Author: Gulf News Week
Al Ansari Exchange CEO says NRIs in the UAE taking advantage of the favourable exchange rate by transferring funds to India ahead of the Eid Al Adha holidays The Indian rupee continued its downward trajectory on Wednesday, slipping to a new record low and is expected to remain under pressure in the near term due to high oil prices and foreign fund outflows from the country’s stock markets, analysts said.The rupee was just shy of 97 against the US dollar, falling to 96.9 (26.38 against the UAE dirham) on Wednesday morning.However, the rupee could find support against the US dollar…
Congressman Thomas Massie, one of the most vocal Republican critics of Donald Trump, has lost his fight for re-election to a challenger endorsed by the president.Ed Gallrein, a former Navy Seal, will now compete in November’s midterm election after his victory in the Kentucky primary on Tuesday.The contest, the most expensive primary in the history of the House of Representatives, had been widely seen as a key test of President Trump’s decade-long grip on the Republican Party.Trump repeatedly called for voters to back Gallrein over the incumbent Massie, who he described as a “major sleazebag” and “the worst Republican congressman…
President Donald Trump’s special envoy to Greenland, Jeff Landry, has begun his first visit to the Arctic island in a bid to build ties and make “friends”.”I’m here simply to build relationships, to look, to listen and to learn,” Landry said after stepping off an official US plane in Greenland’s capital Nuuk on Monday. But Landry’s visit to the territory, a semi-autonomous part of Denmark, has touched a nerve, with Greenlandic Prime Minister Jens-Frederik Nielsen reiterating his country is “not for sale” and some Greenlanders giving Landry the cold shoulder.The trip comes amid efforts to resolve a diplomatic crisis sparked…
Israeli air strikes have killed at least 19 people in southern Lebanon, the country’s health ministry has said. Ten of them, including three children and three women, were killed in a single attack that hit a house in the town of Deir Qanoun, the ministry said.Lebanon was drawn into the war on 2 March, when the Iran-backed armed Shia Islamist group Hezbollah fired rockets at Israel in retaliation for US-Israeli strikes that killed Iran’s supreme leader. The latest deaths less than a week after the US said that Lebanon and Israel had agreed to extend a ceasefire by 45 days,…
Fear has gripped Ebola-hit areas in eastern Democratic Republic of Congo as the suspected number of deaths continues to rise, as officials say they are struggling to catch up to an outbreak that may have previously been spreading undetected.”Ebola has tortured us,” says a taxi rider in his late twenties in the gold-mining town of Rwampara.”I am scared because people are dying very fast… We are really afraid.”Following a visit to Ituri province, the epicentre of the outbreak, over the weekend, Congolese Health Minister Dr Samuel Roger Kamba acknowledged health teams are playing catch-up with the virus, which may have…
The country’s biggest electricity distributor flagged the rise of ‘guerrilla installations’ and called for stricter regulations to prevent improper setups that may result in fireA village chief in the coastal town of Casiguran in Aurora province in the Philippines made an unconventional decision. Instead of building another basketball court in his village – a popular albeit unimaginative project among politicians – he invested in an 8kW solar-powered electricity station with internet connectivity.Today, the station powers Barangay Dibet’s village hall, child development center, streetlights, and serves as an emergency charging and communication center whenever typhoons and power outages hit. Village chief…
At the centre of the list is Changpeng Zhao, better known as CZ, founder of cryptocurrency exchange Binance, whose estimated wealth stands at $110 billionThe UAE is no longer just a regional business centre — it is rapidly becoming one of the world’s biggest magnets for billionaires, global investors and ultra-wealthy entrepreneurs.According to the latest ranking by Forbes Middle East, the UAE is now home to 17 billionaire residents from five different countries, with fortunes spanning industries such as cryptocurrency, retail, education, logistics, construction and real estate.At the centre of the list is Changpeng Zhao, better known as CZ, founder…
HR experts and legal professionals say approvals will depend on private-sector company policies, staffing needs and operational requirementsAs UAE residents prepare for the Eid Al Adha holidays, many private sector employees are hoping to take Monday off to turn the official six-day break into a nine-day holiday.Private sector workers are set to be off from Tuesday, May 26, to Sunday, May 31, while public sector employees will enjoy a longer nine-day break from Saturday, May 23, to Sunday, May 31, as Monday, May 25, has been included as an official Eid holiday for government staff.For many workers, the extra leave…
Dozens of suspected scammers and romance fraudsters have been arrested after specialist financial investigators uncovered organised networks of criminals operating across the UK and Nigeria.In just one of a series of raids this month, police detained a man suspected of selling personal banking information online and enabling fraud through money laundering. Two Rolex watches and £3,000 in cash were seized from his home, in the Midlands.A total of 31 arrests have now taken place in Europe and Africa as part of Operation Seraphim.BBC News has been given exclusive access to the City of London Police operation, which involves investigative work…
Friendship or geopolitics? BBC breaks down Xi and Putin relationshipThe BBC’s Laura Bicker and Steven Rosenberg explain the relationship between the Russian and Chinese leaders as the pair meet in Beijing.37 mins agoWorld