dollars

Russia and Saudi Arabia seal deals worth billions

London - Muslimchronicle

King Salman and Russian President Vladimir Putin on Thursday agreed deals worth billions of dollars to strengthen energy, defense and business ties. The meeting was described as a “landmark event” by President Putin as it was the first visit to Russia by a reigning Saudi Arabian monarch and was held despite differences between Riyadh and Moscow over the Syrian civilRead more

Bangladesh rescues 20 Rohingya held by refugee racket gang

Bangladesh - Muslimchronicle

Bangladesh police have rescued 20 Rohingya after busting a gang which ferried the refugees from Myanmar but demanded thousands of dollars for the boat ride, an official said Tuesday. The Rapid Action Battalion raided a village near the border with Myanmar late Monday to free the Rohingya Muslims who had been held there for a day, said Major Ruhul Amin.Read more

Egypt plans more Eurobond issues

Cairo - Muslimchronicle

Egypt will issue a €1.5 billion ($1.8 billion) bond by the end of November and plans to launch a new $10 billion Eurobond program next year, the Boursa newspaper reported on Sunday. Finance Minister Amr El Garhy told the newspaper that Cairo planned to sell Eurobonds worth $3 billion to $4 billion in the first quarter of 2018, but didRead more

Tabboun stresses Algerian government's desire to reduce imports bill

Algeria - Arab Today

Algeria's Acting Minister of Commerce, Abdelmajid Tabboun, pledged that the Algerian government will make the impossible to reduce the value of imports to 15 billion dollars, but without prejudice to the fundamentals of the Algerian citizen. Tabboun said, in statements for the Algerian state radio, that the government is unable to protect the economy, as the product market remains aRead more

Airbnb valued at $31 billion in new funding round

San Francisco - AFP

Airbnb raised more than a billion dollars in a fresh funding round that valued the home-sharing startup at $31 billion, a source close to the company told AFP Thursday. Airbnb added $448 million to the $555 million in funding it took in last year, according to a filing Thursday with the US Securities and Exchange Commission. Airbnb became profitable inRead more

Bellis beats Radwanska: ‘It’s definitely the biggest win of my career’

Dubai - ArabToday

Catherine Bellis, just six months into her professional career, gave an exciting glimpse into the future of women’s tennis, playing some electrifying shots to oust 2012 Dubai champion and No 4 seed Agnieszka Radwanska. Bellis, who will celebrate her 18th birthday on April 8, belied her young age, matching the world No 6 stroke for stroke, which is no meanRead more

Money worth 3.19 mln USD heisted near Albanian airport

Tirana - Xinhua

The money worth around 3 million euros (3.19 million U.S. dollars) was robbed from transporting vehicles of a second tier bank in Albania near Tirana International Airport on Thursday, the Bank of Albania told media on Friday. Meantime, the state police said in a press conference that six employees of the private security company responsible for the money transport wereRead more

Humanitarian partners call for 748 mln USD to assist DRC

United nations - ArabToday

An appeal of 748 million US. dollars was launched Friday to assist 6.7 million people in the Democratic Republic of the Congo in 2017, UN spokesman Farhan Haq said. "This represents the first year of a new three-year action plan in the DRC, where civilians are affected by one of the world's most acute and protracted humanitarian crises," Haq toldRead more

Canadian market closes week at all-time high

Toronto - Xinhua

Canada's main stock market in Toronto ended Friday at a record high, as strong employment data, rising copper and energy prices contributed to the historic day. The Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite jumped 111.82 points, or 0.72 percent, to end the session at 15,729.12 points. Nine of the 10 sub groups finished the day ahead. Friday'sRead more

China to push for IPO normalizaion: securities regulator

Beijing - Xinhua

China will push for the normalization of initial public offerings (IPOs) and refinancing activities, while considering possible pressure on the market, said Deng Ge, spokesperson for the China Securities Regulatory Commission. An IPO suspension between July and November 2015 was followed by a period of slower IPO approval. Under the current IPO system, new shares are subject to approval fromRead more