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Arab News: Economy

  • newGroup behind Facebook’s Libra coin announces 21 founding members

    Group behind Facebook’s Libra coin announces 21 founding members

    Author: AFPID: 1571111594406287500Tue, 2019-10-15 03:16GENEVA: The Libra Association, created by Facebook to launch its new cryptocurrency, has announced its 21 founding members after defections by previous supporters including Visa and Mastercar…
    - 2 hours ago, 15 Oct 19, 12:05am -
  • newStruggling WeWork mulls bailout deals with SoftBank, JP Morgan

    Struggling WeWork mulls bailout deals with SoftBank, JP Morgan

    Author: Mon, 2019-10-14 22:17TOKYO: Under-pressure start-up WeWork is considering two huge bailout plans including a cash injection that could see Japanese investment titan SoftBank take control of the firm, according to reports.The office-shari…
    - 11 hours ago, 14 Oct 19, 3:28pm -
  • newTrio wins economics Nobel for science-based poverty fight

    Trio wins economics Nobel for science-based poverty fight

    Author: Mon, 2019-10-14 22:02STOCKHOLM: US-based economists Abhijit Banerjee, Esther Duflo and Michael Kremer won the 2019 Nobel Economics Prize on Monday for work fighting poverty that has helped millions of children by favoring practical steps o…
    - 11 hours ago, 14 Oct 19, 3:15pm -
  • newLufthansa cabin crew union calls for Sunday strike in Frankfurt, Munich

    Lufthansa cabin crew union calls for Sunday strike in Frankfurt, Munich

    Author: ReutersID: 1571054125229923700Mon, 2019-10-14 11:49BERLIN: German flight attendants’ union UFO is calling for a five-hour strike on Sunday at German flag carrier Lufthansa, UFO said on Monday, in an escalating row over workers’ pay.…
    - 19 hours ago, 14 Oct 19, 7:59am -
  • newRussian and Chinese investors in talks about Saudi Aramco IPO involvement

    Russian and Chinese investors in talks about Saudi Aramco IPO involvement

    Mon, 2019-10-14 13:11RIYADH: Russian and Chinese investors are keen to be involved in the international element of the forthcoming initial public offering of Saudi Aramco, a Russian business leader told Arab News on Monday.“I would say that so…
    - 20 hours ago, 14 Oct 19, 6:13am -
  • newDubai carrier Emirates doubts Boeing 777x aircraft delivery in 2020

    Dubai carrier Emirates doubts Boeing 777x aircraft delivery in 2020

    Author: ReutersID: 1571036752548772300Mon, 2019-10-14 07:01DUBAI: Emirates doubts it will receive any of the 115 Boeing 777-9s it has ordered next year, its president said on Monday, as the US planemaker grapples with challenges in building the j…
    - 23 hours ago, 14 Oct 19, 3:17am -
  • China exports, imports in deeper contraction as US tariffs bite

    China exports, imports in deeper contraction as US tariffs bite

    Author: ReutersID: 1571025187088436200Mon, 2019-10-14 03:47BEIJING: China’s exports fell at a faster pace in September while imports contracted for a fifth straight month, pointing to further weakness in the economy and underlining the need for…
    - 1 day ago, 14 Oct 19, 12:08am -
  • Singapore eases monetary policy, avoids recession

    Singapore eases monetary policy, avoids recession

    Author: AFPID: 1571025104598432700Mon, 2019-10-14 03:42SINGAPORE: Singapore eased monetary policy for the first time in more than three years on Monday as the US-China trade war bites, while the export-reliant economy narrowly avoided recession i…
    - 1 day ago, 14 Oct 19, 12:05am -
  • Malaysia to study impact of India’s planned trade action

    Malaysia to study impact of India’s planned trade action

    Author: Mon, 2019-10-14 05:19KUALA LUMPUR: Malaysia’s Prime Minister Mahathir Mohamad said his government will monitor the trade situation with India, which is reported to be considering trade curbs on the Southeast Asian nation over his critici…
    - 1 day ago, 13 Oct 19, 10:21pm -
  • Hitachi NEXT 2019: Las Vegas event shows why Japanese company set to be data market leader

