Thursday 24 May 2018

Ex-Yemen president's party says accepts peace terms

The party of Yemen's former president, a main player in the messy, months-old civil war, said in an emailed statement that it accepts a peace plan brokered by the United Nations in talks in Oman. The General People's Congr


Cash-flush Gulf banks grab top spots in loan market

Cash-rich Gulf banks are grabbing a growing share of the region's loan market as they cut fees and ease terms, elbowing aside some of the foreign banks which used to dominate lending. &nbs


Saudi bans Indonesia, Filipino workers

Saudi Arabia has stopped granting work permits to domestic workers from Indonesia and the Philippines, following hiring conditions imposed by the Asian countries, said a report. The Saudi move comes after authorities in Indonesia and Phili


Bharti issues terms for $8.5bn Zain loan

India's Bharti Airtel, in talks to buy the African mobile operations of Kuwait's Zain for $9 billion, has issued a term sheet to banks to raise up to $8.5 billion in offshore loans to fund the deal, banking sources said. The six-ye

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