This time last year, the chairman and chief executive officer of Israel’s Teva Pharmaceutical Industries Ltd., the world’s biggest generic drugmaker, were foreigners. Miami billionaire Phillip Frost led the board and Jeremy Levin, a South African, was CEO. They were the first non- Israelis to hold those positions.
Algeria plans to increase natural gas shipments to Asia where the fuel costs more than in Europe, the Sahara nation’s traditional market, state-oil company Sonatrach Chief Executive Officer Abdelhamid Zerguine said.
The Greek port of Piraeus could become one of Europe’s top five container-shipping hubs as the government spurs logistics activities in a bid to kick-start economic growth, said Development Minister Kostis Hatzidakis.
The cost of shipping oil across the Mediterranean Sea surged to the highest in almost six years as traders accelerated bookings to load Libyan cargoes at a time when tankers are being delayed reaching the region.
A French judge investigating the fatal crash of an Air New Zealand Ltd. aircraft in the Mediterranean Sea in November 2008 may decide whether to bring criminal charges later today, the stuff.co.nz website reported, without saying where it got the information.
Israel said it carried out a joint missile test launch with the U.S. in the Mediterranean Sea, raising regional tensions already heightened by the Syria crisis and sending international markets tumbling.