Saudi telecos agree annual royalty fees

Saudi telecos agree annual royalty fees

Telecommunications operators Saudi Telecom Co, Etihad Etisalat (Mobily) and Zain Saudi Arabia said yesterday that they had agreed with the government to a change in the calculation of their annual royalty fees. The companies also said

Germany to tighten rules for takeovers

Germany to tighten rules for takeovers

Germany plans to toughen rules on non-EU share purchases and acquisitions of its strategic companies, a report said yesterday, amid growing disquiet about takeovers by Chinese firms. Chancellor Angela Merkel’s cabinet plans to ap

Iraq to rebuild iconic Mosul mosque

Iraq to rebuild iconic Mosul mosque

Iraqis yesterday laid the cornerstone in rebuilding Mosul’s Al-Nuri mosque and leaning minaret, national emblems destroyed last year in the ferocious battle against the Islamic State group. The famed 12th century mosque and minar

Climate gets another chance

Climate gets another chance

Nations yesterday struck a deal to breathe life into the landmark 2015 Paris climate treaty after marathon UN talks that failed to match the ambition the world’s most vulnerable countries need to avert dangerous global warming. D

Cambodia seizes 3-tonnes African ivory

Cambodia seizes 3-tonnes African ivory

Cambodia seized more than 3.2 tonnes of elephant tusks hidden in a storage container sent from Mozambique, a customs official said yesterday, marking the country’s largest ivory bust. The discovery Thursday of 1,026 tusks at the

Power struggle ends

Power struggle ends

Sri Lanka’s president yesterday reappointed as prime minister the same man he sacked from the job nearly two months ago, ending a messy power struggle that had paralysed the island nation. Ranil Wickremesinghe, whose shock dismis