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Print - 2012-01-23
Strauss to operate Viva Coffee's German plant

Strauss to operate Viva Coffee's German plant

Israel's Strauss Coffee, the world's fifth largest coffee company in terms of green coffee procurement, said on Sunday it signed an agreement to operate German producer Viva Coffee's plant for up to eight years.
Published 23 Jan, 2012 12:00am
Volkswagen may complete takeover of Porsche this year

Volkswagen may complete takeover of Porsche this year

Europe's biggest automaker Volkswagen will likely this year complete its takeover of luxury car group Porsche after clearing key hurdles, according to a German media report Sunday. News weekly Der Spiegel writes in its upcoming issue that VW, which owns 4
Published 23 Jan, 2012 12:00am
AVG Technologies sees IPO priced at $16-$18 apiece

AVG Technologies sees IPO priced at $16-$18 apiece

AVG Technologies NV said it expects to sell 8 million shares at $16 to $18 apiece in its initial public offering, less than a week after the anti-virus software maker filed to go public. In its latest filing with the US Securities and Exchange Commission,
Published 23 Jan, 2012 12:00am
Ruspetro nudges forward with London IPO

Ruspetro nudges forward with London IPO

Ruspetro, an oil explorer with Russian assets, could price a delayed $300 million London initial public offering (IPO) this week, a source familiar with the situation said on Monday. The deal would be the first London main market float of 2012, against a
Published 23 Jan, 2012 12:00am
London stock market awaits British growth data

London stock market awaits British growth data

Investors on the London stock market next week will find out whether Britain is a step closer to a return to recession with the publication of key quarterly growth data. All eyes will be on the first official estimate of British gross domestic product (GD
Published 23 Jan, 2012 12:00am
Tokyo bourse to keep scandal-hit Olympus listed

Tokyo bourse to keep scandal-hit Olympus listed

The Tokyo bourse will keep the shares of Olympus listed despite a scandal that has tainted global confidence in Japanese corporate governance, the stock exchange said Friday. The Tokyo Stock Exchange (TSE) said it will instead designate the company's stoc
Published 23 Jan, 2012 12:00am
Raiffeisen sees little deleveraging in CEE

Raiffeisen sees little deleveraging in CEE

The head of Raiffeisen Bank International, emerging Europe's third-biggest lender, sees scant danger of having to scale back its balance sheet in the region as it bulks up its capital base, he said. "There is no deleveraging taking place," Chief Executive
Published 23 Jan, 2012 12:00am
No silver bullet to avert another MF Global: regulator

No silver bullet to avert another MF Global: regulator

Increased surveillance cannot guarantee customers will never again lose money in a broker insolvency, though the collapse of MF Global Holdings may lead futures exchanges to conduct more spot checks, a top US regulator said on Thursday.
Published 23 Jan, 2012 12:00am
Global markets week ahead: Yield hunters emerge from hibernation

Global markets week ahead: Yield hunters emerge from hibernation

in the light and still very nervous, investors have taken tentative steps back into the world's equity markets in 2012, but it won't take much to scare them and they will be looking for encouragement from policy makers in the coming week.
Published 23 Jan, 2012 12:00am
Whitewood Capital plans up to 100 million euro IPO

Whitewood Capital plans up to 100 million euro IPO

Whitewood Capital is planning to raise up to 100 million euros ($126.67 million) by floating a property fund in Brussels in the first quarter of this year, one of its two chief executives said, in what is likely to be the first flotation in Belgium for ov
Published 23 Jan, 2012 12:00am
Whitewood Capital plans up to 100 million euro IPO

Whitewood Capital plans up to 100 million euro IPO

Whitewood Capital is planning to raise up to 100 million euros ($126.67 million) by floating a property fund in Brussels in the first quarter of this year, one of its two chief executives said, in what is likely to be the first flotation in Belgium for ov
Published 23 Jan, 2012 12:00am
Hong Kong takes further steps to liberalise yuan market

Hong Kong takes further steps to liberalise yuan market

Hong Kong announced further measures on Tuesday to liberalise its fledgling offshore yuan market, allowing banks to take on more risks and increase their involvement in the market. "The key focus is further liberalisation," HSBC said of the new measures i
Published 23 Jan, 2012 12:00am
Two Qaeda suspects killed in clashes with Yemen army

