Sunday 26 June 2016

Assad tasks minister with forming new govt

Syria's President Bashar al-Assad tasked the country's Electricity Minister Emad Khamis with forming a new government on Wednesday, state news agency SANA reported. It gave no immediate reason for the formation of a new cabinet. The Damascus-based governmen


McDonald's gets over six bids for China sale

McDonald's Corp has received more than half a dozen bids for its planned sale of China and Hong Kong stores, including offers from Beijing Tourism Group, Sanpower and ChemChina in a deal worth about $3 billion, people familiar with the matter told Reuters. McDonald's is o


Egyptian court voids islands deal with Saudi Arabia

An Egyptian court declared void on Tuesday a maritime border accord with Saudi Arabia that would have seen Egypt lose control of two Red Sea islands, judicial sources said. The state has the right to appeal the ruling at a higher court, and the accord must also be approved by par


Bahrain to extend summer work ban

A two-month summer work ban, set to start in Bahrain in less than two weeks, will be extended this year to cover more sites, a top official was quoted as saying in the Gulf Daily News, our sister publication. To read further, please visit

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