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May 31, 2023
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.
May 31, 2023
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
May 31, 2023
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
May 31, 2023
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
May 31, 2023
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
May 31, 2023
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
May 31, 2023
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
May 31, 2023
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
May 31, 2023
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
May 31, 2023
Company will be valued at $888 million.