Tuesday 4 August 2015
 
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overseas

GE to ship $10bn work overeas as US Ex-Im languishes

General Electric Co is taking steps to shift some US manufacturing work overseas now that the US Export-Import Bank will be shuttered at least until September, the industrial giant's global operations boss told Reuters on Thursday.

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Facebook earns 51pc of ad revenue overseas

Overseas markets bring in more advertising revenue than the US for Facebook, amounting to 51 per cent of global ad sales in the first quarter, with growth in Asia the fastest in the world at 57 per cent, company executives told Reuters.

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Proposal for Bahrainis abroad to vote in council polls

Councillors have urged authorities to draw up legislation that would allow Bahrainis living abroad to vote in municipal council elections. Members of the Northern Municipal Council yesterday voted in favour of the proposal, which

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ME buyers pump $14bn in overseas properties

Middle Eastern buyers have invested a total of $14.1 billion outside their home region in 2014, making the Middle East the third largest source of cross-regional capital globally, said a report. Europe remains the preferred market

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DIB sukuk may open window for Gulf bond issues

Gulf issuers of overseas bonds, kept on the sidelines by volatile markets, may revive their issue plans after Dubai Islamic Bank, the largest Islamic bank in the United Arab Emirates, completed a $1 billion sukuk issue. The capita

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Indian building firm plans new plant in UAE

Everest Industries, a leading Indian manufacturer of building solution products, plans to set up a fibre cement board plant in the UAE as part of its global expansion strategy, said a report. Fibre cement is a composite building and con

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New Bahrain health plan on overseas treatment

Bahraini patients could soon be spared the pain of travelling abroad for medical treatment. Under a new health plan, they would be provided all the therapeutic care they need at home, said a report in the Gulf Daily News (GDN)

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Gulf banks start to muscle in on global bond deals

When the Kenyan government issued a debut $2 billion Eurobond last month, most of the lead arrangers were top Western and African banks. But there was a standout: Qatar's QNB Capital. After decades during which banks from the

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Foreign firms 'keen to invest in Bahrain'

Several overseas companies are keen to invest in the local market, Bahrain Chamber of Commerce and Industry first deputy chairman Othman Al Rayes said yesterday.   "A large number of investors' applicati

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NSA intercepts Google, Yahoo traffic overseas

The National Security Agency has tapped directly into communications links used by Google and Yahoo to move huge amounts of email and other user information among overseas data centres, the Washington Post reported on Wednesday. T

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