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Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More

Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More

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بالعربية

Theresa May

British Prime Minister Theresa May.
Brexit

‘Last chance’ to end Brexit deadlock, says British PM

by AFPTue 21 May 2019Thu 7 Oct 2021

Prime Minister Theresa May on Tuesday outlined a series of incentives for MPs to support her Brexit deal

Brexiteer Boris Johnson, a pivotal figure in the 2016 referendum campaign, is the current favourite to replace May, and polls show he would win a vote among party members.
Boris Johnson

May faces Brexit showdown as ministers jostle to succeed her

by BloombergTue 21 May 2019Thu 7 Oct 2021

The pound fell more than 2% last week as May announced she would set a timetable for her departure and it appeared her successor would be likely to push for a harder split from the EU

The government will make a “bold new offer” to improve the deal this week, May said on Sunday, after talks aimed at a cross-party consensus collapsed.
Brexit

Tories turn to leadership race as May puts up one more fight

by BloombergMon 20 May 2019Thu 7 Oct 2021

The contest to succeed May is all but under way even as the prime minister continues to fight what appears to be a futile battle to get her Brexit deal over the line

The committee also said the proposal should direct foreign owners to disclose upcoming deals to “capture information at the point where most money laundering occurs.
Anti-money laundering laws

UK lawmakers expose loopholes in anti-money laundering bill

by BloombergMon 20 May 2019Thu 7 Oct 2021

The law’s proponents say a public register will bring accountability to the opaque world of offshore finance

The bill is needed to ratify the divorce agreement struck with the European Union.
Brexit

May to make MPs a final ‘bold offer’ on Brexit deal

by AFPSun 19 May 2019Thu 7 Oct 2021

May plans to bring a new package of measures with the Withdrawal Agreement Bill that she hopes can command majority support early next month

Dr. Andrew Murrison
Britain parliament

UK appoints new Minister of State for Middle East

by Staff writerSun 12 May 2019Thu 7 Oct 2021

Dr Andrew Murrison was previously Under-Secretary of State at the Ministry of Defence

Theresa May herself has described the discussions as “difficult,” while Labour officials say she has refused to compromise.
Brexit

UK Conservatives still seeking Brexit deal before EU election

by BloombergSun 28 Apr 2019Thu 7 Oct 2021

With negotiations with the opposition Labour Party set to continue next week, there’s still time for Parliament to settle on a deal before the May 23 vote

Brexit

Video: UK consultancy Cundall Middle East on Brexit and Saudi Arabia

by ITPWed 17 Apr 2019Wed 6 Oct 2021

Richard Stratton, managing director for UK consultancy Cundall’s operations in the Middle East, talks to Construction Week In Focus about the threat of Brexit – and why the business is diversifying its revenue streams to mitigate the effects of the UK’s divorce from the European Union, with a no-deal scenario looking increasingly likely.

Michel Barnier warned that an extension would not automatically be granted by the other 27 EU leaders when they meet at an April 10 emergency summit.
Brexit

No-deal Brexit more likely, says EU’s chief negotiator Michel Barnier

by AFPTue 2 Apr 2019Wed 6 Oct 2021

Barnier warned that if May cannot get this withdrawal agreement past the House of Commons, then there are only two other options available before London leaves the union on or shortly after April 12

MPs have twice rejected Theresa May's Brexit deal, both times by large majorities, prompting the leader to announce what is expected to be her final offer.
backstop

UK PM Theresa May to make final Brexit deal push after pledge to resign

by AFPThu 28 Mar 2019Wed 6 Oct 2021

The House of Commons took part in an unprecedented series of votes to seek an alternative plan – but all eight proposals failed to find a majority, highlighting divisions among MPs

Brexit

Video: Brexit explained – what will happen if the UK leaves or remains in the EU?

by ITPThu 28 Mar 2019Wed 6 Oct 2021

ABTV’s Shruthi Nair explains why Brexit is happening, what will happen if the UK decides to leavs or stay in the EU, and its global implications.

An anti-Brexit protesters flags made from joined half Union and half EU flags flutter in the breeze outside the Houses of Parliament in London
Photo: DANIEL LEALOLIVASAFPGetty Images
Alistair Burt

British MPs seize control of the Brexit process

by AFPTue 26 Mar 2019Wed 6 Oct 2021

Foreign Office minister Alistair Burt and health minister Steve Brine resigned, while business minister Richard Harrington announced his decision to leave government on Twitter

Theresa May has grown increasingly isolated in recent months, at home and in Brussels.
Brexit

Theresa May’s cabinet in open revolt, plotting overthrow

by BloombergSun 24 Mar 2019Wed 6 Oct 2021

Senior cabinet ministers need to first make sure whether there will be a no-deal Brexit, amended deal or referendum, and only then replace the prime minister.

British Prime Minister Theresa May. (EMMANUEL DUNAND/AFP/Getty Images)
Angela Merkel

EU leaders pile pressure on UK MPs to back Brexit deal

by AFPThu 21 Mar 2019Wed 6 Oct 2021

European leaders warn that the alternative is a cliff-edge exit from the EU next week

British Prime Minister Theresa May.
Brexit

British PM requests Brexit delay until June 30

by AFPWed 20 Mar 2019Wed 6 Oct 2021

Britain has asked EU leaders to delay Brexit, Prime Minister Theresa May told parliament on Wednesday

British Prime Minister Theresa May. (Getty Images)
Brexit

Theresa May asks MPs for more time to hold Brexit talks

by AFPTue 12 Feb 2019Wed 6 Oct 2021

British Prime Minister makes appeal just weeks before the scheduled March 29 departure date

European powerhouse Germany, the vital car industry would be the worst affected with 15,000 jobs
Brexit

No-deal Brexit ‘could cost 600,000 jobs worldwide’: study

by AFPMon 11 Feb 2019Wed 6 Oct 2021

Researchers at the IWH institute in Halle, eastern Germany, examined what would happen if UK imports from the remaining EU fell 25 percent after Brexit

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