DUBAI: Etihad Rail, the developer and operator of the United Arab Emirates’ national rail network, is expected to approach banks for about $2 billion to help finance the expansion of the network, banking sources familiar with the matter said. The UAE, which launched the first phase of its rail project in 2016, plans to have a…
SYDNEY: Oil prices fell more than 0.5 percent on Thursday, weighed down by data showing a smaller-than-expected decline in US crude stockpiles and worries about the global economy.Front-month Brent crude futures, the international benchmark for oil prices, were down 1 percent at $63.21 per barrel by 0538 GMT. Brent closed up 2.3 percent on Wednesday.US…
ISLAMABAD: The International Monetary Fund Executive board approved a three-year, $6 billion loan package for Pakistan on Wednesday to rein in mounting debts and stave off a looming balance of payments crisis, in exchange for tough austerity measures.Board approval will allow immediate disbursement of around $1 billion, with the remainder to be phased in over…
ISLAMABAD: Pakistan’s Prime Minister Imran Khan will meet with US President Donald Trump in Washington on July 22. The Pakistani Foreign Office announced the meeting on Thursday during its weekly press briefing adding that the “focus will be to refresh the bilateral relationship.” “The agenda of the meeting is being developed through diplomatic channels and a…
TAIPEI: Taiwan’s parliament has voted to tighten a law governing links with China, effectively barring many of its former top ministers and retired generals from attending Chinese government ceremonies.Ties between China and Taiwan are frosty, with the mainland cutting off communications with the island’s government after the election of Beijing-skeptic President Tsai Ing-wen three years…
MOGADISHU, Somalia: Somalia’s government announced it is cutting diplomatic ties with Guinea, accusing the West African country of violating its sovereignty.The decision came after the president of the breakaway northern territory of Somaliland received a red carpet welcome in Guinea’s capital, Conakry, earlier this week.Somalia’s foreign minister Ahmed Awad announced the action against Guinea on…
AMMAN: Palestinians welcomed the initiative made by Japan’s Foreign Minister Taro Kono in the exclusive interview he gave to Arab News about his country’s interest playing the role of an “honest broker” in helping to resolve the Palestinian-Israeli conflict. Saeb Erekat, the secretary of the executive committee of the PLO, told Arab News that Japan…
TUNIS: The death toll from twin suicide bombings that rocked the Tunisian capital last week has risen to two after a civilian died of his injuries, the interior ministry said Thursday.A policeman was killed on the spot when one of the bombers blew himself up as a police vehicle passed on the capital’s main throughfare.Among…
PARIS: The UN's special envoy on migration in the Mediterranean, Vincent Cochetel, has accused the EU of "blindness" on the plight of refugees and migrants in Libya and called for a rethink of the policy of returning migrants intercepted at sea to the war-torn country after Tuesday night's airstrike on a migrant detention center outside Tripoli…
DUBAI: The proportion of women in the Saudi Industrial Development Fund workforce has increased from none to 13 percent in the past two years, the assistant director general for strategic planning and business development said on Wednesday. The fund hired women in various positions, including as directors and managers, and across different organizations. “We are…
Gloves off as world champion boxer Amir Khan dreams of ‘more fights in Saudi Arabia’ JEDDAH: Two-time boxing world champion Amir Khan told a Jeddah audience that he dreams to have “many more fights in Saudi Arabia.” “I have options to fight in America, England and Europe, but I came to Saudi because I know…
DUBAI: The proportion of women in the Saudi Industrial Development Fund workforce has increased from none to 13 percent in the past two years, the assistant director general for strategic planning and business development said on Wednesday. The fund hired women in various positions, including as directors and managers, and across different organizations. “We are…
DUBAI: British-Moroccan model Nora Attal is racing from show-to-show at Paris Couture Week and has walked the runway for an enviable list of luxury labels over the past few days. Attal took to the Dior runway in a fantastical ensemble by the French fashion house on Monday, showing off a leather dress with cutouts and…
DUBAI: British-Moroccan model Nora Attal is racing from show-to-show at Paris Couture Week and has walked the runway for an enviable list of luxury labels over the past few days. Attal took to the Dior runway in a fantastical ensemble by the French fashion house on Monday, showing off a leather dress with cutouts and…
DUBAI: British-Moroccan model Nora Attal is racing from show-to-show at Paris Couture Week and has walked the runway for an enviable list of luxury labels over the past few days. Attal took to the Dior runway in a fantastical ensemble by the French fashion house on Monday, showing off a leather dress with cutouts and…
RAMALLAH, Palestinian Territories: The final of the Palestine Cup has been postponed after Israel denied Gaza-based players permits to travel, the Palestinian Football Association said on Wednesday.The second leg of the final between Balata FC and Khadamat Rafah, the winners of the West Bank and Gaza leagues respectively, was due to take place on Wednesday,…
CHESTER-LE-STREET, United Kingdom: Jonny Bairstow’s second successive hundred laid the foundation for England’s 119-run thrashing of New Zealand that saw the tournament hosts secure their place in the semifinals of the World Cup on Wednesday.It is the first time England have reached this stage since 1992, when they made the last of their three losing…
BELO HORIZONTE, Brazil: Another elimination for Argentina, another missed opportunity for Lionel Messi to succeed with the national team.Messi’s streak without a title with Argentina has been extended after a 2-0 loss to Brazil in the semifinals of the Copa América on Tuesday.Argentina’s senior squad hasn’t won a title in 26 years, with the last…
Hong Kong regulator bans former Goldman banker Tim Leissner for life over 1MDB scandal HONG KONG: Hong Kong’s financial regulator has banned former Goldman Sachs banker Tim Leissner from re-entering the industry for life for his crimes linked to the multi-billion-dollar scandal at the Malaysian state investment fund 1MDB.The sanction is latest for Leissner who…
Hong Kong regulator bans former Goldman banker Tim Leissner for life over 1MDB scandal HONG KONG: Hong Kong’s financial regulator has banned former Goldman Sachs banker Tim Leissner from re-entering the industry for life for his crimes linked to the multi-billion-dollar scandal at the Malaysian state investment fund 1MDB.The sanction is latest for Leissner who…
