Monday 29 December 2014
 
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US court directs Arcapita creditors to file claims

A US court has directed the ‘reorganised Arcapita Bank BSC" to initiate transfer of claims by eligible holders. Through a notice published in the Gulf Daily News (GDN), our sister publication yesterday (Decembe

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US, allies intensify air raids on IS bases

The United States and its allies carried out 12 air strikes against Islamic State militants in Iraq and Syria on Saturday, the Combined Joint Task Force said. Six strikes near the Syrian town of Kobani on the Turkish border destro

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Tesla to roll out new high-speed electric car

US electric car maker Tesla Motors will relaunch its Roadster model with a new battery pack that will increase the distance the car can travel on a single charge by nearly two-thirds to more than 400 miles. The company's share

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Oil drops below $61 on supply glut, strong dollar

Brent oil fell by more than $1 towards $60 per barrel, weighed down by strong supply in the US and a rising dollar.   Brent for February delivery dropped $1.04 to $60.65 afte

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Foreign investors in Bahrain 'can tap US market benefits'

Foreign investors have been told that by setting up manufacturing in Bahrain, they can get duty-free access to the US market, provided they add 35 per cent domestic content within the kingdom. At a panel discussion hosted by the A

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Egypt receives 10 Apache helicopters from US

Egypt received 10 Apache helicopters from the US in the past week, security sources said on Saturday, a sign of easing tensions between the long-time allies confronting Islamist extremism across the region. The United States origi

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North Korea for joint US probe on Sony attack

North Korea said US accusations that it was involved in a cyberattack on Sony Pictures were "groundless slander" and that it was wanted a joint investigation into the incident with the United States. An unnamed spokesman

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EgyptAir hires US firm for restructuring

Egypt's national carrier has hired Texas-based airline advisory firm Sabre Airline Solutions to prepare a restructuring plan for the state-owned company, which has suffered about a billion dollars in losses since 2010. A compa

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DBWC event focus on ‘doing business in Dubai’

The Dubai Business Women Council (DBWC), the official representative organisation for business women in the emirate, hosted a delegation from the Sam Houston State University (SHSU), comprising 12 students from the College of Business Administra

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Nuclear talks with US proceed in good atmosphere: Iran

Iran said bilateral nuclear talks with the United States were proceeding in a good atmosphere despite lingering gaps over key issues such as Tehran's uranium enrichment capacity and how fast economic sanctions should be lifted.

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