Business

14 July 2020; MEMO: Saudi social media users rejected state-owned oil company Aramco’s decision to increase petrol and other fuel prices by 34 per cent this month.

On Friday, Aramco updated the list of prices of petrol and other fuels on its website for the month of July.

According to the updated list, the price for Gasoline 91 will rise from 0.98 riyals ($0.26) to 1.29 riyals ($0.34) and Gasoline 95 will increase from 1.18 riyals ($0.32) to 1.44 riyals ($0.38).

14 July 2020; MEMO: The former in the Lebanese Ministry of Finance, Bifani said Monday that Lebanese bankers have smuggled nearly $6 billion out of the country since October despite financial regulations imposed to save the country from the worst financial crisis in 30 years, a former Ministry of Finance official revealed yesterday.

Tokyo, Jul 14 (AP/PTI) China is pushing harder to make territorial claims in the regional seas and even using the coronavirus pandemic to expand its influence and take strategic superiority, posing a greater threat to Japan and the region, Japan's government said.

New Delhi, Jul 13 (PTI) The Railways has set a target of going completely green by becoming a 'net zero' carbon emitter by 2030 through various initiatives, including electrification of broad gauge, improving energy efficiency and switching to renewable sources, the national transporter said on Monday.

It has also set a target of electrification of all routes on broad gauge by December 2023.

New Delhi, Jul 13 (PTI) Google chief executive Sundar Pichai on Monday announced plans to invest Rs 75,000 crore in India over the next five to seven years to help accelerate the adoption of digital technologies in the country.

India-born Pichai, who held a virtual meeting with Prime Minister Narendra Modi on Monday morning, made the announcement at annual 'Google for India' event via video conference.

New Delhi, Jul 13 (PTI) Retail inflation increased to 6.09 per cent in June, mainly on account of higher prices of food items, the government data showed on Monday.

Food inflation in June increased by 7.87 per cent, according to Consumer Price Index (CPI) data.

The inflation figures are based on data collected from limited markets in view of the restrictions imposed on account of coronavirus pandemic, the Ministry of Statistics & Programme Implementation (MoSPI) said in a release.

WASHINGTON, July 13 (Xinhua) -- Seventeen U.S. states and the District of Columbia sued the administration of President Donald Trump on Monday to reject the federal government's recent rule stripping foreign students of their visas if the institution they are enrolled in only offers online teaching this fall due to the coronavirus pandemic.

13 July 2020; MEMO: The Iraqi Foreign Minister Fouad Hussein yesterday called on his German counterpart Heiko Maas to support Baghdad’s removal from the European list of high-risk countries for money laundering and terrorism financing.

In a statement, the Iraqi Foreign ministry said Hussein received a telephone call from his German counterpart, during which they discussed bilateral and regional affairs.

13 July 2020; MEMO: A top Israeli health official has condemned Tel Aviv economic protests on Saturday evening as a “health terror attack”, i24 News reports.

13 July 2020; MEMO: The Covid-19 pandemic has led to serious losses in the tourism industry in the Arab world, with more than 50 million jobs lost, Anadolu reported on Sunday.

A report from the Arab Monetary Fund (AMF) said that the country most affected by the coronavirus is Saudi Arabia, followed by the UAE, Egypt, Tunisia, Morocco and Palestine.