Dubai to open world's biggest' airport for cargo next month
DUBAI: Dubai's second airport, designed to be the world's largest when completed, will open in June for cargo only, with plans to receive passengers in spring next year, Dubai Airports…
Qatar Air to receive 6 Boeing 787s next year
DUBAI: Qatar Airways increased its order for Boeing's new 787 Dreamliner to six from two and expects to take delivery by September next year, the carrier's chief executive said on…
Most lenders agree to Dubai World's debt plan, says report
DUBAI: Most Dubai World creditors have agreed to the terms for restructuring the troubled conglomerate's debts, a state-owned daily said Tuesday. "Most of the banks have agreed on the offer…
S&P rates sharia fund in bid to raise transparency
DUBAI: Ratings agency Standard & Poor's (S&P) on Tuesday said that for the first time it assigned a rating to a sharia fund, in a bid to boost transparency in…
Oil falls below $85 ahead of US inventory data
LONDON: US crude oil fell more than $1 to below $85 per barrel on Tuesday, retreating from 19-month highs ahead of an expected rise in US crude and fuel stocks…
Egypt 7-day deposits average yield steady at 8.278 pct
CAIRO: The weighted average yield at a 7-day deposit auction was 8.278 percent, compared with 8.276 percent at last week's auction, Egypt's central bank said on Tuesday. The bank had…
Iraq arrests network behind April embassy blasts
BAGHDAD: Iraq has announced the arrest of a network it says was behind the April bombings of foreign embassies that killed 46 people. Military operations spokesman Maj. Gen. Qassim Al-Moussawi…
US envoy in Mideast as hopes rise for new peace moves
JERUSALEM: US envoy George Mitchell was back in the Middle East on Tuesday in his latest bid to restart Israeli-Palestinian peace negotiations stalled by a bitter row over settlement building.…
Military exercises with US begin in West Africa
OUAGADOUGOU: Military exercises bringing together armed forces from Africa and Europe under US supervision began in Burkina Faso on Monday, aimed at reinforcing the continent's fight against extremist groups. The…
Israeli reporter returns classified military notes
JERUSALEM: An Israeli newspaper says one of its investigative reporters has returned to authorities the classified documents he had received from a military whistleblower. The Haaretz daily reported on Tuesday…