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Wednesday, 16 February, 2011
By Conrad Prabhu - MUSCAT — A joint venture of Italy-based international construction firm Astaldi and Turkish contractor Ozkar Insaat Sanayi ve Ticaret AS has won a contract to dualise a key stretch of the Bidbid-Sur carriageway at a cost of RO 125.231 million. The dualisation project – one of a sl
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Wednesday, 16 February, 2011
By A Staff Reporter - MUSCAT — Port Services Corporation (SAOG) has signed an agreement with First Capital Financial and Management Consulting, to implement a Business Process Management Suite (BPM). The agreement was signed by Saud bin Ahmed al Nahari, CEO of Port Services Corporation (SAOG) and Al
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Wednesday, 16 February, 2011
By A Staff Reporter MUSCAT — Muscat-based Phoenix Solar LLC, a subsidiary of Phoenix Solar AG, an international photovoltaic system integrator listed on the German TecDAX, is to build a solar park with a peak power of 3.5 megawatts for the Saudi Arabian Oil Company (Saudi Aramco). Saudi Aramco, the
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Wednesday, 16 February, 2011
By A Staff Reporter - MUSCAT — With increasing awareness and demand of sustainable and renewable energies worldwide and in Oman in particular, Al Mashriq International Engineering Consultancy (MIEC) has announced a strategic co-operation in the field of green technologies with the Swedish technology
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Wednesday, 16 February, 2011
LONDON — British bank Barclays will review its portfolio and cut costs to boost profitability as it grapples with tougher regulations which it said will lower its returns. The warning on returns came as the bank reported a forecast-beating 32 per cent rise in annual earnings yesterday, beating expec
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Wednesday, 16 February, 2011
LONDON — Real estate company British Land posted 25 per cent growth in third-quarter net asset value (NAV) and expects future buying opportunities at more realistic prices as Britain experiences a muted economic rebound. British Land — whose portfolio is dominated by prime retail and offices — said
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Wednesday, 16 February, 2011
TOKYO — The Bank of Japan (BoJ) yesterday upgraded its view of the economy for the first time in nine months on accelerating global growth but kept its easy monetary policy in place due to persistent deflation. The central bank's board voted unanimously at the end of a two-day meeting to keep its ke
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Wednesday, 16 February, 2011
PARIS/BERLIN — The German, French and Italian economies expanded less than expected in the fourth quarter, data showed yesterday, suggesting the euro zone may not have accelerated out of a third-quarter slowdown.
Economists have forecast the euro zone economy as a whole grew by 0.4 per cent in th
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Tuesday, 15 February, 2011
TOKYO/SINGAPORE — Asian stocks were broadly steady yesterday after traders took China's closely-watched inflation data in their stride, while the euro regained some ground after hitting a three-week low the previous day. London copper futures rallied to a record high after lower than expected consum
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Wednesday, 16 February, 2011
LONDON — Britain's January inflation numbers will make difficult reading for the Bank of England at a time when its inflation-fighting credentials are increasingly coming into question. Figures are forecast to show annual consumer price inflation surged to 4.0 per cent from 3.7 per cent in December,
