RABAT: Three years after it was liquidated for racking up billions of euros worth of debt, Morocco’s sole oil refinery and the one-time economic flagship is struggling to attract a buyer and survive.A self-declared “national front” — comprising employees, economists and union leaders — is leading the charge to salvage refining company SAMIR, while a…
DUBAI: Middle Eastern stock markets fell on Sunday, as political tensions ramped up after US President Donald Trump announced new sanctions on Iran. Trump on Saturday said additional sanctions would be imposed on Monday but that he wanted to make a deal to bolster Iran’s flagging economy, an apparent move to defuse tensions following the shooting…
RABAT: Three years after it was liquidated for racking up billions of euros worth of debt, Morocco’s sole oil refinery and the one-time economic flagship is struggling to attract a buyer and survive.A self-declared “national front” — comprising employees, economists and union leaders — is leading the charge to salvage refining company SAMIR, while a…
PRAGUE: Huge crowds flooded central Prague on Sunday demanding Prime Minister Andrej Babis step down over allegations of graft in a protest that organizers and local media claim drew around 250,000 people, making it the largest since the fall of communism in 1989.The 64-year-old billionaire was charged last year in connection with a two million…
SEOUL: The leaders of the US and North Korea have exchanged personal letters despite a year-long stalemate in efforts to rid the North of nuclear weapons, raising cautious hope of a third encounter on denuclearization. According to the Korean Central News Agency, President Donald Trump sent his North Korean counterpart Kim Jong Un a letter on…
SEOUL: The leaders of the US and North Korea have exchanged personal letters despite a year-long stalemate in efforts to rid the North of nuclear weapons, raising cautious hope of a third encounter on denuclearization. According to the Korean Central News Agency, President Donald Trump sent his North Korean counterpart Kim Jong Un a letter on…
ANKARA: In the re-run of the Istanbul mayoral elections on Sunday, residents of Istanbul once again voted for the opposition candidate Ekrem Imamoglu, who achieved a clear victory over his rival, Binali Yildirim, by about 54 percent of votes to 45 percent, a margin of 9 percentage points. This was not the first time Imamoglu, a…
AMMAN: While Jordan witnessed a number of protest rallies in opposition to the Bahrain Prosperity to Peace workshop, political pundits were divided over their government’s decision on Saturday to participate with a low-level delegation headed by the director-general of the Ministry of Finance. Adnan Abu Odeh, a former adviser to King Hussein and King Abdullah, told…
ANKARA: In the re-run of the Istanbul mayoral elections on Sunday, residents of Istanbul once again voted for the opposition candidate Ekrem Imamoglu, who achieved a clear victory over his rival, Binali Yildirim, by about 54 percent of votes to 45 percent, a margin of 9 percentage points. This was not the first time Imamoglu, a…
RIYADH: Today is the first anniversary of the female driving ban being lifted in Saudi Arabia, and many women are celebrating this day by talking about their journey, their moments of joy and what has changed since they started their engines. Today in the streets of Riyadh or Jeddah or Dammam, you will find that many…
How Malika Favre’s Arab News cover image of a woman driving made its mark in Saudi Arabia JEDDAH/RIYADH: An image by French artist Malika Favre, marking the day that women were allowed to drive in Saudi Arabia for the first time, has been formally recognised with a slew of awards after it became something of…
How Malika Favre’s Arab News cover image of a woman driving made its mark in Saudi Arabia JEDDAH/RIYADH: An image by French artist Malika Favre, marking the day that women were allowed to drive in Saudi Arabia for the first time, has been formally recognised with a slew of awards after it became something of…
DUBAI: Trading places with the object of your envy is not always what it seems. Expatriates often live in bubbles, either because they cannot or will not make the effort to integrate, or because when they do, they feel locked out by local communities with established social networks. As a result, both groups can live very…
RIYADH: Crash Bandicoot fans, it’s time to get back in the kart. “Crash Team Racing: Nitro Fueled” (CTR) released worldwide on Friday, available on the PlayStation 4, Xbox One and Nintendo Switch. The new CTR is a revitalized version of the 1999 classic, developed by Naughty Dog for the PlayStation. The original was an immediate…
FIFA pushes Iran to allow female football fans back into stadiums for World Cup qualifiers PARIS: FIFA president Gianni Infantino has put pressure on Iran in an attempt to ensure that the country will allow female football fans to attend matches in the qualifiers for the 2022 World Cup, according to a letter sent to…
CAIRO: All eyes will be on Mohamed Salah on Friday as the Egypt star looks to help the Africa Cup of Nations hosts launch their bid for a record-extending eighth title in style against Zimbabwe in the opening match of a tournament expanded to 24 teams for the first time. After avenging last year’s Champions League…
NEW YORK: Canada’s basketball celebration keeps on going.Six Canadians were drafted Thursday night, setting the record for a country other than the US.A week after the Toronto Raptors won the nation’s first NBA championship, Canadians RJ Barrett, Nickeil Alexander-Walker, Brandon Clarke, Mfiondu Kabengele, Ignas Brazdeikis and Marial Shayok were drafted.“It’s amazing to be Canadian,” said…
SHANGHAI: Instead of waging a trade war with China, the United States should drop its win-at-all-costs mentality and consider the interests of its own people as well as the global community, the official People’s Daily said an editorial on Saturday.The Chinese Communist Party’s newspaper urged the United States to cancel all tariffs on Chinese goods,…
SHANGHAI: Instead of waging a trade war with China, the United States should drop its win-at-all-costs mentality and consider the interests of its own people as well as the global community, the official People’s Daily said an editorial on Saturday.The Chinese Communist Party’s newspaper urged the United States to cancel all tariffs on Chinese goods,…
LONDON: Britain’s financial watchdog has fined Lloyds Banking Group $57.69 million (£45.5 million) for failures at its HBOS Reading unit to disclose suspicions of fraud.Halifax Bank of Scotland (HBOS) was involved in one of Britain’s biggest ever banking frauds in the early 2000s, which saw some of its bankers enrich themselves at the expense of…
