Latest News

Uber CEO Travis Kalanick resigns

June 21, 2017

SAN FRANCISCO — Travis Kalanick has resigned as CEO of Uber, the ride-hailing company he helped found. Kalanick stepped down late on Monday Pacific time, after receiving a letter from some of the largest investors in the company. The letter, titled “Moving Uber Forward,” asked that [...]

Qatar Airways CEO Warns of ‘Lasting Wound’

June 20, 2017

The CEO of Qatar Airways says the blockade imposed on his country by its Gulf neighbors “will leave a lasting wound.”. PARIS (AP) — The CEO of Qatar Airways said Monday that the blockade imposed on his country by Gulf neighbors “will leave a lasting wound” and that he [...]

Russia urges dialogue in Qatar-Gulf dispute

June 10, 2017

Russia called Saturday for dialogue to resolve a dispute between Qatar and its Gulf neighbours, as Riyadh and its allies welcomed US President Donald Trump’s demand that Doha stop funding extremist groups. Rights group Amnesty International warned of “heartbreak and fear” suffered [...]

Some Sri Lankan banks stop buying Qatar Riyal

June 6, 2017

Some Sri Lankan banks stopped buying Qatar Riyal QARLKR=R on Tuesday, saying their counterpart banks in Singapore advised them not to accept the currency a day after the Arab world’s biggest powers cut ties with Qatar. Saudi Arabia, Egypt, the United Arab Emirates and Bahrain on Monday [...]

Saudi Firms Use Turkey for Qatar- Bound Shipments

June 25, 2017

ISTANBUL—Several Saudi companies are finalizing plans with Turkish logistics companies to transport cargoes to Qatar, according to Turkish businessmen, an arrangement that illustrates how profits are being made even as diplomatic relations in the region continue to simmer. Turkish companies have [...]