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Rockets from Syria hit Lebanon 11 Jun 2013 - 02:25 pm

BAALBEK, Lebanon: Seven rockets launched from Syria on Tuesday hit the eastern Lebanese town of Hermel, a bastion of the Shiite group Hezbollah,...

Qatar LNG shipper Nakilat signs $917m refinancing deal 11 Jun 2013 - 02:12 pm

DUBAI: Qatar Gas Transport Co. (Nakilat), one of the world's largest shippers of liquefied natural gas (LNG), signed a $917 million loan refinancing...

Musharraf wins $10,000 bail in second Pakistan case 11 Jun 2013 - 02:06 pm

ISLAMABAD: Pakistan's ex military leader Pervez Musharraf was granted bail Tuesday in a second case relating to his nine-year rule, bringing closer his...

Airliner market worth $4.8 trillion in 20 years: Boeing 11 Jun 2013 - 01:50 pm

This photo taken on June 13, 2005 shows the tails of a Boeing 777, the Airbus A380 and A340 at the Paris Air...

Reformist candidate Aref quits Iran’s presidential race 11 Jun 2013 - 01:48 pm

Former Iranian first vice president and reformist presidential candidate, Mohammad Reza Aref waves to his supporters as he attends his campaign rally in...

Saudi airports agency picks banks for huge riyal sukuk 11 Jun 2013 - 01:20 pm

DUBAI: Saudi Arabia's state airports operator has picked three banks to arrange the second tranche of its local Islamic bond programme, banking sources...

Philippines jobless rate soars despite record growth 11 Jun 2013 - 01:19 pm

MANILA: The Philippines' jobless rate soared to a three-year high in April even though the nation has the fastest-growing economy in Asia, official...

Pakistan says Indian jets violate air space 11 Jun 2013 - 12:38 pm

ISLAMABAD: Pakistan on Tuesday accused Indian jets of briefly violating its airspace, days after India said one of its soldiers had been killed...

Shares in three Indian banks slip after RBI penalty 11 Jun 2013 - 12:14 pm

MUMBAI: Shares in India's ICICI, Axis and HDFC banks fell on Tuesday after the central bank found them guilty of violating guidelines relating...

Toll from Iraq carnage rises to 73 dead 11 Jun 2013 - 11:51 am

BAGHDAD: A wave of attacks mostly targeting security forces in Sunni areas of Iraq killed at least 73 people, officials said on Tuesday,...

Dubai bank ENBD completes purchase of BNP's Egypt arm 11 Jun 2013 - 11:50 am

DUBAI: Emirates NBD, Dubai's largest lender, has completed the acquisition of BNP Paribas' Egyptian assets after receiving regulatory approval in the North African...

S.Korea shippers join overseas rivals in shunning Iran business 11 Jun 2013 - 11:50 am

SEOUL: South Korean container shippers are joining a wave of their international peers in giving up on Iranian business ahead of new U.S....

Syria army pounds Aleppo airbase 11 Jun 2013 - 11:48 am

BEIRUT: Syria's army launched multiple attacks on rebel positions on Tuesday in the northern province of Aleppo, including insurgent-held areas of a key...

Nepal court orders passport change for transgenders 11 Jun 2013 - 11:02 am

KATHMANDU: Nepal's Supreme Court has ordered the government to alter passports so that transgenders no longer have to describe themselves as male or...

Dubai World unit sells UK asset to Brookfield 11 Jun 2013 - 10:37 am

DUBAI: Economic Zones World (EZW), a unit of government-owned conglomerate Dubai World, has sold its British-based logistics firm Gazeley to Brookfield Asset Management,...

Three businessmen arrested over Olympus scandal 11 Jun 2013 - 10:08 am

TOKYO: Japanese prosecutors said Tuesday they have arrested three businessmen on suspicion of illegally receiving money from Olympus in return for helping it...

Tokyo stocks close down 1.45pc 11 Jun 2013 - 09:13 am

TOKYO: Tokyo stocks ended 1.45 percent lower on Tuesday after the Bank of Japan (BoJ) delayed expanding April's huge stimulus scheme after a...

AirAsia considers end to tie-up with Japan's ANA 11 Jun 2013 - 09:10 am

KUALA LUMPUR: Malaysian budget carrier AirAsia on Tuesday said it was considering ending its near two-year tie-up with Japan's All Nippon Airways (ANA)...