Lebanon kicks off local elections
BEIRUT: Lebanese municipal elections, due to be held in weekly stages up to the end of May, kicked off on Sunday in the Mount Lebanon area overlooking the capital. With…
One dead, 80 hurt in Iraq bus bombing from Christian area
MOSUL: A double bomb attack targeting buses carrying Christian students and university workers near Mosul in northern Iraq killed a shopkeeper and wounded 80 other people on Sunday, police said.…
Capitalizing on Property Power in Qatar
DOHA: Qatar's real estate sector is on course to post a strong performance this year, having had by its own standards a slow 2009, though by any other measure the…
Iran says South Pars output to rise over 2 years
TEHRAN: Gas production at Iran's giant offshore natural gas field South Pars will rise to 175 million cubic meters per day within the next two years, an energy official was…
Kuwait Finance House Q1 profit down 21 pct
KUWAIT: Kuwait Finance House (KFH), the country's biggest Islamic lender, on Sunday reported a 21.4 percent fall in first-quarter net profit, missing analysts' expectations. Net profit for the quarter was…
Iran natural gas exports to Turkey seen rising
TEHRAN: Iran's natural gas exports have shot up over the past month due to increased trade with Turkey, a senior energy official said on Sunday. "The export of Iranian natural…
Algeria presses demand for Orascom talks
Algeria's government on Sunday repeated a demand that Egypt's Orascom Telecom consult it about a plan to sell its Algerian unit to South Africa's MTN, official media reported. "What we…
UAE's RAKBank Q1 net profit up on loans, deposits
DUBAI: UAE lender National Bank of Ras Al-Khaimah (RAKBank) on Sunday said first-quarter net profit rose 42 percent, boosted by an improvement in lending activity and higher customer deposits. Abu-Dhabi-listed…
The whole policy has to change, says economist Galal Amin
CAIRO: To identify and write about a problem and for 40 years watch as it deteriorates while the warning messages are ignored is a frustration economist Galal Amin is all…
Steel rebars prices decrease this month
CAIRO: The price of steel rebars took a LE 300 dive this Saturday, May 1, which experts attribute to a decrease in international prices. The Chamber of Metallurgical Industries stated…