Two Qaeda suspects killed in clashes with Yemen army

Two suspected al Qaeda fighters were killed in clashes with Yemeni troops in the restive southern province of Abyan, a local official said on Sunday. The clashes flared on Saturday night in the provincial capital Zinjibar, where troops have been battling
Published 23 Jan, 2012 12:00am
Mogadishu fighting kills at least nine Somalis

Mogadishu fighting kills at least nine Somalis

Somali militants firing vehicle-mounted anti-aircraft guns clashed with African Union forces for a second night in Mogadishu, killing at least nine people including women and children, an ambulance official said on Sunday.
Published 23 Jan, 2012 12:00am
Police deployed as South Africa cleans up Malema base

Police deployed as South Africa cleans up Malema base

Armed police guards are protecting a South African treasury team sent to fix the finances of a bankrupt province that is a base for firebrand ANC youth leader Julius Malema, a sign of political tensions ahead of an appeal that will decide his fate.
Published 23 Jan, 2012 12:00am
Deputy head of Libya's NTC quits after protests

Deputy head of Libya's NTC quits after protests

The deputy head of Libya's ruling National Transitional Council (NTC) said on Sunday he was resigning after a series of protests against the new government which the country's leader warned could drag Libya into a "bottomless pit."
Published 23 Jan, 2012 12:00am
US envoy says no decision on Taliban transfers

US envoy says no decision on Taliban transfers

The United States has not taken a decision on whether to release five prisoners being held at Guantanamo Bay to support a nascent peace process with the Taliban, the US special envoy to Afghanistan and Pakistan said on Sunday.
Published 23 Jan, 2012 12:00am
17 die as boat capsizes in Iran

17 die as boat capsizes in Iran

Seventeen people have died after a storm capsized a passenger boat off of Iran's southern coast, the official IRNA news agency reported on Sunday. The boat sank Saturday evening while sailing between Hormuz Island and the port city of Bandar Abbas on the
Published 23 Jan, 2012 12:00am
Woman's body found on Italy cruise liner

Woman's body found on Italy cruise liner

Divers searching the wreck of the Costa Concordia have located the body of a woman in the submerged part of the wrecked Italian cruise liner, officials said on Sunday, bringing the total number of known dead in the accident to 13. "Divers have found anoth
Published 23 Jan, 2012 12:00am
Rushdie says Indian police invented death threat

Rushdie says Indian police invented death threat

British author Salman Rushdie on Sunday accused Indian police of making up an underworld plot to assassinate him that forced him to pull out of a literary festival this weekend. Rushdie withdrew from the event in Jaipur, the state capital of Rajasthan, af
Published 23 Jan, 2012 12:00am
EU urges balance between Internet freedom and copyright

EU urges balance between Internet freedom and copyright

Governments must strike a balance between policing the Internet to protect copyright and upholding freedom of expression, EU justice commissioner Viviane Reding said Sunday. Reding was reacting to a US crackdown on hundreds of websites accused of offering
Published 23 Jan, 2012 12:00am
Romney readies tax returns to regain Republican lead

Romney readies tax returns to regain Republican lead

Republican presidential candidate Mitt Romney pledged on Sunday to release his tax returns this week, bowing to pressure from critics and hoping to make up for a misstep that helped rival Newt Gingrich win South Carolina's primary race.
Published 23 Jan, 2012 12:00am
Two cargo ships sink in Philippines; 32 aboard saved

Two cargo ships sink in Philippines; 32 aboard saved

A cargo ship loaded with cement sank in the central Philippines on Sunday and another vessel carrying iron ore went down off the country's eastern coast, the coast guard said. All 32 crewmen from both ships were rescued.
Published 23 Jan, 2012 12:00am
Insurgents kill over 178 in Nigeria's Kano

Insurgents kill over 178 in Nigeria's Kano

Gun and bomb attacks by insurgents in the northern Nigerian city of Kano last week killed at least 178 people, a hospital doctor said on Sunday, underscoring the daunting challenge President Goodluck Jonathan now faces to prevent his country sliding furth
Published 23 Jan, 2012 12:00am
France reaffirms right to decide on early Afghan pullout

