Qatar claims evidence of Saudi channel piracy – prepared to take legal actions

Qatar claims evidence of Saudi channel piracy – prepared to take legal actions

DOHA: On Thursday, Qatari broadcaster BeIN said it has “irrefutable evidence” that a pirate channel illegally showing hundreds of live European football matches is being carried on the Saudi-based satellite provider Arabsat. In the latest shot in a long-running conflict over illegal broadcasts ignited by a diplomatic uproar between Qatar...

Details
FATF to tighten anti-terror and financial laws in Pakistan

FATF to tighten anti-terror and financial laws in Pakistan

ISLAMABAD: A delegation leading the global financial watchdog Financial Action Task Force (FATF) has emphasized Pakistan to monitor and tighten its laws and implementation against terror financing and money laundering, media reports read. The Asia Pacific Group (APG) on Money Laundering, which is currently in Pakistan, will submit a report to...

Details
Currency crisis continues, Qatar offers aid as Turkey doubles tariffs on certain US imports

Currency crisis continues, Qatar offers aid as Turkey doubles tariffs on certain US imports

ISTANBUL: Turkey doubled tariffs on some US imports including alcohol, cars and tobacco on Wednesday in retaliation for US moves, but the lira rallied further after the central bank’s liquidity moves had the effect of supporting the currency. Ankara acted amid increased tension between the two NATO allies over Turkey’s...

Details
Dollar hits a 13-month peak on anxiety over Turkey

Dollar hits a 13-month peak on anxiety over Turkey

NEW YORK: The dollar advanced to a 13-month peak on Tuesday against a basket of major currencies as traders increased their safe-haven holdings of the U.S. currency on worries about the fallout from the Turkish lira’s recent fall. While the lira rebounded from an all-time low, concerns about European banks’...

Details
Austria and Iran to foster ties for economy’s growth

Austria and Iran to foster ties for economy’s growth

MOSCOW: Austrian Ambassador to Tehran Stefan Schulz said on Tuesday that Austria was planning to foster its ties with Iran in water resources, renewable energy, and sustainable tourism. “Environment-friendly supply and security of water resources, renewable energies and sustainable tourism are among the objectives specified for the economic plan to cooperate with Iran,” Schulz said,...

Details
India likely to tighten monetary policy to combat rising inflation

India likely to tighten monetary policy to combat rising inflation

NEW DELHI: India’s central bank will need to gradually tighten monetary policy further due to rising inflation, driven mainly driven by higher oil prices and a falling rupee, the International Monetary Fund (IMF) said on Wednesday. The Reserve Bank of India raised the repo rate INREPO=ECI for the second straight...

Details
Pepsi’s first female CEO, Nooyi, likely to leave the role in October

Pepsi’s first female CEO, Nooyi, likely to leave the role in October

Indra Nooyi is stepping down as the chief executive officer of food and beverage giant PepsiCo Inc., handing the reins to a top lieutenant in a transition that will draw attention to the dearth of prominent female CEOs in corporate America. Nooyi, 62, will leave the role in October and...

Details
Revised Policy: Families planning trip to UAE without having to pay for the visa fee of children below 18

Revised Policy: Families planning trip to UAE without having to pay for the visa fee of children below 18

UAE announces a new visa policy, allowing kids under 18 years of age traveling with parents or guardians to avail a two-month free tourist visa. Families planning to travel in summers will be able to do so without having to pay for the visa fee of their children. The decision...

Details
Starbucks announces partnership with Alibaba for delivery services

Starbucks announces partnership with Alibaba for delivery services

Starbucks on Thursday announced a partnership with e-commerce giant Alibaba that will give the US coffee giant greater access to China’s growing food-delivery market as it faces increased competition from local firms. The move comes as Seattle-based Starbucks faces a challenge from upstart Chinese company Luckin Coffee, which has expanded...

Details
Petroleum prices maintained for the month

Petroleum prices maintained for the month

ISLAMABAD: The interim government has decided to maintain the prices of petroleum products at the existing level for the current month. A notification put out by the Ministry of Finance said the prices of petroleum products have been kept the current levels in order to provide relief to the common...

Details