Nicosia, June 12: Speaking at a meeting of the Egyptian Electricity Holding Company, the country’s Electricity Minister Hasan Yunis has said that the Egyptian Government plans to spend 7.5 billion

Vienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) moved below the 130 dollar mark on Tuesday, data released by OPEC showed on Wednesday.

Baghdad - Iraq's deputy electricity minister said on Wednesday that leading German company Siemens will provide Iraq with equipment to strengthen its power grid.

Iraq has agreed with Siemens that the company will share in the building of a total of 16 power plants with a capacity ranging from 160 to 270 megawatts, Salam Kazaz told the Iraqi al-Sabah newspaper.

He said that the power plants were aimed at strengthening the country's power network with 3,250 megawatts of power within two years.

"The deals will be sealed with Siemens after the consent of the prime minister's office," Kazaz said.

The negotiations with the German company are taking place in the Turkish city of Istanbul.

Bangkok - Thousands of Thai truck drivers went on strike Wednesday, parking their vehicles along the nation's highways to protest high fuel prices.

"If we work we lose money, so it's better not to work," said Thongu Kongkhan, secretary-general of the Transportation Federation of Thailand.

Thongu claimed that altogether 120,000 trucks out of 700,000 operating nationwide had joined the strike on Wednesday, parking their 10-wheel and container vehicles in queues stretching up to 10 kilometres along Bang Na Trad Highway on the outskirts of Bangkok and along other major highways in Chonburi, Rayong and Nakorn Sawan provinces.

According to Karvy, investors can purchase the stock on declines with a