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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Sri Lankan maid killed herself, police confirm

The question is what Sri Lankan Government going to do????????????

kira at Mar 16, 2011 18:17

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Bahrain ‘eerie’

"Unlike the morning flight to Dubai from Manama, which has been crowded out with Westerners get

ALREHAN at Mar 16, 2011 18:17

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Passenger prayer spurs security alert on LA flight

To DR MERSAL and to EUROPEAN WOMAN: <br/>Your comments are logical, sane, and make perfect sens

D. Wood at Mar 16, 2011 18:16

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Saudi economy is solid: Prince Alwaleed

Saw the interview on You tube. A very positive and confident talk by a very confident Prince.

Mohammed at Mar 16, 2011 18:15

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Editorial: Helping Bahrain

Where were your GCC troops when kuwait was occupied by Iraq. Shame on your forces as they did n

Feroze at Mar 16, 2011 18:03

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Editorial: Helping Bahrain

@Jalal: You don't know what you're talkin about dude!!!

josh at Mar 16, 2011 18:02

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