Arab today

Trump denounces ‘brutal and corrupt’ Iranian regime, Iran responds

Washington - Arab Today

President Donald Trump praised Iranian protesters Tuesday for acting against Tehran’s “brutal and corrupt” regime after days of unrest that have seen 21 people killed and hundreds arrested. “The people of Iran are finally acting against the brutal and corrupt Iranian regime,” Trump tweeted, a day after calling for regime change in the Islamic republic. “All of the money that..Read more

Abbott Lyon reveals collaboration

London - Arab Today

British watch and accessories brand Abbott Lyon have signed Love Island Star and MTV News UK presenter, Montana Brown, to front its limited-edition marble watch collection, Marble By Montana. The limited edition collection is available in three designs including: Rose Gold Chain Marble 34 Rose/White, Silver Chain Marble 34 Silver/Black and Mocha Chain Marble 34 Mocha/White. All three watches are..Read more

Facebook moves toward revealing political ad backers

San Francisco - Arab Today

Facebook said Friday it would take steps to deliver on a promise to reveal backers of political advertisements to boost transparency in the wake of criticism of the social network's role in the 2016 US election. The leading social platform said it will begin testing and refining political ad transparency tools next month in Canada, with a goal of having..Read more

Gold edges off 8-week low

London - Arab Today

Gold edged off the previous day’s eight-week low on Wednesday as US President Trump’s abrupt firing of FBI chief James Comey weighed on US stocks, though gains were capped by expectations of further interest rate increases. Spot gold was up 0.2 percent at $1,223.42 an ounce by 1405 GMT, while US gold futures for June delivery gained $7.20 to $1,223.40...Read more

Second-citizenship business

Jeddah - Arab Today

Business might be booming for Armand Arton, but that does not necessarily mean the world is a better place. As president of Arton Capital, the self-described “ambassador of the global citizen movement” helps moneyed individuals — including an increasing number from the Middle East — gain citizenship elsewhere and the all-important second passport that can bring. But it is a..Read more

Tadawul index near flat

Dubai - Arab Today

First-quarter results from major companies drove trading on Saudi Arabia’s stock exchange on Wednesday, with the Tadawul All Share Index (TASI) edging 0.2 percent higher. Majority state-owned Saudi Electricity Co. (SEC) rose 2.2 percent in trading that exceeded its one-month average daily volume after the company swung to a net profit of SR4.94 billion in the first quarter. The company..Read more

US will aggressively enforce trade rules

Washington - Arab Today

The Trump administration will enforce trade rules more aggressively than any previous government in its efforts to reduce the trade deficit, but is not seeking a dispute, Commerce Secretary Wilbur Ross said Tuesday. Ross also said he hopes this week to resolve delays in Congress that will allow the White House to give formal notification of the intent to renegotiate..Read more

Oil rises after US inventories

London - Arab Today

Oil prices rose on Wednesday after Iraq and Algeria joined Saudi Arabia in supporting an extension to the Organization of the Petroleum Exporting Countries (OPEC) supply cuts and US crude inventories fell more than expected. But the rise failed to recoup last week’s losses with concerns about rising output from the US, Libya and Nigeria continuing to weigh. The American..Read more

Egypt’s annual urban consumer price inflation reaches 31.5% in April

Cairo - Arab Today

Egypt’s annual urban consumer price inflation hit a three-decade high in April, adding pressure on the government to lower prices before the holy month of Ramadan begins at the end of the month. Food demand usually grows during Ramadan because of heavy consumption following the dawn-to-dusk fasting. Ramadan begins on May 27. Annual urban inflation rose in April to 31.5..Read more

Disney’s ‘Aladdin’ still looking cast members.

Los Angeles - Arab Today

Filmmaker Guy Ritchie has confirmed that the upcoming “Aladdin” live-action remake that he will direct, will be a musical, and that he is still looking for Middle Eastern-looking cast members. Ritchie’s film may have similar vibe with the 2017 film “Beauty and the Beast,” reported aceshowbiz.com. “It’d be tough not to make it a musical. It’s too early, because I’ve..Read more