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The Latest Breaking News from Asharq Al-Awsat

Lebanon’s Central Bank Chief Again Charged with Corruption

Lebanon’s Central Bank chief was again charged with corruption on Wednesday, this time after failing to show up for questioning before a European legal team visiting Beirut in a money-laundering probe linked to the governor, officials said. According to the judicial officials, Gov. Riad Salameh, his brother Raja Salameh and…

Asharq Al-Awsat

Türkiye Seeks Extending Grain Deal for 120 Days, Says Defense Minister

Türkiye will continue discussions to extend a deal that allows grain shipments from Ukraine's Black Sea ports for 120 days rather than 60 days, Turkish Defense Minister Hulusi Akar said on Wednesday. "We started negotiations in line with the initial version of the deal. The continuation of the deal is…

Asharq Al-Awsat

Aboul Gheit from Beirut: Arab League Summit Will Be Held in May

The next Arab League summit will be held in Saudi Arabia in May, announced Arab League Secretary-General Ahmed Aboul Gheit from Beirut on Tuesday. He said the summit is likely to focus on economic issues and how to help the neediest Arab regions. Aboul Gheit met with caretaker Prime Minister…

Asharq Al-Awsat

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US Senate Confirms Ratney as New Ambassador to Saudi Arabia

The US Senate approved on Wednesday the appointment of Michael Alan Ratney to serve as the US Ambassador to the Kingdom of Saudi Arabia. US President Joe Biden had announced Ratney’s candidacy for the post back in April, 2022. The US embassy in Riyadh welcomed the appointment. “The US Senate…

Asharq Al-Awsat

US, Israeli Drill Stimulate 'Strategic Strike'

The United States and Israel began a two-week air exercise, simulating a “strategic strike” as part of the Red Flag exercises. Red Flag drills have been held at least three times a year since 1975 at Nellis airbase, considered the US Air Force’s “premier military training area.” The seven F-35I…

Asharq Al-Awsat

Cat Stevens to Return This Summer with a New Album

Legendary British singer-songwriter Cat Stevens will release a new album of original songs this summer that took the “Peace Train” hitmaker over a decade to make and revisits familiar themes of togetherness. The 12-song collection is called “King of a Land” and comes out in June on George Harrison-founded Dark…

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Saudi Finance Minister: Opportunities Available for Saudi Arabia, Iran if Agreement Is Respected

Saudi Minister of Finance Mohammed Al-Jadaan stressed on Wednesday that the Kingdom is committeed to the agreement it reached with Iran to restore diplomatic relations. “There are a lot of opportunities for Saudi investments in Iran and they could happen very quickly following the agreement,” he told the second edition…

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Iranian Govt Blames Protest Leaders for 'Poisoning Attacks'

The Iranian government accused the protest leaders of the mystery poisoning incidents in schools, affecting thousands of female students. Iranian Government Spokesman Ali Bahadori Jahromi blamed the protesters for creating tensions in girls' schools and a tense atmosphere, but they failed. Asked about the investigation of the follow-up committee ordered…

Asharq Al-Awsat

Haaland’s Life Would Be ‘Boring’ Had He Set Record, Says Guardiola

Erling Haaland virtually wrote his own record book for Manchester City against RB Leipzig on a thrilling night at the Etihad Stadium, but manager Pep Guardiola spoiled what might have been one more. Haaland scored five goals as City steamrolled their German opponents into submission in a 7-0 rout to…

Asharq Al-Awsat

Kuwait, Iran Discuss Maritime Border Demarcation

Kuwaiti and Iranian officials held joint talks early this week in the Iranian capital, Tehran, regarding the demarcation of their maritime borders. The official Kuwait News Agency (KUNA) said the discussions came during a meeting of the legal committee of the two countries. Moreover, Kuwait’s Deputy Foreign Minister Mansour Al-Otaibi,…

Asharq Al-Awsat

Swiatek Calls for More Support for Ukrainian Players

World number one Iga Swiatek has called for more support to be offered to Ukrainian players on the women's tour after Lesia Tsurenko said she withdrew from her match against Belarusian Aryna Sabalenka at Indian Wells due to a panic attack. Tsurenko said the attack was triggered by a chat…

Asharq Al-Awsat

US Congress Delegation Praises Rabat-Washington Solid Partnership

Moroccan Foreign Affairs Minister Nasser Bourita received Tuesday a phone call from his Russian counterpart Sergey Lavrov. “The conversation focused on the development of bilateral relations in the framework of mutual respect, constructive dialogue, and strengthening sectoral cooperation,” a statement from Morocco’s foreign ministry said. The pair also discussed “regional…

