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HSBC to sell Singapore insurance businesses 03 Apr 2013 - 01:07 pm

HONG KONG: Global banking giant HSBC said Wednesday it would sell its insurance businesses in Singapore in a deal valued at around $19.3...

IMF to provide 1bn euros to Cyprus rescue: Lagarde 03 Apr 2013 - 01:07 pm

PARIS: The International Monetary Fund has agreed to provide approximately one billion euros to the 10-billion-euro rescue plan for cash-strapped Cyprus, managing director...

GCC Banks outperform international banks 03 Apr 2013 - 12:56 pm

JEDDAH: Middle East banking revenues continued to grow at single digit rates in 2012 with a 6.9 percent increase, while profits increased by...

Hanoi bans China poultry after new bird flu strain deaths 03 Apr 2013 - 12:47 pm

HANOI: Vietnam has announced an immediate ban on all Chinese poultry imports and stepped up border controls after its northern neighbour reported two...

Austerity in rich countries hits international aid 03 Apr 2013 - 12:47 pm

PARIS, France: Rich countries applying budget austerity cut their aid to developing countries by 4.0 percent last year, the OECD said on Wednesday,...

GCC Secretary General meets Chinese Culture Minister 03 Apr 2013 - 12:35 pm

RIYADH: Secretary-General of the Gulf Cooperation Council (GCC) Dr. Abdullatif Al Zayani met here on Wednesday with China's Minister of Culture Cai Wu....

New iPhone set for production 03 Apr 2013 - 12:33 pm

NEW YORK: Apple is planning to begin production of a new iPhone similar in size and shape to its latest version in the...

Abu Dhabi Marine Company signs $2.4bn contracts 03 Apr 2013 - 12:09 pm

ABU DHABI: Abu Dhabi Marine Operating Company (ADMA-OPCO) has signed two Engineering, Procurement '&' Construction (EPC) contracts valued at around US$2.4b for the...

Wounded Afghan spy chief returns from US 03 Apr 2013 - 11:52 am

KABUL: Afghanistan's spy chief returned home on Wednesday from lengthy medical treatment in the United States after being badly wounded by a suicide...

Four Indian sisters injured in acid attack 03 Apr 2013 - 11:51 am

NEW DELHI: An acid attack left four sisters in north India with burns in a particularly brutal example of what is a growing...

Bahrain halts telecom spectrum auction as operator appeals 03 Apr 2013 - 11:47 am

DUBAI: Bahrain has halted an auction to sell radio spectrum for next-generation telecom networks after a wireless broadband operator appealed against its exclusion...

Pakistani police arrest 14 in Karachi 03 Apr 2013 - 11:47 am

ISLAMABAD: Fourteen accused including one most wanted were arrested in a police search operation in Karachi in Landhi area on Wednesday. Police said...

Philippines' Pacquiao to fight in September 03 Apr 2013 - 11:45 am

MANILA: Philippine boxing hero Manny Pacquiao plans to fight again in September, with the bout likely to be staged outside the United States...

Eight civilians wounded north of Iraq 03 Apr 2013 - 11:45 am

BAGHDAD: Eight civilians wounded when an adhesive roadside bomb went off in center of Kirkuk city, north of Iraq on Wednesday morning. A...

Taliban attack Afghan court 03 Apr 2013 - 10:57 am

HERAT, Afghanistan: Taliban attackers stormed a court and surrounding buildings in the far-western Afghan town of Farah on Wednesday, sparking a firefight with...

Boy with Down's Syndrome 'sets Everest record' 03 Apr 2013 - 10:57 am

KATHMANDU: A 15-year-old American has become the first teenager with Down's Syndrome to reach Everest Base Camp, according to his father, in an...

Verizon denies bid with AT&T to buy out Vodafone 03 Apr 2013 - 10:56 am

NEW YORK: US operator Verizon has denied speculation it was preparing a joint bid with AT&T to buy out British mobile phone giant...

Dubai's new airport to launch passenger services on Oct 27 03 Apr 2013 - 10:55 am

DUBAI: Dubai's new international airport, which started cargo operations in 2010, will open its long-delayed passenger terminal on Oct. 27 with two budget...