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Dozens of Pakistani companies in Jeddah for trade meet 

Posted: 13 Jan 2019 09:33 AM PST

article author: 
Sun, 2019-01-13 20:15

JEDDAH: Thirty Pakistani and 86 Saudi food and construction companies met at the Saudi Export Development Authority (SEDA) trade mission on Sunday to discuss and explore opportunities to export Saudi products to Pakistan.

The meeting was attended by the Secretary General of SEDA, Saleh Al-Sulami and Deputy Minister of Energy, Industry and Mineral Resources, Abdul Aziz Al-Abdul Karim.

The two sides discussed aspects of joint cooperation and ways to enhance trade and economic relations between the two countries.

SEDA was set up to develop non-oil exports. 

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Iraq says it supports Syria’s return to Arab League

Posted: 13 Jan 2019 09:28 AM PST

Author: 
Associated Press
article author: 
ID: 
1547397567175456200
Sun, 2019-01-13 (All day)

BAGHDAD: Iraqi Foreign Minister Mohamed Alhakim says his country supports efforts to restore Syria's membership in the Arab League eight years after it was expelled from the regional body.
Iraq is one of three countries in the Arab world that never cut ties with Syrian President Bashar Assad's government after its crackdown against anti-government demonstrations in 2011 led to civil war. Syria was cast out of the Arab League the same year.

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Saudi shares lead Gulf market gains

Posted: 13 Jan 2019 09:07 AM PST

Author: 
Shounaz Mekky
article author: 
ID: 
1547398979885578900
Sun, 2019-01-13 20:02

DUBAI: Most Gulf markets closed in positive territory on Sunday but trading volumes were thin as investors awaited company results reporting that will begin this week.
In Egypt, the index gained 1.2 percent, but Global Telecom Holding plunged 7 percent after announcing earlier on Sunday its plan to convert outstanding shareholder loans of $370.6 million plus accrued interest into equity.

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Egypt’s President El-Sisi makes whirlwind visit to Jordan

Posted: 13 Jan 2019 08:54 AM PST

article author: 
Author: 
Zaynab Khojji
ID: 
1547398298625510600
Sun, 2019-01-13 19:53

AMMAN: Egyptian President Abdel Fattah El-Sisi has visited Jordan to meet King Abdullah II to discuss regional political and economic issues, as well as Palestine and Syria.
Mamdouh Abadi, the former Jordanian prime minister, told Arab News he believed the visit was largely about Iran and Syria. "The timing of the visit, just after US Secretary of State Mike Pompeo's tour of the region, makes me think the visit was not about Palestine, but about Syria." 

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Special

Mohammed Khalid Alyahya appointed Editor-in-Chief of AlArabiya.net – English

Posted: 13 Jan 2019 08:26 AM PST

Author: 
Shounaz Mekky
article author: 
ID: 
1547396686105397500
Sun, 2019-01-13 19:24

DUBAI: Dr. Nabeel Al-Khatib,General Manager of Al Arabiya News Network, announces the appointment of Mohammed Khalid Alyahya as Editor-in-Chief of AlArabiya.net -English.

During his career, Alyahya has held several positions at notable international research centers, including as senior fellow at the Gulf Research Center, as well as a non-resident fellow at the Atlantic Council in Washington, DC.

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Quinton De Kock, Dale Steyn put South Africa on course against Pakistan

Posted: 13 Jan 2019 08:05 AM PST

Author: 
Colin BRYDEN | AFP
ID: 
1547395399345326900
Sun, 2019-01-13 15:45

JOHANNESBURG: A century by Quinton de Kock and a double strike by Dale Steyn kept South Africa on course to complete a series clean sweep on the third day of the third and final Test against Pakistan at the Wanderers Stadium on Sunday.
Set to make a daunting 381 to win, Pakistan were 153 for three at the close, needing another 228 runs.
De Kock made an imperious 129, equalling his highest Test score, before South Africa were bowled out for 303.
Imam-ul-Haq and Shan Masood got Pakistan off to their best start of the series, putting on 67 for the first wicket.

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Oil price forecast at $70 for 2019

Posted: 13 Jan 2019 07:57 AM PST

Author: 
Shounaz Mekky
article author: 
ID: 
1547394928855183700
Sun, 2019-01-13 18:55

LONDON: Bank of America Merrill Lynch has retained its forecast that oil will average at $70 this year, after prices rebounded from a two-year low in December.

Despite recent market volatility and economic jitters, the bank sees oil demand growth remaining roughly unchanged at 1.2 million barrels a day in 2019, according to its Global Energy Weekly report.

"Despite bearish investor positioning, Brent has bounced back above $60 a barrel and we retain our $70 a barrel forecast for 2019," the bank said.

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Body found in rubble brings toll to 4 in Paris bakery blast

Posted: 13 Jan 2019 07:41 AM PST

Author: 
By SYLVIE CORBET | AP
article author: 
ID: 
1547393897165095800
Sun, 2019-01-13 (All day)

PARIS: Paris Fire Department said rescuers have found a woman's body under the rubble of a bakery in Paris that was blown apart by a powerful explosion, bringing the overall death toll to four.
The blast Saturday morning in the Rue de Trevise in north-central Paris also injured dozens of people. Paris Fire Department spokesman Eric Moulin told reporters Sunday that 9 people were still in critical condition from the explosion that devastated a Paris street and 45 others also injured but not as seriously.

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Egypt shuts six ports due to bad weather

Posted: 13 Jan 2019 07:38 AM PST

Author: 
Reuters
article author: 
ID: 
1547393757545080200
Sun, 2019-01-13 15:28

SUEZ/ALEXANDRIA: Egypt has closed four ports on the Red Sea and two on the Mediterranean due to bad weather, officials said on Sunday.
The ports of Suez and Zeitiyat were shut in Suez governorate, the Red Sea Ports Authority said. Adabiya and Ain Sokhna ports, in the same governorate, also closed, a source at the General Authority for the Suez Canal Economic Zone said.
The ports of Alexandria and Dekheila on the Mediterranean were shut in Alexandria governorate, said Reda Ghandour, a spokesman for the Alexandria Port Authority.

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Egypt settles $39 mln dispute with Mercedes-Benz importer -ministry

Posted: 13 Jan 2019 07:31 AM PST

Author: 
Reuters
article author: 
ID: 
1547393378535046300
Sun, 2019-01-13 14:27

CAIRO: Egypt has settled a 700 million Egyptian pound ($39.2 million) dispute between its customs authority and an importer of Mercedes-Benz vehicles, the finance ministry said on Sunday.
The ministry did not name the company and said in a statement that a governmental committee tasked with resolving investment disputes ordered the settlement, without providing details.

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