Investments

Brazil's Lula unveils $878 billion investment plan

BRASILIA: President Luiz Inacio Lula da Silva launched a $878 billion program to upgrade Brazil's infrastructure on Monday that will be a major campaign banner for his chosen candidate in October elections.

Air India gets $173m cash injection from government

MUMBAI: India approved a cash infusion for ailing national carrier Air India Thursday, part of an expected $432 million bailout of a company many once considered a proud symbol of the nation.

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Libya to admit more foreign banks

TRIPOLI: The Libyan Central Bank will allow more foreign banks to operate in Libya amid efforts to revitalize the economy and bring foreign capital into the country.

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Etisalat eyes six acquisitions, licenses

DUBAI: Emirates Telecommunications Corp.,  or Etisalat, is eyeing licenses for airwaves or acquisition deals in six markets across the Middle East and North Africa, its chairman said, in a drive to boost customers.

Dubai's Drake to spend $136m on 2010 buys

DUBAI: Dubai's Drake & Scull International has $136 million to spend on acquisitions in 2010, which includes three firms, as it continues to expand and weather a downturn at home, an executive said on Thursday.

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Najaf airport tussle shows risks in Iraq investing

NAJAF, Iraq: Najaf's airport was meant to be a symbol of Iraq getting back to business, and in many ways it's been a success, creating jobs and spurring a construction craze her. But an increasingly bitter dispute between local authorities and the Kuwaiti contractor brought in to run the facility is casting a cloud over one of Iraq's proudest postwar accomplishments and prompting accusations of political meddling.

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Haiti sees opportunity in migration to farms

ROME: The Haitian government is looking to take advantage of the massive flow of earthquake survivors streaming from Port-au-Prince to the countryside to launch a $700 million program to invest in Haiti's farming industry and help the country feed itself.

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Latest comments

Defeating extremism in Pakistan

With reference to control the terror in Pakistan, I would like to point it out that there is on

Padmanabhan iyer at Sep 24, 2011 12:51

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Pope tells German Muslims all must be bound by law

Pope is a "pope" at the end of the day. He has to give advice even if no one asks for it and no

Rizwan Kh at Sep 24, 2011 12:51

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Veterans steal thunder in Indian poetry session

Munawwar Rana was the best. Very touching and very emotional.

Mohammed Iqbal at Sep 24, 2011 12:51

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Abbas stakes Palestinian claim to state at UN

@ KHAN, <br/>Pl do not equate kashmiri with palestine. <br/>Kashmiri problem can be solved on

Kashmiri Pundit at Sep 24, 2011 12:50

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Pope tells German Muslims all must be bound by law

I agreed with Eugene, having child abuse is not a basis to avoid the LAWS... aside from marryin

Abraham at Sep 24, 2011 12:50

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Is Saher a solution to traffic problems?

SAHER is good. It should be reinstated and used everywhere. <br/>But it can not help alone. Tra

Emad at Sep 24, 2011 12:50

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