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Business
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Thursday, 31 March, 2011
LONDON — British-based oil explorer Tullow Oil has agreed to sell stakes in its Ugandan operations to France’s Total and China’s CNOOC for $2.9 billion, bringing in big partners to develop the oil fields.
Tullow said yesterday it agreed to sell each company a one third interest in fields around Lak
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Thursday, 31 March, 2011
SYDNEY — Australian flag carrier Qantas said yesterday it will slash capacity and jobs as it grapples with disasters and surging fuel costs in its “most serious challenge” since the global downturn.
The announcement comes as the airline is already facing threats of strike action from thousands of m
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Thursday, 31 March, 2011
Bangkok/Jakarta — South-east Asia’s integrated automotive assembly line has suffered a slight hiccup from Japan’s earthquake disaster, but the disruption may benefit the region’s auto industry in the long term, industry sources said.
The March 11 earthquake, tsunami and nuclear plant catastrophes t
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Thursday, 31 March, 2011
PRAGUE — US policymakers may not be willing or able to wait for all global uncertainties to be resolved before they begin normalising loose monetary policy, St Louis Federal Reserve President James Bullard said.
Such issues include the turmoil in the Middle East and North Africa, the aftermath of t
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Thursday, 31 March, 2011
WASHINGTON — The worldwide smartphone market will grow nearly 50 per cent this year and Google’s Android will take over as the leading operating system, a technology market research firm said yesterday.
International Data Corp (IDC) said smartphone vendors are expected to ship more than 450 million
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Thursday, 31 March, 2011
WASHINGTON — Wal-Mart got a sympathetic hearing from several Supreme Court justices yesterday as the retailer sought to prevent female employees from bringing the largest class-action sex-discrimination lawsuit in history.
The justices sharply questioned whether more than a million female employees
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Wednesday, 30 March, 2011
By Conrad Prabhu -
MUSCAT — Well-known professional services firm KPMG is understood to have been selected by the government to provide advisory services linked to the development of a major Independent Water Project (IWP) at Ghubrah in Muscat Governorate.
Conceived on the lines of the Sultanate’
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Wednesday, 30 March, 2011
MUSCAT — Renaissance Services shareholders approved the company’s financial statements, dividend distribution and other agenda matters discussed at the 15th Annual General Meeting (AGM), including the planned listing of the company’s Topaz business.
Shareholders endorsed Renaissance’s Board of Dire
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Wednesday, 30 March, 2011
By A Staff Reporter -
MUSCAT — The Shareholders of Taageer Finance Company (SAOG) approved the Audited Financials for the year ending December 2010 at the Company’s Annual General Meeting held on March 28, 2011 at the Muscat InterContinental Hotel, which was presided by the Chairman, Khamis Mubara
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Wednesday, 30 March, 2011
By A Staff Reporter -
MUSCAT — National Bank of Oman (NBO) recently felicitated staff in Sohar branches for demonstrating tremendous courage, commitment towards customer service and dedication to protect the bank's property as well as public property during the recent period of unrest in Sohar. T
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