September, 2016

• 20 September

  Maritime leaders to discuss regional prospects in global trade conditions

  

    Dubai / WAM An economic forum addressing the challenges and prospects of the industry in light of future oil price forecasts, the state of the Middle East economy and the effect of the Chinese trade slowdown on the region’s maritime sector, will open the eighth edition of the biennial Seatrade Maritime Middle East (SMME) exhibition and conference in Dubai, from ...

  Read More »
• 20 September

  Iraq forces launch offensive to retake IS-held town

  

    Kirkuk / AFP Iraqi forces launched an operation on Tuesday to retake a northern town from the IS group in the latest move to prepare a broad offensive on extremist bastion Mosul. Army and tribal forces pushed towards Sherqat, a town IS extremists took more than two years ago when they swept across Iraq’s Sunni Arab heartland. The town ...

  Read More »
• 20 September

  Saudi pilot triggers false hijack alarm in Philippines

  

    Manila / AFP A pilot of a Saudi Arabian Airlines flight accidentally pressed a hijack alarm, triggering a major security response at Manila airport on Tuesday, authorities said. Police isolated and surrounded the Saudia flight after it landed on Tuesday afternoon just after one of its pilots released a distress signal indicating a hijack incident was underway, the Philippine ...

  Read More »
• 20 September

  Trump, Clinton compete to meet top leaders in NY

  

    New York / AFP Donald Trump and Hillary Clinton met Egypt’s president in New York as the two US presidential candidates tried to bolster their diplomatic credentials at the United Nations. Democratic standard-bearer Clinton said last week that she would meet Abdel Fattah al-Sisi, along with leaders from Japan and Ukraine on the sidelines of the UN General Assembly. ...

  Read More »
• 20 September

  14 killed in Boko Haram attacks in NE Nigeria

    Abuja / AFP Two suspected Boko Haram attacks in northeast Nigeria have left up to 14 people dead and three soldiers wounded, the army and local residents said. On Monday afternoon, six people were killed in an ambush of a commercial convoy escorted by the military in the Sanda district of Borno state. “Suspected elements of the remnants of ...

  Read More »
• 20 September

  Jordan votes in election tipped to see return of Islamists

  

    Amman / AFP Jordanians voted on Tuesday in an election that could see opposition Islamists re-emerge as a major parliamentary force in the key Western ally. The focus will be on turnout and the performance of the Islamic Action Front (IAF), the political arm of Jordan’s Muslim Brotherhood. Experts expect the party to clinch around 20 seats in the ...

  Read More »
• 20 September

  Two top China steelmakers merge to combat glut

  

    Shanghai / AFP Two of China’s top steelmakers announced plans Tuesday to merge,creating the world’s second-largest manufacturer of the commodity as markets struggle with a glut caused by Chinese overcapacity. The world’s second largest economy is trying to overhaul its lumbering state sector and especially its steel industry, by using mergers and restructuring to cut chronic overproduction and create ...

  Read More »
• 20 September

  India defies world losses with steel output expansion

    Bloomberg At a time when a surplus is forcing steel mills to close around the world, India’s debt-laden producers are ramping up to supply more of the metal than ever. Steel Authority of India Ltd., Tata SteelBSE 1.02 % Ltd. and JSW SteelBSE -0.69 % Ltd. — which all posted losses last year — are targeting record output in ...

  Read More »
• 20 September

  Hanjin shares dive on fears over parent’s cash help

  

    Seoul / AFP Shares in South Korea’s Hanjin Shipping plunged more than 10 percent on Tuesday on worries its parent will not stump up promised cash to prevent it from going under, while a court told it to return chartered vessels to their owners. The world’s seventh largest shipper is seeking bankruptcy protection at home and in the US ...

  Read More »
• 20 September

  Vietnam to delay voting on TPP

  

    JAKARTA / Reuters Congress potentially has small window to ratify trade deal Vietnam is set to delay ratifying a massive U.S.-led Pacific trade pact until next year, as anxiety rises over the fate of the deal in Congress with America’s presidential election campaign exacerbating an anti-free trade mood. Ha Ngoc Chien, head of a parliamentary committee, suggested the National ...

  Read More »