Sunday 13 July 2014
 
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Alwaleed loses UK court battle over Gaddafi jet

Saudi billionaire Prince Alwaleed bin Talal lost a London court battle on Wednesday when a judge ordered that he should pay a $10-million commission linked to the sale of a luxurious private jet to former Libyan leader Muammar Gaddafi.

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Europe to cut the cost of paying by card

The European Commission proposed on Wednesday to cap fees banks charge when processing card payments, potentially cutting costs for shoppers. The draft legislation will also prevent companies such as airlines, for example, from im

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Europe to cut the cost of paying by card

The European Commission proposed on Wednesday to cap fees banks charge when processing card payments, potentially cutting costs for shoppers. The draft legislation will also prevent companies such as airlines, for example, from im

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Each dollar counts, Alwaleed tells court

Saudi billionaire Prince Alwaleed bin Talal told a London court on Monday that "each dollar counts" as he was cross-examined over his sale of an opulent private jet to Libya's former leader Muammar

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Bahrain mulls scrapping cap on pension

A BD4,000 ($10,600) cap on monthly pensions in Bahrain could soon be abolished under a Shura Council proposal. The council-drafted proposal was unanimously approved yesterday and backed by the government, which acknowledged the current bil

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Rights groups to present unrest evidence

Human rights groups in Bahrain are gearing up to present evidence to an independent commission set up to probe unrest since February. Members of the Bahrain Human Rights Watch Society (BHRWS) and the Bahrain Human Rights Society (BHRS) hav

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Al Wefaq 'uncertain' of role in Bahrain talks

An opposition group said it was still 'undecided' if it will take part in the National Dialogue session today. The four Al Wefaq National Islamic Society members taking part in the Dialogue have submitted their reservation on atten

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Masdar Power commissions Spanish JV plant

Masdar Power, one of the five integrated units of Abu Dhabi renewable energy initiative, said it has started the commissioning of its joint venture Gemasolar concentrated solar power (CSP) plant in Spain. Announcing this on Tuesday, Masdar

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Saudi sets up panel to battle corruption

The Saudi Arabian government has set up a new commission to root out 'all forms of financial and administrative corruption' and also track down stolen money, said a report. The Organisation of Anti-Corruption National Commission wi

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Al Bayader commissions Jebel Ali unit

Al Bayader International said it has completed latest phase of the company's $22 million expansion programme with the commissioning of a manufacturing unit in Jebel Ali Free Zone (JAFZ) logistics facility. Headquartered in Sharjah

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