Business

Trump seeks Gulf virus cooperation in Qatari emir talk

Emir of Qatar Tamim bin Hamad Al Thani (L) meets with US President Donald Trump (R) US president asks Qatari Emir Sheikh Tamim bin Hamad al-Thani ‘to take steps toward resolving the Gulf rift’: White House U.S. President Donald Trump urged an end to regional divisions in the Persian Gulf during a telephone call with

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Turkish, Somali presidents speak over phone

Two discuss global fight against COVID-19, bilateral ties, regional developments The presidents of Turkey and Somalia on Wednesday discussed the global fight against the coronavirus pandemic in a phone call, according to an official statement. Turkey’s Directorate of Communications said Recep Tayyip Erdogan and his Somali counterpart Mohamed Abdullahi Farmajo also exchanged views on bilateral

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What impact will the oil price crash have on the Arab world?

Photo: Credit Reuters Saudi Arabia’s Crown Prince Mohammed bin Salman Oil prices have hit zero. Yes, oil was “sold” this week with producers only asking buyers to pay for transporting it to its final destination. This is the worst collapse in oil markets in history; it is unprecedented for oil to lose 94 per cent

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Turkish energy producer paid $2.5 million in bribes for Ghana power plant contract – FT

Turkish power producer Aksa Energy allegedly paid $2.5 million in bribes to Ghanaian officials, in order to secure a 2015 contract for building an electricity plant in Ghana, the Financial Times reported on Tuesday. The deal was brokered by Asante Berko, then executive director for U.S. bank Goldman Sachs’ London office, who himself purportedly received

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Debt headache compounds Kenya’s worries amid fears for economy

The amount of debt falling due this year has dropped by Sh29 billion after reconciliations passed through the supplementary budget by the National Treasury. The drop has revised what Kenya planned to pay this year to Sh253.2 billion, down from the Sh282.3 billion that was contained in the original budget for 2019/20. The revision comes

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Coronavirus puts missile showdown between Turkey and U.S. on hold

U.S. President Donald Trump and Turkey’s President Recep Tayyip Erdogan leave the stage after family photo during the annual NATO heads of government summit at the Grove Hotel in Watford, Britain December 4, 2019. REUTERS/Peter Nicholls/Pool/File Photo Turkey’s plans to switch on its new Russian missile defence systems have been delayed by the coronavirus outbreak

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Japan’s exports sink in March as pandemic hits major markets

This July 8, 2019, photo, shows cars to be exported at Kawasaki port, near of Tokyo. Japan’s exports sank 11.7% in March as the coronavirus pandemic slammed auto shipments to the U.S. The Finance Ministry said Monday, April 20, 2020 that exports to the U.S. fell 16.5% in March from a year earlier, while those

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Asian shares fall back on weak oil prices, Japan trade data

People wearing face masks walk past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, April 20, 2020. Shares were mixed in Asia on Monday, while oil prices have fallen back. (AP Photo/Vincent Yu) Shares trended lower in Asia on Monday as oil prices fell back and Japan’s

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Trump gives governors options on how to reopen the economy

President Donald Trump listens during a briefing about the coronavirus in the James Brady Press Briefing Room of the White House, Thursday, April 16, 2020, in Washington. (AP Photo/Alex Brandon) President Donald Trump has given governors a road map for recovering from the economic pain of the coronavirus pandemic, laying out “a phased and deliberate

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Global stocks, oil prices sink after grim IMF forecast

A masked man walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Wednesday, April 15, 2020. Asian stocks edged lower Wednesday after the International Monetary Fund said the global economy will suffer its worst year since the Great Depression of the 1930s due to the coronavirus pandemic.

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