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The solutions for the decline in business, as suggested by protesters, are to “ban the apps completely, with harsh punishments for those who continue to operate after that”. (Shutterstock)
November 15, 2018 - 05:06 GMT
Hundreds of taxi drivers on Tuesday held a protest denouncing the deterioration in the demand of their services, which they attributed to the licencing of ride-hailing apps.
Iraq has extensive trade ties with Iran and heavily depends on Iranian natural gas imports for electricity generation. (Shutterstock)
November 15, 2018 - 05:00 GMT
Iraq has rejected a US deadline to stop importing Iranian gas, warning that any halt to the supplies would create a real power crisis which sparked several days of unrest in Basra and elsewhere this summer.
Baeidinejad said the conditions set by the US for Iran so that Washington would stop pressuring Tehran were “impossible to meet.” (Press TV)
November 15, 2018 - 04:54 GMT
Tehran’s envoy to the UK says the US has failed to rally the world community behind its new sanctions against Iran, and that the Islamic Republic possesses “enough leverage” to keep its oil sales going despite US attempts to reduce them to “zero.”
The EU foreign policy chief and three European foreign ministers in their statement slammed the re-imposition of Washington's fresh sanctions on Iran. (Shutterstock)
November 15, 2018 - 04:48 GMT
Dutch Deputy Foreign Minister Andre Haspels asserted that the European Union will continue supporting the nuclear pact of July 14, 2015 as the IAEA has repeatedly verified Iran’s adherence to its commitments.
The 898-article law would be divided into four sub-laws and then forwarded to GCC trade ministers’ council for ratification (Shutterstock)
November 15, 2018 - 04:43 GMT
GCC undersecretaries have agreed on a unified trade law, said Khaled Al-Fadhel, Kuwait’s commerce and industry ministry undersecretary said Wednesday
According to security sources, the results of the investigations conducted on the liquor shipment came as an unexpected shock due to the involvement of the religious scholar’s son and the senior official. (Shutterstock)
November 15, 2018 - 04:38 GMT
The son of a religious scholar has been charged with attempting to smuggle a huge shipment of liquor into the country, and he has named a senior official of Criminal Investigations Department as his accomplice, reports Al-Qabas daily.
Apart from Bangladeshis, there are 1,000 other migrants from India, Nepal, Ghana and Sri Lanka, Rahman said. (Shutterstock)
November 15, 2018 - 04:34 GMT
Around 300 Bangladeshi migrants are now living in uncertainty in Qatar since the employer Hamton International has not paid their salary for about six months. The workers are now living in a camp at Al Shahaniya, about 20km from Doha.
“We want you to be inspired, not just by our speakers, but by your fellow guests,” (Misk Foundation)
November 15, 2018 - 04:28 GMT
The third annual Misk Global Forum opened Wednesday in Riyadh, with opening remarks by the forum’s executive manager, Shaima Hamidaddin.
Beijing investments in the region hit $30 billion, as a result of the development of Arab-Chinese relationships in the fields of economy, investment, finance and banking. (Shutterstock)
November 15, 2018 - 04:24 GMT
Trade exchange between China and the Arab countries recorded $200 billion in 2017, which is four times higher than the volume of 2014.
In the first five cycles, the IRENA/ADFD Project Facility allocated $214 million to 21 renewable energy projects across the globe, covering up to 50 percent of the project costs. (Shutterstock)
November 15, 2018 - 04:19 GMT
The Abu Dhabi Fund for Development (ADFD) and the International Renewable Energy Agency (IRENA) are calling applicants for the 7th cycle of proposals to access funding of more than US$50 million for renewable energy projects through the IRENA/ADFD Project Facility, IRENA announced on Wednesday.
The oil sector seeks to encourage new American companies to work in Egypt and encourage existing US companies to pump further investments, he added. (Shutterstock)
November 15, 2018 - 04:14 GMT
Minister of Petroleum and Mineral Resources Tareq el Molla on Tuesday discussed in a meeting with US Deputy Assistant Secretary for Oil and Natural Gas Shawn Bennett means of boosting the Egyptian-American partnership in the fields of oil and natural gas, in addition to investment opportunities available in the Egyptian petroleum sector.
SWIFT does not have any role in maintaining accounts and currency settlements and with disconnection of SWIFT services. (Shutterstock)
November 14, 2018 - 11:11 GMT
Central Bank of Iran (CBI) in its latest report said that Society for Worldwide Interbank Financial Telecommunication (SWIFT) does not have any role in keeping accounts and settlement of currency.
Washington’s newly imposed sanctions on Iran have given rise to many speculations concerning the fate of Tehran’s recently stepped up investments in Syria. (Shutterstock)
November 14, 2018 - 11:03 GMT
Washington’s newly imposed sanctions on Iran have given rise to many speculations concerning the fate of Tehran’s recently stepped up investments in Syria.

Top oil producers, meeting in Abu Dhabi on Sunday, demanded new “strategies” based on production adjustments to deal with market discrepancies between high supply and low demand. (Shutterstock)
November 14, 2018 - 10:57 GMT
Oil prices rose nearly 2 percent on Monday, recording the biggest daily rise in more than a month, after Saudi Energy Minister Khalid al-Falih said that the Organization of the Petroleum Exporting Countries (OPEC) will hold its position as the “World Bank” for global oil markets.
Saudi Aramco, ADNOC Sign Agreement to Invest in Gas Exploration. (Shutterstock)
November 14, 2018 - 10:44 GMT
Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) signed on Monday a strategic framework agreement to create opportunities for cooperation in the natural gas and liquefied natural gas (LNG) sector, which has the potential to enhance the revenue growth in a market of strategic importance to both companies.
US Imposes New Sanctions on Hezbollah Citing Iraq Relations. (Shutterstock)
November 14, 2018 - 10:37 GMT
The United States imposed on Tuesday new sanctions against Hezbollah’s financial network, targeting officials responsible for its operations in Iraq.