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Updated by arabnewsglobal on Jun 24, 2020
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Arab News KSA

Rules that light path to harmony in the workplace  | Arab News PK

With relationships between employers and staff currently coming under unprecedented strain, it is important to understand what guidance and support are available to both, with the aim of maintaining a healthy work environment. 

Between the lines at the OPEC+ ‘Zoom comms’ | Arab News PK

The OPEC+ press conference that took place on Monday was an exercise in “Zoom communications” that deserves closer analysis. Because of global travel restrictions, the conference was held virtually in place of a traditional media gathering, in which the main players face the press and explain the decisions taken behind closed doors.

Blasts kill 7 people in southern and central Somalia | Arab News

MOGADISHU: At least seven people have died in two separate bomb attacks in southern and central Somalia in the last 24 hours, police and military officers said on Sunday. In the first incident, two bombs planted in front of the house of a military official in Wanlaweyn town, 90 km northwest of the capital Mogadishu, exploded late on Saturday, killing four people, including

Germany climbing out of economic slump: Central bank | Arab News

BERLIN: Germany has turned the corner on the worst of an economic crisis sparked by the coronavirus pandemic and is now on the path to recovery, the central bank chief of Europe’s biggest economy said. “We experienced in the last months the deepest economic slump in Germany’s (post-war) history,” Jens Weidmann told Sunday’s edition of the daily Frankfurter Allgemeine Zeitung.

Women bear the brunt of virus fallout | Arab News

LONDON: The reverberating economic shock of the coronavirus crisis has delivered a massive setback for women because so many work in the badly exposed services sector, experts say. The nature of the outbreak means women are more likely than men to lose or quit their jobs in vulnerable low-paying workplaces like conference venues, hairdressing salons, hotels and restaurants,

Liverpool look for quick Man City favor after derby deadlock | Arab News

LIVERPOOL: Liverpool will need favors from Manchester City to clinch a first Premier League title in 30 years this week after being held to a 0-0 draw by Everton in a Merseyside derby without the usual fervor behind closed doors on Sunday. Everton came the closest to breaking the deadlock as Tom Davies struck the post and Alisson Becker saved from Dominic Calvert-Lewin to deny

Iraqi football legend Radhi dies from COVID-19 | Arab News

BAGHDAD: Iraqi football legend Ahmed Radhi died Sunday from complications linked to COVID-19, the health ministry said, just hours before he was to be flown for treatment in Jordan. Radhi, 56, scored what remains Iraq’s only World Cup finals goal in 1986 against Belgium.

Amlak IPO is test of Saudis’ post-pandemic investment appetite | Arab News

The historic initial public offering (IPO) of Saudi Aramco at the end of last year was expected to kick off a wave of IPOs in the Kingdom, as investors got the flotation bug and markets became more liquid and more comfortable with the concept of public offerings. The pandemic crisis has ensured that, so far, there has not exactly been a tsunami of offerings, but nonetheless

Hungary a land of opportunity for investors | Arab News

While I do not minimize the hardships endured by many millions all over the planet or the economic devastation wreaked by a virus that respects no borders, I am optimistic that, once the coronavirus plague is tamed, most economies built on stable foundations, including that of my homeland the UAE, will experience spectacular economic rebounds. People everywhere are anxious for their lives to return to normal and I can only imagine the celebrations once the threat is lifted.
This plague will be beaten like all others before it, which is why my eyes are firmly fixed on the future. Headquartered in Dubai, my group has always prioritized investing in the UAE, not only because it is home but also because of its solid fundamentals and its ability to reinvent itself to overcome obstacles strewn in its path. However, in recent decades, my group’s hospitality and real estate divisions have expanded their reach into Europe and the US, adding several iconic properties to our hotel and real estate portfolio.
It goes without saying that decisions on whether or not to proceed with asset purchases abroad are largely based on feasibility studies. Businesses need to make profits. But profit is not the only factor that guides me; I need to feel a personal connection with the country in question, its people and, most crucially, its decision-makers.
Since I started investing in Budapest with my acquisition of Le Meridien Budapest in 2012 (now the Ritz-Carlton), everyone I met, from top government officials to ordinary folk, made me feel welcome and appreciated. Hungarians are friendly, hardworking, respectful and genuinely helpful. They are a proud people and are eager to do everything in their power to place their country high on the global investment and tourism map.
I have never met a single person in Budapest, whether Hungarian, foreign resident or investor, who has anything to complain about. They seem to know where the country is coming from and where it is going.
Nowadays, I always look forward to visiting Budapest not just from a business perspective but also to meet up with some of my dearest friends. Hungarians love to socialize and it is a joy to spend time in their company. I will always appreciate the special welcome organized by two of the most fun-loving when I landed at the airport some years ago. To my surprise and great pleasure, there to greet me was a lively Gypsy band.

