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Arab Spring Asylum seekers surged into EU in 2011

Arab Spring Asylum seekers surged into EU in 2011

Asylum seekers from Arab Spring countries and West African nations suffering civil strife surged into Europe last year at a time when European politicians are talking about re-tightening border controls.

March 24, 2012 3:28
 
EU Calls For More Sanctions On Syria But Little Else

EU Calls For More Sanctions On Syria But Little Else

EU leaders called on Friday for increased sanctions on members of the Syrian government but came up with no other new means to pressure on President Bashar al-Assad apart from a plan to gather evidence against those responsible for atrocities.

March 3, 2012 5:24
 
Greece, traders work on deals to replace Iranian oil

Greece, traders work on deals to replace Iranian oil

Major traders are in talks with Greece to supply crude oil and help the country cut reliance on Iranian oil ahead of a European ban, in a sign that they are happier about Greece's creditworthiness following a second debt bailout.

February 25, 2012 12:25
 
IMF sounds warning for global economy in rising oil

IMF sounds warning for global economy in rising oil

The International Monetary Fund (IMF) flagged higher oil prices as a rising threat to the global economy on Friday, urging policymakers to keep a close eye on western tensions with Iran, which is facing punitive measures against its crude supplies.

February 25, 2012 12:14
 
Russia leads attack on EU airline CO2 law

Russia leads attack on EU airline CO2 law

Russia has joined countries considering tit-for-tat legislation to counter a European Union law that forces airlines to pay for carbon emissions, its transport minister said on Tuesday at the start of a Moscow meeting of countries opposing the EU scheme.

February 22, 2012 12:48
 
Banking’s SWIFT says ready to block Iran transactions

Banking’s SWIFT says ready to block Iran transactions

Belgium-based SWIFT, which provides banks with a system for moving funds around the world, bowed to international pressure on Friday and said it was ready to block Iranian banks from using its network to transfer money.

February 19, 2012 10:09
 
France, Britain agree drone cooperation

France, Britain agree drone cooperation

France and Britain agreed on Friday to jointly work to develop next-generation unmanned drones as part of their military cooperation as their leaders reconciled after an acrimonious clash over Europe last year.

February 19, 2012 9:56
 
Chinese envoy visits Tehran for nuclear talks

Chinese envoy visits Tehran for nuclear talks

A senior Chinese diplomat arrived in Tehran on Sunday to discuss Iran's nuclear programme, amid differences between China and the West over how to resolve the dispute it has caused.

February 13, 2012 1:36
 
Sanctions weigh on Lebanon-Syria banking ties

Sanctions weigh on Lebanon-Syria banking ties

Banks in Lebanon are quietly implementing US and EU sanctions to avoid jeopardising international business. As a result, some Syrian money may be flowing to Russia or UAE.

February 11, 2012 7:08
 
IEA official sees 2012 energy demand met by key producers

IEA official sees 2012 energy demand met by key producers

Major Middle Eastern oil producers will step in to fill any gap caused by supply shortages this year, the IEA's chief economist Fatih Birol said on Friday, while global energy demand will eventually recover from a fall caused by economic slow down.

February 11, 2012 6:18
 
Etihad interested in talks on Aer Lingus

Etihad interested in talks on Aer Lingus

Abu Dhabi's Etihad is interested in holding talks with the Irish government over the sale of its 25 percent stake in Aer Lingus, the Middle East airline's Chief Executive James Hogan told the Irish Independent newspaper.

February 11, 2012 6:16
 
Cyprus to open oil and gas round mid-Feb

Cyprus to open oil and gas round mid-Feb

Cyprus will announce a second hydrocarbons licensing round for oil and gas offshore in mid-February, its energy minister said on Tuesday.

February 7, 2012 3:29
 
Iran oil chief: sanctions to hit EU buyback

Iran oil chief: sanctions to hit EU buyback

Iran lawmakers may ban crude exports to EU within days; NIOC chief says this could hurt companies owed Iranian oil; Italy's ENI has said Iran owes it $1.4-1.5 bln in oil

January 29, 2012 11:12
 

Nuclear experts in Iran on day of oil embargo vote

UN nuclear watchdog team on 3-day visit to Iran; Lawmakers may vote to ban exports to EU from next week; Nuclear tensions rising

January 29, 2012 11:05
 
Dubai growth seen down at 4.1 percent

Dubai growth seen down at 4.1 percent

Dubai's real economic growth is expected to slow to 4.1 percent in the first quarter, due to the impact of lower economic activity in China, India and the European Union, according to a report from the Dubai Economic Council.

January 24, 2012 1:52