07272016Wed
Last update: Wed, 27 Jul 2016 06am

Middle East

World - Middle East

India inflation increases in May on higher food prices NEW DELHI: India's consumer prices rose faster than expected in May due to higher food prices, official figures showed Monday, which will likely hold off an increase in interest rates. The inflation rate increased by 5.76 percent from a year earlier, substantially higher than 4.8 percent recorded in March and 5.4 percent in April, reported the statistics ministry. The jump was mostly driven by higher food prices due to back to back droughts, reported Bloomberg. "The recent pickup in Indian inflation is due to higher food prices, not a pickup in overall inflationary pressures," Bill Adams, senior international economist at PNC Financial Services Group, said in a statement to AFP. "Nevertheless, the Reserve Bank of India is likely to leave interest rates on hold for the rest of 2016 after its 25 basis point cut in the repo rate to 6.5 percent on April 5," Adams added. Central bank governor ...

World - Middle East

Saudi stops 122 African migrants at sea: media RIYADH: Saudi Arabia has intercepted 122 illegal migrants trying to reach the kingdom from Africa by sea, official media said on Monday.In the past two days border guards disrupted four attempts by people trying to enter the kingdom from the Red Sea, the Saudi Press Agency said.Patrol boats intercepted three wooden boats with the 122 "infiltrators" including women and children, it quoted border guards spokesman Colonel Sahir al-Harbi as saying.Most of them, 109, were Sudanese, ...

World - Middle East

Facebook, Twitter bows down to Israel, remove pro-Palestine content Facebook and Twitter, the so-called social media platforms bowed down to the pressures of Israel, as it deletes thousands of pages, posts and accounts promoting Pro-Palestine content. According to media reports, Israeli Minister of Justice Ayelet Shaked while speaking to Yedioth Ahronoth, newspaper said, “We succeeded to achieve our goals as around 70 percent of our demands (to delete Facebook and Twitter content) were fulfilled.”Now, as per Israel Justice Minister the type of content that ...

World - Middle East

Saudi prince in charge of economy, defence to meet Obama on US visit DUBAI: Saudi Arabia's deputy crown prince will fly to the United States on Monday for meetings with U.S. President Barack Obama, U.N. Secretary-General Ban Ki-moon and senior officials, Saudi-owned newspaper Asharq al-Awsat reported.The visit of Mohammed bin Salman, in charge of an ambitious plan to revamp the economy of the world's top oil exporter, comes amid a diplomatic row with the United Nations and policy differences with the United States over the war in Syria ...

World - Middle East

Powerful explosion near bank in Lebanese capital BEIRUT: A blast caused by a bomb rocked the western part of the Lebanese capital late Sunday, with the interior minister saying a major bank had been targeted.An AFP correspondent saw almost all the entire glass facade of a branch of BLOM BANK, one of the country's largest, blown out, with debris littering the ground.Interior Minister Nuhad Mashnuq told AFP that a bomb containing about 3-4 kilos (6.6-8.8 pounds) of explosives had been "placed behind ...

World - Middle East

Beirut blast caused by bomb under a car: state news agency BEIRUT: The blast that rocked the western part of Lebanese capital late Sunday was caused by a bomb placed under a car parked near a major bank, the state news agency said."The bomb was placed under a car in a narrow street behind the BLOM BANK building," the agency said. Copyright AFP (Agence France-Presse), 2016 ...

World - Middle East

Iraq army says secures first safe exit route for civilians in Falluja BAGHDAD: The Iraqi army said on Sunday it had secured the first "relatively safe" exit route for civilians trying to leave Falluja, Islamic State's besieged stronghold near Baghdad. An exit route was secured on Saturday southwest of Falluja, known as al-Salam (Peace) Junction, Joint Operation Command spokesman Brigadier Gen. Yahya Rasool told Reuters. "There were exit routes previously, but this is the first to be completely secure and it's relatively safe," he said. Copyright Reuters, ...