DOHA: Qatari banks face growing pressure from high exposure to the country’s sluggish real estate market, hit by oversupply tied to preparations for its 2022 World Cup, ratings agency Fitch said.The tiny but wealthy Gulf state has seen its rental prices slide by 20 percent over the past three years. Analysts expect these prices to…
BRUSSELS: European Union regulators have fined five banks a total of more than €1 billion ($1.1 billion) for allegedly colluding in the trade of large sums of foreign currency.The EU Commission said Thursday that investigators found that some bank employees in charge of spot trading in 11 currencies “exchanged sensitive information and trading plans.” They…
DOHA: Qatari banks face growing pressure from high exposure to the country’s sluggish real estate market, hit by oversupply tied to preparations for its 2022 World Cup, ratings agency Fitch said.The tiny but wealthy Gulf state has seen its rental prices slide by 20 percent over the past three years. Analysts expect these prices to…
SYDNEY: Australia’s longest-serving Labor prime minister Bob Hawke died Thursday aged 89.“Today we lost Bob Hawke, a great Australian — many would say the greatest Australian of the post-war era,” his second wife Blanche d’Alpuget said in a statement.“He died peacefully at home.”The son of a preacher, Hawke led his country during the 1980s, a…
SYDNEY: Australia’s longest-serving Labor prime minister Bob Hawke died Thursday aged 89.“Today we lost Bob Hawke, a great Australian — many would say the greatest Australian of the post-war era,” his second wife Blanche d’Alpuget said in a statement.“He died peacefully at home.”The son of a preacher, Hawke led his country during the 1980s, a…
SYDNEY: Australia’s longest-serving Labor prime minister Bob Hawke died Thursday aged 89.“Today we lost Bob Hawke, a great Australian — many would say the greatest Australian of the post-war era,” his second wife Blanche d’Alpuget said in a statement.“He died peacefully at home.”The son of a preacher, Hawke led his country during the 1980s, a…
KHARTOUM: Sudanese protesters voiced regret Thursday at an army decision to suspend crucial talks on installing civilian rule but vowed to press on with a sit-in despite being targeted in fresh violence.Army generals and protest leaders had been expected to come to an agreement on Wednesday over the make-up of a new body to govern…
GENEVA: At least 10 civilians were killed and 30 wounded in Syria by a rocket strike on the Neirab camp for Palestinian refugees close to the city of Aleppo on Tuesday night, the United Nations said in a statement on Thursday."As families gathered to break their fasts for the Ramadan Iftar meal, several rockets hit the…
CAIRO: Egypt's army on Thursday said 47 militants and five of its troops were killed as part of its military offensive in the restive Sinai Peninsula, where it is fighting Daesh.The suspected militants had "guns of different makes, ammunition, explosive devices in northern and central Sinai" in their possession, according to a slickly produced video…
JEDDAH: The Saudi Cabinet has given formal approval to the Privileged Iqama residency scheme, widely known as the Saudi “green card.” The scheme will enable expatriates to permanently reside, own property and invest their assets in the Kingdom. A special committee has been given 90 days to determine regulations governing the scheme, including fees for applicants,…
JEDDAH: The Saudi Cabinet has given formal approval to the Privileged Iqama residency scheme, widely known as the Saudi “green card.” The scheme will enable expatriates to permanently reside, own property and invest their assets in the Kingdom. A special committee has been given 90 days to determine regulations governing the scheme, including fees for applicants,…
JEDDAH: The Saudi Cabinet has given formal approval to the Privileged Iqama residency scheme, widely known as the Saudi “green card.” The scheme will enable expatriates to permanently reside, own property and invest their assets in the Kingdom. A special committee has been given 90 days to determine regulations governing the scheme, including fees for applicants,…
CANNES: Image Nation Abu Dhabi, MBC studios and Majid Al-Futtaim Ventures on Wednesday announced they will be launching a production partnership for film and TV projects across the Middle East that will greenlight several projects annually. Members of the press from around the world gathered in a hotel in Cannes on Wednesday morning as a…
SAN FRANCISCO: San Francisco supervisors voted Tuesday to ban the use of facial recognition software by police and other city departments, becoming the first US city to outlaw a rapidly developing technology that has alarmed privacy and civil liberties advocates.The ban is part of broader legislation that requires city departments to establish use policies and…