France reaffirms right to decide on early Afghan pullout

France insisted Sunday it reserved the right to decide on a possible early pullout of forces from Afghanistan despite Washington saying Paris had vowed to ensure the mission's "strength and effectiveness." The apparent differences between the two NATO all
Published 23 Jan, 2012 12:00am
'Kashmiris to continue martyrs' mission'

'Kashmiris to continue martyrs' mission'

Senior leader of All Parties Hurriyet Conference, Agha Syed Hassan Al-Moosvi has said that the mission of Kashmiri martyrs would be accomplished at all costs. Paying rich tribute to the martyrs of massacres of Gaw Kadal, Handwara and Kupwara, Agha Syed Ha
Published 23 Jan, 2012 12:00am
Gandhara Welfare Trust established

Gandhara Welfare Trust established

A literary, cultural and social welfare organisation, Gandhara Hindko Board, has set up a full-fledged Gandhara Welfare Trust to reach out to the have-nots. The decision to this effect was taken at the Executive Committee meeting of the board, which was p
Published 23 Jan, 2012 12:00am
Security plan for Rabi-ul-Awal finalised

Security plan for Rabi-ul-Awal finalised

Hyderabad police have made foolproof security arrangements for the Holy month of Rabi-ul-Awal. A meeting presided over by SSP Hyderabad Syed Asad Raza Shah at police Headquarter was attended by religious parties' leaders including Haji Gulshan Illahi, Sal
Published 23 Jan, 2012 12:00am
Taliban video shows execution of soldiers

Taliban video shows execution of soldiers

Taliban militants have released a video showing the execution of 15 soldiers whose bodies were found earlier this month after they were kidnapped in north-western Pakistan. The Tehreek-e-Taliban Pakistan had claimed responsibility for the killings. The 15
Published 23 Jan, 2012 12:00am
Police stations: system being developed to computerise record

Police stations: system being developed to computerise record

National Police Bureau Islamabad is in the process of computerisation of police stations and offices record to improve their performance and ensure transparency. Work is being executed under a project entitled Police Record and Office Management Informati
Published 23 Jan, 2012 12:00am
Tourists take keen interest in Pakhtuns' culture, traditions at Fitur

Tourists take keen interest in Pakhtuns' culture, traditions at Fitur

Tourists took keen interest in the rich culture and traditions of Pakhtuns during the five-day International Tourism Trade Fair at Madrid. A large people turned up to the venue and evinced keen interest in the photos of serene and lush green valleys of Kh
Published 23 Jan, 2012 12:00am
KP to start work on IT centres shortly: minister

KP to start work on IT centres shortly: minister

Khyber Pakhtunkhwa Minister for Science and Information Technology, Mohammad Ayub Khan has said that the provincial government has approved the establishment of IT Centres in Deans Street, Peshawar and Muqqadus Tower, Abbottabad on which work will start s
Published 23 Jan, 2012 12:00am
JI Shoora demands fresh elections under autonomous EC

JI Shoora demands fresh elections under autonomous EC

The Central Shoora of the Jamaat-I-Islami, Pakistan has called for immediate announcement of general elections under an impartial government and an autonomous Election Commission to enable the masses elect their new leadership for resolving their problems
Published 23 Jan, 2012 12:00am
BZU students protest against substandard meal

BZU students protest against substandard meal

Female students of Bahauddin Zakariya University living in Maryam and Ayesha hostels have expressed concern over substandard meal at canteens. Hundreds of girls protested against the sale of substandard meal and also set up a hunger strike camp. The stude
Published 23 Jan, 2012 12:00am
Foreign students' security tightened

Foreign students' security tightened

Following kidnapping of two foreigners from Qasim Bela area, law enforcement agencies have tightened security for foreign students studying in Multan institutes. According to sources, foreign students, especially of Nishter Medical College and Bahauddin Z
Published 23 Jan, 2012 12:00am
Visa, consular services contribute Rs 13.362 billion

