The Icelandic parliament has passed a resolution recognizing Palestine as a sovereign state, UPI reported.
The Althing voted on the proposal by Minister for Foreign Affairs Ossur Skarphedinsson, which specifically recognizes the pre-1967 borders of (...)
AlHijjah 29, 1432, Nov 25, 2011, SPA -- Iceland's government has rejected an application by a Chinese entrepreneur to purchase land for a resort development, as AP reported.
The government said Friday that the company controlled by Huang Nubo did (...)
Iceland's central bank Wednesday raised its key
interest rate by a quarter of a percentage point to 4.50 per cent,
citing rising inflation, according to dpa.
Inflation in July was at 5 per cent compared to the central bank's
goal of 2.5 per (...)
Awwal 17, 1432 H/Feb 20, 2011, SPA-- Iceland's president Sunday rejected a revised
plan to repay compensation to Britain and the Netherlands over the
collapse of an Icelandic bank three years ago, saying it should be
subject to a new (...)
Awwal 13, 1432 H/Feb 16, 2011, SPA -- - Iceland's parliament Wednesday approved a
revised plan to repay compensation to Britain and the Netherlands
over the collapse of an Icelandic bank three years ago.
The deal was approved by a 44 to 16 vote (...)
Iceland should bring negligence charges against former ministers over its banking collapse in 2008, a committee of the Althingi parliament said on Saturday, but was split on who should stand trial, according to Reuters.
Five of the nine members of (...)
Iceland's erupting volcano has showed signs of increased activity, but the cloud of ash which wreaked havoc on European air travel is blowing clear of busy flight paths, Reuters quoted a panel of scientists as saying on Thursday.
High altitude (...)
Icelandic authorities closed two airports near
the capital Reykjavik on Friday over volcanic ash from a volcano that
erupted last week, according to dpa.
The ash cloud from the volcano under the Eyjafjallajoekull glacier
in southern Iceland (...)
The Icelandic volcano which grounded air traffic over Europe is still erupting, but it is spewing less ash, Reuters quoted reported the meteorological office and experts as saying today.
Close monitoring of the neighbouring and potentially more (...)
The dramatic volcanic eruption that belched out the ash plume responsible for grounding much of Europe entered a new phase today _ producing less smoke but bubbling with lava and throwing up chunks of molten rock, according to AP.
Less ash is (...)
A volcano in Iceland continued to spew ash and
smoke skywards Thursday evening with no sign of letup in the days
ahead, officials said in Reykjavik according to dpa.
According to the Foreign Ministry, experts said the risk of
ongoing volcanic (...)
Scientists said the country's latest volcanic eruption is coming to an end. The tourist boom it sparked may now subside, as well.
The Eyjafjallajokull (AYA-feeyapla-yurkul) volcano erupted March 20 after lying dormant almost 200 years, AP (...)
Iceland and the International Monetary Fund
(IMF) announced today that they had agreed on the terms of a 159-
million-dollar loan payment to the North Atlantic country, dpa reported.
The government of Iceland said the payment hinged on a review (...)
Authorities evacuated hundreds of people after a volcano erupted beneath a glacier in southern Iceland, Iceland's civil protection agency said Sunday.
The eruption occurred around 11:30 p.m. Saturday (1930 EDT) beneath the Eyjafjallajokull (...)
Still smarting from the crippling aftermath of the global financial crisis, grudging Icelanders were expected Saturday to vote down a $5.3 billion plan to pay off Britain and the Netherlands for debts spawned by the collapse of an Icelandic Internet (...)
Iceland today rejected a new proposal on
terms for the repayment of 5.4 billion dollars to British and Dutch
investors following the collapse of an Icelandic bank, according to dpa.
Officials from the three countries have in recent weeks (...)
Iceland was Sunday considering a new proposal on terms for how Reykjavik is to repay 5.4 billion dollars to British and Dutch investors after the collapse of an Icelandic bank.
The British and Dutch governments had initially stepped in to (...)
Iceland, Britain and the Netherlands have yet to
agree on terms for how Reykjavik is to repay 5.4 billion dollars to
British and Dutch savers after the collapse of an Icelandic bank, dpa quoted
public broadcaster RUV as reporting today.
The (...)
Iceland, Britain and the Netherlands are due
next week to discuss how Reykjavik is to repay 5.4 billion dollars to
British and Dutch savers after the collapse of an Icelandic bank, dpa cited
public broadcaster RUV as reporting today.
The (...)
Members of a 35-strong Icelandic team of search
and rescue workers today pulled two people alive from the rubble
of the Caribbean Market in Haiti"s capital Port-au-Prince, dpa quoted the
Icelandic foreign ministry as saying.
The Icelandic (...)
The Icelandic parliament held an emergency session today to debate details of a referendum on repaying $5.7 billion to Britain and the Netherlands _ a poll that is seen as a defining moment in the bankrupted country"s economic recovery, according to (...)
A Lufthansa flight en route from Frankfurt to Detroit with about 200 passengers made an emergency landing in Iceland on Saturday after it was found to be carrying luggage whose owner had not boarded the plane, Reuters reported.
A bomb squad (...)
Iceland"s central bank today lowered its key
interest rate by 1 percentage point to 11 per cent, according to dpa.
Announcing its decision, the Monetary Policy Committee said the
currency "has remained broadly stable since late summer, although (...)
Icelandic lawmakers voted on
Friday in favour of a bill to repay Britain and the Netherlands
more than $5 billion lost in Icelandic deposit accounts last
year, a move seen paving the way for further international aid
needed to repair the (...)
Iceland's President Olafur Ragnar Grimsson has
broken his left shoulder in a horse-riding accident, news reports
said Thursday, according to dpa.
Grimsson was riding Wednesday with a group of people including his
wife at Hunavellir in the (...)