Wednesday 1 June 2016
 
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Missing EgyptAir plane: Pieces of plastic found in sea

A Greek frigate searching for a missing EgyptAir aircraft discovered two large floating objects in a sea area 230 miles south of the island of Crete on Thursday, Greek defence sources said. The objects appeared to be pieces of pla

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Greek builder Terna wins $168m GCC projects

Greek conglomerate GEK Terna said its construction unit has secured four projects in the GCC - two each in Bahrain and Abu Dhabi (UAE) - worth €150 million ($168 million). The biggest win for the company was in Bahrain, where

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Terna JV wins $335m Qatar road deal

Qatar's Public Works Authority (Ashghal) has awarded a €300-million ($335 million) contract to a joint venture led by Greek contractor Terna for the reconstruction of a 40-km-long stretch in Doha industrial area. As per t

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Gold rebounds, but set for 4th weekly drop

Gold rebounded and world shares weakened on Friday before a meeting of euro zone finance ministers that could put Greece on its way to exiting the bloc, but prices were still headed for their fourth straight weekly drop. Spot gold

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Libyan warplane bombs Greek-operated oil tanker

A Libyan warplane from forces loyal to the internationally recognized government bombed a Greek-operated oil tanker anchored offshore, killing two crewmen in an escalation of a battle between the country's rival factions. The

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UAE start-up to launch brands at Gulfood

UAE-based Hayatna, a joint venture between Abu Dhabi’s Exeed Industries and Vivartia, a food conglomerate in Greece, plans to launch new brands at the upcoming Gulfood 2014, a food and hospitality show in Dubai. Hayatna&rsqu

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Oil above $97 ahead of Opec meet, Greek polls

Brent crude oil gained on Wednesday, with investors awaiting the outcome of the meeting this week of the producer group Opec, while gains were capped by worries about Europe's debt crisis and prospects for oil demand. Iran's oil exports ha

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Top insurer stops cover for exports to Greece

The world's biggest trade credit insurer, Euler Hermes, has stopped covering exporters shipping to Greece because of the mounting risk of them not getting paid in the event the debt-laden nation is forced out of the euro. "Euler Hermes has

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Euro sinks to 21-month low as Greek exit fears rise

The euro plunged to a 21-month low against the dollar on Wednesday as investors dumped the currency on growing fears of a Greek euro zone exit and widespread doubts about the outcome of an EU summit later in the day. The euro fell to $1.26

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Greek exit will expose euro zone to huge losses

A Greek exit from the euro zone could expose the European Central Bank and the currency bloc it seeks to protect to hundreds of billions of euros in losses, landing Germany and its partners with a crippling bill. A Greek departure would ta

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