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Vice governors 'threaten to quit' if no Salameh successor named ASAP

The Central Bank’s four vice governors – Wassim Mansouri, Bashir Yakzan, Salim Chahine and Alexander Mouradian – on Thursday stressed “the need to appoint a governor as soon as possible as per Article 18 of the Money and Credit Code,” warning that they would “take the appropriate measure” in the absence of that.

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Twitter rival Threads crosses 10 mn users within hours of launch

More than 10 million people have signed up to Threads, Meta's rival to Twitter, within the first few hours of its launch, the Facebook parent's CEO Mark Zuckerberg said Thursday.

Threads is the biggest challenger yet to Elon Musk-owned Twitter, which has seen a series of potential competitors emerge but not yet replace one of social media's most iconic companies, despite its epic struggles.

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Qatar Airways reports $1.2B in profits over past year

Qatar Airways has reported $1.2 billion in profits over the past year, buoyed by its role in ferrying fans to the soccer World Cup.

The long-haul airline increased its revenue to $21 billion, a 45% increase over the previous year, it said. Its yearly passenger load reached 31.7 million, a 71% increase.

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Saudi says oil cuts show not at odds with Russia

Saudi Arabia on Wednesday dismissed talk of discord with oil ally Russia, praising their coordinated decisions to remove barrels from the market in efforts to prop up prices.

Oil producers are grappling with falling prices and high market volatility amid fears of global economic slowdown and the Russian invasion of Ukraine, which has upended economies worldwide.

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Turkey's inflation rate slows to 38.2%

Turkey's annual inflation rate slowed to 38.2 percent in June, official data showed Wednesday, although economists warned that this may be a low point for the year.

The rate slowed from 39.6 percent in May, according to the TUIK state statics agency.

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Asia sinks after survey shows China activity weakening

Asian stock markets sank Wednesday after a survey showed Chinese industrial activity weakening.

Shanghai, Tokyo, Hong Kong and Sydney retreated. Oil prices were mixed.

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Global stocks sink ahead of Federal Reserve notes and a US jobs update

Global stock markets fell Wednesday as traders awaited a U.S. jobs update and notes from the latest Federal Reserve meeting for guidance on interest rates.

London, Shanghai, Paris and Tokyo declined. Wall Street futures were lower as U.S. markets prepared to reopen after a holiday. Oil prices were mixed.

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A troubled new power plant leaves Jordan in debt to China

Jordan's Attarat power plant was envisioned as a landmark project promising to provide the desert kingdom with a major source of energy while solidifying its relations with China.

But weeks after its official opening, the site, a sea of black, crumbly rock in the barren desert south of Jordan's capital, is instead a source of heated controversy. Deals surrounding the plant put Jordan on the hook for billions of dollars in debt to China — all for a plant that is no longer needed for its energy, because of other agreements made since the project's conception.

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Saudi and Kuwait claim gas field eyed by Iran

Saudi Arabia has said it enjoys "full rights" along with Kuwait to a disputed gas field in the resource-rich Gulf, pushing back against claims by Iran, state media reported late Tuesday.

The field, known as Arash in Iran and Dorra in Kuwait and Saudi Arabia, falls under "joint ownership between the Kingdom of Saudi Arabia and the State of Kuwait, and they alone have full rights", the official Saudi Press Agency reported, citing a foreign ministry source.

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French judiciary accepts Lebanon's request to freeze assets of Salameh and associates

The French judiciary has accepted the Lebanese state’s request for freezing the assets and properties of Central Bank Governor Riad Salameh and his associates Raja Salameh, Marianne Hoayek and Anna Kozakova, caretaker Justice Minister Henri Khoury said on Tuesday.

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