Friday 19 December 2014
 
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Bahrain maritime force rescues sailors as boat sinks

Eight sailors who were lost at sea for 30 hours after their cargo ship sank have been rescued by a Bahrain-based maritime force. The search was conducted by the Combined Task Force-151 (CTF-151), which is part of the Juffair-based

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Gold firms plan cuts to stay afloat as bullion sinks

Struggling gold producers plan increasingly drastic measures such as scrapping dividends, cutting jobs, halting projects and shutting mines to survive the latest price plunge, but not all of them will make it. Gold tumbled to a mo

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Boat with 170 African migrants sinks off Libya

A boat with around 170 African migrants on board trying to reach Europe has sunk off the Libyan coast, a spokesman for the Libyan navy said on Saturday. "The coast guards have rescued 17 of the illegal migrants," said Ay

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60 migrants killed as boat sinks off Yemen

At least 60 African migrants and two Yemeni crew perished in the treacherous waters off Yemen's coast last weekend, in a boat sinking that has just come to light and is believed to be the deadliest there this year, the United Nations said on

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3 dead, 157 rescued after boat sink off Indonesia

Three people died but another 157 suspected asylum seekers were rescued after their boat sank off the southern coast of Indonesia, officials said on Wednesday after earlier reports that as many as 60 may have perished. The latest

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Iranian gas platform ‘sinks to bottom of Gulf’

Iran's Pars Oil and Gas Company hopes to pull a $40 million gas platform support structure from the bottom of the Gulf after it sank in an installation attempt, Iran's Mehr news agency reported. The heavy metal support jac

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Grohe unveils new kitchen upgrades

Grohe, one of the world's leading manufacturers of sanitary fittings, has announced the launch of its innovative upgrades for hitech kitchens for the Middle East and Africa region. The company said the new Grohe Blue and Red units are

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Russian oil drilling rig sinks, 49 missing

An oil drilling rig with 67 crew on board capsized and sank off the Russian Far East island of Sakhalin on Sunday when it ran into a storm while being towed, leaving 49 of the crew unaccounted for, the regional Emergencies Ministry said. F

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Sony sinks into Q3 loss, Nintendo cuts outlook

Sony Corp fell into the red in the latest quarter and reiterated its forecast for a record annual loss due to sliding demand and a stronger yen, while rival Nintendo Company cut its full-year outlook for the second time in three months. Ni

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Gulf stocks sink as Sabic Q4 sounds alarm bells

Gulf stocks sank to multi-year lows on Tuesday as investors saw a dive in profit at Saudi Basic Industries Corp (Sabic) as a sign that the region was not as immune to the global downturn as they had thought. Petrochemicals giant Sabic beca

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