ThyssenKrupp freezes new business in Iran
FRANKFURT: ThyssenKrupp said it is freezing all new business with Iran with immediate effect and will terminate existing contracts there as soon as possible in response to ever-harsher sanctions on…
Lebanon: Tourism’s place in the Sun
Lebanon is quietly confident of breaking through the 2m mark for tourist arrivals this year and setting a new record both for visitor numbers and revenue, but the government is…
Lula’s legacy
MEXICO CITY: The first round in Brazil’s upcoming presidential elections, scheduled for Oct. 3, may turn out to be the only round. For outgoing President Luis Inácio Lula da Silva’s…
Kuwait’s Burgan Bank raises $400 mln from bond sale
KUWAIT: Kuwait's Burgan Bank raised $400 million in a 10-year bond sale on Thursday, at a coupon rate of 7.875 percent. The dollar-denominated bond sale attracted a final book size…
Qatar Aviation to reprice $650 mln loan-bankers
LONDON: Qatar Aviation Leasing, owned by the Qatar government, has launched syndication of a $650 million loan agreed earlier this year in order to reduce the pricing, banking sources close…
Dubai’s Nakheel sees restructuring done by year end
DUBAI: Dubai state-owned property developer Nakheel expects to complete its debt restructuring by the end of the year. "We have had a successful bank meeting and we are having very…
Utility company near L.A. finds fossil trove up to 1.4M years old
RIVERSIDE: A utility company preparing to build a new substation in an arid canyon southeast of Los Angeles has stumbled on a trove of animal fossils dating back 1.4 million…
Egypt’s PM says to reallocate Madinaty land to TMG
CAIRO: Egypt's Prime Minister said on Thursday the government would reallocate the land for Talaat Moustafa's Madinaty project back to the firm after a court ruled the state land sale…
Genetically altered salmon? It doesn’t stop there
WASHINGTON – We've always played with our food — even before we knew about genes or how to change them. For thousands of years, humans have practiced selective breeding —…
Review: Newest iPods get it right, as expected
SAN FRANCISCO – By now, Apple's introduction of new iPods each fall is about as surprising as kids going back to school. And, as usual, many of the changes CEO…
