Kuwait's CBK swings to Q1 loss, books provisions
KUWAIT: Commercial Bank of Kuwait (CBK) swung into a first quarter loss, after booking provisions against its loan and investment portfolios. Net loss in the three months to March 31…
Nakheel says Dubai gives funds to repay 2010 bond
DUBAI: Dubai has given developer Nakheel, part of a $24.8 billion debt restructuring at its parent Dubai World, enough funds to repay a $980 million Islamic bond due on May…
Markets slide as Greece worries weigh on oil
DUBAI: Middle East stocks fell on Tuesday, weighed by falling oil prices and downbeat global markets as a relief rally ignited by a $1 trillion plan to aid Greece gave…
Bahrain's GFH mulls increase of Khaleeji stake, says CEO
MANAMA: Bahrain's Gulf Finance House is considering increasing its stake in Khaleeji Commercial Bank instead of selling it under its asset sales program, its chief executive said on Tuesday. Like…
OPEC lifts 2010 oil demand growth forecast again
LONDON: OPEC raised its estimate for world oil demand growth in 2010 for a third successive month on Tuesday, but its figures showed economic recovery would not be sufficient to…
Seminar encourages dialogue between Egyptian, Danish students
CAIRO: Egyptian and Danish students agreed to disagree on the definition of extremism at the fourth session of a seminar titled "Mutual Understanding of Global Issues." The seminar is a…
Zamalek enter race for Mansoura keeper
CAIRO: Zamalek will enter competition against rivals Ahly for the services of highly-rated Mansoura keeper Mahmoud Aboul-Saoud. Following Mansoura's relegation from the Premier League, a summer exit is imminent for…
Israel marks 43-year rule of Jerusalem
JERUSALEM: Israel on Tuesday starts celebrating the anniversary of what it calls Jerusalem's unification, its 1967 conquest of the city's Arab sector which has since become a major hurdle in…
Nassr to show Ghaly the door
CAIRO: Hossam Ghaly is set to leave Nassr at the end of the season after he inexplicably walked away ahead of a cup game last week, chairman Faisal bin Torki…
US Special forces train African armies
KATI, Mali: A US Special Forces instructor leans toward a steering wheel, showing some 50 Malian soldiers gathered around an army pickup how a passenger should take control of a…