-
Friday, 5 November, 2010
ZURICH — Swiss Re, one of the world's biggest insurers reported yesterday a near doubling of its third-quarter net profit, allowing it to repay crisis funding from US billionaire Warren Buffett.
Swiss Re said in a statement that third-quarter net profit reached $618 million (440 million euros), a 9
-
Friday, 5 November, 2010
OSLO — Norway's Sovereign Wealth Fund (SWF) said it earned 199 billion crowns ($34.43 billion) on its investments in the third quarter as stock markets rallied, and picked a prime London site for its first ever real estate purchase.
The $500 billion-plus wealth fund, the world's second-largest behi
-
Thursday, 4 November, 2010
Total investment in Muscat Wastewater Scheme to top $4.3bn -
By Conrad Prabhu -
MUSCAT — Privatisation of Haya Water, which is developing a world-class wastewater system across Muscat Governorate, is an option the government can exercise in the year 2014, according to a senior official of the st
-
Thursday, 4 November, 2010
By A Staff Reporter -
MUSCAT — The Dubai Mercantile Exchange (DME) yesterday announced its third quarter trading update, headlined by record average daily volumes and open interest levels.
The average daily volume during the quarter was 2,777 contracts, up from 1,522 contracts during the same pe
-
Thursday, 4 November, 2010
By A Staff Reporter -
MUSCAT — In October, $5.3 billion worth of sukuk were issued globally taking the total issued in the first ten months of 2010 to $39 billion, according to data compiled by Zawya’s Sukuk Monitor.
“Data from Zawya Sukuk Monitor shows that sukuk in the GCC is back on track and
-
Thursday, 4 November, 2010
By A Staff Reporter -
MUSCAT — In step with smarter strategies aimed at providing a distinct customer service, BankMuscat
recently organised an exclusive get-together for lady customers.
The high point of the celebrations was a special Al Mazyona draw held to mark the 40th National Day celebra
-
Thursday, 4 November, 2010
MOSCOW — Russian agriculture firm Phosagro wants to make a rival bid for the world's biggest fertilizer maker Potash Corp to counter a hostile offer by mining giant BHP Billiton, a report said yesterday.
The Vedomosti business daily said that the head of Phosagro had written to Prime Minister Vladi
-
Thursday, 4 November, 2010
FRANKFURT — A European Central Bank meeting today could be marked by emerging differences on monetary policy between German leaders and ECB executives that could spell trouble for the euro zone as a whole.
The ECB, German Finance Minister Wolfgang Schaeuble and the German central bank have expresse
-
Thursday, 4 November, 2010
PARIS — A fragile global economic rebound is set to gather momentum next year but debt in leading industrialised nations is expected to soar to record levels, the OECD said yesterday.
Average quarterly growth in OECD members should pick up from 1.75 per cent at present to 2.5 per cent in the second
-
Thursday, 4 November, 2010
BEIJING — The World Bank yesterday boosted its 2010 growth forecast for China to 10 per cent, but warned that global tensions over trade imbalances could cast a shadow over the rosy economic outlook.
The bank based its new prediction on the "still surprisingly strong" 9.6 per cent growth in gross d
