The Hong Kong government will take a stake in Cathay Pacific and increase its influence over the airline’s board as part of a HK$39bn (US$5bn) rescue plan. In what marks a rare direct purchase by the …
Protests leave permanent imprint on Hong Kong’s streets
Torn up paving stones filled-in with concrete, cages erected over bridges and security guards on campus entrances — protests have left a permanent imprint on Hong Kong’s streets after a year of …
Nemir Kirdar, father of private equity globally, dies at 83
The former Chase Manhattan banker founded Bahrain’s Investcorp and ran the alternative investment firm for more than three decades …
Corporate tax in UAE will turn away investors, says GWS Group chairman
The introduction of a corporate tax in the UAE will turn away international investors and wealthy residents, according to the chairman of tax advisory GWS Group, in response to a prediction by Emirati …
Israel halts coronavirus cellphone surveillance, official says
Israel’s internal security service Shin Bet has halted its cell-phone tracking of coronavirus carriers, an official said on Tuesday, citing the success of alternatives to the controversial method of …
U.N. forced to cut aid to Yemen, even as the coronavirus increases need
Aid organizations are making an urgent plea for funding to shore up their operations in war-torn Yemen, saying they have already been forced to stop some of their work even as the coronavirus rips …
UN forced to cut aid to Yemen, even as virus increases need | Charlotte Observer
Aid organizations are making an urgent plea for funding to shore up their operations in war-torn Yemen, saying they ha Some 75% of U.N. programs in Yemen have had to shut their doors or reduce …
Asian Crude Oil Buyers Shocked by Saudi Arabia’s Price Hike
Saudi Arabia’s steep hikes to its crude prices for July have shocked some Asian refiners even as the region leads a rebound in global energy consumption following coronavirus lockdowns.Aramco’s price …
Iraq Gets Serious on Oil Cuts By Asking Buyers to Forgo Cargoes
Iraq has asked some Asia refiners to consider forgoing prompt shipments of its Basrah crude, raising speculation that OPEC’s second-biggest producer is trying to comply with pledged output cuts. State …
Coronavirus: Saudi Arabia’s economy shows strengths despite COVID-19, say experts
Saudi Arabia’s economy was negatively impacted by the COVID-19 pandemic, but experts voiced their optimism and highlighted the silver linings throughout the nearly three-month-old crisis on Monday. As …