News

Note: This section contains information in English only.
Mon, 10 Dec 2018 05:33:23 GMT

Roche executive O'Day to become new Gilead Sciences CEO

The drugmaker Gilead Sciences is set to appoint Daniel O'Day, the executive of Roche Holding AG, as the company's new CEO with the official announcement expected to be made on Monday.

Mon, 10 Dec 2018 04:27:29 GMT

Egypt approves BP purchase of 25 percent of Nour gas concession

BP and UAE-based Mubadala Investment are set to purchase stakes in the Nour deepwater gas concession of the northern coast of Sinai after approval by the Egyptian Petroleum Ministry.

Mon, 10 Dec 2018 04:23:50 GMT

Interserve negotiates debt conversion to new equity

The UK outsourcing firm Interserve stated that it was in talks with lenders over a plan of debt reduction, which is likely to include converting a significant part of its debt into equity.

Mon, 10 Dec 2018 03:34:24 GMT

Alibaba to control film unit Alibaba Pictures

Alibaba Group Holding stated on Monday that it is set to increase the stake in Hong Kong-listed Alibaba Pictures to 51%, taking control of the film unit's board.

Mon, 10 Dec 2018 03:28:48 GMT

Japanese GDP contracts strongly in Q3

Japan's economy contracted the most in more than four years in the Q3, as capital expenditure fell, raising concerns over domestic and overseas demand amid trade war.

Sun, 09 Dec 2018 21:23:00 GMT

Switzerland postpones signing treaty with EU

The Swiss government stated on Saturday it needed more political consultations in order to sign a treaty concerning relations with the European Union.

Sun, 09 Dec 2018 21:17:51 GMT

Chile refuses to sign UN pact on migration

The Chile's Interior Ministry Subsecretary Rodrigo Ubilla said on Sunday that the government would not sign controversial UN pact, noting "migration is not a human right".

Sun, 09 Dec 2018 20:24:26 GMT

Le Drian asks Trump to stay away from French affairs

The Foreign Minister of France Jean-Yves Le Drian stated on Sunday that the United States must not interfere in the country's internal affairs.

Sun, 09 Dec 2018 20:20:59 GMT

Macron to comment protests in Paris tomorrow

The President of France Emmanuel Macron will address the nation tomorrow regarding anti-government protests, which continues for the fourth consecutive weekend, the Elysee palace stated on Sunday.

Sun, 09 Dec 2018 19:20:30 GMT

Hungary to reject new global compact of UN over refugees

After rejecting the UN's global compact over migration, Hungary is set to reject the global compact of UN over refugees, as it may encourage the emergence of new dangerous migration flows.

Sun, 09 Dec 2018 19:18:42 GMT

Belgian PM forms new government

On Sunday, the Prime Minister of Belgium Charles Michel was forced to relaunch his government, as the Flemish N-VA left coalition amid tensions related to signing the UN document on migration.

Sun, 09 Dec 2018 18:19:09 GMT

Saudi refuse to extradite suspects in Khashoggi murder

The Foreign Minister of Saudi Arabia Adel Al-Jubeir stated on Sunday that his country would not extradite its citizens, including suspects in the Khashoggi case.

Sun, 09 Dec 2018 18:15:44 GMT

World Bank gives Egypt $1B loan

The World Bank has agreed to provide a $1B loan to Egypt in order to support its private sector, the World Bank Vice President Ferid Belhaj said on Sunday.

Sun, 09 Dec 2018 17:04:42 GMT

Jordan to withdraw controversial cybercrimes law

On Sunday, the Jordan governments spokesman Jumana Ghunaimat said that the country would withdraw the controversial cybercrimes bill, submitted to Jordan's Parliament.

Sun, 09 Dec 2018 17:03:18 GMT

Macron plans to meet employers' organisations and trade unions

According to a source in an Elysee Palace, the French President Emmanuel Macron hold a meeting with representatives of employers' organisations and the French trade unions.

Sun, 09 Dec 2018 16:15:11 GMT

May insists on crucial Brexit vote

On Sunday, the UK Prime Minister Theresa May insisted that a crucial parliament vote on her draft Brexit agreement would go ahead as planned.

Sun, 09 Dec 2018 16:13:10 GMT

May's deal looks set to be rejected by parliament

Several pro-Brexit ex-government ministers urged the UK Prime Minister Theresa May to go back to the European Union and renegotiate a better deal, as parliament prepares to vote on her draft Brexit deal.

Sun, 09 Dec 2018 14:06:21 GMT

Spanish housing prices grow 7.2% in Q3

Spain's housing prices increased 7.2% in the Q3 of 2018, compared with the quarter last year, according to the report by the Spanish Statistical Office.

Sun, 09 Dec 2018 14:04:47 GMT

AIIB approves $400M loan for drinking water project in India

About 3.3M people in India are likely to access safe drinking water after the approval of a credit of $400M by the AIIB.

Sun, 09 Dec 2018 13:22:26 GMT

Serbian budget or 2019 targets faster development, higher standard

The new budget of Serbia brought significant increase in salaries of public sector, as well as capital investments and pensions, in a bid to fuel development and improve living standards.

Sun, 09 Dec 2018 13:22:18 GMT

China's AI industry to exceed $145B by 2030

The value of Chinese core Artificial Intelligence industries is likely to exceed $145.47B by 2030, the latest report by BI stated.

Sun, 09 Dec 2018 12:22:16 GMT

Johnson says Brexit deal should be renegotiated

The former British Foreign Minister Boris Johnson stated on Sunday that even if Theresa May lost vote on Brexit she could keep the post of Prime Minister and renegotiate the deal in Brussels.

Sun, 09 Dec 2018 12:17:35 GMT

China, Hong Kong bourses reach consensus on dual-class shares

The Hong Kong Stock Exchange stated on Sunday that it managed to reach a deal with Shenzhen and Shanghai stock exchanges on mainland investors' trading with Hong Kong-listed enterprises with double voting rights.

Sun, 09 Dec 2018 11:16:16 GMT

Bahrain criticizes Qatar at GCC summit

The Foreign Minister of Bahrain Sheih Khalid bin Ahmed Al Khalifa on Saturday criticised Qatari emir for not attending the Gulf Cooperation Council's (GCC) summit personally.

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