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  • Kuwait Emir accepts government’s resignation

    Kuwait Emir accepts government’s resignation

    Analysts say the resignation of the government will make way for a new cabinet after which fresh elections could be called by the emir, expected to take place after the Muslim holy month of Ramadan, which starts around July 19.

    July 1, 2012 5:06
  • investcorp

    Investcorp buys Austrian online firm for $178 million

    Investcorp, a Bahrain-based investment firm, said on Sunday its online portfolio unit Skrill bought Austrian firm paysafecard.com for up to 140 million euros ($177.67 million), betting on growth in online retail sector.

    July 1, 2012 5:03
  • bahrain200

    Shareholders approve three-way Bahrain bank merger

    Shareholders of three Islamic banks in Bahrain have approved plans to merge them all into a single entity, a joint statement said, paving the way for a rare example of consolidation in the Gulf Arab banking sector.

    July 1, 2012 5:01
  • Iranian Oil Minister Rostam Qasemi

    Iran urges emergency OPEC meet as price drops

    Iranian Oil Minister Rostam Qasemi urged OPEC's secretary general to call for an extraordinary meeting amid falling oil prices, Iranian Oil Ministry's website SHANA said on Saturday.

    July 1, 2012 10:06