In Pictures
This week sees the birthday of Sheikh Mohammed bin Rashid Al Maktoum, Vice President of the UAE. Kipp doesn’t know if he plans a party, but he’d be hard pushed to top these.
Arabic News View
Kipp takes a look at some editorials from the Arabic press. This week: Change looms over the energy industry; Rescue from Damascus; Change in the Middle East; Silencing Syria.
Videos
US intelligence network is so massive and so secretive that nobody knows how much it costs.
Last Week's Winner
Indrani Dasgupta
Indrani Dasgupta
Loading ...Crude oil falls to two-week low
Crude oil for September delivery fell by $1.82, or 2.7 percent, to $65.69 a barrel on the New York Mercantile Exchange, its lowest since July 31, reports Bloomberg. The oil prices fell after a Reuters/University of Michigan report last week showed a decline in consumer confidence in the US economy.
“Optimism on the economy has faded,” Sentje Diek, an energy analyst at HSH Nordbank AG, told Bloomberg. “The markets reacted badly to the consumer sentiment report.”
Royal Jordanian swings to H1 loss on operating costs
H1 net loss 7.2 mln dinars vs H1 2009 net profit 7.75 mln.
H1 net loss 7.2 mln dinars vs H1 2009 net profit 7.75 mln.
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