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Friday, June 25, 2021

Finance

CAIRO: Iraq and Egypt discussed improved cooperation in the fields of communications and IT at a meeting between Amr Talaat, the Egyptian minister of communications and information technology, and his Iraqi counterpart, Arkan Shihab, on Thursday. Shihab was leading a high-level delegation to Egypt that included government officials and representatives of the Iraqi private sector.…
RIYADH: Economists forecast that the Saudi economy will grow significantly bigger over the coming decade with the size of every sector expected to increase. The Kingdom’s finance, insurance, real estate and business sectors are likely to expand by 9 percent annually and their relative share to overall economic activity will grow by 12.7 percent. A paper…
KAMPALA: Ethiopians will vote on Monday in a landmark election overshadowed by reports of famine in the country’s war-hit Tigray region and beset by logistical problems that mean some people won’t be able to vote until September. The election is the centerpiece of a reform drive by Prime Minister Abiy Ahmed, whose rise to power…
DUBAI: UAE English language daily Khaleej Times held back no punches as it seized the opportunity to knock its rival Gulf News following the latter’s announcement of going behind a paywall. “No toll gates in our lanes,” Khaleej Times promised in a tweet on its official account, promoting its free news service that does not…
AFC left with questions to answer ahead of draw for final 2022 World Cup qualifying round Something unusual happened on Friday. FIFA announced the new rankings only for 12 teams in Asia so the Asian Football Confederation (AFC) can, on July 1, go ahead with the draw for the third round of qualification for the…
MAKKAH: A young Saudi in the south of the Kingdom is bringing back the timeless craft of hand carving wooden canes with a new look to suit modern tastes, driving demand from Hajj pilgrims and online customers from around the world. Walking canes have always been associated with the elderly and ill, and usually comprise…
DHAKA: Bangladesh resumed its nationwide inoculation drive against the coronavirus disease (COVID-19) with China’s Sinopharm vaccine on Saturday, nearly two months after halting the initiative due to a failed supply of 30 million doses from India. Starting from January, New Delhi had vowed to deliver the Covishield vaccine, produced by the Serum Institute of India,…
ATHENS: Greece moved closer to investment grade late on Friday after Standard & Poor’s upgraded its sovereign rating for the debt-strapped country by one notch to BB from BB- with a positive outlook. “The upgrade reflects our expectation of a rapid improvement in Greece’s economic and budgetary performance as the adverse impacts of the COVID-19 pandemic…
Amal Clooney brings to justice Daesh woman who oversaw rape, enslavement of Yazidis LONDON: Renowned human rights defender Amal Clooney has secured the prosecution of a Daesh member who abused, enslaved and assisted in the rape of captured Yazidi women. Clooney’s client was a Yazidi woman who was taken and enslaved at the age of…
DUBAI: French fashion house Dior this week returned to live audience shows with an extravagant presentation of its partly-sports inspired 2022 Cruise collection in Athens’ Panathenaic stadium, the 4th-century site of the first modern Olympic Games, 70-years after an iconic Dior shoot at the Acropolis. Dior’s Creative Director Maria Grazia Chiuri enlisted models, including Moroccan-British star…