Saudi Crown Prince, US Secretary of Defense discuss troop deployment
:: Saudi Arabia’s Crown Prince Mohammed bin Salman received a phone call on Wednesday from the US Secretary of Defense during which they discussed ongoing arrangements to send US troops of a More »
Saudi Energy Minister confirms restoration of Kingdom’s gas production capacity
:: Saudi Arabia’s Minister of Energy confirmed on Wednesday the restoration of production capacity, affirming the Kingdom’s position as a reliable energy supplier in the global market. The energy minister, Prince Abdulaziz More »
Egypt calls Erdogan statements ‘ironic,’ accuses Turkey of sponsoring terrorism
:: Egypt’s foreign ministry spokesman, Ahmed Hafez, slammed Turkish President Recep Tayyip Erdogan’s statements at the UN General Assembly this week where he urged the UN to “handle the suspicious death of More »
Saudi Crown Prince: Attacks are test of int’l resolve against destructive acts
:: Saudi Arabia’s Crown Prince Mohammed bin Salman said on Wednesday that the attacks on Saudi Aramco oil facilities are a test of international resolve in the face of destructive acts that More »
Saudi Crown Prince says attacks on oil facilities are a ‘dangerous escalation’
:: Saudi Arabia’s Crown Prince Mohammed bin Salman said the recent attacks on Saudi Aramco facilities represented a “dangerous escalation not only toward the Kingdom but also the entire world.” The Crown More »
Tag Archives: FRANKFURT
Russia: US weapons will only fuel fighting in Ukraine
:: Russian diplomats and lawmakers warned the US on Saturday that its decision to provide Ukraine with lethal weapons will only fuel hostilities and raise casualties from the conflict in the country’s east. The angry response from Moscow comes a
Air Berlin seeks damages from Etihad — Rheinische Post
:: German airline Air Berlin is demanding damages from its part-owner Etihad Airways for letting it become insolvent and it hopes for payment of at least €10 million, Air Berlin’s administrator told a German newspaper. “We are in negotiations with
Merkel: Germany open to Iran-style North Korea talks
:: Germany would lend its weight to a diplomatic push to end North Korean nuclear weapons and missile development along the lines of a past deal with Iran, Chancellor Angela Merkel said Sunday. “I would say yes immediately if we
Deutsche Bank boss calls on ECB to halt cheap money
:: Deutsche Bank chief executive John Cryan has called on the European Central Bank to change course on providing cheap money, warning he sees price bubbles in stocks, bonds and property. “The era of cheap money in Europe should come
Latest Air Berlin bidder looks to focus on holiday routes
:: A German businessman joined the field of potential bidders for insolvent Air Berlin on Monday, proposing to focus on only a few routes to holiday destinations. Air Berlin, Germany’s second-largest airline, filed for bankruptcy protection in August after shareholder
Merkel warns US, Britain no longer reliable partners
:: Europe “must take its fate into its own hands” faced with a western alliance divided by Brexit and Donald Trump’s presidency, German Chancellor Angela Merkel said Sunday. “The times in which we could completely depend on others are on
Brexit banks set to avoid lengthy euro zone test
Banks in London that relocate operations to the euro zone after Brexit are likely to be spared a lengthy entry test by regulators, making it easier for them to shift, according to two officials with knowledge of the matter. The
ECB policymakers divided over China risks
Policymakers at the European Central Bank disagreed at their last meeting over how big a threat turmoil in China and other emerging markets pose to Europe’s modest economic recovery. The result of the Dec. 3 debate, for which a written
Alstom, Bombardier receive $1.4 billion railway order
French engineering giant Alstom and Canadian train manufacturer Bombardier said they have received an order worth 1.3 billion euros ($1.4 billion) to deliver double-decker trains to the Belgian national railways. Bombardier and Alstom said in a joint statement that they
Lufthansa cabin crew set to start weeklong strike
Lufthansa’s main cabin crew union said a week-long strike would start on Friday at the German carrier, after last-minute talks between staff and management over early retirement benefits and pensions broke down. “Friday will be the first day of the
Oman Air set to start daily Dreamliner flights to Frankfurt
Frankfurt, Germany, is set to become one of the first destinations for Oman Air’s iconic new Boeing 787 Dreamliners when they enter service this autumn. Oman Air CEO Paul Gregorowitsch has announced that the aircraft will begin flying daily between
Germanwings co-pilot ‘tried out’ descent on previous flight
The co-pilot who is believed to have deliberately crashed a Germanwings jet in the French Alps may have “rehearsed” steering the plane into a rapid descent on an earlier flight, German daily Bild reported Wednesday. Quoting sources close to the
German economy at risk of downturn as growth slows
FRANKFURT: German private-sector growth slowed to the weakest in 18 months in December, increasing the risk that a soft phase will turn into a more pronounced economic downturn. Markit Economics said a Purchasing Managers Index for manufacturing and services fell
Berlin says 550 Germans joined jihadist cause in Syria and Iraq
Hundreds of Germans have left their home country to fight alongside jihadists in Syria and Iraq, Interior Minister Thomas de Maiziere said. “We estimate 550. Just a few days ago we had 450,” the minister told German television channel Phoenix
German heavy industry giant ThyssenKrupp back in black
FRANKFURT: German heavy industry giant ThyssenKrupp said it turned in a profit for the first time in three years in the 12 months to September. “For the first time in three years the Essen-based industrial and technology group has generated
Siemens profits rise 25% to $6.9 billion
FRANKFURT: German engineering giant Siemens said it reached its full-year profit targets in the 12 months to September, thanks to a solid final quarter. “We delivered the results we originally promised for fiscal 2014 and made substantial progress in strengthening
German Muslims invite all faiths to day of prayer against ISIS
More than 2,000 German mosques have invited Germans of all religions to join their Friday prayers to present a united front against the Islamic State of Iraq and Syria (ISIS) to try to dissuade young Muslims from travelling to fight
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