Monday 21 April 2014
 
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Bahrain activists hit out at 'immoral' contracts

Rights activists have hit out at "immoral" contracts that leave low-paid expatriates owing thousands of dinars if they want to quit their job.   The Migrant Workers Protection Society (MWPS) said it reg

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Egypt's EFG Hermes co-chief quits

EFG Hermes, Egypt's largest investment bank, said its co-chief executive had resigned after 18 years with the firm. Hassan Heikal, who is also a board member, will leave the company on October 31, according to a statement post

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Swiss bank chief under pressure to quit

Switzerland's biggest political party yesterday piled fresh pressure on the embattled head of the country's central bank to quit over a currency trade scandal. Swiss media said Philipp Hildebrand had failed to defuse the crisis when he ple

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Top ECB official quits over bond-buying policy

The top German official at the European Central Bank (ECB) has resigned out of the blue in conflict with the bank's policy of buying government bonds to combat the euro zone's debt crisis. The ECB on Friday confirmed Executive Boar

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Qatar quits Gulf plan for Yemen

Qatar has pulled out of a Gulf-brokered plan to ease Yemen's president from power, leaving a deal to end months of violent protests against Ali Abdullah Saleh's rule close to collapse. Qatar's withdrawal came on Thursday just a

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Morgan Stanley ME chief quits

George Makhoul, Morgan Stanley's head of Middle East and North African operations, has resigned for personal reasons, a spokesperson said on Wednesday. George Makhoul, who helped establish the investment bank's operations in the region in

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OMV may quit Iran project

Austrian oil company OMV AG has resisted Iranian pressure to push ahead with investment in a gas project and is prepared to be dropped as a partner, rather than invest now, an executive said on Wednesday. Helmut Langanger, OMV exploration

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US military takes first step to quit Iraqi cities

The US military took a step towards pulling combat troops from Iraqi cities on Saturday, moving out of a Baghdad base that Iraqi officials said would be dismantled and converted back into a shopping mall. It was the first US military base

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IAEA chief threatens to quit if Iran attacked

The chief of the United Nations nuclear watchdog said in remarks aired on Friday that he would resign if there was a military strike on Iran, warning that any such attack would turn the region into a "fireball". "I don't believe that what

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WTO deal faces threat as mediator set to quit

The diplomat overseeing one of the most fractious areas of global free trade talks said he will leave his post in August, adding pressure on World Trade Organisation (WTO) member states to settle their differences before he goes. The WTO's

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