October

A mixed picture for US cars sales

Chicago - Muslimchronicle

The American automobile market offered a mixed picture in October, with some companies maintaining a sales upswing thanks to hurricane recovery, while others once again saw declines. American car sales declined 11 percent compared to the prior month, and fell 1.3 percent compared to October 2016, according to research firm Autodata. Despite plentiful financial incentives and a relatively flat averageRead more

Saudi Border Guards foil infiltration attempts of 3,680 people in a week

Jeddah - Muslimchronicle

Saudi Border Guards stationed in the border areas between Saudi Arabia and Yemen foiled the infiltration of 3,680 people across the Saudi-Yemeni border since the beginning of October. Border Guard's spokesman Colonel Saher bin Mohammed Al-Harbi said that the "Border Guards in the southern regions had managed from the beginning of October till Sunday to thwart several attempts to crossRead more

BT warns on 2017, 2018 profit after Italian accounting scandal

London - Arab Today

Britain’s BT cut its revenue, earnings and cash flow forecasts for the next two years on Tuesday after finding that improper accounting at its Italian business went far deeper than previously thought, sending its shares 15 per cent lower. The telecoms company, which had revealed an initial investigation into historical accounting practices in Italy in October, said a review hadRead more

Lebanese newspaper closes after 42 years, hit by financial woes

Beirut - Arab Today

Lebanese daily newspaper Al Safir printed its final edition on Saturday, forced to close after 42 years because of financial problems as other news outlets in the country face similar difficulties. The front page led with an editorial entitled “The nation without Al Safir”. “The economy is not well, and nor is politics. This cannot but reflect on and impactRead more

Abu Dhabi cruise sector celebrates record numbers of ships and passengers

Abu Dhabi - Arab Today

Abu Dhabi Tourism and Culture Authority (TCA Abu Dhabi), which is responsible for developing the tourism industry in the emirate along with its partners, expects annual growth rate to exceed more than 10 per cent following a highly successful 2015-16 season and a strong start to the new season, which will be the longest Abu Dhabi has held. During theRead more

Yemen Army Liberates Military Post In Saada

Al Mukala - Arab Today

: Yemen government forces were tightening their grip on the headquarters of an army brigade, inside an Al Houthi stronghold in northern Yemen, as other troops pushed to drive rebels out of their last enclaves in the south. The Yemen Army Media Centre said on Sunday government loyalists expelled Al Houthis from the headquarters of Brigade 101, in Saada, andRead more

CBE: Inflation rate up to 15.72% in Octobe

Cairo - MENA

The Central Bank of Egypt said inflation rate increased according to its economic indices to stand at 15.72 percent in October, compared to 13.93 percent in September. The bank added in a statement on Thursday that monthly inflation rates reach 2.81 percent per month in October against 13.93 in September, 2016. Read more

South Korea's Exports Tumble 18% in 10 Days

Seoul - QNA

South Korea's exports tumbled 18.2% in the first 10 days of October from a year earlier, the latest customs data showed Tuesday, raising concerns that the country's outbound shipments will face a decline again. The country's exports totaled US$9.47 billion from October 1-10, down from $11.58 billion tallied over the same period last year, according to the Korea CustomsRead more

Cameron to quit in October after UK votes to leave EU

London - Arab Today

British Prime Minister David Cameron is to step down by October after the UK voted to leave the European Union, the BBC reported Friday. Cameron made the announcement in a statement outside Downing Street after the final result was announced. He said he would attempt to "steady the ship" over the coming weeks and months. He had urged the countryRead more

Madagascar says ready to host regional summit scheduled in October

Antananarivo - Arab Today

Madagascar said it is ready to host delegations from 19 countries for the Common Market for Eastern and Southern Africa (COMESA) summit scheduled in Antananarivo on Oct. 18-19, a statement from the presidency said Thursday. The COMESA's Secretary General Sindiso Ndema Ngwenya is in visit in Madagascar currently to inspect the preparation work of the summit. He was reassured byRead more