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Iraq and Britain discuss prisoner swap 02 Jan 2013 - 02:14 pm

BAGHDAD: Baghdad and London are discussing a prisoner transfer deal that could see a British security guard convicted of murder in Iraq serve...

Qatar Stock Exchange up 1.08% 02 Jan 2013 - 02:03 pm

DOHA: Qatar Exchange pursued its upswing trend Wednesday, adding 90.32 points (or 1.08%) to advance to 8,449.26 points from 8,358.94 on last day....

India's Jet Airways front-runner for Etihad investment- govt source 02 Jan 2013 - 02:03 pm

NEW DELHI: India's Jet Airways Ltd is the front-runner for an investment by Gulf carrier Etihad Airways, a senior Indian government source told...

Two abducted Jordan peacekeepers freed in Darfur: UNAMID 02 Jan 2013 - 02:03 pm

KHARTOUM: Two Jordanian peacekeepers have been freed after 136 days of captivity in Sudan's Darfur region, the African Union-UN mission to the troubled...

Engine problem forces Kenya Airways flight back to Khartoum 02 Jan 2013 - 01:53 pm

KHARTOUM: A Kenya Airways flight to Cairo with 56 passengers on board was forced to return to Khartoum after a "technical problem" with...

Saudi activists urge release of writer who 'insulted' Islam 02 Jan 2013 - 01:42 pm

RIYADH: Saudi intellectuals on Wednesday urged the kingdom's crown prince to order the release of a liberal writer accused of insulting Islam via...

Syrian rebels attack military airport in northwest 02 Jan 2013 - 01:23 pm

BEIRUT: Syrian rebels, some from Islamist units, fired machineguns and mortars at helicopters grounded at a northern military air base near the main...

Market awaits next move in bid for Singapore's F&N 02 Jan 2013 - 01:17 pm

SINGAPORE: The deadline for a Thai billionaire to make an improved bid for Singapore conglomerate Fraser and Neave (F&N) was due to expire...

Dubai telco du signs $100 mln financing deal 02 Jan 2013 - 01:15 pm

DUBAI: Dubai's Emirates Integrated Telecommunications Co, or du, has signed a $100 million financing deal with Standard Chartered to shore up liquidity, the...

Egypt stops Centamin gold shipment because not approved-agency 02 Jan 2013 - 12:55 pm

CAIRO: Egyptian customs have stopped a Centamin shipment of gold held at Cairo airport from being exported because it did not obtain approval...

Chinese oil field produces 40 million tonnes of crude oil in 2012 02 Jan 2013 - 12:49 pm

BEIJING: PetroChina Daqing Oilfield, a subsidiary of PetroChina, produced 40 million tonnes of crude oil in 2012, the China National Petroleum Corporation (CNPC)...

LG begins sales of next-generation TV 02 Jan 2013 - 12:46 pm

SEOUL: South Korea's LG Electronics launched Wednesday sales of its new television using a next-generation display that the company hopes will drive growth...

ArcelorMittal announces sale of some Canadian assets 02 Jan 2013 - 12:28 pm

PARIS: Steelmaking giant ArcelorMittal, suffering from a sharp fall of demand for steel in Europe, said on Wednesday that it had sold 15.0...

Hyundai predicts 4.1% sales rise in 2013 02 Jan 2013 - 12:12 pm

SEOUL: South Korea's top automaker, Hyundai Motor Group, forecast Wednesday a modest 4.1 percent increase in car sales this year to 7.4 million...

Oman to create 20,000 govt jobs this year-minister 02 Jan 2013 - 12:11 pm

MUSCAT: Oman will continue spending heavily on job creation for its citizens this year, Finance Minister Darwish al-Balushi said on Wednesday at a...

Qatari Armed Forces General Command issues warning 02 Jan 2013 - 12:08 pm

DOHA: Qatari Armed Forces General Command has announced that the Air Forces will conduct daily air exercises in Ras Laffan at an altitude...

TAQA buys stake in Iraqi Kurdistan oil block for $600 mln 02 Jan 2013 - 11:40 am

DUBAI: Abu Dhabi National Energy Co (TAQA) has bought a 53.2 percent operating interest in Iraqi Kurdistan's Atrush oil block for $600 million...

Philippine communists call off truce 02 Jan 2013 - 11:21 am

MANILA: Communist insurgents in the Philippines called off a truce with the government on Wednesday, almost two weeks ahead of schedule, raising concerns...