NEWS

Author:  Mon, 2020-11-16 00:27 BELGIUM: Necessity is supposed to be the mother of invention. If that were the case for the high-end restaurant industry, the coronavirus disease (COVID-19) pandemic should have offered ample opportunities for creativity and renewal. Instead, it is turning into...

Mon, 2020-11-16 00:04 RIYADH: Saudi Arabia will have the opportunity to showcase its leadership and ability to be a visionary global player when it virtually hosts the G20 Riyadh summit on Nov. 21 to 22. The country will guide the work of...

Author:  Mon, 2020-11-16 00:32 BRUSSELS: British and EU negotiators launched a desperate final stretch of trade talks on Sunday, with both sides determined not to give ground, despite the looming threat of failure. Britain’s David Frost returned to meet his EU counterpart Michel...

Mon, 2020-11-16 01:34 CAIRO: Saudi Arabia has given one of Egypt’s largest banks a $6.4 million grant to finance digital transformation and encourage local crafts programs in the country. Egypt’s Minister of International Cooperation, Rania Al-Mashat, said on Saturday that the...

Author:  Mon, 2020-11-16 00:40 DUBAI: Most major stock markets in the Middle East ended higher on Sunday, with Saudi Arabia leading gains on a rise in financial shares, while Egypt bucked the trend to close lower. By Thursday major Gulf markets had logged...

Author:  AFP ID:  1605488138746913500 Mon, 2020-11-16 04:47 TOKYO: Tokyo stocks opened higher on Monday supported by gains on Wall Street with investors digesting Japan’s third-quarter GDP figures, which showed an exit from recession. The benchmark Nikkei 225 index was up 1.13 percent or 286.11 points...

Mon, 2020-11-16 11:33 DUBAI: Saudi Electricity Company, which runs the Kingdom’s power generation and distribution, has unveiled a far-reaching restructuring of its finances and regulatory set-up to “to provide its services with higher levels of efficiency and reliability.” As part of...

Author:  Reuters ID:  1605506606707382300 Mon, 2020-11-16 06:00 BERLIN: A group led by privacy activist Max Schrems on Monday filed complaints with German and Spanish data protection authorities over Apple’s online tracking tool, alleging that it allows iPhones to store users’ data without their consent...

Author:  Reuters ID:  1605524766928015300 Mon, 2020-11-16 11:00 WASHINGTON: After a standoff with global regulators, management turmoil and a massive safety review, Boeing Co. is set to win US approval on Wednesday to resume flights of its grounded 737 MAX.But the largest US airplane maker...

Author:  Reuters ID:  1605527090848131100 Mon, 2020-11-16 09:14 DUBAI: Saudi Aramco this year extended the maturity of two revolving credit facilities it took in 2015, meaning those loans worth a total of $8 billion will be available through March 2022, a bond prospectus showed. Aramco said...