ACWA Power restructures debt and ownership in Turkish affiliate 

RIYADH: Saudi utility giant ACWA Power has restructured the debt and ownership of its Turkish affiliate, converting its outstanding loans into equity, following an agreement with its major lenders and minority shareholders. ACWA Guc, which operates a 950-megawatt combined-cycle gas turbine power plant in Kirikkale, Turkey, is partly and indirectly owned by ACWA Power. The … Read more

Qatar sees 36% rise in building permits issued in July

RIYADH: Remittances from Saudi Arabia abroad reached $3.2 billion in June, up 11.32 percent year-on-year, according to the latest data from the Saudi Arabian Asset Management Agency (SAMA). These figures highlight the important role that the Kingdom of Saudi Arabia plays in global remittance flows and are evidence of its influence on the economic dynamics … Read more

Thousands of Ukrainian troops on incursion to ‘destabilize’ Russia: official

KIEV: Thousands of Ukrainian troops are taking part in an invasion aimed at destabilizing Russia by exposing its weaknesses, a senior Ukrainian official told AFP as the offensive entered its sixth day. “We have launched an offensive. The goal is to expand the enemy’s positions, inflict maximum losses and destabilize the situation in Russia because … Read more

Downed Ukraine-launched missile injures 13 in Russia’s Kursk, regional officials say

Veteran human rights defender released in exchange claims Russia is retreating to Stalin era BERLIN: Oleg Orlov, a human rights activist since the 1980s, believes Russia reached a turning point when the Soviet Union collapsed and a democratically elected president took over.But when Vladimir Putin seized power, crushed the opposition and launched a full-scale invasion … Read more

In Las Vegas, Kamala Harris sees a chance to improve her odds of winning

Veteran human rights defender released in exchange claims Russia is retreating to Stalin era BERLIN: Oleg Orlov, a human rights activist since the 1980s, believes Russia reached a turning point when the Soviet Union collapsed and a democratically elected president took over.But when Vladimir Putin seized power, crushed the opposition and launched a full-scale invasion … Read more

Veteran human rights advocate freed in swap says Russia is sliding back toward Stalinist times

BERLIN: Oleg Orlov, a human rights activist since the 1980s, thought Russia had reached a turning point when the Soviet Union collapsed and a democratically elected president took over. But then Vladimir Putin came to power, crushed opposition and launched a full-scale invasion of Ukraine. Eventually, Orlov, 71, was jailed for his opposition to the … Read more