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 ...Kraft buys Cadbury for $19.6 billion
US-based Kraft Foods has signed a deal to buy British chocolate maker Cadbury for around $19.6 billion, ending a six-month takeover battle, reports the BBC. The deal will lead to the creation of the world’s largest confectionery group.
Kraft’s previous offer of $17.1 billion had been rejected by Cadbury, and Kraft’s CEO Irene Rosenfeld was forced to inject more cash into her bid to win over the chocolate maker. But a majority of Cadbury’s shareholders still have to accept the deal, and chocolate maker Hershey also has time till January 25 to make a counter bid.
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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