Visa, consular services contribute Rs 13.362 billion

Visa and other consular services in Pakistan's missions abroad have contributed Rs 13.362 billion to national exchequer during the last five years. In financial year 2005-06, Rs 3.57 billion were collected, in 2006-07 Rs 2.297 billion, in 2007-08 Rs 2,093
Published 23 Jan, 2012 12:00am
Inter Schools Maths Olympiad on January 29

Inter Schools Maths Olympiad on January 29

Pak-Turk International Schools and Colleges will arrange the 7th Inter Schools Maths Olympiad (ISMO) 2012, on January 29 in Islamabad.
Published 23 Jan, 2012 12:00am
Call for long-term consistent industrial, agriculture policies

Call for long-term consistent industrial, agriculture policies

Mian Anis' A. Sheikh, president of Multan Chamber of Commerce (MCCI) has stressed the need for introducing long-term consistent industrial, agricultural and auto policies in the country to restore investors' confidence and save foreign exchange and earn s
Published 23 Jan, 2012 12:00am
Sri Lanka orders 161 foreign Islamic clerics out

Sri Lanka orders 161 foreign Islamic clerics out

Sri Lanka has ordered a group of 161 foreign Islamic clerics to leave the country, for flouting visa regulations by preaching to pockets of Muslims around the country, an official said Sunday. Controller of Immigration and Emigration Chulananda Perera sai
Published 23 Jan, 2012 12:00am
Sri Lanka orders 161 foreign Islamic clerics out

Sri Lanka orders 161 foreign Islamic clerics out

Sri Lanka has ordered a group of 161 foreign Islamic clerics to leave the country, for flouting visa regulations by preaching to pockets of Muslims around the country, an official said Sunday. Controller of Immigration and Emigration Chulananda Perera sai
Published 23 Jan, 2012 12:00am
FBR not yet upgraded post of IRA officers

FBR not yet upgraded post of IRA officers

The Federal Board of Revenue (FBR) did not yet upgrade the post of the Inland Revenue Audit Officers from BS-16 to BS-17 despite critical role of senior auditors in sales tax and federal excise audit including desk-audit, investigative audit and annual au
Published 23 Jan, 2012 12:00am
FBR not yet upgraded post of IRA officers

FBR not yet upgraded post of IRA officers

The Federal Board of Revenue (FBR) did not yet upgrade the post of the Inland Revenue Audit Officers from BS-16 to BS-17 despite critical role of senior auditors in sales tax and federal excise audit including desk-audit, investigative audit and annual au
Published 23 Jan, 2012 12:00am
FBR not yet upgraded post of IRA officers

FBR not yet upgraded post of IRA officers

The Federal Board of Revenue (FBR) did not yet upgrade the post of the Inland Revenue Audit Officers from BS-16 to BS-17 despite critical role of senior auditors in sales tax and federal excise audit including desk-audit, investigative audit and annual au
Published 23 Jan, 2012 12:00am
Nine-member body to probe into PIC incident

Nine-member body to probe into PIC incident

A spokesman of Punjab government said that Chief Minister Punjab Shahbaz Sharif has constituted a 9-member committee headed by Chairman Chief Minister's Inspection Team Najam Saeed for conducting an inquiry into the PIC incident.
Published 23 Jan, 2012 12:00am
Nine-member body to probe into PIC incident

Nine-member body to probe into PIC incident

A spokesman of Punjab government said that Chief Minister Punjab Shahbaz Sharif has constituted a 9-member committee headed by Chairman Chief Minister's Inspection Team Najam Saeed for conducting an inquiry into the PIC incident.
Published 23 Jan, 2012 12:00am
Croatia votes to join EU in 2013

Croatia votes to join EU in 2013

Croatia voted on Sunday in favour of joining the European Union in 2013, shrugging off concerns over the economic turmoil in the bloc, according to preliminary official results of a referendum. With 38 percent of votes counted, 67 percent had ticked 'Yes'
Published 23 Jan, 2012 12:00am
Croatia votes to join EU in 2013

Croatia votes to join EU in 2013

Croatia voted on Sunday in favour of joining the European Union in 2013, shrugging off concerns over the economic turmoil in the bloc, according to preliminary official results of a referendum. With 38 percent of votes counted, 67 percent had ticked 'Yes'
Published 23 Jan, 2012 12:00am
PTI to provide free seeds, fertilisers to farmers: Imran

