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Carlyle to buy up to $4.8bn stake in Cepsa from Abu Dhabi’s Mubadala

RIYADH: Saudi Aramco’s crucial bond issue, set to close on Wednesday, has already attracted higher-than-expected interest from international investors, the Kingdom’s energy minister, Khalid Al-Falih, has revealed.Speaking on Monday at the inaugural Saudi Energy Forum in Riyadh, organized by information consultancy Gulf Intelligence, Al-Falih said that the issue attracted demand “north of $30 billion.”The minister,…

Saudi Aramco bond issue attracts ‘north of $30bn’
Business

Saudi Aramco bond issue attracts ‘north of $30bn’

RIYADH: Saudi Aramco’s crucial bond issue, set to close on Wednesday, has already attracted higher-than-expected interest from international investors, the Kingdom’s energy minister, Khalid Al-Falih, has revealed.Speaking on Monday at the inaugural Saudi Energy Forum in Riyadh, organized by information consultancy Gulf Intelligence, Al-Falih said that the issue attracted demand “north of $30 billion.”The minister,…

Lebanon approves plan to reform ailing electricity sector
Business

Lebanon approves plan to reform ailing electricity sector

BEIRUT: The Lebanese government on Monday approved a plan to reform its electricity sector, vowing to provide power 24 hours a day from a grid notorious for blackouts.The decision is the most significant by the cabinet since it was formed in late January and is a step toward unlocking billions in aid pledged to Lebanon…

British MPs pass law to block no-deal Brexit
World

British MPs pass law to block no-deal Brexit

WEST PALM BEACH, Florida: A Chinese woman recently arrested at President Donald Trump’s Mar-a-Lago club lied repeatedly to Secret Service agents while carrying computer malware unlike anything a government analyst had ever seen and had more than $8,000 in cash at her hotel room, along with an electronic device that detects hidden cameras, federal authorities…

Mar-a-Lago infiltrator had hidden-camera detector: Attorney
World

Mar-a-Lago infiltrator had hidden-camera detector: Attorney

WEST PALM BEACH, Florida: A Chinese woman recently arrested at President Donald Trump’s Mar-a-Lago club lied repeatedly to Secret Service agents while carrying computer malware unlike anything a government analyst had ever seen and had more than $8,000 in cash at her hotel room, along with an electronic device that detects hidden cameras, federal authorities…

Actress Felicity Huffman pleads guilty in college admissions scandal
World

Actress Felicity Huffman pleads guilty in college admissions scandal

NEW YORK: Actress Felicity Huffman and a dozen other parents agreed on Monday to plead guilty to using bribery to get their children into prestigious universities.Huffman, 56, best known for her role in the “Desperate Housewives” series, agreed to plead guilty to paying $15,000 to help her eldest daughter get better scores on the SAT…

Iranian resistance: Terrorist designation of IRGC ‘long overdue’
Middle East

Iranian resistance: Terrorist designation of IRGC ‘long overdue’

JEDDAH: Washington's blacklisting of Iran's notorious Islamic Revolutionary Guard Corps (IRGC) is "an urgent and necessary step to end war and terrorism throughout the region and the world," the Iranian resistance said on Monday. "This action, which was long overdue, should now be completed by designating the Iranian regime’s Ministry of Intelligence and Security (MOIS),”…

UN chief calls for immediate halt to Libya fighting
Middle East

UN chief calls for immediate halt to Libya fighting

UNITED NATIONS, United States: UN Secretary-General Antonio Guterres on Monday strongly condemned the military escalation near Tripoli and called for an immediate halt to the fighting in Libya.The appeal followed an air attack by the forces of commander Khalifa Haftar on the Mitiga airport east of the capital.Guterres “urges the immediate halt of all military…

Algeria lawmakers to meet Tuesday to name interim president
Middle East

Algeria lawmakers to meet Tuesday to name interim president

ALGIERS: Algeria’s Parliament is set to meet Tuesday to name an interim successor to President Abdelaziz Bouteflika, state media reported, after mass protests pushed the ailing leader from power. “It was decided to hold a meeting of the two chambers of Parliament on Tuesday,” the upper house of Parliament said Saturday in a statement carried…

SR1.6 million allocated for Saudi farmers to go organic
Saudi Arabia

SR1.6 million allocated for Saudi farmers to go organic

RIYADH: Saudi Arabia attaches great importance to combating financial crime, Adel Al-Qulish, vice chairman of the Anti-Money Laundering Permanent Committee told a workshop organized in cooperation with the International Monetary Fund (IMF) in Riyadh on Sunday. Money laundering, terrorism funding and arms proliferation were a particular priority, he said. The Kingdom was building its capacity…

