Friday 27 May 2016

Egyptian cabinet approves $2.5bn grant from Saudi Arabia

Egypt's government approved on Thursday a $2.5 billion grant from Saudi Arabia, the cabinet said in a statement. "The cabinet approved a grant agreement between the governments of Egypt and Saudi Arabia in which Saudi Arabia will provide Egypt a sum of $2.5 billion to su


Cineco opens new $16m cineplex in Qatar

Bahrain Cinema Company (Cineco) announced the opening of a new QR60 million ($16.4 million) Cineplex at the Gulf Mall in Gharafa, Qatar, yesterday (May 26). The new Cineplex is approximately 5,645-sq-m and holds a total number of 2,318 seats across 13 screens. Encompassing the la


Chaotic urbanisation puts cities in harm's way - UN

The risk of man-made and natural disasters hitting fast-growing cities is rising, and national governments must do more to help municipal authorities protect residents through better planning, the head of the UN agency for human settlements said. UN-Habitat executive director Joa


G7 vows growth, fudges FX, frets N Korea, Russia, China

The Group of Seven industrial powers pledged on Friday to seek strong global growth, while papering over differences on currencies and stimulus policies and expressing concern over North Korea, Russia and maritime disputes involving China. "Global growth remains moderate and


Brexit serious risk to global economic growth: G7 leaders

A British exit from the European Union would be a serious risk to global economic growth, Group of Seven leaders said in a summit declaration on Friday, although German Chancellor Angela Merkel said the issue had not been discussed. The statement will be welcomed by the British g


Iconic planes on display at Bahrain exhibition

A new exhibition celebrating the strong civil and military aviation heritage between Bahrain and the United Kingdom will open at the Bahrain National Museum tomorrow (May 23). The exhibition is supported by BAE Systems and the UK’s RAF Museum.   Shaikha


Algosaibi to acknowledge claims for settlement

Ahmad Hamad Algosaibi & Brothers (Ahab) has recently written to a large number of financial institutions with claims against it to confirm the amounts that Ahab is willing to acknowledge for the purposes of the settlement process it initiated in May 2014. Ahab and the five-me


IS calls for attacks on the West during Ramadan

A new message purporting to come from the spokesman of Islamic State calls on followers to launch attacks on the United States and Europe during the Islamic holy month of Ramadan, which begins in early June. "Ramadan, the month of conquest and jihad. Get prepared, be ready .


Indian PM Modi to visit Qatar next month

Indian Prime Minister Narendra Modi will pay a two-day visit to energy-rich Qatar, the first by an Indian Premier in the last eight years, starting from June 4, said a report. During the visit, Modi will hold extensive talks with Emir of Qatar Sheikh Tamim bin Hamad Al Thani on a


Russia urges joint US air strikes on Syria rebels

Russia has proposed to the U.S.-led coalition that they stage joint air strikes on Syrian rebels, including militant Islamist group Nusra Front, who are not observing a ceasefire, but the US responded coolly on Friday. Such action would begin as of May 25 and be co-ordinated with

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