Lebanon jails 31 over Al-Qaeda-linked plots
BEIRUT: A Lebanese military court handed 31 alleged members of the Al-Qaeda-inspired group Fatah Al-Islam prison terms of up to 15 years for terrorism, a judicial source said on Wednesday.…
Hamas accuses Israel of obstructing prisoner exchange
DAMASCUS: Hamas Chief Khaled Meshaal has accused Israel of obstructing a prisoner exchange that would include an Israeli soldier held captive for nearly four years, a senior official of the…
Political groups condemn request to renew emergency law
CAIRO: Twenty political groups have signed a joint statement condemning the request to renew Egypt’s state of emergency for another two years, submitted to parliament by the ruling National Democratic…
Bahrain's BBK to meet investors for benchmark bond
DUBAI: Bahrain's retail lender BBK plans to meet investors starting this Thursday and may issue a $500 million bond if market conditions are suitable, its chief executive said on Tuesday.…
Kuwait's CBK swings to Q1 loss, books provisions
KUWAIT: Commercial Bank of Kuwait (CBK) swung into a first quarter loss, after booking provisions against its loan and investment portfolios. Net loss in the three months to March 31…
Nakheel says Dubai gives funds to repay 2010 bond
DUBAI: Dubai has given developer Nakheel, part of a $24.8 billion debt restructuring at its parent Dubai World, enough funds to repay a $980 million Islamic bond due on May…
Markets slide as Greece worries weigh on oil
DUBAI: Middle East stocks fell on Tuesday, weighed by falling oil prices and downbeat global markets as a relief rally ignited by a $1 trillion plan to aid Greece gave…
Bahrain's GFH mulls increase of Khaleeji stake, says CEO
MANAMA: Bahrain's Gulf Finance House is considering increasing its stake in Khaleeji Commercial Bank instead of selling it under its asset sales program, its chief executive said on Tuesday. Like…
OPEC lifts 2010 oil demand growth forecast again
LONDON: OPEC raised its estimate for world oil demand growth in 2010 for a third successive month on Tuesday, but its figures showed economic recovery would not be sufficient to…
Seminar encourages dialogue between Egyptian, Danish students
CAIRO: Egyptian and Danish students agreed to disagree on the definition of extremism at the fourth session of a seminar titled "Mutual Understanding of Global Issues." The seminar is a…
