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Asr
15:43
Wednesday
19
September 2018

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Markets

2,737.27 -0.21%
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244,873,670
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-0.21%
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1,891
10
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5
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4,863.23 -0.27%
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-0.27%
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947
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RAK Ceramics
2.39
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Aman
0.6
Al Madina
0.29
UPP
0.68
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0.6
Deyaar
0.45
FAB
14.2
UPP
0.68
Deyaar
0.45
Salama
0.6
Drake & Scull
0.4

Arab News


25 minute 58 second

Yemen central bank nearly doubles interest rate to halt riyal plunge

ADEN: Yemen’s central bank, based in territory controlled by its exiled government, nearly doubled its interest rate on Wednesday in an effort to stabilise the riyal after violent demonstrations against a plunging currency. State news agency Saba said the rate on certificates of deposit had been hiked to 27 percent. An official at the bank said the previous rate had been 15 percent for the past four years. Yemen’s currency has halved in value against the US dollar since the start of a civil war in 2014, when the capital was captured by the Iran-aligned Houthi movement and the government...
31 minute 27 second

Qatar Airways announces $69 million revenue loss this year

DUBAI: Qatar Airways says it suffered a $69 million loss this year off revenue of $11.5 billion amid a boycott of Doha by four Arab nations.The carrier made the announcement in a statement Tuesday, over a year after the boycott saw Qatar Airways locked out the airspace of Bahrain, Egypt, Saudi Arabia and the United Arab Emirates.Qatar Airways also adjusted its profit in 2017 to $766 million off revenue of $10.7 billion.The airline's chief executive, Akbar al-Baker, said: "This turbulent year has inevitably had an impact on our financial results, which reflect the negative effect the illegal blockade has had...
1 hour 22 minute

Turkey jails 24 Istanbul airport workers pending trial after protests

ISTANBUL: A Turkish court has jailed pending trial 24 people involved in protests over work conditions at Istanbul’s new airport last week, broadcaster CNN Turk said on Wednesday.The airport is a centerpiece of a 15-year construction boom under President Tayyip Erdogan. It has an initial planned capacity of 90 million passengers a year, making it one of the world’s biggest airports.Istanbul’s governor said on Sunday more than 400 people were initially detained for taking part in the protests. Work resumed at the airport on Monday with a heavy police and gendarmerie presence, according to labor unions.A total of 43 people...

1 hour 25 minute

Rights group documents fresh S.Sudan ‘war crimes’

NAIROBI: A rights group on Wednesday accused the government of South Sudan and its allied militias of carrying out “war crimes” of “staggering brutality” during an offensive earlier this year.Amnesty International’s report, based on research following a government offensive on Leer and Mayendit counties in the northern Unity State between April and June, catalogued the testimonies of around 100 civilians who escaped the attacks.“The offensive was characterised by staggering brutality, with civilians deliberately shot dead, burnt alive, hanged in trees and run over with armored vehicles,” Amnesty said.The group also documented “systematic sexual violence,” rape and gang-rape as well as...
1 hour 28 minute

UK police: possible hate crime outside Muslim center; 3 hurt

LONDON: British police are investigating a possible hate crime after a car hit pedestrians near a Muslim community center, injuring three people.Police were called early Wednesday morning after a confrontation developed between four people in a car and a large group of people visiting a Muslim community center and mosque in the Cricklewood area of northwest London.Officials said some anti-Muslim comments were made and the car reportedly sustained minor damage from some of the people from the center. It then sped off, hitting three people without stopping.Police said the injuries are not life threatening although two people needed hospital treatment....
1 hour 47 minute

A powerful ode to a long-lost golden age

ABU DHABI: There’s a scene in Wael Koudaih and Randa Mirza’s audio-visual collaboration “Love & Revenge” that takes its lead from Giuseppe Tornatore’s “Cinema Paradiso.” A series of censored kisses stitched together to music, it epitomizes much of what the show tries to achieve. A sense of tenderness. “It talks to human emotions,” says Mirza of “Love & Revenge.” “It talks to people in a way that is away from political agendas. The Arab world is rich in culture, in meaning, in love. There’s happiness and human relationships. All of this is completely ignored when the Arab world is only...

