Investor anxiety rises as coronavirus spreads outside China

South Korea reported its first death from the virus on Thursday while in Singapore, more than 80 people have contracted the virus

‘The US is sparing no effort in smearing Huawei’ – Middle East President Charles Yang

Huawei has signed 77 5G contracts globally, of which 12 are in the Middle East

India’s Reliance, Saudi Aramco accelerate refinery stake sale talks

In August, Reliance valued its oil-to-chemicals division at $75bn including debt, implying a $15bn valuation for a 20 per cent stake

Lebanon lira no longer fit for airline owned by central bank

Starting on Monday, February 17, Middle East Airlines will only accept foreign currency payments

Air pollution costs world $8bn a day, Greenpeace says

China, the US and India bear the highest economic cost of soaring pollution, at an estimated $900bn, $600bn and $150bn a year, respectively

Nissan sues Ghosn in Japan, seeks $91m in damages

The ex-Nissan boss, who was facing two trials on charges of financial misconduct in Japan, jumped bail and fled the country late last year

Lebanon weighs IMF help to decide on $1.2bn bond payment

Former Prime Minister Saad Hariri requested the World Bank and IMF for assistance to address the country’s financial woes

Dubai’s Operation Falafel to expand to New York, London, Paris

The restaurant brand expects to roll out its first unit in New York by Q2 2020

What’s in store for the Middle East’s power sector?

As we enter 2020, it is crucial to note the transformation that the Middle East’s power sector has seen in the last decade

China to halve tariffs on $75bn US goods from February 14

Chinese tariffs on American goods from September 1 last year will be lowered, with the rate on some dropping from 10 per cent to 5 per cent

Will IBM’s new CEO Krishna build on his predecessor’s legacy?

Arvind Krishna has led the development of many of IBM’s newer technologies like artificial intelligence, cloud and quantum computing

Iraq appoints new prime minister

The appointment took place following the resignation of Adel Abdul-Mahdi

Dubai Gold Exchange records best month of trading since July 2008

Gold Futures recorded a year-on-year volume growth of 515 per cent

Japan prosecutors target ex-Nissan boss Ghosn with new arrest warrant

Carlos Ghosn fled the country for Lebanon to escape trial on alleged financial crimes

Lebanese bonds sink to record lows amid concern over repayment

International reserves can only finance the country’s external needs until March 2021 before being depleted

Coronavirus in the UAE: four-member family infected

The Chinese family reportedly flew into the UAE on January 16 and manifested the symptoms of the virus on January 23

Toyota is halting production in China until February 9

Toyota has restricted travel to Hubei province and asked employees to avoid unnecessary travel to other areas of the country

UAE confirms first case of coronavirus

The virus has claimed at least 132 lives in China

Crunch time for Lebanon as new cabinet decides on bond payment

Government debt stands at more than 150 per cent of the country’s gross domestic product

US embassy in Baghdad hit in rocket attack

Of the five Katyusha rockets fired at the fortified Green Zone on Sunday, one directly hit the US embassy building

Boeing’s new 777X airliner takes first flight

Boeing’s 777-9, which took to the skies on Saturday, is the planemaker’s first new model since two fatal crashes led to the global grounding of its 737 Max

E-commerce paving the way for the future of retail and more

A special report on the state of the e-commerce industry in the region outlining its most recent innovations, challenges that lie ahead and the way forward

Lebanon gets new government after three months of protest

The newly appointed cabinet will have to act fast to address the country’s worst financial and economic crisis in decades

Private jet security Is full of holes, Ex-Nissan boss Ghosn proves it

Carlos Ghosn, ex-CEO of Nissan, was arrested and charged with financial crimes, and was facing trial in Japan when he fled the country for Lebanon

UAE site Bayt.com to grow its global workforce

Close to 500,000 daily visitors from the region access the job site to either look for jobs, to hire, or to find various career related content and tools

DP World CEO remains bullish on growth prospects in Africa, India

The Dubai-based ports operator doubled its capacity at Egypt’s Sokhna port

World’s 2,153 billionaires are richer than 4.6 billion people – Oxfam

The world’s richest 1 per cent have more than twice the wealth of the rest of humanity combined

Iran working on final step of reducing its nuclear commitments

According to the Ministry spokesman, Iran is working on the ‘last effective step’ to curb its nuclear activities

Iran to transfer black boxes of crashed plane to Ukraine

The 737-800 Ukraine International Airlines jet crashed on January 8, killing all 176 people onboard

UAE’s Vox Cinemas on walking the red carpet for two decades and more

Senior executives from Vox Cinemas outline the company’s blockbuster performance in the last 20 years and why they are bullish despite the rise of streaming services