Tuesday 16 September 2014
 
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Investcorp buys US real estate assets for $250m

Investcorp, an alternative investment manager based in Bahrain, said on Tuesday it had acquired a portfolio of office and industrial property assets in three cities in the US for around $250 million. The purchases, done in separat

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US strikes Islamic State target near Baghdad

The US military struck an Islamic State target southwest of Baghdad, US Central Command said on Monday, in an expansion of the Obama administration's campaign against the militant group that has seized large swaths of Iraq and neighboring Sy

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Allianz plans to sell US consumer business

German insurer Allianz is planning to sell the personal insurance business of its US subsidiary Fireman's Fund as the unit continues to miss its targets, a German newspaper reported. Fireman's Fund's commercial coverag

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Parx Plastics to launch biocompatible products

Netherlands-based Parx Plastics said it will soon launch the ready-to-use Saniconcentrates using the world’s first biocompatible and non-toxic technology across the US and European Union. The product is being created for its

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Lower oil tilts economic, political balance in US favour

The drop in oil prices to their lowest in two years has caught many observers off guard, coming against a backdrop of the worst violence in Iraq this decade, heightened tensions between the West and Russia, and sanctions against Iran.

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US, EU hit Russia with more Ukraine sanctions

The United States and European Union imposed new sanctions against Russia on Friday, tightening financial measures against Moscow over its intervention in Ukraine despite a week-old ceasefire which has brought calm to the embattled east.

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For Assad, US plan will weaken one foe but bolster others

By striking Islamic State in Syria, the United States would be weakening one of President Bashar Al-Assad's major enemies. But the new US strategy may still unnerve Assad by helping other opponents determined to overthrow him.

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Arab nations back US to expand anti-jihad operations

Arab nations have rallied behind US President Barack Obama's call to expand operations against jihadists in Iraq and Syria. Bahrain and nine other Arab countries agreed, in a joint communique, to do more to stop the flow of fu

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US boosts 2015 oil forecast as shale powers push to 10 mbpd

The US government jacked up its forecast for oil production next year by 250,000 barrels per day (bpd) as the boom in shale oil drilling continues to confound expectations of slower growth.   The US Energy Inform

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US 'fuelling cold war in Mideast’: expert

An emerging regional cold war is a direct result of changing US foreign policies towards the Middle East, according to a leading expert. International Institute of Strategic Studies (IISS) consulting senior fellow for the Middle E

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