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Business
Jeju Air to acquire Eastar Jet, portending overhaul in low-cost airline sector
Seoul: Jeju Air Co., South Korea’s biggest low-cost carrier, said Wednesday it has signed an initial pact to acquire smaller LCC Eastar Jet, heralding a shake-up in the country’s airline sector. Jeju Air will take over a 51.17-percent stake in Eastar Jet for 69.5 billion won ($60 million) and sign…
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Business
Chinese visitors to Gulf countries to increase 54% by 2023
Dubai: The number of Chinese tourists travelling to the Gulf Cooperation Council (GCC) is expected to increase by 54% from 1.4 million in 2018 to 2.2 million in 2023, growing at a Compound Annual Growth Rate (CAGR) of 4.8%, according to data published ahead of Arabian Travel Market (ATM) 2020.…
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South Asia
Death sentence to Musharraf: Pakistan army unhappy over court verdict
By Nasir Aijaz AsiaN Representative Islamabad: The Pakistan Army on Tuesday said that it was in “a lot of pain and anguish” over the sentencing to death of former military leader General (R) Pervez Musharraf in the high treason case. “An ex-army chief, Chairman Joint Chiefs of Staff Committee (CJCSC)…
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Politics
Politics in Kuwait: 36 governments in 57 years
Kuwait: Kuwait’s latest cabinet announced on Tuesday is the 36th formed over 57 years since the country’s independence. On Tuesday, Kuwait announced the formation of the cabinet headed by Prime Minister Shaikh Sabah Al Khaled Al Sabah and included 15 ministers. According to Kuwait News Agency (KUNA), the first government,…
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South Asia
Pakistan’s former President Gen. Pervez Musharraf sentenced to death
By Nasir Aijaz AsiaN Representative Islamabad: A special court in Islamabad on Tuesday found former military ruler Gen. (Retired) Pervez Musharraf guilty of high treason and handed him death sentence – a first in Pakistan’s history. A three-member bench of the special court announced the verdict in the long-drawn high…
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Politics
NATO to Gulf partners: We share common interests, common challenges
By Habib Toumi Kuwait: NATO’s partnership with the Gulf countries is more important today than it has ever been before, the North Atlantic Treaty Organization Secretary General Jens Stoltenberg has said. “The partnership between NATO and the Istanbul Cooperation Initiative (ICI) has grown stronger over the years,” Stoltenberg said. “We…
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Culture
South Korea’s ‘Parasite’ shortlisted for Oscars’ best international film
Seoul: Bong Joon-ho’s black comedy “Parasite” was shortlisted for best international feature film at the upcoming Academy Awards, U.S. media reported Tuesday, raising hopes that it might become the first South Korean film to win an Oscar. According to the Hollywood Reporter and other entertainment news media, the Academy of…
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Politics
Former National Assembly Speaker tapped as South Korea’s prime minister
Seoul: President Moon Jae-in announced his nomination of Chung Sye-kyun, a six-term ruling party lawmaker and former National Assembly speaker, as new prime minister on Tuesday. If appointed after a parliamentary confirmation hearing, Chung will be South Korea’s first prime minister who served as a National Assembly speaker. He’s known…
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Politics
Top diplomats of South Korea, Japan hold talks in Spain
Seoul: The top diplomats of South Korea and Japan held one-on-one talks on the sidelines of a multilateral meeting in Spain on Sunday (Spain time) and discussed key bilateral issues related to the ongoing row over trade and wartime history, Seoul’s foreign ministry said. During the 10-minute talks, Foreign Minister…
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Politics
NATO marks 15 years of partnership with Gulf countries
Brussels: North Atlantic Treaty Organization (NATO) Secretary General Jens Stoltenberg has reiterated the alliance’s commitment to its partnership with the Istanbul Cooperation Initiative (ICI) launched in 2004 to contribute to long-term global and regional security with the Arab countries in the Gulf. “The security of our ICI partners is of…
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