Browsed by
Author: admin

Reforms boost foreign direct investment into Gulf countries

Reforms boost foreign direct investment into Gulf countries

FDI into the region, which controls over 60 per cent of the world’s recoverable oil deposits, totalled around $438.5 billion during 2005-10, compared with only 67.2 billion during 1999-2004 .. FOREIGN direct investments (FDI) into the Gulf countries are on the rise. Reforms carried out by several Arab countries boosted FDI into the region by nearly seven times during 2005-10, but many of them still have investment barriers. FDI into the region, which controls over 60 per cent of the…

Read More Read More

Appeal Won’t Interrupt Nepali ‘Slavery’ Case

Appeal Won’t Interrupt Nepali ‘Slavery’ Case

A contractor accused of trafficking Nepali laborers into Iraq to staff Al Asad Air Base cannot seek an interim appeal, a federal judge ruled. In a 2008 federal RICO complaint, Nepali families claimed that U.S. military contractors duped 13 men into indentured servitude in Iraq. With promises of a $500 monthly salary, many of the men believed they would be working at a luxury hotel in Jordan. But they later learned that they were actually on their way to Al…

Read More Read More

UAE residents warned against venturing into the sea

UAE residents warned against venturing into the sea

Al Ain: Strong winds have been triggering high waves offshore on Sunday as the national weather bureau has repeated its weather alert for UAE residents, asking people to stay away from the sea. The country has been hit by strong northwesterly winds, blowing at 70km/h at times. Wind has also been kicking up dust and sand, reducing vicibity in some areas of the country. The National Centre of Meteorology and Seismology (NCMS) said some 13-feet high waves were hitting the…

Read More Read More

Iraq wants to limit private security contractors

Iraq wants to limit private security contractors

Iraq deeply mistrusts private security companies and wants to limit their operations here, officials say, while the contractors themselves have faced bureaucratic delays and detentions. This mistrust stems from perceived arrogant behavior by employees of these firms in the past and various incidents of violence involving them. The most infamous incident was the 2007 killing of at least 14 civilians in Baghdad’s Nisur Square by gunmen from the Blackwater firm guarding a US embassy convoy. While Blackwater, now called ACADEMI,…

Read More Read More