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.

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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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Latest comments

Local Press: Congratulations! Your maid is pregnant

Look at the attitude of this women. She thinks that she is high and mighty and the maids are co

Taz at Jul 11, 2011 23:18

32 comments

Fights are up as heat is on

what about saudis assaulting expatriates? ? are they not crimes. SAUDI YOUTH hate expats and th

syed at Jul 11, 2011 23:18

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FB campaign against Ghadah Abdul Razeq

the campaign show lack of liberty and freedom of expression in the mind of ejiption people, as

smav at Jul 11, 2011 23:17

3 comments

Unholy price rise before holy month bites consumers hard

Is it possible ? how in the presence of PRICE CONTROL DEPARTMENT prices can be increased? but

RAFIULLAH KHAN at Jul 11, 2011 23:17

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Local Press: Congratulations! Your maid is pregnant

Why is it that Saudis feel as if they need a maid. How did our parents and grandparents survive

MARY at Jul 11, 2011 23:17

32 comments

Saudization: A two-way process

Non-Muslims came here since they were hired from their countries by Muslims. Hence, it's not th

Rashid2 at Jul 11, 2011 23:16

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