Gas industry sees strong demand and LNG shortfall post-COVID by mid-decade | Arab News PK

MELBOURNE: The gas industry sees no change to the strong long-run outlook for demand following the COVID-19 crisis, but expects a supply shortfall in the next four years as the lockdowns and oil price collapse lead to delays on gas projects. Gas producers, buyers, liquefied natural gas (LNG) developers and a major contractor said in the long run the fuel will be needed to back

Newest diplomatic row heightens tensions between India and Pakistan | Arab News PK

The tit for tat expulsion of diplomats has triggered a new round of diplomatic hostility between India and Pakistan in a sign of heightening tension between the two nuclear-armed nations. Pakistan has asked India to reduce its diplomatic staff in Islamabad to half in retaliation to the expulsion of Pakistani diplomatic staff from New Delhi. Both countries have accused each

India’s victory at the UN is a setback for Pakistani diplomacy | Arab News PK

Last week, India was elected a non permanent member of the United Nations Security Council. 192 countries participated in the election and 182 member states voted for India. Undoubtedly, the win is a serious setback for Islamabad-- especially with a host of bilateral disputes including Kashmir on the UN’s agenda.  But the election triumph at the UN for India also has many

US envoy slams Houthi attempts to undermine peace | Arab News

RIYADH: The US envoy to Saudi Arabia on Wednesday condemned Iran-backed Houthi drone and missile attacks on the Kingdom which had “set back opportunities for peace” in Yemen. John Abizaid said the launching of armed drones and ballistic missiles into Saudi Arabia, including one fired toward Riyadh, was counterproductive to efforts aimed at bringing an end to fighting in Yemen.

Chinese language program launched at Saudi university | Arab News

RIYADH: Students at Princess Noura bint Abdulrahman University (PNU) will be able to take advantage of a new program teaching business Chinese.

Egyptians cautious as government instigates partial return to normalcy | Arab News

CAIRO: After a 90-day curfew, the Egyptian government has eased some of the precautionary measures it imposed to counter the outbreak of the novel coronavirus (COVID-19).  The government revealed on Tuesday a raft of new measures as part of its previously announced “Coexist with the virus” plan.  Prime Minister Mustafa Madbouly said that, starting Saturday, June 27, certain

Israeli library’s Islamic book collection to help build a new Middle East cultural bridge | Arab News

LONDON: Many are too fragile to be placed on permanent display, some are priceless and all currently languish unseen in the vaults of the National Library of Israel (NLI) on the Givat Ram campus of the Hebrew University of Jerusalem. But over the next three years the library’s remarkable collection of more than 2,500 rare Islamic books and manuscripts, some dating back as far

Pakistan tells India to halve diplomatic staff in Islamabad | Arab News

ISLAMABAD/NEW DELHI: Pakistan on Wednesday asked India to reduce its diplomatic personnel in Islamabad by 50 percent, Pakistani Foreign Minister Shah Mahmood Qureshi said. In a sign of mounting tensions between the two neighboring nuclear powers, India said on Tuesday it would expel half of Pakistan’s embassy staff in New Delhi — accusing them of “espionage” and “terrorism” —