Asharq Al-Awsat

Saudi PIF to Inject $266 Bn into New Projects

The Saudi Public Investment Fund invested nearly $1.3 billion in four national companies in the contracting sector during the last period, announced Governor Yasser al-Rumayyan. Rumayyan announced the establishment of a general department for national development to determine the strategic directions in economic development and measuring impact. The group launched…

Asharq Al-Awsat

Alcaraz, Fritz, Gauff into Quarterfinals at Indian Wells

Carlos Alcaraz is three victories away from returning to the world's top ranking, having reached the quarterfinals of the BNP Paribas Open on Tuesday. Alcaraz, ranked No. 2, advanced when Jack Draper retired with the Spaniard leading 6-2, 2-0 after 46 minutes of play. It was Alcaraz’s 101st ATP Tour…

Asharq Al-Awsat

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Asharq Al-Awsat

Samsung Electronics to Invest $230 Bln Through 2042 in South Korea Chipmaking Base

South Korean tech giant Samsung Electronics expects to invest $230 billion over the next 20 years to develop what the country's government called the world's largest chip-making base, in line with efforts to boost the national chip industry. Samsung's around 300 trillion won project is part of a 550 trillion…

Asharq Al-Awsat

Time and Money for Love: China Brainstorms Ways to Boost Birth Rate

Concerned by China’s shrinking population, political advisors to the government have come up with more than 20 recommendations to boost birth rates, though experts say the best they can do is to slow the population's decline. China dug itself into a demographic hole largely through its one-child policy imposed between…

Asharq Al-Awsat

NATO Expands Scope of Missions in Iraq

Iraqi Foreign Minister Fuad Hussein discussed Tuesday with Commander of NATO Mission Iraq - NMI, Lieutenant General Giovanni Iannucci, initiating new projects in the country. The meeting reviewed NATO’s mission tasks in Iraq in training the Iraqi security forces and providing military advice in cooperation with the Ministry of Defense…

Asharq Al-Awsat

Political Tensions, New Protests over French Pension Bill

Opponents of French President Emmanuel Macron’s pension plan are staging a new round of strikes and protests Wednesday as a joint committee of senators and lower-house lawmakers examines the contested bill. The latest step in the legislative process to raise the retirement age from 62 to 64 is prompting a…

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Asharq Al-Awsat

Fashion Retailer H&M's December-February Local-Currency Sales up 3%

H&M, the world's second-biggest fashion retailer, reported on Wednesday a 12% increase in December-February net sales while, measured in local currencies, sales were up 3%. The Swedish group said net sales for the period, its fiscal first quarter, were up 12% from a year earlier to 54.9 billion crowns ($5.26…

Asharq Al-Awsat

UNITMAS Head Receives 'Death Threats'

The head of the United Nations Integrated Transition Assistance Mission in Sudan (UNITMAS), Volker Perthes, revealed that he had received death threats from unnamed extremists. Perthes said during a local TV interview that he received the threats via the Internet, asserting that he was comfortable in Sudan and that those…

Asharq Al-Awsat

Burberry Appoints McLaren's Kate Ferry as CFO

British luxury brand Burberry said on Wednesday it had appointed Kate Ferry as its next chief financial officer, succeeding Julie Brown, who is joining GSK. Ferry, who is currently chief financial officer at Formula One and luxury car firm McLaren Group, will join Burberry by early September at the latest,…

Asharq Al-Awsat

WFP: More Than Half of All Syrians Going Hungry

An average monthly wage in Syria currently covers about a quarter of a family’s food needs, the UN World Food Program said in a statement on Tuesday, highlighting an urgent need for increased humanitarian assistance as the country grapples with the devastating impact of recent earthquakes and a 12-year-long conflict.…

Asharq Al-Awsat

Zara Owner Inditex’s Profit Jump in First Year with Marta Ortega at Helm

Zara owner Inditex on Wednesday posted a 27% net profit increase in 2022 as sales exceeded pre-pandemic levels in the first full year since Marta Ortega, daughter of founder Amancio Ortega, took over at the helm of the company. In-store and online sales for the world's biggest fashion retailer reached…

Asharq Al-Awsat

As Corruption Probes Converge, Support for Lebanon Central Bank Governor Frays

Top-level political backing for Lebanon's central bank governor Riad Salameh is starting to fray, political sources say, as the veteran financier once hailed as a banking wizard faces several corruption investigations in the waning months of his tenure. The apparent cooling of support raises questions over the impact the investigations…

Asharq Al-Awsat

Saudi Arabia Says Will Not Sell Oil to Any Country That Imposes Price Cap on Its Supply

Saudi Energy Minister Prince Abdulaziz bin Salman said on Tuesday that the Kingdom will not sell oil to any country that attempts to impose a price cap on its supplies, stressing that the Kingdom has embarked on expanding its capacity to 13.3 million b/d by 2027.

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