    Hitachi NEXT 2019: Las Vegas event shows why Japanese company set to be data market leader

    Sun, 2019-10-13 22:00LAS VEGAS: Forget oil, the 21st century’s economy will be all about data — it is something we have heard a lot since the turn of the decade.As Brian Householder, CEO of the Hitachi Vantara group, said at the Hitachi NEXT…
    - 1 day ago, 13 Oct 19, 3:00pm -

fDiIntelligence: Middle East & Africa

Financial Times: Middle East Home

IBT: Middle East

The Economist: Middle East and Africa

  • Iraq’s government seems powerless to halt protests in the Shia heartland
    MILLIONS OF SHIAS will walk to the holy city of Karbala this month, ending the annual mourning period for Hussein, grandson of the Prophet Muhammad, who was killed 14 centuries ago. But Iraqi pilgrims will also wail for the 110 people, all Shia, whom…
    - 5 days ago, 10 Oct 19, 10:46am -
  • Kenya’s demonetisation was unexpectedly orderly
    WHEN KENYA announced in June that it would issue new 1,000 shilling ($10) notes and destroy the old ones to fight corruption, many predicted chaos. India’s efforts to do the same by “demonetising” rupees in 2016 led to riots, deaths and a dent…
    - 5 days ago, 10 Oct 19, 10:46am -
  • A violent election in Mozambique threatens a hard-won peace
    ON OCTOBER 7TH Anastácio Matavele left a training session for election observers in Xai-Xai, the capital of Gaza province in southern Mozambique. Matavele, an experienced observer, was chased in his car by men allegedly belonging to a specialist pol…
    - 5 days ago, 10 Oct 19, 10:46am -
  • African kleptocrats are finding it tougher to stash cash in the West
    LIGHT-FINGERED tyrants are looking back wistfully. In past decades they could stash their illicit wealth in the West. Friendly lawyers, banks and middlemen were on hand to park the loot. Sani Abacha, the military dictator who ran Nigeria in the 1990s…
    - 5 days ago, 10 Oct 19, 10:46am -
  • Turkey launches an attack on northern Syria

    Turkey launches an attack on northern Syria

    AFTER YEARS of threats, it took Turkey mere days to strike. On October 9th the Turkish armed forces began bombing parts of north-east Syria. Controlled by a Kurdish-led militia, the region had been an American protectorate until just days before, wh…
    - 6 days ago, 9 Oct 19, 2:26pm -
  • Angolan oil production is in decline
    A HUGE JET of flame bursting from the Kaombo Norte oil platform lights up the sea some 260km (160 miles) off the coast of Angola. The processing platform, part of a $16bn project that takes oil from wells drilled under nearly 2km of water, ought to…
    - 12 days ago, 3 Oct 19, 10:37am -
  • Ethiopia’s most repressive state is reforming
    “HOW IS DEMOCRACY?” asks Bashir Ahmed Hashi, smiling broadly, as he bounds out of his jeep towards the gates of Jigjiga prison. Entering the courtyard, the commissioner is greeted by a loud cheer. Excitable inmates jostle to shake his hand and pa…
    - 12 days ago, 3 Oct 19, 10:37am -
  • A long-feared currency crisis has begun to bite in Lebanon
    IN THE LOBBY of a Beirut bank, three customers stuff wads of $100 bills into plastic bags. Each note has its serial number recorded on a receipt, as local law requires. One man’s receipt was so long it trailed on the ground as he left the branch. S…
    - 12 days ago, 3 Oct 19, 10:37am -
  • Did American road-building in Iraq lead to more violence?
    DRIVERS CALLED it the “highway through hell”. Attacks on the road linking Baghdad to Amman occurred so often in 2014 that truckers were paid three times the normal rate to haul goods along the artery. Gangs and militias were a constant threat. Th…
    - 12 days ago, 3 Oct 19, 10:37am -
  • Binyamin Netanyahu’s last chance to avoid indictment
    THE FIRST ten days of the Jewish new year, between Rosh Hashanah and Yom Kippur, are known as the days of atonement. It is a time in which observant Jews take stock of their sins in the preceding year. That Israel’s attorney-general, Avichai Mandel…
    - 12 days ago, 3 Oct 19, 4:33am -

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