Disappointment and hope after Cairo
CAIRO: Last month marked the first anniversary of US President Barack Obama's speech to the Muslim world in Cairo where he sought "a new beginning between the United States and…
A local dilemma or US design?
The former US ambassador to Iraq, Ryan Crocker, recently described the Iraqi elections and their aftermath as "high drama and low comedy". It is the perfect description, yet he should…
How to pay a banker
CAMBRIDGE: The United States’ Federal Reserve Board recently adopted a policy under which bank supervisors, the guardians of the financial system’s safety and soundness, would review the compensation structures of…
Jordan Steel posts 65 pct drop in H1 net profit
AMMAN: Jordan's top steel producer Jordan Steel posted a 65 pct drop in first-half net profit to 2 million dinars ($2.8 million), financial statements released on Thursday showed. For the…
Kuwait Food Co says exec management unaware of buyer
KUWAIT: The Kuwait Food Co (Americana) said on Thursday its managers did not know of any offers to buy half of its shares. The Kharafi Group company said in a…
Sharjah: Industrious emirate
DUBAI: Sharjah is moving to strengthen the foundations needed for industrial expansion, building on existing infrastructure and working to attract further investment to its manufacturing sector, both at the direct…
Shell sees Qatari LNG, GTL unit ramp up in 2011
LONDON: Major construction work at the Qatargas 4 liquefied natural gas (LNG) facility and Pearl, the world's largest gas to liquids (GTL) plant, will be completed by year end, with…
Oil steady near $77 after sharp US inventory gain
LONDON: Oil was steady at around $77 on Thursday after falling the previous day on weak durable goods data and the biggest weekly increase in crude inventories for nearly two…
Settlers expel Palestinian family from Jerusalem home
JERUSALEM: Israeli settlers backed by police have taken over a house in Jerusalem's Old City and expelled a large Palestinian family who lived there for more than 70 years, the…
Australia adopts new sanctions against Iran
ADELAIDE, Australia: Australia will impose new sanctions against Iran, including restrictions for the first time on business dealings with that country's oil and gas sector, the country's foreign minister said…
