Complementing Minister of Telecommunications Butros Harb request on 14 September 2016 to introduce further tariff reductions for data services and in line with the Ministry of Telecom’s Vision 2020, Bader al-Kharafi, Chairman of Lebanon mobile operator touch, and Vice Chairman of Zain Group, announced today a comprehensive range of data plans that cater to the needs of all consumers in Lebanon.
The new tariff plans, which include marked pricing reductions up to 40%, require approval from the Ministry of Telecommunications, expected to happen shortly. Upon final ministerial approval, the new plans will be effective during the month of October, 2016.Full Story
A key gauge of China's debt has reached its highest level on record, setting off alarm bells of imminent risk to the banking system, a Swiss banking watchdog reported.
China's credit-to-GDP gap reached 30.1 percent in the first quarter of 2016, its highest level ever and far above the 10 percent level associated with banking risks, the Bank for International Settlements (BIS) said in a quarterly report released late Sunday.Full Story
Oil prices edged up in Asia on Tuesday as OPEC member Venezuela indicated a deal to limit output is close and after fresh fighting in Libya.
But gains were limited by continuing worries about a supply glut.Full Story
Samsung Electronics said Sunday it had sold shares it held in four technology companies including U.S. chipmaker Rambus and Japan's Sharp to free up money and focus on its main business.Full Story
Demonstrators took to the streets across Germany on Saturday in protest over a massive transatlantic trade agreement, dealing a new blow to the disputed accord.
In Berlin, as in Munich, there was a sea of flags as people flocked to join the rallies despite the rain, carrying placards and banners representing everything from anti-globalization groups to political parties and unions, Agence France Presse correspondents said.Full Story
Turkmenistan's President Gurbanguly Berdymukhamedov on Saturday hailed his country's "solid transit potential" as he unveiled an international airport worth over $2 billion in the capital Ashgabat.
Berdymukhamedov said the new airport's two passenger terminals would have the capacity to serve 17 million passengers a year while the freight terminal could handle 200,000 tons of freight annually.Full Story
Middle East economies have plunged into decline in the years of war since the Arab Spring, creating daunting economic and development challenges, according to an IMF report released Friday.Full Story
World oil prices fell Friday as the prospects of higher output from Libya and Nigeria further fueled oversupply concerns, cutting short a nascent rebound.Full Story
Russia's central bank on Friday cut its key interest rate by half a percentage point to 10 percent, the first reduction since June as Moscow seeks to jump-start its battered economy.
The bank said in a statement that the decision, expected by analysts, was due to a "decrease in inflation expectations and unstable economic activity", but noted it intends now to hold off on another cut until early next year at the earliest.Full Story
Ukraine has launched a dispute before the World Trade Organization, complaining that Russian restrictions on road and rail transit of Ukrainian goods violate international trade agreements, sources close to the WTO said Thursday.
Ukraine alleged that Moscow had imposed a range of restrictions on the transit of goods from the country, including banning the transit of any goods with tariff rates above zero, and all goods under the embargo imposed by Russia in August 2014.Full Story