Saudi would back bids for Man Utd, Liverpool, says sports minister
Saudi Arabia would back private bids for Manchester United or Liverpool, its sports minister said, adding the kingdom was keen...
Geostrategy
US wholesale price inflation slows in October
US wholesale prices continued to rise in October but at a slower pace than in the prior month, according to...
Economy
Careem launches luxury car ride-hailing Bahrain-Saudi Arabia service
Bahrain residents can book the one-way luxury car ride to Saudi Arabian cities such as Dammam, Khobar, Dhahran, Jubail, Buqaiq,...
Versace opens new boutique at Galleria Al Maryah Island
Versace has opened a boutique at the Galleria Al Maryah Island, where it will showcase the Pre-Fall 2021 collection
Diyar Al Muharraq starts training for engineering students in Bahrain
Real-estate development company Diyar Al Muharraq has launched a training program for engineering in Bahrain
Dubai Customs, DP World to launch automation at Jebel Ali Port
The new system will speed up the refund process as customers can now submit refund claims immediately after loading vessels’...
UAE Central Bank unveils norms for retail payment services
The Central Bank of the United Arab Emirates (CBUAE) has unveiled the Retail Payment Services and Card Schemes Regulation.
Wealthy nations cancel Sudan debt worth $14 billion
The remaining of the total $23.5 billion debt will be rescheduled and will likely be canceled in the future, says...
Iran sends team to southwest to tackle water shortages
This month, power generation impacted by drought results in rolling blackouts in the capital Tehran and other large cities
Saudi ports see 1.83% increase in cargo handling
Saudi ports saw an increase in the total number of handled cargo as well as passengers during June 2021
ENOC’s world-first eLink Station: can be relocated, saves space and time
The eLink Station is fully sustainable and includes vapour recovery systems to reduce emissions while loading from storage tanks. It...
Inflation delays start of Turkey’s rate cuts
Turkey's central bank has left its policy rate unchanged for the fourth month running as a spike in inflation to...
Saudi would back bids for Man Utd, Liverpool, says sports minister
Saudi Arabia would back private bids for Manchester United or Liverpool, its sports minister said, adding the kingdom was keen...
Geostrategy
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Russia suspends participation in Ukraine grain deal
Russia suspended its participation in a pact that allowed grain exports from Ukraine, blaming alleged drone attacks on Russian ships...
Geostrategy
Pound sinks against dollar on UK political uncertainty
The British pound sank against the dollar on political uncertainty after the resignation of UK Prime Minister Liz Truss, while...
Market Report
Australia strikes down recognition of Jerusalem as Israeli capital
Striking down the previous government's decision to recognize West Jerusalem as Israel's capital, Australia has said the city's status should...
Geostrategy
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Geostrategy
New Kuwaiti government sworn in after political crisis
Kuwait's crown prince swore in a new government, less than a month after the emirate held parliamentary elections in which...
- The new government team, led by Prime Minister Sheikh Ahmed Nawaf al-Ahmed Al-Sabah comes after lawmakers objected to an initial line-up in early October.
- The new government will be tasked with dealing with "priority issues" such as development, investments and the fight against corruption.
Geostrategy
Will immediately respond to new EU sanctions, says Iran
Iran vowed an "immediate" response to the European Union as it prepares new sanctions on the Islamic republic after over...
- Iran will "decide and act immediately in accordance with the decisions and actions" taken by EU member countries.
- Iran has been rocked by demonstrations since the death of 22-year-old Amini and a crackdown on protesters.
Economy
Sterling rises with UK finance minister set to unveil spending plans
Jeremy Hunt was put in place on Friday after Prime Minister Liz Truss sacked Kwasi Kwarteng as she battles to...
- The pound held above $1.12, having sunk Friday owing to the uncertainty in Westminster, while a news conference by Truss did very little to reassure nervous investors
- Bonds also rallied on the first day without the Bank of England support put in place in response to turmoil caused by Kwarteng's mini-budget