2 hour 14 second

Will flying cars take off? Japan’s government hopes so

TOKYO: Electric drones booked through smartphones pick people up from office rooftops, shortening travel time by hours, reducing the need for parking and clearing smog from the air.This vision of the future is driving the Japanese government’s “flying car” project. Major carrier All Nippon Airways, electronics company NEC Corp. and more than a dozen other companies and academic experts hope to have a road map ready by the year’s end.“This is such a totally new sector Japan has a good chance for not falling behind,” said Fumiaki Ebihara, the government official in charge of the project.Nobody believes people are going...
2 hour 1 minute

Malaysia urged to ban child marriages as older man weds teen

KUALA LUMPUR, Malaysia: Malaysia’s government has come under renewed pressure to outlaw child marriages after another case of a child bride surfaced in a rural state, the second in two months.The New Straits Times newspaper reported that a 15-year-old teenager became the second wife of a 44-year-old Muslim man in northeast Kelantan state. It says the union was approved by the Shariah court with her parents’ consent. The case came two months after a Kelantan rubber trader married an 11-year-old girl as his third wife.Muslim girls under the minimum legal marriage age of 16 can wed with the consent of...
2 hour 3 minute

Mexican official fired over bodies stored in truck says he’s a scapegoat

MEXICO CITY: Mexican authorities fired a forensic official on Tuesday after an outcry over the storage of some 150 bodies in a refrigerated container truck that roamed towns in Jalisco state, where morgues are filled with victims of the country’s drug war. Killings in the western state, home to one of Mexico’s most violent and powerful drug gangs, the Jalisco New Generation Cartel, have already hit a record 16,339 so far this year, and the national homicide rate is rising having already hit its highest in modern history last year.Accusations that authorities in Jalisco were mishandling bodies flared last week...

2 hour 3 minute

Models make their way to Milan

DUBAI: The who’s who of the fashion world, including Somali-American model Halima Aden and Lebanese-Australian influencer Jessica Kahawaty, have touched down in Italy for Milan Fashion Week.The event kicked off on Wednesday with cutting-edge couturiers taking over the city to present their women’s ready-to-wear Spring/Summer 2019 collections, while doffing a collective cap to the environment.Aden took to Instagram to share her excitement, while Kahawaty has posted various snapshots of herself posing around the city.Following on the high heels of New York and London fashion weeks, and ahead of the biggest of them all in Paris, Milan’s catwalk season will see...
2 hour 6 minute

US surgeon, girlfriend charged with rape, ‘hundreds’ of victims possible

LOS ANGELES: An orthopedic surgeon in California who once appeared on a dating reality show and his girlfriend have been charged with drugging and sexually assaulting two women, in a case prosecutors suspect might involve hundreds of other victims.Authorities told AFP on Tuesday they had received dozens of leads in the probe, just hours after a press conference held to try to encourage other women to come forward.“I am being told by investigators that their phones have been very active this afternoon,” said Michelle Van Der Linden, a spokeswoman for Orange County prosecutors.“People are calling with additional information and we...
2 hour 33 minute

Upcoming albums to end the year on a high note

DUBAI: Very few artists are synonymous with a genre — but David Guetta is the emissary of EDM, the head honcho of house. The Frenchman might get flak from detractors about his live performance style, but it is unlikely the multi-platinum-selling DJ and producer loses much sleep over it. “7,” his seventh studio outing (queue the memes), is a double album jam-packed with sizzling crossover collaborations featuring pop/hip-hop luminaries such as Justin Bieber, Sia, G-Eazy and Nicki Minaj. With another runaway hit on the cards, slowing down does not appear to be in 50-year old Guetta’s plans. View this post...