Brit surrogate who agreed to have Osama's grandchild expecting twins
London, Aug 9 ANI: A British surrogate to Osama bin Laden's son Omar and his wife, Zaina, is expecting twins. Louise Pollard discovered that she's pregnant with two babies during her eight-week scan at a private clinic in Manchester  read more
Posted by aniin on Monday Aug 09
Gulf reacts to Obama win with optimism laced with caution
INT43International/Diplomacy/Media/PoliticsGulf reacts to Obama win with optimism laced with cautionDubai, Nov 6 IANS The Gulf reacted expectedly with a definite sense of optimism, but tinged with caution, as America elected its first African American president, Barack Hussein Obama, to the White House.Media across the region reacted variously with headlines such as “Symbol of hope and change”, “Mr. Obama, yes you can”, “A momentous mandate yes, we agree”, “Change has arrived for all of us” and “New beginning”  read more
Posted by IANS on Friday Nov 07
Brown eyes Gulf funds to fight meltdown
INT118International/Diplomacy/EconomyBrown eyes Gulf funds to fight meltdownDubai, Nov 5 IANS British Prime Minister Gordon Brown has asked Saudi Arabia, Qatar and the United Arab Emirates UAE to contribute to his proposed expanded International Monetary Fund IMF in return for international recognition of these countries' increasing economic weight at this month's Group of 20 summit in Washington. “During his most recent tour in the region, Brown told leaders of the Gulf states that  read more
Posted by IANS on Friday Nov 07
Gulf markets crash after two days of resurgence
ECO16Economy/InternationalGulf markets crash after two days of resurgenceBy Aroonim BhuyanDubai, Oct 15 IANS Gulf markets again fell Wednesday after rallying for two days over renewed fears of the global financial crisis.Except in Saudi Arabia, where the Tadawul index ended marginally up, most markets in the region started the day in the red. While some managed to recover part of the negative ground, others fell further.The key Dubai Financial Market DFM, which saw two of its biggest one-day gains in the last couple of days, posted the biggest loss, diving 7  read more
Posted by IANS on Friday Oct 17
Bloodbath in Gulf markets after Thursday's brief respite
ECO8Economy/InternationalBloodbath in Gulf markets after Thursday's brief respiteDubai, Oct 12 IANS Dashing all optimism after Thursday's resurgence, markets across the Gulf again plunged Sunday with the Dubai Financial Market DFM falling to a 43-month low.Even as new regulations Sunday fixed a limit to which the Dubai market can fall in a day, the DFM closed Sunday at 3,025.08 after touching 2,991.04, the lowest since March 2005.The only market to close on the green was the key Saudi Arabian Tadawul, which closed at 5,814  read more
Posted by IANS on Tuesday Oct 14
Bihar flood aid from Oman entrusted to Prakash Jha's NGO
INT25International/Diaspora/DisasterBihar flood aid from Oman entrusted to Prakash Jha's NGODubai, Oct 13 IANS Around Rs.2.1 million funds raised in Oman through a charity drive for Bihar flood victims will be channelised to the Indian state through Punarwaas, an NGO set up by film director Prakash Jha.The Indian embassy, under whose aegis the fund raising drive was conducted by the Indian Social Club, has chosen Punarwaas, which has set up several relief camps in Bihar in the wake of last month’s devastating floods, for channelising the funds  read more
Posted by IANS on Tuesday Oct 14
'Right time for overseas Indians to invest in India'
INT35International/Diaspora/Business/Economy'Right time for overseas Indians to invest in India'Dubai, Oct 11 IANS Overseas Indians should take advantage of favourable exchange rates arising out of the current global financial crisis and invest in India, says M. Venugopal, CEO and managing director of India’s Federal Bank."I will ask NRIs non-resident Indians to take advantage of the current situation of high exchange rates and interest rates," Venugopalan said in Qatar.Venugopalan,  read more
Posted by IANS on Sunday Oct 12
Iran agrees to export natural gas to UAE
INT39International/Energy/BusinessIran agrees to export natural gas to UAETehran, Oct 11 Xinhua Iran signed a $2 billion gas deal with Crescent Petroleum of the United Arab Emirates UAE, the English-language Press TV reported Saturday. According to the 25-year gas deal signed Friday, Iran will export natural gas from the country's Salman field to UAE, said the report. The agreed price of natural gas is reportedly four times the price Crescent Petroleum pays for importing gas from Qatar and more than five times the average weighted price for gas in the Middle East and North Africa  read more
Posted by IANS on Sunday Oct 12
Tata firm to invest $12 mn in Qatar science park
BUS16Business/Science/InternationalTata firm to invest $12 mn in Qatar science parkDubai, Oct 8 IANS TCE Consulting Engineers, a Tata Group subsidiary, will invest $12 million over the next five years in the Qatar Science and Technology Park QSTP. The investment will see development of new engineering solutions to meet environmental challenges. "Buildings account for 40 percent of energy consumption worldwide, so with the right technology we can make a real difference in this area," Qatar's local media quoted TCE chief executive A  read more
Posted by IANS on Wednesday Oct 08
Qatar banks remain stable amid global financial crisis
BUS28Business/InternationalQatar banks remain stable amid global financial crisisDubai, Oct 8 IANS Banks in Qatar remain stable in the face of the global financial crisis with that country's central bank ready to provide liquidity to banks if needed, a senior government official has said.Sheikh Fahd Bin Faisal Al-Thani, deputy governor of the Qatar Central Bank QCB, told the state-run Qatar News Agency that instructions issued to banks by the central bank have had significant effect on enhancing the financial stability of the Qatari banking apparatus  read more
Posted by IANS on Wednesday Oct 08
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