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Saudi and Kuwaiti money returns to London property despite Brexit

LONDON: Property broker Knight Frank estimates there is as much as £40 billion targeting real estate assets in London this year despite a sharp retreat by Gulf-based investors in 2018.Preliminary data for the first quarter has seen two transactions worth almost $171 million put Saudi Arabia and Kuwait back on the London commercial property investment…

Dubai completes power and water plant
Business

Dubai completes power and water plant

LONDON: Dubai has completed work on the expansion of its biggest power and desalination plant.State-owned utility Dubai Electricity and Water Authority (DEWA) added 700 megawatts (MW) to its M-Station in Jebel Ali.The cost of the project, including the latest expansion, was 11.7 billion dirhams ($3.2 billion). It has a production capacity of 2,885 megawatts (MW)…

Former Barclays trader claims bank fired him for misconduct after whistleblowing
Business

Former Barclays trader claims bank fired him for misconduct after whistleblowing

LONDON/NEW YORK: Barclays allegedly pressured a former senior trader in the United States to ignore internal risk controls and then forced him out when he raised complaints, according to a public court document seen by Reuters, the latest in a string of allegations about the British bank’s handling of whistleblowers.Brian La Belle, the bank’s former…

Indian Army’s Yeti ‘footprint’ pictures cause online storm
World

Indian Army’s Yeti ‘footprint’ pictures cause online storm

CARACAS: Venezuelan opposition leader Juan Guaido Tuesday called for a military uprising to oust President Nicolas Maduro and armed factions exchanged gunfire outside a Caracas air base as the country hit a new crisis point after years of political and economic chaos.Several dozen armed men in military uniform accompanying Guaido clashed with soldiers supporting Maduro…

Guaido calls for military uprising in Venezuela to topple Maduro
World

Guaido calls for military uprising in Venezuela to topple Maduro

DELHI: India’s main opposition Congress Party rubbished a notice sent by the government to its leader Rahul Gandhi on Tuesday, asking him to answer questions about his citizenship. The notice comes at the peak of the general election campaign, with both the Congress and the ruling Bharatiya Janata Party (BJP) fighting bitterly for the remaining 169…

Kabul on lockdown as assembly discusses peace with the Taliban
World

Kabul on lockdown as assembly discusses peace with the Taliban

NEW DELHI: Pictures of a “Yeti footprint” the Indian Army posted on social media triggered a barrage of jokes Tuesday. “For the first time, an #IndianArmy Moutaineering Expedition Team has sited Mysterious Footprints of mythical beast ‘Yeti’,” an apparently serious — though misspelled — tweet on the army’s official account said Monday, alongside three images of…

Attacks on Syrian health facilities condemned
Middle East

Attacks on Syrian health facilities condemned

HBEIT: Shelling of areas in northwestern Syria in the past three days has damaged a medical center and put two hospitals out of service, the United Nations said on Tuesday. “The UN is deeply disturbed by three separate reported attacks on hospitals and health facilities in northwestern Syria, depriving thousands of people of their basic right…

Italy’s top leaders in Tunisia to shore up ties, security
Middle East

Italy’s top leaders in Tunisia to shore up ties, security

HBEIT: Shelling of areas in northwestern Syria in the past three days has damaged a medical center and put two hospitals out of service, the United Nations said on Tuesday. “The UN is deeply disturbed by three separate reported attacks on hospitals and health facilities in northwestern Syria, depriving thousands of people of their basic right…

Trial for murder of Scandinavian hikers to open in Morocco
Middle East

Trial for murder of Scandinavian hikers to open in Morocco

RABAT: Two dozen suspects are set to go on trial in Morocco Thursday for offenses linked to the gruesome murder of two young Scandinavian hikers late last year that shocked the North African country. Danish student Louisa Vesterager Jespersen, 24, and 28-year-old Norwegian Maren Ueland had their throats slit before they were beheaded in December at…

Oracle opens Riyadh tech hub
Saudi Arabia

Oracle opens Riyadh tech hub

RIYADH: Saudi Arabia has launched a major initiative to bring its rich industrial past back to the future. The Kingdom has become the first country in the Arab world to commit to investing in its industrial heritage with the establishment on Monday of a dedicated preservation society. Turning the famous Hijaz railway into a heritage site…

Saudi crown prince meets Yemeni MPs including new speaker in Riyadh
Saudi Arabia

Saudi crown prince meets Yemeni MPs including new speaker in Riyadh

RIYADH: Saudi Arabia has launched a major initiative to bring its rich industrial past back to the future. The Kingdom has become the first country in the Arab world to commit to investing in its industrial heritage with the establishment on Monday of a dedicated preservation society. Turning the famous Hijaz railway into a heritage site…

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