PTI to provide free seeds, fertilisers to farmers: Imran

Chairman Pakistan Tehreek-e-Insaaf (PTI) Imran Khan has said that PTI would provide free seeds, fertilisers and subsidies to the farmers so that the production could be brought at par with India, Aaj News reported.
Published 23 Jan, 2012 12:00am
PTI to provide free seeds, fertilisers to farmers: Imran

PTI to provide free seeds, fertilisers to farmers: Imran

Chairman Pakistan Tehreek-e-Insaaf (PTI) Imran Khan has said that PTI would provide free seeds, fertilisers and subsidies to the farmers so that the production could be brought at par with India, Aaj News reported.
Published 23 Jan, 2012 12:00am
Saudi Arabia withdraws monitors from Syria

Saudi Arabia withdraws monitors from Syria

Saudi Arabia said on Sunday it was withdrawing its observers from Syria after an Arab monitoring mission failed to end 10 months of bloodshed, and called on the international community to exert "all possible pressure" on Damascus.
Published 23 Jan, 2012 12:00am
Saudi Arabia withdraws monitors from Syria

Saudi Arabia withdraws monitors from Syria

Saudi Arabia said on Sunday it was withdrawing its observers from Syria after an Arab monitoring mission failed to end 10 months of bloodshed, and called on the international community to exert "all possible pressure" on Damascus.
Published 23 Jan, 2012 12:00am
Railways restoring freight service from today

Railways restoring freight service from today

The cash-starved Pakistan Railways is restoring its freight train service up and down country from Monday (Today), while the Container Services will also be restored soon, General Manager Operation, Saeed Akthar told Business Recorder here on Sunda
Published 23 Jan, 2012 12:00am
Railways restoring freight service from today

Railways restoring freight service from today

The cash-starved Pakistan Railways is restoring its freight train service up and down country from Monday (Today), while the Container Services will also be restored soon, General Manager Operation, Saeed Akthar told Business Recorder here on Sunda
Published 23 Jan, 2012 12:00am
Railways restoring freight service from today

Railways restoring freight service from today

The cash-starved Pakistan Railways is restoring its freight train service up and down country from Monday (Today), while the Container Services will also be restored soon, General Manager Operation, Saeed Akthar told Business Recorder here on Sunda
Published 23 Jan, 2012 12:00am
Mubarak still rules Egypt, defence tells court

Mubarak still rules Egypt, defence tells court

Hosni Mubarak is still the president of Egypt and the court trying him has no legal jurisdiction to do so, his defence lawyer said on Sunday, trying to undermine the prosecution's case against the leader deposed in a popular revolt last year.
Published 23 Jan, 2012 12:00am
Futures open interest up 23 percent

Futures open interest up 23 percent

The total open interest position at the futures counter increased by Rs 265 million, up 23 percent on week-on-week basis to Rs 1.4 billion. On the other hand, future spreads declined by 593bps on week-on-week basis to 0.91 percent due to sudden jump in va
Published 23 Jan, 2012 12:00am
Futures open interest up 23 percent

Futures open interest up 23 percent

The total open interest position at the futures counter increased by Rs 265 million, up 23 percent on week-on-week basis to Rs 1.4 billion. On the other hand, future spreads declined by 593bps on week-on-week basis to 0.91 percent due to sudden jump in va
Published 23 Jan, 2012 12:00am
Futures open interest up 23 percent

Futures open interest up 23 percent

The total open interest position at the futures counter increased by Rs 265 million, up 23 percent on week-on-week basis to Rs 1.4 billion. On the other hand, future spreads declined by 593bps on week-on-week basis to 0.91 percent due to sudden jump in va
Published 23 Jan, 2012 12:00am
Futures open interest up 23 percent

Futures open interest up 23 percent

The total open interest position at the futures counter increased by Rs 265 million, up 23 percent on week-on-week basis to Rs 1.4 billion. On the other hand, future spreads declined by 593bps on week-on-week basis to 0.91 percent due to sudden jump in va
Published 23 Jan, 2012 12:00am
Index gains 760.22 points

