Friday 11 July 2014

Iraqi Islamic State leader to make first public appearance

A man purported to be the reclusive leader of the militant Islamic State has made what would be his first public appearance at a mosque in the centre of Iraq's second city, Mosul, according to a video recording posted on the Internet on Saturday. There had previously been rep


Cyclone Arthur moves into southeast Canada

Cyclone Arthur pelted parts of far eastern Maine and southeastern Canada with heavy rain and strong winds on Saturday, as the storm that had been a hurricane swept away from southern New England. Arthur, which weakened to a tropical storm on Saturday morning, had earlier reached


Brotherhood leader sentenced to life

An Egyptian court sentenced Muslim Brotherhood leader Mohamed Badie to life in prison on Saturday, the court's judge said, for inciting violence that erupted after the army deposed Islamist President Mohamed Mursi last year. Badie, convicted along with about 36 other Brotherh


GCC-EU free trade deal comes into affect

An agreement signed between GCC countries and the European Free Trade Association (EFTA) has taken effect from July 1. Bahrain Chamber of Commerce and Industry (BCCI) chairman Khalid Almoayed stressed the importance of the deal in expanding regional and international co-operation


Hurricane Arthur winds hit Massachusetts

A weakened but fast-moving Hurricane Arthur swept along southern New England on Friday night, wielding tropical storm-force winds, after an earlier landfall in North Carolina that caused only slight damage. Powerful wind and heavy rain lashed the Massachusetts summer resort islan


China nod for $2.3bn IBM-Lenovo deal

The Chinese Ministry of Commerce's anti-monopoly bureau has approved Lenovo Group's proposed $2.3 billion deal to buy IBM Corp's low-end server business. The deal, announced in January, is expected to be completed by the end of the year, said Lenovo chief executive Ya


European banks warned over virtual currencies

Banks in the European Union should refrain from offering customer accounts in virtual currencies like bitcoins until regulatory safeguards are in place, the bloc's banking watchdog said. The EU's executive European Commission responded by saying it was imperative to look


US teen held for supporting Iraq rebels

Federal authorities in Denver have arrested a teenager accused of providing material support to Islamist insurgents fighting the governments of Syria and Iraq, and of conspiring to commit an offence against the US, officials said. According to a criminal complaint filed with US D


Total plans drilling for shale gas in Denmark

Total plans to drill Denmark's first test wells for shale gas in December or January, the French energy firm said, following its deals to explore for unconventional hydrocarbons in Britain and Russia. Faced with France's ban on exploring for shale gas at home, Total is em


HK gears up for debut Islamic bond

Hong Kong has mandated HSBC, Standard Chartered, CIMB Group Holdings and National Bank of Abu Dhabi to arrange its first Islamic bond issue, IFR has reported. The Hong Kong Monetary Authority is handling the deal, which is expected in September. The sukuk, is expec

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