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Saudi’s Falih says he sees no oil shortage, but OPEC to act if needed

JEDDAH: Saudi Arabia's Energy Minister Khalid al-Falih said on Saturday that he saw no oil supply shortage as global oil inventories are still rising, particularly from the United States, but OPEC will be responsive to the oil market's needs. Speaking in Jeddah ahead of a ministerial panel gathering on Sunday of top OPEC and non-OPEC…

Indebted Lebanon may struggle to refinance as austerity budget stalls
Business

Indebted Lebanon may struggle to refinance as austerity budget stalls

JEDDAH: Saudi Arabia's Energy Minister Khalid al-Falih said on Saturday that he saw no oil supply shortage as global oil inventories are still rising, particularly from the United States, but OPEC will be responsive to the oil market's needs. Speaking in Jeddah ahead of a ministerial panel gathering on Sunday of top OPEC and non-OPEC…

London marine insurers widen Middle East threat zone after ship attacks
Business

London marine insurers widen Middle East threat zone after ship attacks

LONDON: Lebanon’s impasse in agreeing a credible fiscal reform plan and deteriorating global market conditions means it may struggle to refinance key foreign currency debts coming due this year, unnerving overseas investors.Outright default can likely be averted in the short-term by a government financing maneuver involving the central bank and local banks, the main holders…

Queen Elizabeth II attends yet another wedding at Windsor
World

Queen Elizabeth II attends yet another wedding at Windsor

COX’S BAZAR: Bangladesh authorities prevented 84 Rohingya refugees from Myanmar from attempting a perilous boat journey to Malaysia, officials said Saturday.Police in Pekua said 67 Rohingya Muslims from Kutupalong — the largest refugee settlement in the world — were stopped as they waited to board a fishing trawler.They included 31 women and 15 children.On Saint…

Bangladesh stops 84 Rohingyas from perilous sea journey
World

Bangladesh stops 84 Rohingyas from perilous sea journey

MULLAITTIVU, Sri Lanka: Still reeling from the Easter terror attacks, Sri Lanka commemorates this weekend 10 years since the end of a bloody civil war that killed at least 100,000 people, from which the scars are still not healed.Security was tight in the north of the island, home to Sri Lanka’s minority Tamils, ahead of…

Sri Lanka marks war anniversary with thousands still missing
World

Sri Lanka marks war anniversary with thousands still missing

MULLAITTIVU, Sri Lanka: Still reeling from the Easter terror attacks, Sri Lanka commemorates this weekend 10 years since the end of a bloody civil war that killed at least 100,000 people, from which the scars are still not healed.Security was tight in the north of the island, home to Sri Lanka’s minority Tamils, ahead of…

Libya’s NOC chief says instability could lead to 95% oil production loss
Middle East

Libya’s NOC chief says instability could lead to 95% oil production loss

JEDDAH: Libya's National Oil Corporation (NOC) chief said on Saturday continued instability in Libya could make it lose 95% of its oil production. "Unfortunately if the situation will continue like this I’m afraid that maybe 95% of production will be lost," Mustafa Sanalla told reporters in Jeddah ahead of a ministerial panel gathering on Sunday…

Iraqi Airways flights to Damascus postponed indefinitely
Middle East

Iraqi Airways flights to Damascus postponed indefinitely

Yemeni national army recaptured a key district from the Houthi militia in the southern province of Dhale, the official site of the Defence Ministry reported on Friday. With the support of the Security Belt forces, the army liberated several villages in the province, including the key district of Qataba. Lt. Col. Abdo Ali Al-Qadi, an…

Yemen army retakes key district from Houthis
Middle East

Yemen army retakes key district from Houthis

Yemeni national army recaptured a key district from the Houthi militia in the southern province of Dhale, the official site of the Defence Ministry reported on Friday. With the support of the Security Belt forces, the army liberated several villages in the province, including the key district of Qataba. Lt. Col. Abdo Ali Al-Qadi, an…

Construction work for Madinah Peace Museum inaugurated
Saudi Arabia

Construction work for Madinah Peace Museum inaugurated

JEDDAH: The United States is planning to deploy military forces in the waters of the Arabian Gulf and in a number of Gulf Cooperation Council countries, according to media reports in the region last night. The request from Washington was approved by a number of GCC nations, including Saudi Arabia, according to a report by Al-Sharq…

