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Bahraini firms eyeing major push in Africa

MANAMA: Africa's attractiveness as an investment destination continues to grow in recognition, a leading investment expert has said.

According to Ashburton Investments African Equities specialist Paul Clark, the continent can boast some of the world's strongest gross domestic product growth rat...ReadMore


Bahrain-Oman may mull debt issuance

MANAMA: Bahrain and Oman are likely to finance any increase in fiscal deficits next year through sovereign debt issuance, according to Moody's Investors Service.

Opec 'can't cut output alone'

DUBAI: Saudi Arabia's oil minister yesterday said that Opec could not cut output without the support of other big producers and attempts to get them on board had not worked.

Etihad plans superjumbo maiden flight

ABU DHABI: The maiden flight of Etihad Airways' long-awaited Airbus A380 superjumbo will take place next week, the Abu Dhabi carrier said yesterday, also announcing its first Boeing 787 Dreamliner route.

Gas import set

DUBAI: Bahrain could start importing gas from Russia in 2017, Russia's ambassador to the kingdom said.

Germany boost as business morale improves

BERLIN: German business morale rose in December for the second month running, a survey showed yesterday, adding to signs that Europe's largest economy is on course to pick up in the fourth quarter after narrowly avoiding a recession in the third.

Daimler sets aside $740m for EU probe

FRANKFURT: Germany's Daimler said yesterday it was setting aside an additional 600 million euros ($740m) to cover potential costs related to an antitrust investigation into truckmakers by the European Commission.

Key training for Batelco's staff

MANAMA: Batelco yesterday announced it has boosted its business continuity readiness through two key training programmes.

New service launched by Zain Bahrain

MANAMA: Zain Bahrain has launched a complimentary "Anti-Abusive Words" SMS service that blocks abusive messages from being sent to a child's mobile phone.

Key jobless data boosts US hopes

WASHINGTON: The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labour market continued to strengthen.


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