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Regulators call for external checks on bank climate data

Regulators could force banks and other financial firms to hire external auditors to check on the accuracy of their climate data, the Financial Stability Board said in a report on Friday. Financial firms are being required to spell out how climate change is affecting their business as part of government efforts to meet net-zero economy […]

Tunisia’s dinar hits record low versus dollar

Tunisia’s dinar currency has fallen to record lows versus the dollar, driven down by high inflation, a worsening trade deficit and the severe impact of the Ukraine crisis on public finances. It traded at 3.074 against the dollar on Thursday, central bank data showed on Friday. Earlier this month, the state statistics institute said Tunisia’s […]

Airplane, Aircraft, Vehicle

Qatar Airways suffers setback in feud with Airbus

A British judge has denied a bid by Qatar Airways to reinstate a jet contractcancelled by Europe’s Airbus in the latest twist to a dramatic feud playing out in UK courts. The companies have been locked in a safety dispute for months on Europe’s A350 long-haul jet. Their unprecedented bust-up widened in January when Airbus revoked a separate deal for […]

Visitors to Turkey jump 130% in March

The number of foreign visitors arriving in Turkey jumped 129.7 percent from a year earlier to 2.08 million in March, data showed on Friday, as the sector continued to recover from the impact of measures to combat the spread of coronavirus since 2020. The arrivals compared with a level of 718,097 foreign visitors in March […]

Hong Kong eases coronavirus rules for aircrews

Hong Kong will shorten mandatory hotel quarantine for passenger flight crews to three days from seven, while cargo crews will be exempt, modest steps at unwinding coronavirus curbs that have turned the city into one of the world’s most isolated places. The changes, which take effect in May, give the global financial hub’s aviation trade […]

Ecuador Energy Minister resigns, as country starts talk over new oil contracts

Ecuador’s Energy Minister Juan Carlos Bermeo resigned on Thursday, saying he had “completed a cycle,” just as the country begins the process of renegotiating oil block contracts with private companies. Ecuador’s President Guillermo Lasso appointed Bermeo as minister of energy and non-renewable natural resources in June last year, charging him with the mission to build […]

Person, Human, Clothing

Germany: Gazprombank accounts do not breach Russia oil sanctions

European energy firms can open special accounts with Gazprombank to pay for Russian gas, a key demand by Moscow, without breaching sanctions if transferring euros or dollars to them fulfils their contractual obligations, the German Economy Ministry said. Russia cut gas supplies to Bulgaria and Poland this week for failing to pay in roubles, raising […]

Trump finally posts on Truth Social: “I’M BACK!”

Former US president Donald Trump posted a brief message on Truth Social late Thursday for the first time since the app he founded launched two months ago, saying “I’M BACK!” Trump broke his silence as Elon Musk sealed a $44 billion deal to buy Twitter, which last year permanently banned Trump citing a risk of […]

Sterling set for biggest drop in six years against dollar

Sterling rose against the dollar on Friday but was still set for its sharpest monthly drop since October 2016, while edging higher against the euro. The dollar dropped from its recent 20-year high while still on track for its best month since 2015, bolstered by a combination of expectations for US rate hikes and growth […]

Egypt seeks private sector participation in state-owned assets

Egyptian President Abdel Fattah al-Sisi ordered the government to set a program for the private sector’s participation in state-owned assets, with a target of $10 billion annually for four years, state TV quoted him as saying on Tuesday. The broadcaster did not mention any other details about the method of participation. The Egyptian president also […]

Iran summons Afghan envoy after protesters’ attack

Iran summoned the Afghan envoy to Tehran, Iranian state TV reported, afterprotesters threw rocks at Iranian diplomatic missions in Kabul and Herat over what they called “mistreatment of Afghan refugees” in the Islamic Republic. The protests began after videos posted on Twitter in recent days showed young Afghan refugees in Iran being harassed and humiliated […]

Person, Human, Audience

Turkish court sentences Kavala to life in prison

A Turkish court sentenced philanthropist Osman Kavala to life in prison on Monday finding him guilty of attempting to overthrow the government by financing 2013 nationwide protests, in a case that Europe’s top court and Ankara’s Western allies said was politically motivated. Kavala, 64, has been in jail for 4-1/2 years without a conviction and […]

Person, Human, Room

King Abdullah joins Biden to defuse Jerusalem tension

Jordan’s King Abdullah agreed with U.S. President Joe Biden on the need to prevent a repeat of recent confrontations in Jerusalem’s Muslim holy sites that sparked concerns of wider conflict, state media said. In a phone call on Monday, Abdullah was quoted as saying the cornerstone of peace was a comprehensive Arab Israeli settlement based […]

Jordan’s king agreed with U.S. Biden on need to defuse Jerusalem tension

Jordan’s King Abdullah agreed with U.S. President Joe Biden on the need to prevent a repeat of recent confrontations in Jerusalem’s Muslim holy sites that sparked concerns of wider conflict, state media said. In a phone call on Monday, Abdullah was quoted as saying the cornerstone of peace was a comprehensive Arab Israeli settlement based on a two-state solution […]

Turkish President Erdogan plans visit to Saudi’s Crown Prince

Turkish President Tayyip Erdogan plans to visit Saudi Arabia on Thursday and meet Crown Prince Mohammed Bin Salman as Ankara tries to mend ties with Riyadh after dropping a legal case on the killing of journalist Jamal Khashoggi in Istanbul. Relations have been tense since a Saudi hit team killed Khashoggi at the kingdom’s Istanbul […]

Watercraft, Vessel, Vehicle

Saudi Arabia, France pledge $30m for Lebanon aid

France and Saudi Arabia announced a joint development fund for crisis-hit Lebanon on Tuesday, pledging an initial $30 million to support food security and the country’s crippled health sector, a French embassy statement said. The funds will be routed to humanitarian projects to provide emergency aid, including food, to the most vulnerable populations in Lebanon, […]

Dollar hits five-year high, growth concerns dent euro

The dollar hit a five-year high ahead of the expected rate hike by Federal Reserve, while the euro weakened on growth concerns after Russia cut off gas supplies to parts of the region. The dollar has gained on expectations that the US central bank will be more hawkish than peers. The Fed is expected to increase rates by 50 basis […]

Yemen’s Houthis release crew of seized Emirati cargo vessel

The Houthi movement that controls most of northern Yemen has released the crew of the United Arab Emirates cargo ship RWABEE that was seized on January 3, the group’s spokesman said. The release of the crew – 11 in all according to sources familiar with the matter – was agreed with the assistance of Oman, spokesman Mohammed […]

US energy secretary says oil, gas output will continue to increase

The US Energy Secretary said on Monday US oil and gas production is rising and will continue to rise to make up for the 1 to 1.5 million barrels of oil per day that has been pulled off the market in the wake of Russia’s invasion of Ukraine. Jennifer Granholm told CNBC the boost in US oil […]

Person, Human, Crowd

UAE summons Israeli ambassador to protest against clashes in Al-Aqsa Mosque

The United Arab Emirates has summoned the Israeli ambassador to protest against clashes at Jerusalem’s Al-Aqsa mosque, the Gulf state’s Foreign Ministry said on Tuesday. Reem bint Ebrahim Al Hashimy, UAE Minister of State for International Cooperation, stressed the need “to immediately stop these events (and) provide full protection for worshippers”, the ministry said in […]