Index gains 760.22 points

Bullish trend was witnessed at the Karachi share market during the outgoing week ended January 20, 2012 on the back of investors'' expectation over the positive outcome on capital gains tax issue. The benchmark KSE-100 index registered healthy gains of 76
Published 23 Jan, 2012 12:00am
Index gains 760.22 points

Index gains 760.22 points

Bullish trend was witnessed at the Karachi share market during the outgoing week ended January 20, 2012 on the back of investors' expectation over the positive outcome on capital gains tax issue. The benchmark KSE-100 index registered healthy gains of 760
Published 23 Jan, 2012 12:00am
Index gains 760.22 points

Index gains 760.22 points

Bullish trend was witnessed at the Karachi share market during the outgoing week ended January 20, 2012 on the back of investors' expectation over the positive outcome on capital gains tax issue. The benchmark KSE-100 index registered healthy gains of 760
Published 23 Jan, 2012 12:00am
50 percent cut in taxes on diesel under consideration

50 percent cut in taxes on diesel under consideration

The government is considering reducing taxes by 50 percent on diesel with the objective of making diesel more cost effective than Compressed Natural Gas (CNG) for public transporters but no mechanism has yet been finalised, well informed sources told B
Published 23 Jan, 2012 12:00am
50 percent cut in taxes on diesel under consideration

50 percent cut in taxes on diesel under consideration

The government is considering reducing taxes by 50 percent on diesel with the objective of making diesel more cost effective than Compressed Natural Gas (CNG) for public transporters but no mechanism has yet been finalised, well informed sources told B
Published 23 Jan, 2012 12:00am
50 percent cut in taxes on diesel under consideration

50 percent cut in taxes on diesel under consideration

The government is considering reducing taxes by 50 percent on diesel with the objective of making diesel more cost effective than Compressed Natural Gas (CNG) for public transporters but no mechanism has yet been finalised, well informed sources told B
Published 23 Jan, 2012 12:00am
Gas supply to Punjab industries restored

Gas supply to Punjab industries restored

Gas supply to Punjab industries has been restored after successful talks between govt and Aptma. According to a private television channel, a delegation of All Pakistan Textile Mills Association (Aptma) led by Gohar Ijaz has been discussing the issue with
Published 23 Jan, 2012 12:00am
Gas supply to Punjab industries restored

Gas supply to Punjab industries restored

Gas supply to Punjab industries has been restored after successful talks between govt and Aptma. According to a private television channel, a delegation of All Pakistan Textile Mills Association (Aptma) led by Gohar Ijaz has been discussing the issue with
Published 23 Jan, 2012 12:00am
Gas supply to Punjab industries restored

Gas supply to Punjab industries restored

Gas supply to Punjab industries has been restored after successful talks between govt and Aptma. According to a private television channel, a delegation of All Pakistan Textile Mills Association (Aptma) led by Gohar Ijaz has been discussing the issue with
Published 23 Jan, 2012 12:00am
Euro to remain under pressure; gold could suffer

Euro to remain under pressure; gold could suffer

Euro recovered, albeit partially, its strength that it had lost following downgrade of nine-European countries by Standard and Poor''s last week. The optimism is largely based on hopes that investors in Greece may reach an understanding. A successful Euro
Published 23 Jan, 2012 12:00am
Euro to remain under pressure; gold could suffer

Euro to remain under pressure; gold could suffer

Euro recovered, albeit partially, its strength that it had lost following downgrade of nine-European countries by Standard and Poor's last week. The optimism is largely based on hopes that investors in Greece may reach an understanding. A successful Europ
Published 23 Jan, 2012 12:00am
Euro to remain under pressure; gold could suffer

Euro to remain under pressure; gold could suffer

Euro recovered, albeit partially, its strength that it had lost following downgrade of nine-European countries by Standard and Poor's last week. The optimism is largely based on hopes that investors in Greece may reach an understanding. A successful Europ
Published 23 Jan, 2012 12:00am
26 small dams in Balochistan: funds unavailability delays work

26 small dams in Balochistan: funds unavailability delays work

The work on 26 small dams in Balochistan could not start due to unavailability of Rs 4.65 billion foreign aid committed by the United States Agency for International Development (USAID), it is learnt. The project for construction of 26 small dams was prop
Published 23 Jan, 2012 12:00am
26 small dams in Balochistan: funds unavailability delays work

