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Lebanon judge questions central bank chief over Munich arrest warrant

BEIRUT: A Lebanese judge questioned central bank chief Riad Salameh on Wednesday after Beirut received a second Interpol Red Notice targeting him, this time following an arrest warrant from Munich, a judicial official said. Salameh has been the subject of a series of judicial probes both at home and abroad into the fortune he has amassed during some three decades in the job.
France General Imad Qabalan Riad Salameh Interpol Red Notice Al Ahsa Al Kharj

Air New Zealand asks passengers to weigh in before their flights

WELLINGTON: New Zealand’s national airline is asking passengers to step on the scales before they board international flights. Air New Zealand says it wants to weigh 10,000 passengers during a month-long survey so pilots can better know the weight and balance of their planes before takeoff. But the numbers from the scales won’t be flashing up for all to see. There will be no
New Zealand General New Zealand New Zealanders Alastair James Civil Aviation Authority Air New Zealand

Meet Kash Shaikh, man bringing 'baseball diplomacy' to Middle East, South Asia

DUBAI: For Kash Shaikh, it is all about “bringing people together.” It, in this case, is the monumental task of bringing professional baseball to the Middle East and South Asia. He described it as “baseball diplomacy.” Chairman and chief executive officer of Baseball United, the first-ever professional baseball league focused on the Middle East and Indian subcontinent, Shaikh
Dominican Republic United States United Arab Emirates Saudi Arabia Adrian Beltre Barry Larkin

Philippine lawmakers approve $8.9bn sovereign wealth fund

MANILA: Philippine lawmakers approved the creation of an $8.9 billion sovereign wealth fund on Wednesday to boost growth and cut poverty, but critics insisted it was a “scam” and should be scrapped. President Ferdinand Marcos Jr had called for a swift passage of the bill, filed by his son and cousin late last year, to enable the debt-laden government to earn extra funds to
Ferdinand Marcos Jr Miguel Zubiri Mark Villar Aurelio Gonzales Maharlika Investment Fund Akbayan Party

Milosevic spymasters get longer jail terms in last UN court verdict

THE HAGUE: A UN court slapped two former Serbian spy chiefs with longer prison sentences Wednesday in the last major Hague war crimes trial from the 1990s Bosnian conflict. Judges rejected appeals by the late Serbian president Slobodan Milosevic’s state security service boss Jovica Stanisic and his deputy Franko Simatovic against their 2021 convictions, and increased their
Bosanski Samac Republika Srpska Bosnia Herzegovina Serbia General Graciela Gatti Santana Slobodan Milosevic

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Allegations of Afghanistan war crimes led to US warning -Australian defense chief

SYDNEY: Australia’s defense chief said on Wednesday the United States warned him in 2021 that allegations Australian special forces soldiers killed prisoners and civilians in Afghanistan may trigger a law prohibiting assistance from the United States. The United States is Australia’s biggest security alliance partner. Chief of Defense Force, Angus Campbell, told a
United States New South Wales Australian Capital Territory Richard Marles Angus Campbell Us Embassy

UAE's Mirfa 2 RO plant achieves financial closure, raises $620m

RIYADH: Abu-Dhabi-based Mirfa 2 water desalination project has secured funding of 2.3 billion dirhams ($620 million), achieving financial closure of what will become the UAE’s third-largest reverse osmosis plant. Abu Dhabi National Energy Co., or TAQA, announced the financial closure alongside French low-carbon services company ENGIE and Emirates Water and Electricity Co. in a
Abuz Aby United Arab Emirates Ar Riya Saudi Arabia Abu Dhabi Frederic Claux

Closing bell: Oil prices weigh down Saudi stocks

RIYADH: Saudi Arabia’s Tadawul All Share Index dropped by 125.85 points or 1.13 percent to close at 11,014.13, driven by a fall in oil prices that affected investors’ morale. While parallel market Nomu lost 335.24 points to 21,278.26, the MSCI Tadawul Index fell 1.31 percent to 1,464.41. The total trading turnover of the benchmark index was SR11.79 billion ($3.14 billion) as
Saudi Arabia Ar Riya United States Industrial Co Saudi Pharmaceutical Industries Jarir Marketing Co

Social Development Bank's training program helping SMEs to grow

RIYADH: The Social Development Bank has introduced a range of training programs to help small businesses across the Kingdom to grow. The courses cover key issues like marketing and administration and also provide business owners with the chance to meet and discuss their development plans with local and international experts. One of the companies that has benefited from the
Ar Riya Saudi Arabia Amal Almarzoog Development Bank Social Development Bank Saudi Vision

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