“Author Archive”
Stories written by Peter Mulvany

Emirates NBD in talks to acquire Lebanese BLOM Bank Egypt

Dubai’s largest bank, Emirates NBD is in early talks with Lebanon’s BLOM Bank which is looking to sell its Egypt-based subsidiary BLOM Bank Egypt. The deal is not certain, the Dubai-based bank said though both sides are still continuing the discussion. The talks came into being after BLOM Bank, reportedly hired CI Capital to advise […]

August 13th, 2020 | Posted in Finance,Headlines | Read More »

Istanbul airport gets first ever global airport health accreditation

Turkey’s Istanbul airport has received world first health accreditation underlining the global airports’ observance of the health protocols. The award, given by the Airports Council International (ACI), works with airports by assessing new measures and procedures introduced as a result of the COVID-19 pandemic. It considers cleaning and disinfection, physical distancing, staff protection, physical layout, […]

August 13th, 2020 | Posted in Headlines,World News | Read More »

Japanese banks sign joint loan to fund Qatar’s biggest mega solar power plant

The Japan Bank for International Cooperation (JBIC) and Mizuho Bank have signed a syndicated bank facility worth $330 million to fund the construction of Qatar’s first mega solar power plant, Japan Times reports. “This loan is expected to contribute to further strengthening of the multilayered economic ties between Japan and Qatar,” JBIC said in a […]

August 13th, 2020 | Posted in Energy,Headlines | Read More »

China suspends Etihad Airways Abu-Dhabi-Shanghai route over covid-19 contaminations

China’s aviation regulator said Wednesday it would suspend Etihad Airways from operating its Abu Dhabi- Shanghai flight for a week due covdi-19 contaminations. The decision will be reinforced from August 17, Zaywa reports. China is alarmed by a high number of arriving passengers testing positive for the coronavirus. The move is a blow to the […]

August 12th, 2020 | Posted in Gulf News,Headlines | Read More »

Iran shuts down newspaper for challenging government figures on covid-19 pandemic

Iran Monday shut down a private newspaper after the media publish remarks by an expert who challenged government figures on covid-19 pandemic has caused deaths of the 18,616 people in the Islamic republic. Jahane Sanat according to IRNA news agency has been closed citing the media editor-in-chief Mohammad Reza Sadi. The daily attracted wrath of […]

August 11th, 2020 | Posted in Headlines,World News | Read More »

Israeli air power strikes Hamas facilities in Gaza

The Israeli air force Monday launched a series of air strike on Hamas “facilities” in Gaza strip in reprisal of a rocket launched from the enclave controlled by the Islamist and resistance movement. The rocket according to Israel was fired on Sunday and was intercepted Iron Dome anti-rocket system. It was the first to be […]

August 4th, 2020 | Posted in Headlines,World News | Read More »

Lebanese President appoints adviser as new FM

Lebanese President has appointed his diplomatic adviser as the new Foreign minister after former top diplomat Nassif Hitti resigned Monday citing government’s “lack of willingness for reforms” to pave the way for a bailout by the International Monetary Fund (IMF). Nassif Hitti reportedly, submitted his resignation to Prime Minister Hassan Diab. Hitting according to his […]

August 4th, 2020 | Posted in Headlines,World News | Read More »

Syria, Turkey condemn alleged oil deal between US firm and Kurdish rebels

Syria and Turkey Sunday condemned as illegal an alleged oil deal between a US firm and Kurdish rebels [Syrian Democratic Forces (SDF)] controlling the northeastern part of the war-torn country. The Syrian foreign ministry, Reuters reports, in statement accused the named US firm of “stealing” Syria’s crude. Damascus “condemns in the strongest terms the agreement […]

August 3rd, 2020 | Posted in Energy,Headlines | Read More »

Hezbollah rules out direction confrontation with Israel as tensions escalate

Lebanese powerful Shia movement Hezbollah Tuesday brushed aside possibility of war with Israel amid heated incident between the two sides in recent day. In an interview with Al-Mayadeen TV, Sheikh Naim Qassem, deputy leader of the Iran-backed movement said it is unlikely that both will head for an all-out war in the near future. “The […]

July 28th, 2020 | Posted in Headlines,World News | Read More »

Qatar expresses interest in hosting 2032 Olympic Games

Qatar Monday conveyed to International Olympic Committee (IOC) its interest to host the 2032 Olympic and Paralympic Games. The Olympic committee of the gas-rich country expressed its intentions in a letter of the IOC. “Today’s announcement marks the beginning of a meaningful dialogue with the IOC’s Future Host Commission to explore our interest further and […]

July 28th, 2020 | Posted in Gulf News,Headlines | Read More »