DUBAI: Egypt is planning to recalculate the compensation it earlier demanded from the owner of the Ever Given container ship that blocked the Suez canal in March, according to Bloomberg.
The Suez Canal Authority (SCA) claimed more than $916 million in damages, but out-of-court negotiations lowered the figure to $550 million.
However, the Ever Given’s insurers say that this demand is still too high.
“We will recalculate our demand in today’s court session,” the SCA’s lawyer, Nabil Zidan, told Bloomberg on Saturday, but no new figure was disclosed.
The owner has offered to pay $150 million, but the authority said that this fails to cover losses of transit fees, damage to the waterway, and costs of equipment and labor.
Organizers of an annual vigil to commemorate the Chinese Communist government’s bloody crackdown on student-led pro-democracy protests in Beijing’s Tiananmen Square in 1989 said on Saturday they had lost an appeal to hold this year’s rally. The Hong Kong Alliance in Support of Patriotic Democratic Movements of China planned to hold a candlelight vigil in Victoria Park next
BAGHDAD: Conspiracy theories, fake reports and mudslinging in Iraq, false news thrives and risks real-life consequences as authorities struggle to counteract its spread. Misinformation about political, social, security and economic issues abound online in the country, said an official from the Tech 4 Peace collective, an Iraqi organization that tracks “fake news.” “There are
DUBAI: Despite its expectation that Bahrain’s economy will return to growth this year, rating agency S&P revised its outlook for the Gulf country to “negative,” mainly due to its pace of fiscal reform. Bahrain’s economy contracted by 5.4 percent last year, according to the International Monetary Fund, as the COVID-19 pandemic battered key sectors such as energy and tourism.
JEDDAH: The Diriyah Gate Development Authority (DGDA) has launched the second national Ardha dance competition as part of the authority’s endeavors to promote the ancient art form. The Ardeh is on UNESCO’s Intangible Cultural Heritage list and DGDA stages the event so that young Saudis can train for and compete in a dance and poetry competition to celebrate the traditional