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Dubai regulator fines Abraaj founder Naqvi $136 million

Reuters
Arif Naqvi, founder and Group CEO, Abraaj Capital, and Co-Chair of the Governors Meeting for Investors 2010 attends a session at the World Economic Forum (WEF) in Davos January 27, 2010. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register DUBAI, Jan 27 (Reuters) – Dubai’s financial regulator......

Thousands stranded as snow disrupts transport in Turkey, Greece

Reuters
Flights resume slowly in Istanbul Thousands evacuated from Athens motorway Snow on Antalya beaches for first time in 29 years ISTANBUL/ATHENS, Jan 25 (Reuters) – Some Istanbul Airport flights resumed on Tuesday after nearly 24 hours of cancellations as heavy snowfall clogged roads and stranded thousands of people across Turkey......

Lebanese cabinet meets after hiatus, amid friction over budget

Reuters
Lebanon’s newly appointed Finance Minister Youssef Khalil looks on during a handover ceremony in Beirut, Lebanon September 14, 2021. REUTERS/Mohamed Azakir Register now for FREE unlimited access to Reuters.com Register Cabinet sessions blocked by dispute over Beirut port blast probe Lebanon due to begin online talks with IMF on Monday......

Turkish lira firms as minister sees limited inflation

Reuters
Turkish lira banknotes are seen in this picture illustration in Istanbul, Turkey August 14, 2018. REUTERS/Murad Sezer/Illustration Register now for FREE unlimited access to Reuters.com Register ISTANBUL, Jan 24 (Reuters) – The lira was firmer on Monday after Turkey’s finance minister was cited as saying inflation may rise to some......

Yemenis struggle without internet for third day after air strikes

Reuters
SANAA, Jan 23 (Reuters) – Most of Yemen faced a third day without internet on Sunday after air strikes on the Red Sea city of Hodeidah, the main landing point for the country’s undersea web connection, damaged its telecoms infrastructure. In the capital Sanaa, Majid Abdullah said he was unable......

Belgian Pieters holds nerve to secure victory in Abu Dhabi

Reuters
Golf – European Tour – BMW PGA Championship – Wentworth Golf Club, Virginia Water, Britain – September 10, 2021 Belgium’s Thomas Pieters reacts during the second round Action Images via Reuters/Paul Childs Register now for FREE unlimited access to Reuters.com Register Jan 23 (Reuters) – Thomas Pieters sealed his sixth......

Thai PM to visit Saudi Arabia as diplomatic relations thaw

Reuters
Thailand’s Prime Minister Prayuth Chan-ocha attends a family photo session with new cabinet ministers (not pictured) at the Government House in Bangkok, Thailand, March 30, 2021. REUTERS/Athit Perawongmetha/File Photo Register now for FREE unlimited access to Reuters.com Register RIYADH, Jan 23 (Reuters) – Thailand’s prime minister will visit Saudi Arabia......

Saudi digital security firm Elm seeks to raise up to $820 mln at IPO

Reuters
DUBAI, Jan 23 (Reuters) – Saudi Arabia’s digital security firm Elm said on Sunday it has set an indicative price range for its initial public offering, aiming to raise as much as 3 billion riyals ($820 million). Elm, owned by the kingdom’s sovereign wealth fund, said in a statement it......

Pfizer CEO sees annual COVID vaccine rather than frequent boosters

Reuters
JERUSALEM, Jan 22 (Reuters) – Pfizer Inc (PFE.N) Chief Executive Albert Bourla said on Saturday that an annual COVID-19 vaccine would be preferable to more frequent booster shots in fighting the coronavirus pandemic. Pfizer/BioNtech’s (22UAy.DE) COVID-19 vaccine has shown to be effective against severe disease and death caused by the......

U.N. chief condemns deadly Saudi-led coalition strike in Yemen

Reuters
SAADA/NEW YORK, Yemen, Jan 21 (Reuters) – United Nations Secretary-General Antonio Guterres condemned air strikes by a Saudi-led coalition in Yemen on Friday that reportedly killed at least 60 people in a detention center in the Houthi-held Saada province. A Reuters witness said several people, including African migrants, died in......

