Its boom time for private bankers as they target the rich amidst political unrest in Middle East. Banks such as UBS AG and Royal Bank of Scotland Group Plc (RBS) are targeting the rich people for wealth management operations....
Few years ago, a small rural town in Spain twinned with a similar town in Greece. The Mayor of the Greek town visited the Spanish town. When he saw the palatial mansion belonging to the Spanish mayor, he wondered...
By Gisela Perez-Mauri The United States and the European Union have called on the Syrian President to resign, after days of widespread condemnation by the UN Security Council and several Arab countries for the severe repression against civilians which is...
The growing demonstrations in Sudan should not be reduced to a mere denunciation of the government’s recently introduced economic austerity measures. The protests are also an utter and overdue rejection of Omar Al Bashir’s entire regime, which has been...
Tensions mar Kiev on the fourth day following the sudden step-up of an otherwise peaceful protestation at Independence Street, on the 18th February. Ukraine got the first hint of trouble in November 2013 when its national government refused an agreement...
For the final time as the Pentagon chief, Defense Secretary Robert Gates is headed to Asia with a message and looking to reassure allies that the United States is committed to regional security. This is despite the tightening defense...
China rejected the US sanctions as unilateral and refused to lend its support for US sanctions on Iran, and stressed both Tehran and the International Atomic Energy Agency should 'enhance co-operation'. According to state news agency Xinhua, China urged the...
Installs of pioneering App soar 1000% following recent street protests and in anticipation of more government censorship. AnchorFree, the global leader in consumer security, privacy and Internet freedom, today announced that it experienced 1000% growth in installs of its popular...
The Middle East peace process is on "pause". According to Secretary of State John Kerry, the United States was blindsided by a Palestinian deal with a militant group that led to the suspension of Mideast peace talks, putting the Mideast...
(This article was first published on http://english.alarabiya.net) Six months after the Arab Spring raised hopes of a major overhaul of the region?s political landscape, current events on the ground reflect confusion and uncertainty. While forecasting political developments is a tricky exercise,...
The United Nations (UN) General Assembly has unanimously voted Ban Ki Moon as the new secretary general, making this his second term in the office. The South Korean diplomat was elected by the 192 member body and will start...
Place London Story Saudi prince Nayef wins libel damages over alleged publication Objective Analysis of the story Saudi Arabia?s interior minister, Prince Nayef, wins damages at London's High Court for fake charges libeled against him by a newspaper ?The Independent? accusing him of ordering police...
China has condemned sanctions imposed by the US on its state firm for doing business with Iran. Washington insists Zhuhai Zhenrong Company is the largest supplier of refined petroleum products to Iran and deserves curbs. "The sanctions are 'an important...
India and the U.S. on Tuesday have vowed to deepen bilateral and multilateral engagement in order to capitalize on economic opportunities in the two countries. India?s Finance minister Pranab Mukherjee attended a meeting with US treasury secretary Timothy for...
US Vice President Joseph Biden's trip to China is a reciprocation of Chinese top leaders visit to the US, according to a White House statement. Biden will be heading to Mongolia and Japan after the trip to Beijing. Leaders...
The Palestinian Authority is set to hold local elections in the West Bank and Gaza on 20 October after a lapse of six years, the first since 2006, an official said on Tuesday. “The Palestinian government decided today during its...
Arab League officials said they will hold a fresh meeting Wednesday on Syria amid signs of cracks in the resolve of the 22-member bloc to suspend Damascus over its violent crackdown on protests. Sunday?s announcement of a new meeting came...
U.S President Barack Obama announced he is going to bring a new proposal for an economic stimulus package, in line with the package announced in 2009. The package, which would be introduced in Congress in September, aims to lower...
Since when was tax avoidance illegal? Commentary by Paul Hymers, Financial Director at Atlas Corporate Services in Dubai. Tax avoidance is always an easy target for politicians, but tax planning is essential, not just for huge multinationals, but also much...
The Tunisian government is welcome to any of its deposed dictator's assets it can find hidden in Swiss bank, Ben Ali's Beirut-based lawyer said as he announced his client's permission to Swiss authorities to transfer alleged assets to his home country. In response to...
When the 15-nation United Nations Security Council voted 10-0 in March to authorise the no-fly zone over Libya, emerging power bloc BRIC (Brazil, Russia, India and China), along with Germany, abstained. A month later, the West-led coalition that supported...
Heightened media scrutiny and investigations launched by the US State Department have revealed that Syria is using Internet filtering technology produced by Blue Coat Systems,?a California-based company, to aid its crackdown on pro-democracy activists. Syria faces an international embargo and...
With 900,000 Iraqis unemployed and a minimum of 6,000 illegal foreign workers in Iraq, the government has little sympathy for foreigners who have come here to take menial jobs as housekeepers or restaurant workers. And authorities say immigrants are...

IMF Seat Beckons

Christine Lagarde, the French Finance Minister is expected to be chosen as the new leader of the International Monetary Fund (IMF). According to media reports, Lagarde has widespread support in Europe and from the Middle East. If Lagarde gets the...
(This article was first published on?http://english.alarabiya.net) Asia?s growth rate has signalled the shift in the balance of economic power from West to East. But, while the discourse on Asia?s economic power translating into political and military power is yet to...
Everyone knows not to play with fire. In Tehran, it seems, even playing with water can cause problems. This was the ?lesson' that several Iranian youngsters learned the hard way when arrested last month by security forces for taking...
Several protestors of the 'Occupy Providence' movement closed their accounts with Bank of America as part of their protest against a new fees announced by the bank. Trish Phelan, an Occupy Providence protester who closed her account, said the...
In another embarrassing revelation on how Western corporations prior to the Arab Spring uprising in Libya collaborated with the Gaddafi regime, the Wall Street Journal exposes how these firms, as well as a South African and Chinese company, were...
In the last few weeks our rather mild mannered PM seemed to lash out in a personal attack. It was veiled under the garb of moral outrage but it was a personal attack nevertheless. PM David Cameron took umbrage...
China seems to have been the most brazenly vocal critic of the US government?s inability to control its skyrocketing debt, going as far as to accuse Americans of ?living out of their means? and harboring a ?debt addiction?. Such...