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Dubai sets up panel to pay investors in scrapped projects 30 Jul 2013 - 01:37 pm

DUBAI: Dubai will liquidate scores of cancelled property projects and use the funds to repay investors who lost billions of dollars in the...

Nigeria lost $10.9bn to oil theft in two years 30 Jul 2013 - 01:04 pm

ABUJA: Nigeria lost out on $10.9 billion in potential oil revenues due to oil theft between 2009-2011, the chairman of the Nigeria Extractive...

Three Muslim rebels slain in Philippine clash 30 Jul 2013 - 12:54 pm

COTABATO: Three Muslim guerrillas were killed in the southern Philippines Tuesday in clashes between soldiers and a breakaway group opposed to talks aimed...

Apple's Taiwan assembler probing alleged labour abuses 30 Jul 2013 - 12:35 pm

TAIPEI: A Taiwanese company which assembles some Apple devices said Tuesday it is investigating claims of labour abuses by a US rights group....

Retailers launch talks to fix Bangladesh factories 30 Jul 2013 - 12:34 pm

DHAKA: Top retailers launched talks on Tuesday with Bangladesh factory owners and the government as part of a safety accord signed earlier this...

Pakistan prosecutors to charge Musharraf over Bhutto murder 30 Jul 2013 - 12:22 pm

ISLAMABAD: Prosecutors at Pakistani court will next week charge former military ruler Pervez Musharraf with criminal conspiracy and the murder of opposition leader...

Japan's SoftBank Q1 net profit more than doubles 30 Jul 2013 - 11:59 am

TOKYO: Japanese mobile operator SoftBank on Tuesday said its net profit for the April-June quarter more than doubled from a year earlier thanks...

Kuwait Finance House makes $362m of provisions 30 Jul 2013 - 11:58 am

KUWAIT: Kuwait Finance House (KFH), the Gulf state's biggest Islamic lender, announced 103 million Kuwaiti dinar or $362 million of "precautionary provisions" on...

Emir sends greetings to King Mohammed VI of Morocco 30 Jul 2013 - 11:28 am

DOHA: HH the Emir Sheikh Tamim bin Hamad Al Thani sent today a cable of congratulations to King Mohammed VI of Morocco on...

Mandela 'continues to show improvement' 30 Jul 2013 - 11:27 am

JOHANNESBURG, Gauteng: Nelson Mandela continues to show signs of improvement after two months of hospital treatment, the South African presidency said Tuesday, but...

S.Korea court rules against Mitsubishi Heavy on forced labour 30 Jul 2013 - 11:26 am

BUSAN, South Korea: A South Korean court ordered Japan's Mitsubishi Heavy Industries Ltd to pay a total of 400 million won or $360,200...

Violence feared as India moves to approve new state 30 Jul 2013 - 11:13 am

NEW DELHI: India's ruling party was expected Tuesday to approve the creation of a new state in the southeast amid fears the decision...

Exchange Rates in Qatar 30 Jul 2013 - 10:52 am

Exchange Rates in Qatar DOHA: Exchange Rates for foreign currencies as issued on Tuesday Qatar National Bank (QNB) are as following: Currency Buying...

StanChart hires ex-Morgan Stanley banker for Middle East push 30 Jul 2013 - 10:23 am

DUBAI: Asia-focused bank Standard Chartered has hired Sarmad Lone, previously with Morgan Stanley Inc, to help boost the lender's business with top international...

Barclays plans $9bn cashcall after mis-selling hit 30 Jul 2013 - 10:18 am

LONDON: Barclays plans to raise 5.8 billion pounds or $8.9 billion from its shareholders to answer pressure from Britain's regulator for the bank...

Japan's ANA swings to $67m loss in April-June 30 Jul 2013 - 09:58 am

TOKYO: All Nippon Airways said Tuesday that it had swung into a loss for the April-June quarter as it was hit by soaring...

Hackers attack New Zealand PM's website 30 Jul 2013 - 09:55 am

WELLINGTON: The "hacktivist" group Anonymous on Tuesday briefly crashed New Zealand Prime Minister John Key's website in protest at plans to allow the...

Eight killed in Indonesian floods, landslides 30 Jul 2013 - 09:50 am

JAKARTA: At least eight people are dead and five are missing after flooding and landslides hit eastern Indonesia, an official said on Tuesday....