January 22, 2017
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January 21, 2017

The Egyptian army has destroyed three tunnels between the Gaza Strip and the Egyptian-controlled Sinai desert, military spokesman Colonel Tamer Al-Refae said yesterday.

In statements about the efforts of Egyptian border guards against “criminal gangs, smugglers and drug dealers,” Al-Refae noted that three tunnels were discovered and destroyed by the Egyptian army.

He"...

 

January 22, 2017

The UAE continued to be one of the largest sources of cash remittances to the Philippines, with the amount of funds transferred posting a 6.8 per cent increase in 2016.

From January to November 2016, Filipino expatriates sent home a total of $1.9 billion (Dh6.9 billion), making the UAE the second top source country for money transfers from the Gulf Cooperation Council (GCC) region.

The UAE is a major destination for migrant workers from the Philipines, estimated to be more than 500,000 as of 2014.

 
 
January 22, 2017

The state has reportedly granted two Israeli banks immunity from lawsuits accusing them of financing terrorism, in a bid to prevent them from ending cooperation with Palestinian banks.

According to a report Sunday in the Haaretz daily, the unusual decision was taken by the cabinet last week out of concern that if Israeli banks end the crucial financial services they supply to their Palestinian counterparts, it could lead to the collapse of the Palestinian banking system and even the Palestinian Authority.

The"...

 
 
January 22, 2017
With Israel reviewing and accepting bids on 24 new exploration blocks in offshore oil and gas deposits, the Ministry of Defense is investing in new warships and defense systems to defend rigs.
Israel is boosting spending on its navy to better protect offshore oil and gas deposits and secure a large maritime zone that abuts that of its neighbor and enemy, Lebanon.

In 2013, the navy asked for an increase of $700 million in its budget to build up its systems and $100 million annually to maintain them, though the defense ministry"......

 
 
January 22, 2017

ZAIN Saudi Arabia reported an 8% increase in revenues to reach SR1,801 million in Q4 2016, up from SR1,672 million a year earlier. Revenues for the twelve-months of 2016 grew by 3% reaching SR6,927 million, up from SR6,741 million for the same period in 2015.

Gross profits for Q4 2016 reached SR1,142 million, up 7% compared to SR1,065 million in Q4 2015, and up 8% compared to SR1,061 million in Q3 2016. The company reported steady gross margin at 63% compared to 64% during Q4 2015, whilst gross profits during the twelve-month period reached a record SR4,401 million"...

 
 
January 22, 2017
Israeli authorities have given final approval to allow 1,500 families in the Gaza Strip to rebuild their houses that were destroyed during the last Israeli military offensive on the besieged coastal enclave in the summer of 2014, in accordance with the Robert Serry Plan, according to Gaza's Ministry of Public Works.Undersecretary of the ministry Naji Sarhan told Ma'an Saturday that the Israeli approval came after intervention of the Palestinian Authority's"...

 
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