Bahrain annual inflation rises to 2.7 pct in April
manama: Bahrain annual inflation rose to 2.7 percent year-on-year in April from 1.8 percent in March, data showed on Thursday. The consumer price index of the Gulf kingdom stood at…
Investment Corp. of Dubai CFO Hegarty to step down
DUBAI: The chief financial officer of Investment Corporation of Dubai (ICD), the investment arm of the Gulf Arab emirate, will step down after two years in the post, in the…
Shell, others trim exposure to Iran crude
LONDON/DUBAI: Royal Dutch Shell and other oil companies are taking less Iranian crude because of poor economics and the difficulty of making financial transactions with Tehran, industry sources said on…
Asia Crude-Qatar sells July condensate
SINGAPORE: Qatar sold via tender up to five cargoes of Deodorized Field Condensate (DFC) for loading in July at stronger differentials on firm naphtha cracks, traders said on Friday. Qatar…
Oil pares losses, above $70; euro zone woes linger
SINGAPORE: US oil prices pared sharp losses to trade above $70 on Friday, soothed by a recovery in regional equity markets, but fears about Europe's debt crisis kept the market…
Salva Kiir sworn in as south Sudan leader
KHARTOUM: The president of the autonomous region of south Sudan was sworn in on Friday, after being declared winner last month in the country's first competitive elections in more than…
Darfur rebels say 200 killed
KHARTOUM: Darfur's most militarized rebel group said on Friday it had killed 200 Sudanese government troops in the western region, but the army denied the toll in the latest fighting…
Ten years on, Israel wrestles with Lebanon pullout
JERUSALEM: Ten years after withdrawing all its troops from south Lebanon, Israel is still wrestling with the results of the unilateral move which cost the Jewish state dearly in terms…
Eastern Europe films tell bleak tales at Cannes
Bleak films of murder, police brutality and Soviet dictatorship — some of them three hours long — are among the central and eastern European offerings furrowing brows at the Cannes…
Yemen marks 20 years of fragile unity
DUBAI: Yemen on Saturday marks 20 fragile years of unity amid growing separatism in the south, an on-off conflict with Shia rebels in the north, and a growing Al-Qaeda presence.…
