Shuaa posts Q1 profit on asset management rebound
DUBAI: Financial services group Shuaa Capital swung to a net profit in the first quarter, helped by its asset management business and lower expenses. Shuaa posted AED19.5 million ($5.3 million)…
Iran invests $5.2 bln in petrochemical projects, says Mehr
TEHRAN: Iran is investing more than $5 billion in nine major petrochemical projects which will be completed during the 2010-11 year, a senior official said in remarks published on Monday.…
HSBC says Dubai World plan fair, resolution in weeks
DUBAI: Dubai World's restructuring plan is "very fair" and could be signed by lenders in coming weeks, a senior executive at one of its major bank creditors said on Monday.…
Iran says no change in oil sales to China, Japan
TEHRAN: A senior Iranian oil official denied on Monday that the Islamic Republic's crude sales to China and Japan had declined during the first few months of 2010, the ISNA…
Israel, Turkey hold talks amid tensions
JERUSALEM: Israeli and Turkish diplomats met in Jerusalem on Sunday for routine talks hailed as "positive and warm" amid deteriorating relations between the allies. The director general of Israel's foreign…
Nine bronze statues stolen in Tehran serial theft, says report
TEHRAN: Nine bronze statues, some of famous Iranians and costing thousands of dollars, have been stolen in Tehran in what is said to be serial thievery, Fars news agency reported…
Gunfire erupts during Darfur 'Ponzi' protest
KHARTOUM: Gunfire broke out and ambulance sirens wailed as hundreds of angry victims of a failed pyramid scheme protested in Sudan's war-torn Darfur region on Sunday, as a witness said…
Some profit from wives despite French polygamy ban
PARIS: The burqa, or face-covering veil, is getting all the attention in the debate over Muslim immigrants in France. But another controversial tradition among some immigrants is less noticed and…
Get a PhD in dreaming at new Saudi academy
RIYADH: Dreaming of an advanced degree? Try a doctorate in dreams, something which could soon become a reality in a new Saudi academy offering undergraduate and graduate degrees. Yusuf Al-Harthy,…
Hamas says, Gaza civil servants to get partial salaries
GAZA CITY, Gaza Strip: An official says Gaza's Hamas government can't pay its 32,000 employees in full for the second straight month. Deputy Finance Minister Ismail Mahfouz denied Sunday that…