Analysis: A handbook of (mostly failed) radical inflation-fighting efforts

Reuters
LONDON/NEW YORK, Jan 21 (Reuters) – More governments are seeking ways to prevent surging inflation whipping up economic trouble – and even public unrest – without raising interest rates. But as the examples below show, past attempts to rein in soaring prices without hiking borrowing costs have often ended badly.......

Turkish cenbank halts rate cuts after currency crisis

Reuters
ISTANBUL, Jan 20 (Reuters) – Turkey’s central bank held its policy rate steady at 14% on Thursday as expected, halting an unorthodox and aggressive easing cycle that had sparked a currency crisis and sent inflation soaring to a 19-year high late last year. The bank said it would monitor the......

Biden says administration mulling re-designating Yemen’s Houthis a terrorist group

Reuters
A Shi’ite Houthi fighter sits behind sandbags near a checkpoint in Sanaa December 17, 2014. REUTERS/Mohamed al-Sayaghi/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Jan 19 (Reuters) – U.S. President Joe Biden said on Wednesday his administration is considering re-designating Yemen’s Houthi movement as an international......

China reports first official Iranian oil imports since Dec 2020

Reuters
Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22, 2018. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Jan 20 (Reuters) – China reported the first imports of Iranian crude oil in a year despite ongoing sanctions......

More than a dozen dead in coalition strikes on Yemen’s Sanaa

Reuters
ADEN, Yemen, Jan 18 (Reuters) – An air strike killed about 14 people in a building in the Yemeni capital of Sanaa, residents said on Tuesday, during strikes across the city launched by the Saudi-led coalition fighting the Houthi group. The alliance strikes on Houthi-held Sanaa followed an attack claimed......

Bank of Israel optimistic that Omicron won’t harm economic growth

Reuters
The Bank of Israel building is seen in Jerusalem June 16, 2020. Picture taken June 16, 2020. REUTERS/Ronen Zvulun/File Photo Register now for FREE unlimited access to Reuters.com Register JERUSALEM, Jan 17 (Reuters) – Israel’s central bank voiced cautious optimism that the Omicron wave sweeping the country would have no......

Three killed in UAE fuel truck blast, Yemen Houthis claim attack

Reuters
DUBAI, Jan 17 (Reuters) – Three fuel trucks exploded, killing three people, and a fire broke out near Abu Dhabi airport on Monday in what Yemen’s Iran-aligned Houthi group said was an attack deep inside the United Arab Emirates. The Houthi movement, which is battling a Saudi-led coalition that includes......

Turkey’s inflation seen dropping to about 27% by end of 2022

Reuters
A vendor waits for customers at his stall in a street market in Istanbul, Turkey, January 4, 2022. REUTERS/Murad Sezer/File Photo Register now for FREE unlimited access to Reuters.com Register ISTANBUL, Jan 17 (Reuters) – Already rampant inflation in Turkey will rise further in the coming months before declining to......

Saudi energy minister: It’s U.S. prerogative to draw on strategic oil reserves

Reuters
Saudi Energy Minister, Prince Abdulaziz bin Salman al-Saud, speaks during the UN Climate Change Conference (COP26), in Glasgow, Scotland, Britain, November 10, 2021. REUTERS/Yves Herman/File Photo Register now for FREE unlimited access to Reuters.com Register Jan 17 (Reuters) – Saudi Energy Minister Prince Abdulaziz bin Salman said on Monday that......

BBVA to pay more than 7 bln euros to shareholders in 2021, 2022, chairman says

Reuters
BBVA bank logo is pictured in Seville, southern Spain March 14, 2016. REUTERS/Marcelo del Pozo/File Photo MADRID, Jan 17 (Reuters) – Spain’s BBVA (BBVA.MC) expects to distribute more than 7 billion euros ($8 billion) to shareholders in 2021 and 2022, around a fifth of its current market capitalization, chairman Carlos......

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