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Party ready for Merkel’s 4th term as chancellor

  Berlin / AFP German Chancellor Angela Merkel told her party on Sunday she will seek re-election next year, a move likely to be welcomed in many capitals as a sign of stability following poll triumphs for Brexit and Donald Trump. After months of feverish speculation, Merkel said at a meeting of her conservative Christian Democrats (CDU) that she would run ...

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Erdogan: Turkey can spurn EU and join Shanghai Pact

  Istanbul / AFP President Recep Tayyip Erdogan says Turkey should not be “fixated” on joining the EU and has reiterated the idea of joining Russia and China in a Eurasian security group, local media reported on Sunday. His comments come as Turkey’s decades-long hopes of joining the European Union have reached a nadir, driven by the aftermath of the ...

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KSA makes $10.7bn of delayed payments to private sector

  DUBAI / Reuters Saudi Arabia’s government has made payments of 40 billion riyals ($10.7 billion) that it owed to private sector companies, the kingdom’s Arab News newspaper quoted a senior construction industry executive as saying. With its oil revenues slashed by low crude prices, the government of the world’s largest oil exporter has cut spending sharply this year and ...

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