33 Palestinians hurt in Gaza blast, and Israel assigns officers for civilian protection
GAZA CITY AND JERUSALEM: Thirty-three Palestinians were injured early Monday by a mystery explosion in Deir al Balah refugee camp south of Gaza City, Palestinian medics reported. The blast occurred…
Grad rockets hits Jordan’s Aqaba and Israel’s Eilat ports, officials say
AMMAN AND JERUSALEM AND EL-ARISH: A Grad-type rocket smashed into a street in the Jordanian port of Aqaba on Monday, injuring four people, one seriously, the interior minister said, while…
Damas sees full-year loss $520 mln after provisions
DUBAI: Jeweler Damas International said on Sunday it made a full-year net loss of 1.91 billion UAE dirhams ($520 million), after provisions and non-recurring charges of 1.9 billion dirhams. Before…
Iraq unlikely to allow Iran banks due to sanctions
BAGHDAD: Two Iranian banks seeking to open branches in Iraq are unlikely to get government approval due to economic sanctions imposed on Tehran in a row over its nuclear program,…
Iraq delays gas bidding round to Oct 1
ISTANBUL: Iraq has pushed back by a month the date of an auction for international firms that want to develop three of its gas fields, company executives said on Sunday.…
Emirates Steel gets $2.2 bln loans for expansion
DUBAI: Abu Dhabi's Emirates Steel Industries (ESI) obtained loans worth $1.7 billion from banks and a $500 million loan from General Holding Corp (GHC) to finance its expansion, a company…
Firms to bid for work at Saudi offshore gas fields
KHOBAR: State oil firm Saudi Aramco has invited contractors to bid for offshore work at its non-associated gas fields feeding Wasit, the biggest gas plant built in the kingdom, industry…
Jordan Phosphate Mines H1 profits down 48 pct
AMMAN: Jordan Phosphate Mines Co (JMPC), one of the world's largest phosphate suppliers, posted a 48.5 percent drop in first-half net profit to 34.6 million dinars ($48 million), the firm…
Abu Dhabi SWF joins M.Stanley in UK rail bid-paper
DUBAI: The Abu Dhabi Investment Authority (ADIA) has agreed to join Morgan Stanley and private equity group 3i in a bid for the high-speed railway linking London with the Channel…
Iran resumes gas exports to Turkey – gas official
TEHRAN: Iranian natural gas began flowing to Turkey again on Saturday after a damaged pipeline linking the two countries was repaired, the Iranian oil ministry news website SHANA reported. "Officially…