Saturday 27 December 2014
 
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Arab Bank chairman denies funding Hamas

Arab Bank's chairman told reporters on Monday his bank was "clean" and had not provided funding to Hamas, speaking after his first day as a defense witness in the long-awaited civil terrorism-financing trial. A lawsu

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Kurdish oil tanker reappears off US coast

A tanker carrying disputed Iraqi Kurdish crude oil reappeared on satellite tracking on Monday near Texas, days after having gone silent with a $100 million cargo, but the latest vessel data showed it had not offloaded at sea. Acco

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US not to seize Kurdish crude from tanker

A US court on Monday threw out an order to seize some 1 million barrels of disputed Iraqi Kurdish crude oil from a tanker near Texas, a move that could allow the cargo to be delivered and end a nearly month-long impasse. The Unite

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Cannot seize Kurdish crude for now: US court

A high-stakes dispute over a tanker carrying $100 million in Iraqi Kurdish crude took a surprising turn on Tuesday when a  US judge said she lacked jurisdiction given the ship's distance from the Texas shore and urged that the case be s

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US court orders seizure of Kurdish crude cargo

Acting on a request from the central government in Iraq, a US judge has signed an order telling the US Marshals Service to seize a cargo of oil from Iraqi Kurdistan aboard a tanker off the coast of Texas, court filings showed early on Tuesday.

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Arcapita files key restructuring plan

Bahrain-based Arcapita Bank, an international investment firm, has announced the filing of an amended consensual plan of reorganisation which seeks to "maximise recoveries to creditors and other stakeholders". The compan

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Arcapita unit files for bankruptcy protection

A unit of Bahrain investment house Arcapita has filed for bankruptcy protection in the US, the company said in a statement. Falcon Gas Storage Company, a non-operating subsidiary of Arcapita, also intends to file a motion for joint adminis

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Facebook advertisers lose class status bid

Facebook, which runs the world's largest social networking website, has won a court ruling rejecting a bid by thousands of advertisers to sue the company as a group for overcharging them. US District Judge Phyllis Hamilton in Oakland, Cali

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Russia criticises US over arms dealer sentence

Russia criticised a US court on Friday for sentencing Russian arms dealer Viktor Bout to 25 years in prison, calling the ruling groundless and politically motivated. "The American judicial system, carrying out an obvious political order, i

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US lawsuit against Taqa 'dismissed'

A lawsuit brought by former employee Peter Barker-Homek against Taqa (Abu Dhabi National Energy Company) has been dismissed by a US court, the company announced today.  The Opinion and Order, issued on September 28 by US District Cou

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