Investments

Air India gets $173m cash injection from government

MUMBAI: India approved a cash infusion for ailing national carrier Air India Thursday, part of an expected $432 million bailout of a company many once considered a proud symbol of the nation.

Libya to admit more foreign banks

TRIPOLI: The Libyan Central Bank will allow more foreign banks to operate in Libya amid efforts to revitalize the economy and bring foreign capital into the country.

Etisalat eyes six acquisitions, licenses

DUBAI: Emirates Telecommunications Corp.,  or Etisalat, is eyeing licenses for airwaves or acquisition deals in six markets across the Middle East and North Africa, its chairman said, in a drive to boost customers.

Dubai's Drake to spend $136m on 2010 buys

DUBAI: Dubai's Drake & Scull International has $136 million to spend on acquisitions in 2010, which includes three firms, as it continues to expand and weather a downturn at home, an executive said on Thursday.

Najaf airport tussle shows risks in Iraq investing

NAJAF, Iraq: Najaf's airport was meant to be a symbol of Iraq getting back to business, and in many ways it's been a success, creating jobs and spurring a construction craze her. But an increasingly bitter dispute between local authorities and the Kuwaiti contractor brought in to run the facility is casting a cloud over one of Iraq's proudest postwar accomplishments and prompting accusations of political meddling.

Haiti sees opportunity in migration to farms

ROME: The Haitian government is looking to take advantage of the massive flow of earthquake survivors streaming from Port-au-Prince to the countryside to launch a $700 million program to invest in Haiti's farming industry and help the country feed itself.

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Latest comments

SR50bn tourist city planned in Al-Ahsa region

Step in the right direction,I have been to KSA on business visits on few occasions, the attitud

zevin at Feb 21, 2010 2:22 PM

5 comments

Questions Clinton won't answer

Wise men /women can ask many questions than the fools can answer

Israrul Haque at Feb 21, 2010 2:21 PM

7 comments

Iran blasts US presence in Gulf

Look who is talking.... <br/> <br/>Who gives rights to US, Germany, Israel to stop Iran from wh

Aun Ali Motani at Feb 21, 2010 2:21 PM

6 comments

Robbers on rampage

Other than the assistance of the police, theft insurance for expats can help. This calls for st

John Jacob at Feb 21, 2010 2:20 PM

15 comments

'Unmanned' lingerie shops face problems

MEN SHOULD NOT ALLOWED

AZHAR at Feb 21, 2010 2:20 PM

4 comments

Questions Clinton won't answer

gordon , dont act as a hypocrite ,every country is having right to secure itself , U S is not a

mohammed at Feb 21, 2010 2:19 PM

7 comments

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