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Nakheel, a Dubai World company and one of the world's largest and most innovative real estate developers, has announced the creation of HyperCorp LLC - a joint venture company with the Auchan group, one of the world's largest food retailing groups.

Kuwait Finance House announced its annual Al-Kawthar deposit profit has reached 5.26% in June 2008.

Cleopatra's Spa, one of the largest day spas in the UAE and the trendsetter in the region's health and wellness industry for more than a decade now, has been selected as the Best Health Club/Spa at the Best in Dubai Awards 2008 at a glittering ceremony held at the Grand Hyatt Hotel on the 11th of June.

Burgan Bank - amongst the leading and most dynamic commercial banks in the state of Kuwait - avowed its commitment to sustainable development by supporting the advancement of national human capital by recently recruiting a further 20 promising nationals into its diverse workforce as a part of the Banks aggressive corporate social responsibilities framework.

Horeca, the 15th edition of the leading event for hospitality and food in the Middle East, closed its doors on Friday June 27, 2008, sealing a successful event with 10 000 professional visitors mainly from the hospitality and food sector.

Human rights groups make a joint appeal to Iran to spare the lives of four youths facing execution for crimes committed as minors.

Iran's President Mahmoud Ahmadinejad says he sees no possibility of a war between Iran and the US or Israel.

An ancient tablet shows that the idea of a resurrected messiah originates in Jewish tradition, an Israeli academic argues.

Iraq will not accept any deal with the US which does not include a pullout date of foreign troops, a senior Iraqi official says.

The US puts new financial sanctions on Iranian firms and individuals said to be involved in its nuclear programme.