Saturday 20 December 2014
 
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Bahrain's health chiefs deny medicines shortage

Health chiefs have moved to reassure patients after it emerged there was a shortage of certain medicines in pharmacies.   Major drugs for treating diabetes, high blood pressure, heart conditions, thyroid problems

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Iran denies steep plunge in oil exports

Iran's oil exports have remained steady in recent months, Iran's Opec governor said on Saturday, denying a report from the International Energy Agency (IEA) that Iran is struggling to arrest a decline in its oil sales. In

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Dubai-owned hotel denies bankruptcy risk

Travelodge, the UK budget hotel chain owned by Dubai International Capital, said the company faced no bankruptcy risk and would soon be getting finance from two New York-based hedge funds for restructuring debt. Avenue Capital Group and G

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Ex-Unicorn CEO denies bank's charges

The former chief executive of Bahrain's Unicorn Investment Bank denied allegations of financial crimes made by the lender, saying that Deloitte, appointed to investigate him, had not disclosed its "personal interest" in the probe. Unicorn

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Kuwait denies dispute with Citigroup

Kuwait's sale of its stake in Citigroup earlier this month was not due to a dispute with the US bank, the Gulf Arab state's finance minister said in published remarks on Sunday. Mustapha al-Shamali told al-Rai newspaper that there is no di

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Emirates denies Etihad merger reports

Dubai-based Emirates Airline has denied reports of a possible merger with UAE national carrier Etihad Airways, dismissing it as the work of 'rumour mills'. 'There is nothing like that [alliance]. There is always a lot of rumour

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Khoie denies insolvency, vows project completion

Khoie Properties has denied allegations of insolvency, and instead reiterated its control over Dh1 billion ($272 million) assets in land. The company also said it had Dh700 million receivables on account of its ownership of the ‘La Ho

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Iran official 'denied US visa for UN meeting'

Tehran's UN envoy has accused the United States of denying Iran's first vice president and members of his delegation visas to attend a UN conference on the global financial crisis. 'I am indeed delivering this speech on behalf

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Iran says no gas to UAE until price 'corrected'

Iran will not start delivering natural gas to the United Arab Emirates until the price has been 'corrected' in a contract with Crescent Petroleum, Oil minister Gholamhossein Nozari said on Saturday. The National Iranian Oil Company

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Pirate money 'not laundered in Dubai'

Dubai has denied a UK newspaper report which stated that Somalian pirates had laundered their ransom money through the banks in the emirate. British newspaper The Independent had quoted investigators hired by the shipping industry as sayin

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