News

Note: This section contains information in English only.
Sat, 06 Jan 2018 15:09:14 GMT

Egypt detains four men over air balloon accident

According to the MENA news agency, Egyptian public prosecutor in the city of Luxor ruled to detain four men related to an air balloon crash that resulted in death of a South African tourist.

Sat, 06 Jan 2018 15:09:08 GMT

Protesters attack car of Greek Patriarch

On Saturday, hundreds of Palestinian Christians blocked and attacked the car of the Greek Orthodox Patriarch Theophilos III protesting against decision to sell local lands to private investors.

Sat, 06 Jan 2018 14:19:42 GMT

Sudan shuts down border with Eritrea

According to the SUNA news agency, Sudan has shut down border with Eritrea. The decision came a week after President Omar al-Bashir declared a semi-annual state of emergency in the regions of Kassala and North Kurdufan.

Sat, 06 Jan 2018 14:15:22 GMT

Two planes collide at Toronto's airport

Two passenger jets collided on late Friday at Toronto's Pearson Airport. Representative of the Calgary-based Westjet assured that none of 168 passengers and six personnel were injured.

Sat, 06 Jan 2018 13:02:40 GMT

VW US top sales manager resigns

The Automotive News reported on Saturday that the Vice President of Sales at VW' North American unit Ron Stach has resigned amid a sudden drop in automobile sales in November and December.

Sat, 06 Jan 2018 13:02:34 GMT

Aeroflot passengers unable to depart from Washington

The Russian airline Aeroflot reported on Saturday that the company in charge of service of flights from Washington airport refuses to fulfil its obligations, thus preventing passengers to depart from the US.

Sat, 06 Jan 2018 12:04:42 GMT

Turkey and Germany need to improve relations

The Foreign Minister of Turkey Mevlut Cavusoglu noted on Saturday that he shares the view of his German colleague Sigmar Gabriel that both countries need to solve all "difficulties and disagreements" through cooperation and dialogue.

Sat, 06 Jan 2018 12:04:36 GMT

Two members of Mugabe's government accused of corruption

On Friday, the former Foreign Minister of Zimbabwe Walter Mzembi and Energy Minister Samuel Undenge were charged with "criminal abuse of office". However, both of them denied the accusation.

Sat, 06 Jan 2018 11:04:45 GMT

Value stock to strengthen in 2018: US fund managers

The US growth fund managers predicted value stock to strengthen in early 2018, as they considered such stock to have greater growth potential amid nearly 20% gain last year.

Sat, 06 Jan 2018 11:02:07 GMT

Amazon maintains online dominance despite increasing pressure

Amazon.com has maintained the online dominance during the holiday shopping season in 2017, despite boosting competition from Target, Best Buy and Wal-Mart Stores.

Sat, 06 Jan 2018 10:06:21 GMT

AT&T withdraws from annual investor conference

AT&T Inc withdrew from the annual investor conference in Las Vegas amid struggle with the US Justice Department over its proposed $85.4B purchase of Time Warner Inc.

Sat, 06 Jan 2018 10:05:04 GMT

US trade deficit jump to $50.5B in November

The US trade deficit inched higher to $50.5B in November, the highest monthly level in six years, discouraging Trump's promise to shrink the deficit in the first year as President.

Sat, 06 Jan 2018 09:04:34 GMT

US fund managers plan funds that double price moves of bitcoin

The US fund managers were planning to build leveraged and inverse funds that would fall or rise twice as fast as bitcoin's price on a given day, if the US Security Regulator approves the idea.

Sat, 06 Jan 2018 09:02:55 GMT

California legislation allows residents to avoid tax changes

The new California bill would allow local residents to make donations instead of paying taxes to avoid the upcoming cap of the federal tax plan on state tax deductions.

Sat, 06 Jan 2018 08:09:56 GMT

EPA CEO aims to get Attorney General job

The US Environment Protection Agency CEO Pruitt stated that he was interested in replacing the Attorney General Sessions as soon as the job position becomes available.

Sat, 06 Jan 2018 08:02:29 GMT

China's regulator increases scruitny over commercial lenders' shareholdings

The Chinese banking regulator has issued interim measures that would tighten scrutiny over commercial lenders' shareholdings, while restricting the number of investments in the domestic bank.

Sat, 06 Jan 2018 07:29:12 GMT

US freezes $125M aid for UN Palestinian refugee agency

Sources close to the matter reported on Saturday that the US froze $125M in funding for the UN's Palestinian refugee agency.

Sat, 06 Jan 2018 07:19:29 GMT

New York companies open to new payroll tax system

Official sources reported that companies in the New York state were ready to move the state income tax to a new payroll tax system.

Sat, 06 Jan 2018 06:22:52 GMT

Saudi king suggests new allowances to offset higher living costs

Saudi Arabia's King Salman ordered a $267 monthly payment to state employees in 2018 as compensation for higher living costs after increased gas prices and VAT introduction.

Sat, 06 Jan 2018 06:22:14 GMT

Venezuela to issue $5.9B in oil-backed cryptocurrency

The President of Venezuela Nicolas Maduro stated that the country would issue 100M units of new oil-backed cryptocurrency "Petro" worth $5.9B, despite uncertainties over the investors' demand.

Sat, 06 Jan 2018 05:32:58 GMT

Fed's Mester anticipated four rate hikes this year

Loretta Mester, the President of Cleveland Federal Reserve, stated that she anticipates roughly four rate hikes in 2018 amid economic pick-up and low unemployment

Sat, 06 Jan 2018 05:32:13 GMT

Bristol-Myers expects $3B tax hit in Q4 2017

Bristol-Myers Squibb is expected to record a $3B charge in the December quarter of 2017, as a consequence of the US tax reform passed, the drugmaker stated.

Fri, 05 Jan 2018 21:04:12 GMT

Dollar rises on rate hike hopes

The US Dollar advanced on Friday, as investors did not find any information in the latest non-farm payrolls report that could stop the Fed's interest rate hike plans for this year.

Fri, 05 Jan 2018 21:04:04 GMT

FEMA transfers risk to 28 private reinsurers

The US Federal Emergency Management Agency (FEMA) said it has transferred $1.46B of risk from the National Flood Insurance Program (NFIP) to 28 nongovernmental reinsurers for this year.

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