Kuwait's Agility Q1 net drops 52 pct, shares fall
KUWAIT: Net profit at Agility more than halved in the first quarter and the Gulf's biggest logistics provider said future earnings would suffer from legal costs and lost contracts following…
Court orders release of Geziret Mohamed detainees
CAIRO: A court has ordered that a group of 60 detained following clashes between security forces and protestors on Friday be released. Lawyer Ahmed Ezzat told Daily News Egypt that…
Iraq in deal with CNOOC, TPAO for Maysan oilfields
BAGHDAD: Iraq's Oil Ministry signed a final deal with China's CNOOC and state-run Turkish Petroleum Corporation (TPAO) on Monday to develop the 2.5-billion-barrel Maysan oilfield complex. The deal is the…
Regional Investment Bank Rasmala reworks the crisis in its favor
CAIRO: Top officials of regional investment bank Delta Rasmala Investments credited “major reorganization” and a conservative approach during the crisis for the three prestigious awards it won recently. Rasmala’s asset…
GE Capital plans another benchmark Islamic bond-exec
DUBAI: GE Capital, a unit of General Electric Co., plans to issue its second Islamic bond in late 2010 or in 2011, a senior executive said on Sunday. Aris Kekedjian,…
Palestinian firm sees better 2010 prospects
AMMAN: Political stability in the West Bank has brightened the business prospects of the largest Palestinian holding firm, its chairman said on Sunday. "Most of the companies that we invest…
Egypt to begin PR offensive against Nile Water treaty
CAIRO: Egypt is to begin a public relations initiative in the West in an attempt to bring the international community on board regarding its rights to the Nile water after…
S.Africa rail strike leaves millions stranded
JOHANNESBURG: A strike by rail workers in South Africa left two million commuters stranded Monday just 24 days from the kick-off of the World Cup, in which the rail network…
Over 1,000 executed every year for drugs, says report
VIENNA: More than 1,000 people face execution worldwide every year for drug-related offences, the human rights group IHRA said Monday in a report that called for the practice to be…
Activists call for Kuwait women to be appointed to judiciary
KUWAIT CITY: Kuwaiti activists and their supporters on Monday called for the appointment of women to the Gulf state's judiciary, from which they are still barred despite winning political rights.…