Investments

Brazil's Lula unveils $878 billion investment plan

BRASILIA: President Luiz Inacio Lula da Silva launched a $878 billion program to upgrade Brazil's infrastructure on Monday that will be a major campaign banner for his chosen candidate in October elections.

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.

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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.

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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.

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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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New international school excites EP expatriates

Best wishes for your remarkable steps Mr. Nadeem Tarin.

Istafa Akhter at Feb 5, 2011 11:42

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Angry young men of Arab world

It is really time for Arab rulers to share political powers and include country population in t

Manwarul at Feb 5, 2011 11:42

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Millions of expats don't understand a word of Friday sermon

In all the cities of KSA, in many of the mosques, the Friday Sermon is translated immediately a

Wasim at Feb 5, 2011 11:42

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Flood deaths: University seeks punishment for rumormongers

The truth never can be hidden by media. Nobody will believe ever that no report of injuries dur

crackerkiller at Feb 5, 2011 11:41

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Millions of expats don't understand a word of Friday sermon

First other than all Muslims should known basic Arabic. In all over the country there is Arabic

J.M.Yahya at Feb 5, 2011 11:41

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Egypt chaos hikes food prices in Kingdom

Ok, I can understand Egyptian products rising in price due to borders closed, but what I dont u

Umm Khalid at Feb 5, 2011 11:33

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