26 small dams in Balochistan: funds unavailability delays work

The work on 26 small dams in Balochistan could not start due to unavailability of Rs 4.65 billion foreign aid committed by the United States Agency for International Development (USAID), it is learnt. The project for construction of 26 small dams was prop
Published 23 Jan, 2012 12:00am
26 small dams in Balochistan: funds unavailability delays work

26 small dams in Balochistan: funds unavailability delays work

The work on 26 small dams in Balochistan could not start due to unavailability of Rs 4.65 billion foreign aid committed by the United States Agency for International Development (USAID), it is learnt. The project for construction of 26 small dams was prop
Published 23 Jan, 2012 12:00am
Iran''s Gulf smugglers feel blowback from tensions

Iran''s Gulf smugglers feel blowback from tensions

By dawn, the unmarked speedboats from Iran pull into port. By dusk, they are racing back across the Strait of Hormuz loaded with smuggled consumer goods ranging from Chinese-made shoes to cut flowers from Holland.
Published 23 Jan, 2012 12:00am
Iran's Gulf smugglers feel blowback from tensions

Iran's Gulf smugglers feel blowback from tensions

By dawn, the unmarked speedboats from Iran pull into port. By dusk, they are racing back across the Strait of Hormuz loaded with smuggled consumer goods ranging from Chinese-made shoes to cut flowers from Holland.
Published 23 Jan, 2012 12:00am
Iran's Gulf smugglers feel blowback from tensions

Iran's Gulf smugglers feel blowback from tensions

By dawn, the unmarked speedboats from Iran pull into port. By dusk, they are racing back across the Strait of Hormuz loaded with smuggled consumer goods ranging from Chinese-made shoes to cut flowers from Holland.
Published 23 Jan, 2012 12:00am
OPEC wants to stay out of Iran-West spat

OPEC wants to stay out of Iran-West spat

OPEC''s acting president said the producer group should stay out of political battles, Iran''s official IRNA news agency reported Sunday, an apparent bid by the bloc to steer clear of a potential showdown between Tehran and the US over threats to close th
Published 23 Jan, 2012 12:00am
OPEC wants to stay out of Iran-West spat

OPEC wants to stay out of Iran-West spat

OPEC's acting president said the producer group should stay out of political battles, Iran's official IRNA news agency reported Sunday, an apparent bid by the bloc to steer clear of a potential showdown between Tehran and the US over threats to close the
Published 23 Jan, 2012 12:00am
OPEC wants to stay out of Iran-West spat

OPEC wants to stay out of Iran-West spat

OPEC's acting president said the producer group should stay out of political battles, Iran's official IRNA news agency reported Sunday, an apparent bid by the bloc to steer clear of a potential showdown between Tehran and the US over threats to close the
Published 23 Jan, 2012 12:00am
THE RUPEE: rates stable

THE RUPEE: rates stable

The rupee managed to recover modestly against the dollar on the currency market during the week, ended on 21 January, 2012. In the interbank dealings, the rupee picked up 18 paisa versus the dollar at 90.12 and it also gained 20 paisa for selling at 90.15
Published 23 Jan, 2012 12:00am
THE RUPEE: rates stable

THE RUPEE: rates stable

The rupee managed to recover modestly against the dollar on the currency market during the week, ended on 21 January, 2012. In the interbank dealings, the rupee picked up 18 paisa versus the dollar at 90.12 and it also gained 20 paisa for selling at 90.15
Published 23 Jan, 2012 12:00am
Yemen's Saleh bows out

Yemen's Saleh bows out

Outgoing president Ali Abdullah Saleh apologised for "any shortcoming" in his 33-year rule before leaving Yemen for the United States on Sunday, paving the way for a transfer of power after a year of unrest.
Published 23 Jan, 2012 12:00am
Yemen's Saleh bows out

Yemen's Saleh bows out

Outgoing president Ali Abdullah Saleh apologised for "any shortcoming" in his 33-year rule before leaving Yemen for the United States on Sunday, paving the way for a transfer of power after a year of unrest.
Published 23 Jan, 2012 12:00am