US Supreme Court clears way for Ghosn’s accused escape plotters extradition

Washington: The US Supreme Court on Saturday gave the green light for the extradition to Japan of an American father and son accused of helping former Nissan Motor Co Ltd Chairman Carlos Ghosn flee that country while awaiting trial on financial misconduct charges. In a brief order, Supreme Court Justice Stephen Breyer denied an emergency request […]

Bahrain’s GDP growth to recover to 3.5 per cent in 2021

Dubai: Bahrain’s economic growth is projected at 3.3 per cent in 2021 and is expected to remain flat at around 3 per cent over the medium term, according to the International Monetary Fund (IMF). “Bahrain moved quickly to address the health and economic effects of the COVID-19 pandemic, protecting lives and livelihoods. Swift and well-coordinated […]

COVID-19’s puzzling decline in India sparks a shopping spree

New Delhi: For the home to the world’s second-largest COVID-19 outbreak, life in India is almost back to normal. Shopping mall parking lots are full again. Stores are buzzing, and there are long lines for hair salons and restaurants. “We just got fed up sitting at home, for how long can you do that?” said […]

Egypt avoids recession despite COVID impact on the economy

Dubai: Egypt is the only country in the Middle East and North Africa (MENA) that avoided a negative GDP growth in 2020 despite the impact of COVID-19 on the economy, according to latest data from the Institute of International Finance (IIF). “The economy has weathered the COVID-19 pandemic well, supported by a timely and effective […]