Saturday 2 August 2014

Iran 'excludes' Gazprom from key oil project

Iran has 'excluded' Russia's Gazprom from a major oil field project, the semi-official Mehr news agency reported on Monday, in the latest snub to foreign investors that Tehran feels are not fulfilling their promises. But other


Europe snubs IMF call to force-feed bank capital

Europe gave a cool reception to a demand from the International Monetary Fund's new head Christine Lagarde to force its banks to bulk up their capital, saying the continent had done enough already. The European Commission said there w


UN snubs Iran, Japan elected to security council

Iran on Friday failed to win a non-permanent seat on the powerful UN Security Council after losing out to Japan. In a vote in the General Assembly, which includes all member nations of the world body, Japan won 158 votes against 32 for Ira


Batelco snubs ME, eyes Africa, India assets

Bahrain Telecommunications Company (Batelco) said it is shifting its focus away from the Middle East - where assets are overpriced - to Africa, India and the Asia-Pacific region as part of a $4 billion acquisition drive. The former monopol


Israel snubs Hamas 6-month truce offer

Israel dismissed on Friday a proposal by Hamas to call a conditional six-month truce in the Gaza Strip, calling it a ruse aimed at allowing the Palestinian Islamist group to recover from recent fighting. "Hamas is biding time in order to r

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