DUBAI An 81-year-old mother’s timely intervention saved a small-time Dubai developer from doom after banks refused to lend him money to complete his maiden project. When Ashok J. Galgotia, 56-year-old chief executive of first-time developer Triveni Builders and Promoters Ltd, faced a Dh10 million bill from about a dozen contractors in late 2009 for his [...]
A suicide bomb attack on a market in a Shia Muslim area of north-west Pakistan has killed 26 people and injured at least 50 others, officials say. The attacker blew himself up close to a mosque in the town of Parachinar in Pakistan's tribal region of Kurram. Three more people died when security forces fired [...]
Richard Jackson, one of the few non-Chinese nationals to have served in top management in China’s state-run banking industry, has an insider’s view of the effects of China’s policy on business. Résumé Education: Fellow, Chartered Insurance Institute, London Career: Oversaw Ping An Group’s banking business from 2005. Spent nearly 20 years with Citigroup Inc. Named [...]
Senegal's government has apologised for a "police blunder" after tear gas was thrown into a mosque amid protests against President Abdoulaye Wade's re-election bid. One person reportedly died on Sunday after a demonstration to condemn Friday's tear-gas incident in Dakar. Six people have now been killed in anti-Wade protests this year, local media say. Despite [...]
Women with breast implants which have been linked to a health scare are due to meet Scotland's Health Secretary Nicola Sturgeon. "There are a plethora of questions following the scandal that remain unanswered and the victims have put forward a powerful case for a full, independent public inquiry to be held here in Scotland. "As [...]
Qatar, a former pearl-fishing centre and once one of the poorest Gulf states, is now one of the richest countries in the region, thanks to the exploitation of large oil and gas fields since the 1940s. In 1995 Crown Prince Hamad bin Khalifa deposed his father to become emir and since then he has introduced [...]
Por BEN WORTHEN A diretora-presidente da Hewlett-Packard Co., Meg Whitman, prometeu passar seu primeiro ano no cargo reconstruindo o balanço da empresa de tecnologia. Mas ela tem um problema: o crescimento está secando na atividade que por muito tempo foi sua galinha dos ovos de ouro, a divisão de impressoras, responsável por mais de metade [...]
Dubai: At least two cargo dhows (boats) were gutted in a major fire on the Dubai Creek late on Saturday , Police and Civil Defence confirmed. According to eyewitnesses, five to seven boats loaded with cargo were gutted, though Civil Defence authorities did not confirm it. Passenger cruise boats were moved to a safe distance. At [...]
Por ANDREW PEAPLE Anglo American puede parecerse a cualquier otra minera global. Los altos precios del mineral de hiero y el carbón la ayudaron a registrar un crecimiento de 23% en su ganancia básica el año pasado. Pero existe una buena razón para que Anglo se cotice con un descuento de 5% en relación al [...]