Wednesday 27 May 2015
 
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IS faces battle as Iraq bids to retake Ramadi

Islamic State poured more fighters into Ramadi as security forces and Shi'ite paramilitaries prepared to try to retake the Iraqi city, while Washington scrambled on Monday to reassure Baghdad after a US official's sharp criticism of Iraq

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Oil prices steady but ‘rally running out of steam’

Crude oil prices were broadly unchanged in early trading on Tuesday, as firm demand supported and ample supply dragged, but analysts said there were signs that a recent rally was running out of steam. Robust demand in Asia as well

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US begins work on first offshore wind plant

The US recently began construction of its first offshore wind plant, a 30-megawatt (MW) farm consisting of five turbines, which is expected to start its operation in the fourth quarter (Q4) of 2016, a report said. The feasibility

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Shi'ite militias launch counter-offensive against IS

Shi'ite Muslim militiamen and Iraqi army forces launched a counter-offensive against Islamic State insurgents near Ramadi on Saturday, a militia spokesman said, aiming to reverse potentially devastating gains by the jihadi militants.

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Arcapita sells big US apparel group J.Jill

Arcapita, the global investment management firm, said it has completed the sale of J.Jill Group, a leading US-based multi-channel retailer of women’s apparel, accessories and footwear, to TowerBrook Capital Partners, a New York and London-

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US drivers yield 'swing' oil demand crown to Saudis

As the United States raced over the past five years toward becoming a global petroleum powerhouse, the world's biggest oil exporter Saudi Arabia quietly seized a market milestone from America: the largest source of peak summer demand.

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US, European carriers’ market expands despite claims

Despite claims by the Big Three US airlines, the market for air travel from the US to the Indian Sub-Continent has expanded significantly from 2009 to 2014 with US airlines and their European partners actually flying 223,000 more passengers duri

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US agrees sale of $1.87bn in munitions to Israel

The US State Department this week approved the sale of $1.87 billion in munitions and precision guidance kits to Israel to improve the capability of existing systems and make it easier for US and Israeli military forces to work together.

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Siemens launches new wind turbine for US customers 


Siemens has launched its first wind turbine designed to specifically meet the demands of its North and South American customers. The Siemens SWT-2.3-120, which premiered at the AWEA Windpower 2015 tradeshow in Orlando, Florida, fe

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US Navy sailor dies in balcony plunge in Bahrain

A US Navy sailor has fallen to his death from a seventh-floor apartment balcony in Juffair, Bahrain. The incident happened at around 11pm on Saturday (May 16) and an investigation has been launched by Bahraini and US authorities,

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