Arab News

Arab News

Followers 2
Following 0
What has mainly grabbed the headlines so far are efforts by pharmaceutical laboratories to come up with successful treatment options, vaccines in particular.Behind the scenes, complex negotiations are under way to buy a working vaccine as soon as it becomes available, according to experts.Several countries, including some in the Middle East, are involved in talks with leading companies and research institutes engaged in various phases of trials.https://arab.news/8kpnv 
 Riad Salameh has long been perceived as the strongman of Lebanon, the guardian of an economic model that has been the envy of many throughout the region.A skilled financier, he guaranteed the stability of the Lebanese pound for nearly 30 years and was awarded by the largest financial institutions.The banker saw his life change, however, with the October 2019 uprising and the economic collapse, which have mired the Land of the Cedars in turmoil.
The agreement, brokered by Donald Trump, makes the UAE the third Arab country to have full diplomatic relations with Israel in return for an end to Israeli threats to annex Palestinian land.In Jerusalem on Monday, Pompeo said he hoped more Arab countries would reach similar agreements with Israel.In the call with Sheikh Mohammed, they discussed the prospects for strengthening the deal “in a way that serves the foundations of peace and stability in the region.https://arab.news/rnp4d 
Western Europe, particularly Spain, Italy Germany and France, has been hit with infection levels not seen in many months, sparking fears of a fully-fledged second wave.And in Asia, South Korea became the latest country to announce it would boost restrictions to try to stem a new outbreak, after largely bringing the virus under control.Across the world, the number of deaths has doubled to just over 800,000 since June 6, with 100,000 fatalities in the last 17 days alone, while more than 23 million cases have been reported.
Health authorities reported 10,339 new cases and 912 deaths, bringing the total to 3,044,940.Cases have leveled off in India’s two largest cities, with serological surveys showing widespread prevalence among the residents of the capital, New Delhi, and financial center Mumbai.https://arab.news/vtewr 
S Global Ratings maintained the “selective default” or “SD” rating for Lebanon’s foreign debt, after the country first defaulted in March, but three more bonds were cut to “D” from “CC,” the agency said.“The recent catastrophic explosion in Beirut is deepening the country’s economic crisis,” S said in a statement.“A protracted political vacuum or weak new government could further delay policy reforms, external aid and debt restructuring negotiations.https://arab.news/9ce6n 
One of the sources said Deutsche Boerse and Swiss stock exchange Six had also presented bids for the MTS platform used for trading Italy’s huge sovereign debt.The non-binding bids for a stake of more than 60 percent in MTS are believed to be in the range of €300-€350 million ($355-$410 million), sources said.Italian daily la Repubblica reported on Saturday that the US stock exchange Nasdaq had also presented a non-binding offer, as well as the bidders cited to Reuters.https://arab.news/58f46 
Houston missed its first seven shots of overtime before Danuel House made a 3-pointer with less than a minute left.By then it was too late.Game 4 of the best-of-seven series is Monday.The Thunder had a balanced scoring attack, with Shai Gilgeous-Alexander adding 23 points and Danilo Gallinari had 20.Jeff Green had 22 points for the Rockets.They have played the entire series without Russell Westbrook, who is out with a strained right quadriceps.https://arab.news/2rffj 
Few wore protective face gear despite a spike in coronavirus infections in France, while bars were also packed as people watched the game, sparking concern over social distancing.Police will be deployed to the Champs Elysee and the area around PSG’s Parc des Princes stadium on Sunday night, when PSG meet German champions Bayern in Lisbon, France’s Interior Minister Gerald Darmanin said.https://arab.news/zafjp 
For example, Babylon Healthcare Services Ltd., the fast-growing mobile medical consultation service, has raised $550 million in Series C funding, elevating the company to unicorn status.The PIF led the round that valued the company at $2 billion with a total of $635 million raised.The new capital will enable the company to expand into more markets, including the US and Asia.
The body continues to listen, support, and address the affairs and welfare of the Kingdom’s athletes.During the lockdown period, officials invited athletes from different sports to voice any concerns and as preventive measures have begun to ease that discussion process has been maintained through online social networks and chatrooms.And the ability to attract sponsors was one of the top priorities to emerge among athletes.https://arab.news/89eyk 
A cease-fire or reduction of violence can be among the items in the agenda of the talks,” he said.This follows President Ashraf Ghani signing a decree for the release of 400 hardcore Taliban prisoners on Monday — who Kabul said were responsible for some of the worst attacks in the country in recent years — thereby removing the last obstacle to the start of the negotiations set by the Taliban.https://arab.news/v6ba4 
Egypt’s Minister of Civil Aviation Mohamed Manar said a high-level committee will examine all shipments in storehouses and containers in the cargo areas of airports in the country, including Cairo.The investigation will help to ensure the safety of employees and visitors at Egypt’s airports, he said.The committee’s precautionary measures will include immediately moving hazardous materials to safe storage areas away from airports and residential areas.https://arab.news/2j2e7 
UAE’s Minister of Energy and Infrastructure Suhail Al-Mazrouei, Sudan’s Minister of Energy and Mining Khairy Abdel Rahman and Minister of Infrastructure Hashim Ibn Auf also discussed technological details of joint projects during the meeting on Tuesday.The report did not reveal details of the projects or discussions, but UAE has pledged $50 million in support of economic growth in Sudan in cooperation with World Bank late June.
Scholarship students can resume their studies remotely in all academic levels until the end of 2020, Education Minister Hamad Al-Asheikh said in a directive.The minister also confirmed that students who returned to the Kingdom to study remotely during the pandemic will continue to receive their allocated allowances (sans their spouses/accompanying guardian).https://arab.news/wjbbd 
In Saudi Arabia, every blood donor center has a disaster operation plan, Omer Al-Saweed, supervisor of the blood bank at Security Forces Hospital in Riyadh, said.Blood donor centers send daily inventory reports to the National Crises and Disasters Control Center.However, while blood stocks in the Kingdom are generally adequate, many believe there is a need for greater awareness of the importance of blood donationshttps://arab.news/pxf6h 
The painful reality is that no one expects those responsible for this act of criminal negligence to be held to account.Such accountability ceased in Lebanon a long time ago.It was therefore no surprise when many Lebanese expressed a wish for recolonization by France; the French principles of liberty, equality and fraternity are currently but a distant dream for every honest Lebanese on the planet.
The implicit assumption was that the resistance movement in the area would lose steam, making New Delhi’s hold over the territory absolute.The government of India was hoping to reduce military presence in the disputed Himalayan state as normalcy returned.There was also a belief that more development allocations would result in socioeconomic emancipation, ushering in a new era of peace and prosperity in Kashmir.
Consumption of printed newspapers has fallen as lockdowns undermine physical distribution, almost certainly accelerating the shift to an all-digital future,” the Reuters Institute’s 2020 annual report said.Major dailies in Brazil and Mexico have already switched to online-only or dropped some days’ editions, while in the Philippines 10 of the 70 newspapers in the PPI association have shuttered.https://arab.news/zsstr 
The painful reality is that no one expects those responsible for this act of criminal negligence to be held to account.Such accountability ceased in Lebanon a long time ago.It was therefore no surprise when many Lebanese expressed a wish for recolonization by France; the French principles of liberty, equality and fraternity are currently but a distant dream for every honest Lebanese on the planet.
More

Top