Gulf nations ‘approve US request to deploy troops in the Gulf’
Saudi Arabia

Gulf nations ‘approve US request to deploy troops in the Gulf’

RIYADH: As the world marks International Museum Day on Saturday, Saudi Arabia is getting one of its national treasures in Ad Diriyah ready for opening to the public at the beginning of 2020.Arab News obtained a sneak peek at the historical gem, Salwa Palace — the original home of the Al-Saud royal family — located…

EU adopts powers to respond to cyberattacks
Lifestyle

EU adopts powers to respond to cyberattacks

BRUSSELS: The European Union on Friday adopted powers to punish those outside the bloc who launch cyberattacks that cripple hospitals and banks, sway elections and steal company secrets or funds.EU ministers meeting in Brussels said the 28-nation group would now, for the first time, be able to impose asset freezes and travel bans on individuals,…

What We’re Watching Today: The Umbrella Academy
Lifestyle

What We’re Watching Today: The Umbrella Academy

JEDDAH: Forty-three babies are born on the same day in 1989, each of them with a different superpower. Seven of the infants are adopted by an eccentric billionaire, who emotionally abuses them and bends them to his will, shaping them into a team of heroes known as the Umbrella Academy. Fast forward to the present…

Afghan film body gets its first female boss
Lifestyle

Afghan film body gets its first female boss

KABUL: Sahraa Karimi made headlines with her critically acclaimed documentary “Women Behind the Wheel.” She is back in the driving seat — as the first female boss of a state-run film body that has been led by men since its establishment in 1968. Karimi, 36, was the only woman to apply for the director-general role…

Warriors rally from 15 down at halftime, hold off Blazers
Sport

Warriors rally from 15 down at halftime, hold off Blazers

ROME: Australian firebrand Nick Kyrgios was disqualified from the Italian Open after an expletive-laden rant on Thursday as defending champion Rafael Nadal swept into the third round along with top seed Novak Djokovic and Roger Federer.Kyrgios grabbed the headlines when he suffered a spectacular meltdown on Court Three against Norwegian qualifier Casper Ruud.The controversial 24-year-old,…

Kyrgios disqualified as Federer, Nadal, Djokovic advance in Italian Open
Sport

Kyrgios disqualified as Federer, Nadal, Djokovic advance in Italian Open

ROME: Australian firebrand Nick Kyrgios was disqualified from the Italian Open after an expletive-laden rant on Thursday as defending champion Rafael Nadal swept into the third round along with top seed Novak Djokovic and Roger Federer.Kyrgios grabbed the headlines when he suffered a spectacular meltdown on Court Three against Norwegian qualifier Casper Ruud.The controversial 24-year-old,…

Robben, Ribery set for bench in Bayern farewell
Sport

Robben, Ribery set for bench in Bayern farewell

BERLIN: Bayern Munich coach Niko Kovac has hinted that departing veterans Arjen Robben and Franck Ribery will not be in the starting 11 for their final Bundesliga appearance against Eintracht Frankfurt on Saturday.Bayern need to avoid defeat against Frankfurt if they are to secure a seventh successive Bundesliga title, and Kovac suggested on Thursday that…

Boeing completes 737 MAX software update, works on pilot training plan
Business

Boeing completes 737 MAX software update, works on pilot training plan

LONDON: Amazon has led a funding round in British online food delivery company Deliveroo, pitting itself against Uber Eats and other smaller providers in an escalating battle to deliver takeaway meals.The news that the world’s biggest online retailer had taken a stake in one of Europe’s fastest growing tech companies sent shockwaves through the sector,…

Amazon squares up to Uber with backing for UK food app Deliveroo
Business

Amazon squares up to Uber with backing for UK food app Deliveroo

LONDON: Amazon has led a funding round in British online food delivery company Deliveroo, pitting itself against Uber Eats and other smaller providers in an escalating battle to deliver takeaway meals.The news that the world’s biggest online retailer had taken a stake in one of Europe’s fastest growing tech companies sent shockwaves through the sector,…

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