Saudi Arabia makes war on money laundering, terror funding a top priority
Saudi Arabia

Saudi Arabia makes war on money laundering, terror funding a top priority

RIYADH: Saudi Arabia attaches great importance to combating financial crime, Adel Al-Qulish, vice chairman of the Anti-Money Laundering Permanent Committee told a workshop organized in cooperation with the International Monetary Fund (IMF) in Riyadh on Sunday. Money laundering, terrorism funding and arms proliferation were a particular priority, he said. The Kingdom was building its capacity…

Saudi tourism authority seeks to boost number of Saudis in tourism sector
Saudi Arabia

Saudi tourism authority seeks to boost number of Saudis in tourism sector

TAIF: The Saudi Commission for Tourism and National Heritage (SCTH), represented by the National Center for Human Resources Development (Takamul), participated in the third employment forum organized by the Technical and Vocational Training Corporation in Taif.“Our objective is to raise the number of Saudi nationals in tourism, and to raise local public awareness about the…

On Washington DC’s Hidden Islamic Trail
Lifestyle

On Washington DC’s Hidden Islamic Trail

LONDON: The ‘David’-like physiology and ‘Nike’ wings were Greco-Roman, but his turban, beard and ‘semitic’ face, were unmistakably of the East. He sat majestically with one arm under his chin and his right foot atop a distilling retort. “Those figures represent the building blocks of Western civilization. There’s Spain, England, the Middle Ages, even Islam…

Gigi Hadid tears up while championing Rohingya women
Lifestyle

Gigi Hadid tears up while championing Rohingya women

LONDON: The ‘David’-like physiology and ‘Nike’ wings were Greco-Roman, but his turban, beard and ‘semitic’ face, were unmistakably of the East. He sat majestically with one arm under his chin and his right foot atop a distilling retort. “Those figures represent the building blocks of Western civilization. There’s Spain, England, the Middle Ages, even Islam…

Madison Keys downs Wozniacki to claim Charleston crown
Sport

Madison Keys downs Wozniacki to claim Charleston crown

LONDON: Gerard Deulofeu starred for Watford as they roared back from two goals down on Sunday to beat Wolves 3-2 and set up an FA Cup final against Manchester City.Javi Gracia's side looked down and out late in the game before a moment of magic from substitute Deulofeu and a last-gasp penalty from Troy Deeney…

Watford stun Wolves to reach FA Cup final
Sport

Watford stun Wolves to reach FA Cup final

OUDENAARDE, Belgium: Italian Alberto Bettiol won the gruelling Tour of Flanders on Sunday, riding home alone for a maiden career victory after breaking away with 18 kilometers to go.Dane Kasper Asgreen escaped the chasing group in the final straight to finish second with Norwegian Alexander Kristoff third.Bettiol, a 25-year-old who rides for American team EF…

Bettiol tastes first victory at Tour of Flanders
Sport

Bettiol tastes first victory at Tour of Flanders

OUDENAARDE, Belgium: Italian Alberto Bettiol won the gruelling Tour of Flanders on Sunday, riding home alone for a maiden career victory after breaking away with 18 kilometers to go.Dane Kasper Asgreen escaped the chasing group in the final straight to finish second with Norwegian Alexander Kristoff third.Bettiol, a 25-year-old who rides for American team EF…

Arab economies ‘punching below their weight’
Business

Arab economies ‘punching below their weight’

DEAD SEA: The Arab world is “punching below its weight” and its economy should be two or three times bigger than it is today, the World Economic Forum heard on Sunday, as business and government leaders proposed new ways to help the region grow.The Middle East and North Africa is home to hundreds of millions…

Arab states should protect data in technology drive
Business

Arab states should protect data in technology drive

DEAD SEA: The Arab world is “punching below its weight” and its economy should be two or three times bigger than it is today, the World Economic Forum heard on Sunday, as business and government leaders proposed new ways to help the region grow.The Middle East and North Africa is home to hundreds of millions…

Palestine banker calls for Mideast quotas for women board members
Business

Palestine banker calls for Mideast quotas for women board members

DEAD SEA: There are many divides in Palestine — but for the territory’s largest bank that is, for once, the subject of some good news.The Bank of Palestine says its board will have a fifty-fifty gender split within a couple of years — and its chairman has called for Norway-style quota systems for women in…

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