“Author Archive”
Stories written by Kanelka Tagba

Turkish court sentences German-Turkish journalist to jail over propaganda for PKK

An Istanbul-based court Thursday sentenced German-Turkish journalist Deniz Yucel to two years and nine months in prison in absentia for spreading propaganda for PKK that Ankara considers terror group, reports say. Yucel who lives in Germany and works for several media outlets including Die Welt was arrested on Feb. 14, 2017, one year after the […]

July 17th, 2020 | Posted in Headlines,World News | Read More »

EBRD approves Algeria’s membership application

The European Bank for Reconstruction and Development (EBRD) has validated Algeria’s membership request, a first stage in the full acceptance of the North African country as member of the financial institution founded in 1991. The shareholders of the London-based institution have approved Algeria’s application submitted in March to become recipient of EBRD financing and advisory […]

July 14th, 2020 | Posted in Finance,Headlines,World News | Read More »

Bahraini bank officials sentenced to five years in prison over money laundering charges

Bahrain’s High Criminal Court requested five years in prison for five officials of a local bank suspected for involvement in a money laundering case in connection with three Iranian banks. The officials from Future Bank are also fined a million Bahraini dinars ($2.65 million) each. The court ordered the confiscation of the funds transferred by […]

July 10th, 2020 | Posted in Finance,Gulf News,Headlines | Read More »

French-Tunisian businessman eyeing Olympic de Marseille denies ties with Gulf investors

French-Tunisian businessman Mohamed Ayachi Ajroudi poised to buy French iconic football club Olympic de Marseille (0M) Tuesday said he was not operating on behalf of any investors from the Gulf. Ajroudi has made for himself in France after together with another French businessman and sports manager Mourad Boudjella presented to the public their project to […]

July 1st, 2020 | Posted in Gulf News,Headlines,World News | Read More »

Turkey maintains three journalists in prison over leak of intelligence on military operation in Libya

A Turkish court has maintained in detention three journalists facing prison sentences for revealing the identity of state spy agents who died in Libya where Ankara backs militarily the Government of National Accord (GNA). The reporters have been detained since early March pending trial. One of them, Murat Agirel of the Yenicag newspaper said in […]

June 26th, 2020 | Posted in Headlines,World News | Read More »

Oman rolls out interest-free emergency loan plan for entrepreneurs

Oman ruler, sultan Haitham Bin Tarik, has ordered the country’s financial institutions to provide interest-free loans to Small and Medium Size companies as well as individual entrepreneurs whose businesses have been affected by the covid-19 pandemic. The program according to the ruler’s orders targets more holders of Riyada Card (for small and medium enterprises) and […]

June 24th, 2020 | Posted in Finance,Gulf News,Headlines | Read More »

Emirates NBD cuts 800 jobs in anticipation of future business needs

Dubai’s largest bank Emirates NBD Tuesday laid off 800 employees as the institution launches adjustment plan to navigate impacts of the covid-19 pandemic. A spokesperson for the bank told The Khaleej Times the decision comes as result of the impacts of the pandemic on the economy, financial services sector and the lender itself. “Unfortunately, this […]

June 24th, 2020 | Posted in Finance,Gulf News,Headlines | Read More »

EU removes Tunisia from money blacklist

One month after issuing a draft resolution, the European Union has removed Tunisia from its list of countries that pose threats to the financial system over money laundering and terrorism financing because of lack of legislation at home. The European Commission last month drafted a new list minus several countries including Tunisia. The list was […]

June 12th, 2020 | Posted in Finance,Headlines,World News | Read More »

Egypt sets return of foreign tourists at seaside resorts from July 1

Egypt Thursday said foreign tourists can return to main seaside resorts from July 1 as the North African country tries to relaunch the sector significantly affected by the covid-19 pandemic. International flights will resume to southern Sinai, where the resorts of Sharm el-Sheikh and Dahab are located, Red Sea province, home to the Hurghada and […]

June 12th, 2020 | Posted in Headlines,World News | Read More »

Algeria renames army’s headquarters after late Gen. Ahmed Gaïd Salah

The Algeria President Tuesday renamed the Algerian army’s headquarters after late Chief of State Gen. Ahmed Gaïd Salah who forced former leader Abdelaziz Bouteflika to step down in April last year and led the country until the presidential election in December. A statement by the Ministry of Defense said the renaming is in recognition of […]

June 3rd, 2020 | Posted in Headlines,World News | Read More »