News Archive - 6 May 2014

Analysts reacted with caution and criticism to Attorney General Eric Holder's signaling potential criminal charges against global banks.

(MENAFN) Iran plans to supply Europe with natural gas as Russia may retaliate against EU sanctions by restricting its own supplies of the fuel, according to Tehran Times. Iran"s...

Hamad International Airport welcomed a celebratory Qatar Airways’ VIP flight last week, upon the airport’s highly anticipated soft opening.

SOME weeks ago I carried a photograph from the 1890s showing the Greenock repair yard and slipway of puffer operators Ross & Marshall.

They dubbed it ‘Organisation of Free and Democratic Society for East Kurdistan’ abbreviated to KODAR. KHORAN - Leaders from a Kurdish rebel group that has battled Iranian forces have announced the formation of a new organisation and called for dialogue with Tehran.

Japan is contributing funds to help save Lake Urmia, one of the Middle East’s largest lakes that has shrunk by 85 percent the past two decades as dams were built and farmers diverted too much water for crops.

Regulatory News:

Iran, hampered by sanctions over its nuclear program, plans within four years to boost crude-output capacity by 1 million barrels a day at fields it shares with neighboring states, Oil Minister Bijan Zanganeh said.

TEHRAN, Iran (AP) — Iran will target American aircraft carriers in the Persian Gulf should a war between the two countries ever break out, the naval chief of Iran's powerful Revolutionary Guard warned Tuesday as the country completes work on a large-scale mock-up of a U.S. carrier.

Sanctions are so hot right now. Assistant Treasury Secretary Danny Glaser recently bragged to Newsweek that Treasury is “at the center of our national security.”

>ANKARA May 5 (Reuters) - Turkish lawmakers on Monday voted to set up a commission to investigate alleged corruption by former ministers, but critics warned the ruling party would use its parliamentary majority to dictate the outcome of the probe. The government of Prime Minister Tayyip Erdogan has been dogged...

>Baluch rebels have waged a decades-long insurgency in the remote, sparsely populated and mineral rich southwest province, bordering Iran.The Frontier Corps, the main state security force in Baluchistan, said it launched an operation against militant hideouts in the mountainous Panjgur district on Monday morning."Ten militants were killed in...

>WASHINGTON (Reuters) - The U.S. Justice Department is pursuing criminal investigations of financial institutions that could result in action in the coming weeks and months, U.S. Attorney General Eric Holder said in a video, adding that no company was "too big to jail." The comments, made in...

>SARAJEVO (Reuters) - Bosnia coach Safet Susic named a largely expected 24-man provisional World Cup squad on Monday after calling up the bulk of the players who steered the Balkan country to their first major tournament as an independent nation.Limited options in all departments mean that only one of...

>Iran will also hold a training camp at the Brazilian club's ground before the June 12-July 13 tournament where the Asian side face Argentina, Nigeria and Bosnia in Group F.The 35-year-old former Arsenal and Valencia midfielder retired from playing in 2010 after a short second playing stint with Corinthians,...

>DUBAI/RIYADH (Reuters) - Differences between the United States and Saudi Arabia over Middle East policy persist, despite attempts to shore up their old alliance, and may prove calamitous for Syrian rebels. Although there is evidence that some American weapons are starting to find their way to more moderate groups fighting...

>INTERNATIONAL/REGIONAL* GLOBAL MARKETS-Asia shares ride Wall St gains after upbeat U.S. data* Brent down over $1 on China worries; gasoline prices drop* Gold near 3-week high as Ukraine fighting boosts safe-haven bids* MIDEAST STOCKS-Banks lift UAE, Qatar mkts; Saudi Arabia retreats* MIDEAST MONEY-Private equity revives as regional markets reopen*...

>Iran, the United States, France, Germany, Britain, China and Russia are working to reach a long-term accord on ending the decade-old dispute over Tehran's atomic activities by a self-imposed July 20 deadline.The West suspects Iran may be seeking a nuclear weapons capability. Iran says its program is peaceful.After...