporary pier in the Mediterranean on the coast of Gaza that can receive large shipments carrying food, water medicine and temporary shelters."

    But Michael Fakhri, the United Nations special rapporteur on the right to food, dismissed the measure.

    Neither a pier, nor the increasing airdrops over Gaza would "prevent starvation and famine by any definition", Fakhri said.

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    Expanding Israeli settlements a ‘war crime’: United Nations
    UN rights chief warned Volker Turk said there had been a drastic acceleration in Israeli illegal settlement building in the occupied West Bank as it wages a relentless war in the Palestinian territory of Gaza. He said creating and expanding settlements amounted to the transfer by Israel of its own civilian population into occupied territories.

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  • Foreign banks in Dubai to pay 20% annual tax under new law
    The law issued by Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum exempts the foreign banks licensed to operate in the Dubai International Financial Centre. Besides all foreign banks operating in Dubai, the law applies to special development zones and free zones.

    It stipulates that the 9% tax that went into effect last year will be deduced from the 20% annual tax if the foreign bank pays the tax under the country's corporate tax law.

    Violators will be fined up to AED500,000 ($136,150) and AED1 million in case of repeat violations within two years.

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    Biden warns Israel not to use Gaza aid as ‘bargaining chip’
    Using his annual State of the Union address to deliver some of his strongest comments yet about the five-month-long war, Biden also ordered the US military to lead "an emergency mission" to build a temporary pier off Gaza to facilitate more aid deliveries.

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  • UN aid official presses for aid delivery to Gaza by land route
    The UN aid coordinator for the Palestinian territory Sigrid Kaag said her message to UN Security Council was that the international community must "flood the market in Gaza with humanitarian goods" and "re-energize the private sector" so more commercial goods can enter to meet civilians' needs.

    She said the diversification of the supply routes via land remains the optimal solution

    Kaag noted the complicated border inspection process was the main obstacle

  • Opinion
  • During periods of economic stability, government focus typically gravitates towards infrastructure development. Investments in sectors like construction, transportation, energy, utilities, and telecomms infrastructure, are likely to see...
    By Nigel Green

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    • During periods of economic stability, government focus typically gravitates towards infrastructure development. Investments in sectors like construction, transportation, energy, utilities, and telecomms infrastructure, are likely to see...

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