For the past five years Chris Thompson (pictured above) has saved £250 a month into a share plan at his company, Costa Coffee. The store manager said he could see that the chain, part of Whitbread, “was going places” – so shares in the firm were an attractive place to put aside his monthly savings. But he never imagined the… Read more →
MANAMA: National carrier Gulf Air yesterday announced it would resume flights to the Greek capital, Athens, from June 16. The airline will initially operate four weekly flights to Athens International Airport. The decision to resume flights to Athens reinforces the airline’s strategy of strengthening its network with key global destinations and providing strategic business and tourism links, Gulf Air acting… Read more →
Indian companies have generally failed to take advantages of the technologies and opportunities offered by the China market, Ratan Tata, Chairman Emeritus of the Tata Group, has said. Mr. Tata, in an address to a high-powered gathering of Chinese politicians and business leaders, said he believed there was “great potential” for Chinese companies to invest in infrastructure in India but… Read more →
With the Gulf Cooperation Council (GCC) countries firming up projects worth $450 billion in 2014, Indian investors have huge opportunities for investment in knowledge and skill based services, particularly in IT field. Qatar, UAE and Kuwait are expected to implement projects worth more than $70 billion, $85 billion and $70 billion respectively in 2014, Doha Bank Group CEO R Seetharaman said. “GCC is expected to… Read more →
Sun Pharmaceutical Industries and Ranbaxy Laboratories Ltd on Monday announced that they have entered into definitive agreements pursuant to which Sun Pharma will acquire 100% of Ranbaxy in an all-stock transaction. The combination of Sun Pharma and Ranbaxy creates the fifth-largest specialty generics company in the world and the largest pharmaceutical company in India. The combined entity will have operations… Read more →
MANAMA: The winners of the iTECH Gulf 2014 Awards have been announced in advance of the presentation ceremony at the inaugural ICT and IT show, which opens tomorrow at the Gulf Hotel’s Gulf Convention Centre. The iTECH 2014 Awards look to celebrate regional and international ICT sector achievements. This year, the categories are “I-ntrepreneur of the Year”, “App Innovator”, “IT… Read more →
Dubai: With rents in Dubai and Sharjah are on the upward swing, most tenants in the emirates say landlords are using Expo 2020 as an excuse for drastic rent increments. Over the last six months, rents in both emirates have increased by as much as 100 per cent in some areas and many residents have been forced to seek alternative… Read more →
Gold prices recovered sharply by Rs. 165 to Rs. 29,400 per 10 grams in the national capital on Saturday on brisk buying by stockists to meet the ongoing auspicious ‘Navratra’ festival demand, triggered by strong global cues. However, silver remained under selling pressure and lost another Rs. 70 to Rs. 43,480 per kg. Traders said brisk buying by stockists to… Read more →
FRANKFURT: The European Commission is examining several foreign holdings in European airlines, including Delta Air Lines’ stake in Britain’s Virgin and Etihad’s stake in Germany’s Air Berlin , to see if they comply with rules for operating an airline within Europe. A spokesman for Siim Kallas, the European Union commissioner for transport policy, said yesterday the commission was also looking… Read more →
WASHINGTON: The US labour market emerged surprisingly strong from the severe winter, with employers hiring at a brisk pace and the jobless rate holding near a five-year low. Nonfarm payrolls increased by 192,000 jobs last month after rising by 197,000 in February, the Labour Department said yesterday. The unemployment rate was unchanged at 6.7 per cent even though Americans… Read more →
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