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SocGen bank reports profit plunge, blames charges 08 Nov 2012 - 11:28 am

PARIS: French bank SocieteGenerale reported an 86.3-percent plunge in net profit in the third quarter on Thursday to 85 million euros ($108.6 million),...

Tunisia targets Islamic bonds worth $634 mln in 2013 08 Nov 2012 - 11:27 am

TUNIS: Tunisia will aim to issue 1 billion dinars ($634 million) worth of Islamic bonds next year, using the still developing sector to...

World Bank commits $1.4million to create agricultural jobs in Egypt 08 Nov 2012 - 11:27 am

CAIRO: A World Bank managed funding mechanism launched Thursday will commit $1.4 Million to improving the lives of people in rural Egypt. The...

Abu Dhabi's ADIB to price sukuk Thursday, guidance revised 08 Nov 2012 - 10:15 am

DUBAI: Abu Dhabi Islamic Bank, the largest sharia-compliant lender in the emirate, is set to raise at least $500 million from a sukuk...

Siemens says full-year profit down 27% 08 Nov 2012 - 10:01 am

FRANKFURT: German engineering giant Siemens announced Thursday a 27-percent drop in full-year profits as it lost ground to competitors and was hit by...

Saudi investment firm Sedco sees assets doubling by 2017 08 Nov 2012 - 09:58 am

ABU DHABI: Saudi Arabia's Sedco Capital, an investment firm complying with Islamic laws, expects assets under management to double in the next five...

Tokyo stocks close 1.51% lower 08 Nov 2012 - 09:51 am

TOKYO: Tokyo stocks lost 1.51 percent Thursday after a Wall Street sell-off as US President Barack Obama's re-election sparked fears over Washington's fiscal...

France, Belgium set 5.5 bn euro Dexia capital boost 08 Nov 2012 - 09:21 am

BRUSSELS: France and Belgium agreed Thursday to inject 5.5 billion euros of fresh capital into bailed out lender Dexia, Belgian Finance Minister Steven...

Karachi suicide attack wounds 26: police 08 Nov 2012 - 09:11 am

KARACHI: A suicide bomber rammed an explosives-laden pickup truck into the gate of a government paramilitary base in Pakistan's largest city on Thursday,...

China's Lenovo claims top spot for consumer PCs 08 Nov 2012 - 09:05 am

HONG KONG: Chinese computer maker Lenovo Group said Thursday it had become the global market leader in consumer and notebook personal computers, as...

Apple's iTunes to sell rival Sony's Japanese songs 08 Nov 2012 - 08:34 am

TOKYO: Sony said Thursday that music by its Japanese artists was now available on Apple's iTunes store, in an apparent strategy shift by...

Exchange Rates in Qatar 08 Nov 2012 - 08:30 am

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

Obama win a historic chance for peace: PM 08 Nov 2012 - 07:21 am

New Delhi: Prime Minister Manmohan Singh yesterday congratulated US President Barack Obama on his re-election and personally committed to a “rewarding” association to...

CBI findings on Aircel-Maxis deal correct: Apex court 08 Nov 2012 - 07:20 am

New Delhi: Virtually approving the CBI’s line of probe into suspected wrongdoing in the Aircel-Maxis telecom deal, the Supreme Court yesterday said the...

BAE signs pact with Smile Foundation 08 Nov 2012 - 07:19 am

New Delhi: To strengthen its social presence in India, British defence major BAE Systems yesterday signed an agreement with Smile Foundation, an Indian...

Vitamin D deficiency a growing concern 08 Nov 2012 - 07:17 am

New Delhi: Does your teenage daughter often complain of backache and joint pain? Is your college-going cousin always lethargic? Vitamin D deficiency among...

Pakistan suicide attack kills six 08 Nov 2012 - 07:03 am

Security officials inspect the site of a suicide bomb blast targeting the car of Hilal Haider, one of Peshawar city’s chief investigators, at...

War-weary Afghans shrug off Obama win 08 Nov 2012 - 07:01 am

KABUL: Afghan President Hamid Karzai yesterday congratulated US President Barack Obama on his re-election, but many in the war-weary nation shrugged off the...