Tuesday 3 March 2015

Kuwait's Americana Q4 net profit falls 28pc

Kuwait Food Company (Americana), whose biggest shareholder has been in talks with several parties to sell a stake in the firm, has posted a 28 per cent drop in fourth-quarter net profit. The operator of restaurant franchises including KFC, made a net profit of KD10.19 million ($3


Iran will ‘go as far as we can’ in nuke talks - Zarif

Iranian Foreign Minister Mohammad Javad Zarif said on Monday Tehran would try to "go as far as we can" in negotiations with US Secretary of State John Kerry about Iran's disputed nuclear programme. Zarif, asked if he was confident about the talks scheduled with Kerr


Food security, farmers support in focus at Abu Dhabi forum

Senior professionals and stakeholders from across the Arab world came together to discuss food security and supporting farmers at a forum in Abu Dhabi today (March 2). The ‘Gulf Forum to Enhance Food Security and Support Small and Medium Scale Farmers’ took place at t


Bahrain council approves major Penal Code changes

Major amendments to Bahrain's 40-year-old Penal Code, including harsher punishments for manslaughter and defaming government employees, have been approved by the Shura Council. The amendments, originally suggested by parliament, were endorsed by Shura yesterday and if ratifie


Saudi man threatens Bahrain hotel staff over 'high' prices

A Saudi Arabian man, who allegedly pointed a gun at hotel employees and threatened to kill them, was upset because of the 'high room prices', a heard court. The 53-year-old was reportedly enraged when he was informed of the room rates at the four-star hotel, according to


Egypt court lists Hamas as terrorist group

An Egyptian court listed the Palestinian group Hamas as a terrorist organisation, judicial sources said on Saturday, part of a sustained crackdown on Islamists in the most populous Arab state. In a separate case earlier in the day, a court sentenced the Egyptian Muslim Brotherhoo


Qatar's Hassad Food eyes Brazilian sugar, poultry assets

Hassad Food, the agricultural arm of Qatar's sovereign wealth fund, said it was looking at possible purchases of Brazilian sugar and poultry assets as structural problems in those industries in the South American country created opportunities. "We have a lot of stuff in


Libyan PM says Turkey supplying weapons to rival group

Libya's internationally recognised Prime Minister Abdullah al-Thinni said his government would stop dealing with Turkey because it was sending weapons to a rival group in Tripoli so that "the Libyan people kill each other". Two administrations, one in the capital an


Bahrain spending $907m on expats per year

The expatriate community costs Bahrain a total of BD344.292 million ($907 million) every year – a monthly average of BD28.910 million ($76.2 million), said a report. Citing results of a study conducted nine years ago, Labour Market Regulatory Authority (LMRA) chief executiv


Newlyweds face ebola travel ban agony

A newlywed couple living thousands of miles apart say they are being prevented from seeing each other due to Bahrain's "Ebola travel ban" on their native Nigeria. Basil Maduakor claims he cannot leave the country or bring his wife Cynthia here because of ongoing &qu

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