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Oman signs oil, gas exploration deal with U.S. PetroTel 27 Mar 2013 - 12:54 pm

MUSCAT: Oman has signed a three-year oil and gas exploration and production sharing agreement with U.S.-based private company PetroTel, the oil ministry said...

HE the Deputy Premier meets British official 27 Mar 2013 - 12:49 pm

DOHA: HE the Deputy Prime Minister and Minister of State for Cabinet Affairs Ahmad bin Abdullah Al Mahmoud met on Wednesday with Director...

Israel army arrests five Hamas members 27 Mar 2013 - 12:27 pm

HEBRON, Palestinian Territories: Israel's army early Wednesday arrested five members of Palestinian Islamist group Hamas, including a member of parliament, a prisoners' support...

Cypriot bank branches in Greece reopen 27 Mar 2013 - 11:45 am

ATHENS: Greek subsidiaries of three Cypriot banks reopened on Wednesday after they were taken over by a Greek peer, but banks in Cyprus...

Indonesia approves finance minister as central bank chief 27 Mar 2013 - 11:36 am

JAKARTA: Indonesian lawmakers have named the nation's reformist finance minister as the new central bank chief as Southeast Asia's largest economy looks to...

British soldier killed in suicide attack in Afghanistan 27 Mar 2013 - 11:36 am

KABUL: British defense officials announced a British soldier was killed when a suspected suicide car bomber attacked a patrol base in Afghanistan. The...

Fitch upgrades Philippines to investment grade 27 Mar 2013 - 11:35 am

MANILA: Fitch Ratings said Wednesday that it had promoted the Philippines credit rating to investment grade, citing the nation's resilient economy and improved...

South Korean oil firm makes significant oil discovery in Iraq 27 Mar 2013 - 11:35 am

SEOUL: A joint oil exploration project by South Korea's state-run oil company in Iraq has discovered "significant amounts" of oil in the Middle...

HH the Heir Apparent meets Yemeni President 27 Mar 2013 - 11:26 am

DOHA: HH the Heir Apparent Sheikh Tamim bin Hamad Al Thani met at the Ritz-Carlton Hotel in Doha Wednesday with Yemeni President Abd-Rabbu...

British appeal judges to rule on Abu Qatada deportation 27 Mar 2013 - 11:24 am

LONDON: Britain's Court of Appeal will on Wednesday rule on the government's attempt to overturn a decision blocking the deportation of Jordanian terror...

Credit Suisse to buy Morgan Stanley's wealth management arm 27 Mar 2013 - 10:57 am

ZURICH: Swiss banking giant Credit Suisse on Wednesday announced it will buy US bank Morgan Stanley's wealth management businesses in Europe, the Middle...

Apple in court in China over 'Siri' claim 27 Mar 2013 - 10:55 am

SHANGHAI: Apple appeared in a Shanghai court on Wednesday, accused by a Chinese firm of copying software used for the "Siri" personal assistant...

Japan's government approves 13.2 trillion yen stopgap budget 27 Mar 2013 - 10:53 am

TOKYO: The government of Japan's Prime Minister Shinzo Abe approved Wednesday a 13.2 trillion yen stopgap budget for fiscal 2013 starting April 1...

Brazil Olympics stadium shuts over roof problems 27 Mar 2013 - 10:53 am

RIO DE JANEIRO: Brazilian authorities have closed the main stadium for the 2016 Rio Olympics because of roof problems, the city's mayor said. ...

Former Japanese Internet tycoon released from jail 27 Mar 2013 - 10:44 am

TOKYO: Japan's one-time maverick Internet tycoon Takafumi Horie used Twitter Wednesday to announce his released from prison after serving nearly two years for...

10 killed as boat capsizes in southern Philippines 27 Mar 2013 - 10:42 am

MANILA: Ten people were killed and two were missing after a motorized boat capsized in a marsh in the southern Philippines, police and...

Allianz buys Turkish insurer for 684 million euros 27 Mar 2013 - 10:35 am

FRANKFURT: German insurance giant Allianz said Wednesday it has agreed to buy Turkish property and casualty insurer YapiKrediSigorta in a bid to become...

Vera Wang scraps $500 China try-on fee, knockoffs still flourish 27 Mar 2013 - 10:33 am

SHANGHAI: Vera Wang, the queen of bridal couture, is abolishing the nearly $500 fee she charged Chinese brides-to-be to try on a garment...