BLOOMBERG Turkey is considering prison terms for landlords found guilty of excessive rent increases after this month’s deadly earthquakes left millions displaced and homeless. The government is weighing two-to-five year terms, an official with knowledge of the matter told Bloomberg, adding that it hasn’t yet decided what would constitute an unacceptable increase. The official spoke privately because details of the ...

BLOOMBERG Britain’s governing Conservative Party is trailing badly in opinion polls, apparently on course for a heavy defeat in the next UK general election. Prime Minister Rishi Sunak hopes a team-building “away day” can stop the rot. Fresh from unveiling a new post-Brexit deal for Northern Ireland, Sunak will host a gathering of Conservative MPs this week outside central London ...

BLOOMBERG The leaders of Serbia and Kosovo effectively agreed to a deal on normalising ties but must hash out how to implement it to end a dispute that has smoldered since they fought a 1998-1999 war. Serbian President Aleksandar Vucic and Kosovar Prime Minister Albin Kurti are facing a push by Washington and Brussels to ease the dispute that has ...

BLOOMBERG Japanese Foreign Minister Yoshimasa Hayashi is unlikely to go to a meeting of G-20 foreign ministers in India from Wednesday due to a parliamentary committee meeting he is expected to attend, according to a government official. It remains unclear whether Hayashi will be at a Friday meeting of the Quad nations, consisting of the US and Australia, alongside India. ...

BLOOMBERG A Pakistani court issued an arrest warrant against former Prime Minister Imran Khan after he did not appear in a hearing for a complaint filed by the Election Commission that the opposition leader did not declare his assets, his lawyer Gohar Ali Khan said. An additional session judge in Islamabad handed down the order after Khan repeatedly failed to ...

BLOOMBERG Ukrainian officials are signaling that the besieged eastern city of Bakhmut may soon be impossible to defend as Russian troops level the area. “The enemy is gradually destroying everything that can be used to protect our positions, for reinforcement and defense,” Volodymyr Zelenskiy said in a video address Monday evening. The top commander in charge of Ukraine’s ground forces, ...

ABU DHABI / WAM Al Yah Satellite Communications Company (Yahsat) on Tuesday announced its consolidated financial results for the fourth quarter and full year for 2022. For the twelve-month period, Yahsat delivered growth in revenue and adjusted Ebitda, which increased 6% and 7% respectively year-on-year, meeting and exceeding financial guidance targets. Highlights for the full year include revenue of AED1.6 ...

DUBAI / WAM The “1 Billion Meals” initiative, the region’s largest food donation drive to support the underprivileged and undernourished in 50 countries across four continents, on Tuesday announced the completion of the distribution of 5.4 million meals in Rohingya refugee camps in Bangladesh, in collaboration with the United Nations’ World Food Programme (WFP). Thanks to the partnership between Mohammed ...

ABU DHABI / WAM Khalifa Fund for Enterprise Development, in partnership with the Abu Dhabi Department of Economic Development (Added) and Jenaan Investment, has announced the winners of the CEO programme, Agritech Edition. After a rigorous nine-month programme that aimed to cultivate entrepreneurship and innovation skills, build and grow ag-food tech ventures, and contribute to the UAE’s Food Security Strategy, ...

ABU DHABI / WAM Journey of Generations, initiated by the Authority of Social Contribution – Ma’an and organised by volunteers from the community, has concluded its seventh cohort, celebrating with a walk-through of Umm Al Emarat park. The walk was joined by Dr. Mugheer Khamis Al Khaili, Chairman of the Department of Community Development – Abu Dhabi, and Salama Al ...