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PayPal eyes double-digit share of Middle East e-commerce 14 Nov 2012 - 02:50 pm

DUBAI: PayPal aims to double its share of Middle East and North African e-commerce within three years after enabling customers in seven of...

Prime Minister meets Lebanese Youth and Sports Minister 14 Nov 2012 - 02:48 pm

DOHA: The Prime Minister and Foreign Minister, HE Sheikh Hamad bin Jassim bin Jabor Al Thani, met here on Wednesday with the visiting...

Dubai nabs man with heroin worth $1.2 mn in stomach: report 14 Nov 2012 - 02:47 pm

DUBAI: Customs officials at Dubai airport have arrested an Asian man attempting to smuggle 1.58 kilograms (3.48 pounds) of heroin worth $1.2 million...

Chanel will not appeal fine in copy case 14 Nov 2012 - 02:37 pm

PARIS: French fashion giant Chanel said Wednesday it was not appealing a 200,000-euro fine slapped by a court for stealing a design from...

Philippine man needs $1 mn to escape Saudi beheading 14 Nov 2012 - 02:35 pm

MANILA: A Philippine worker condemned to death in Saudi Arabia for murder has won a four-month reprieve to raise four million riyals ($1.066...

Panasonic says may cut 8,000 jobs 14 Nov 2012 - 02:30 pm

TOKYO: Panasonic said Wednesday it may cut 8,000 jobs as part of a corporate overhaul aimed at shoring up its bleeding balance sheet,...

HE the Prime Minister meets Houston Mayor 14 Nov 2012 - 02:29 pm

DOHA: HE the Prime Minister and Foreign Minister Sheikh Hamad bin Jassim bin Jabor Al Thani, met here on Wednesday Houston Mayor Annise...

Vietnam PM faces unprecedented call to quit 14 Nov 2012 - 02:25 pm

HANOI: Vietnam's embattled premier on Wednesday faced an unprecedented call in the communist-dominated parliament to step down over mistakes in his stewardship of...

Airbus wins Chinese corporate jet order 14 Nov 2012 - 02:24 pm

SHANGHAI: Airbus said Wednesday it had won an order from a Chinese customer for a corporate jet as the European plane maker seeks...

Obama backs Allen over Petraeus sex scandal 14 Nov 2012 - 02:23 pm

WASHINGTON: President Barack Obama backed the top US commander in Afghanistan on Tuesday after the four-star general was dragged into the sex scandal...

Qatar Stock Exchange up 0.24% 14 Nov 2012 - 01:54 pm

DOHA: The Qatar Exchange in the green area Wednesday adding 20.45 points (or 0.24%) to advance to 8,466.06 points from 8,445.61 Tuesday. The...

Moroccan Bank, Abu Dhabi firm to start Africa equities fund 14 Nov 2012 - 01:15 pm

DUBAI: Morocco's Attijariwafa Bank and Abu Dhabi-owned Invest AD plan to start a jointly-managed fund to invest in Africa's listed companies, in a...

Dubai's Mashreq says Majed Saif al-Ghurair resigns from board 14 Nov 2012 - 12:47 pm

DUBAI: Dubai's Mashreq, the second-largest lender in the emirate by market value, said board member Majed Saif al-Ghurair has resigned with immediate effect,...

Lebanese man swallows 220 diamonds in smuggling bid 14 Nov 2012 - 12:26 pm

JOHANNESBURG: South African police on Wednesday said they had caught a Lebanese man who swallowed 220 polished diamonds in an audacious bid to...

Iraq investment concerns remain as trade fair ends 14 Nov 2012 - 11:59 am

BAGHDAD: Nuri al-Maliki may have trumpeted Iraq last week as the top destination for investment in the region, but experts warn that myriad...

Pakistan agrees to free several Afghan Taliban - officials 14 Nov 2012 - 11:59 am

ISLAMABAD: Pakistan has agreed to free some Afghan Taliban prisoners that could be useful in reconciliation efforts, officials from both countries said on...

China's 18th National Congress of Communist Party concludes, new leaders elected 14 Nov 2012 - 11:58 am

BEIJING: The 18th National Congress of the Communist Party of China (CPC) concluded here Wednesday morning, after a new CPC Central Committee and...

Car bomb targets official motorcade in central Baghdad 14 Nov 2012 - 11:57 am

BAGHDAD: A car bomb exploded in Central Baghdad on Wednesday, targeting the motorcade of an official within Baghdad Municipality. "The car bomb that...