SINGAPORE: Southeast Asian ride-hailing firm Grab said on Wednesday it has secured $1.5 billion in fresh financing from a fund run by Japan’s SoftBank and will use a significant portion of it to expand in Indonesia.Grab has seen its business grow rapidly since it bought US-based rival Uber’s regional ride-hailing and food business in March…
SHANGHAI: Chinese online retailers have started discounting iPhones for the second time this year as Apple wrestles with a prolonged sales slowdown in the world’s largest smartphone market.Several electronics vendors announced discounts on iPhone devices this week, following mass discounts in January just before Apple reported sinking sales in China.Gadget retailer Suning.Com Co. Ltd. said…
WASHINGTON: The “sharing economy” is becoming mainstream with the anticipated stock listings from services such as Uber, Lyft and Airbnb, signs that the trend is gaining momentum and impacting multiple sectors.These multibillion-dollar online platforms have already been a disruptive force in many economic segments, and analysts say the public listings may be a watershed moment,…
KABUL: Flash floods in southern Afghanistan from heavy rains last week have killed more than 40 people, double an earlier estimated toll, a UN agency that is coordinating relief efforts said.The floods that started on Friday destroyed 1,300 homes and damaged 2,500 across nine provinces, leaving many people desperate for shelter, food and clothing, the…
Father of UK teen who joined Daesh says don’t scrap citizenship Updated 3 min 39 sec ago March 06, 2019 07:25 SUNAMGANJ, Bangladesh: The father of a British teenager who ran away to join Daesh in Syria said his daughter’s citizenship should not be canceled and that she could be punished in the United Kingdom…
SUNAMGANJ, Bangladesh: The father of a British teenager who ran away to join Daesh in Syria said his daughter’s citizenship should not be canceled and that she could be punished in the United Kingdom if it was determined she had committed a crime.Shamima Begum fled east London with two friends to travel to Syria to…
KABUL: Suicide bombers and gunmen attacked a construction company office in the Afghan city of Jalalabad on Wednesday killing 16 employees of the Afghan company, a provincial official said. The attack began when two suicide bombers set off their explosives outside the company office and gunmen then opened fire, said Attaullah Khogyani, a spokesman for…
LOS ANGELES: A storm soaking California on Wednesday could trigger mudslides in wildfire burn areas where thousands of residents are under evacuation orders, authorities warned.Up to 4 inches (10 centimeters) of rain is expected along the Central Coast, and amounts could be higher in areas where thunderstorms develop, the National Weather Service said.The Santa Barbara…
Saudi Arabia pledges $500 million in support for UN humanitarian plan for Yemen JEDDAH: Saudi Arabia has pledged $500 million to finance the United Nations Humanitarian Response Plan for Yemen, it was announced on Tuesday. The announcement was made during a Saudi cabinet meeting headed by King Salman. Following the meeting, Information Minister Turki Abdullah Al-Shabana said in…
Saudi Arabia pledges $500 million in support for UN humanitarian plan for Yemen JEDDAH: Saudi Arabia has pledged $500 million to finance the United Nations Humanitarian Response Plan for Yemen, it was announced on Tuesday. The announcement was made during a Saudi cabinet meeting headed by King Salman. Following the meeting, Information Minister Turki Abdullah Al-Shabana said in…
Saudi Arabia pledges $500 million in support for UN humanitarian plan for Yemen JEDDAH: Saudi Arabia has pledged $500 million to finance the United Nations Humanitarian Response Plan for Yemen, it was announced on Tuesday. The announcement was made during a Saudi cabinet meeting headed by King Salman. Following the meeting, Information Minister Turki Abdullah Al-Shabana said in…
FaceOf: Salman Gasim, CEO of Jeddah-based Swiss Hospitality Co. Salman Gasim has been the chief executive officer at the Swiss Hospitality Co. (SHC) since 2014. The SHC, a Jeddah-based firm, was established in 2014 and built around Swiss hospitality standards, combined with Saudi cultural values. Gasim is also a board member of the Saudi-Swiss Business…
PARIS: Karl Lagerfeld’s final collection for Chanel will be presented in the Grand Palais in Paris on Tuesday, the scene of some of the legendary designer’s greatest triumphs.The brand that he is most closely associated with is expected to stage a tribute to the workaholic creator, the most prolific of the past century.Lagerfeld died aged…
LONDON: Oil edged higher toward $66 a barrel on Tuesday as the market balanced OPEC-led efforts to tighten supply with the restart of Libya’s biggest oilfield and the prospect of weaker demand.Supply curbs by the Organization of the Petroleum Exporting Countries and allies have helped to drive a 20 percent gain for Brent crude this…
Satellite images show madrasa buildings still standing at scene of Indian bombing NEW DELHI/SINGAPORE: High-resolution satellite images reviewed by Reuters show that a religious school run by Jaish-e-Mohammad (JeM) in northeastern Pakistan appears to be still standing days after India claimed its warplanes had hit the group’s training camp on the site and killed a…
Satellite images show madrasa buildings still standing at scene of Indian bombing NEW DELHI/SINGAPORE: High-resolution satellite images reviewed by Reuters show that a religious school run by Jaish-e-Mohammad (JeM) in northeastern Pakistan appears to be still standing days after India claimed its warplanes had hit the group’s training camp on the site and killed a…
NEW DELHI: There was a shutdown in Indian-administered Kashmir on Tuesday over attempts to change a law that gives special rights to the state and the people living there. Trade associations staged the one-day in strike in protest at calls among the ruling Bharatiya Janata Party (BJP) to change Article 35A, which gives Jammu and…
ABU DHABI: Ambitious plans to map the entire global ocean floor could “absolutely” piece together the puzzle of the missing Malaysian airliner MH370, which disappeared five years ago this week, a leading expert told Arab News in an exclusive interview at the World Ocean Summit on Monday. A new project called Seabed 2030 plans to map…
ABU DHABI: Ambitious plans to map the entire global ocean floor could “absolutely” piece together the puzzle of the missing Malaysian airliner MH370, which disappeared five years ago this week, a leading expert told Arab News in an exclusive interview at the World Ocean Summit on Monday. A new project called Seabed 2030 plans to map…
WASHINGTON: The US has sanctioned Harakat Hezbollah al Nujaba, a radical militia group of about 10,0000 fighters, as well as its leader Akram Kaabi, the Treasury Department said on Tuesday. Active in Iraq and Syria, Nujaba, which is known by various names including the “The Movement of the Noble Ones,” is also loyal to Iran. Reuters…
