Kuwait City: Kuwaiti security authorities had arrested a terrorist cell linked to the Muslim Brotherhood wanted in Egypt to serve jail sentences on terrorism-related charges, the Interior Ministry said on Friday. ### Members of the group had fled from Egypt to Kuwait, but were arrested in different places in the country. ### They admitted in…
Dubai: A delegation from Sharjah Public Library (SPL), a subsidiary of Sharjah Book Authority (SBA), visited five major libraries in Singapore this week as part of a four-day tour. The tour marked SPL’s participation in a benchmarking study of the public libraries in the island state. The programme gave the team an opportunity to observe…
Abu Dhabi: When Emirati national Hassan Al Najjar beat intestine cancer back in 2016 he expected a warm welcome when he returned to his office — a bank at which he was a top-performing employee — but instead of being congratulated on his recovery he was asked to produce his medical documents to prove that…
Dubai: Decline in real estate valuations over the past year has raised some concerns about the asset quality of banks’ exposure to both real estate and construction sectors. However, the latest stress test of banks by the Central Bank of UAE has shown the asset quality of the commercial and residential real estate loans remained…
New York: Federal Reserve Chairman Jerome Powell suggested that the central bank has room to ease monetary policy as the tie between the inflation and jobless rates has broken down. ### “The relationship between unemployment and inflation became weak” about twenty years ago, Powell told the Senate Banking Committee Thursday. “It’s become weaker and weaker…