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BCCI panel seeking 30pc Dragon City retail space

MANAMA: A key committee of the Bahrain Chamber of Commerce and Industry (BCCI) has proposed that 30 per cent of the retail space in the Dragon City be allocated to Bahraini and Gulf business owners, with the remaining 70pc set aside for Chinese business owners.

At a meeting, the BCCI's trade a...ReadMore


BA launches key option for Bahrain

MANAMA: British Airways (BA) has announced that Bahrain residents will now be able to hold bookings on flights to London, Europe or North America, through ba.com.

Burger King eyes chain for $11.5bn

TORONTO: Burger King Worldwide announced plans to buy Canadian coffee and doughnut chain Tim Hortons for 12.64 billion Canadian dollars ($11.53bn) in a cash-and-stock deal that would create the world's third-largest fast-food restaurant group.

Reliability milestone for Bapco

MANAMA: Bapco yesterday reported a key performance achievement in reliability standards.

Aircraft demand lifts US durable goods orders

WASHINGTON: Orders for long-lasting US manufactured goods posted their biggest gain on record in July on strong international demand for aircraft, but the underlying trend remained consistent with a steady pace of economic growth.

Bank seeking to sell part of UAE business

DUBAI: Standard Chartered is aiming to sell part of its business in the UAE after it agreed to close some accounts there in an anti-money laundering settlement with US authorities, two sources familiar with the plan said.

Forum probed

MANAMA: Industry and Commerce Minister Dr Hassan Fakhro received yesterday Bahrain-based head of Unido Investment Office Dr Hashim Hussain and discussed preparations to hold an international entrepreneurship investment forum in the last quarter of this year.

Best Buy's revenue declines

NEW YORK: Best Buy, the largest US speciality retailer of consumer electronics, reported lower-than-expected revenue for the third straight quarter, as fewer people bought PCs and electronics, and those who did increasingly bought them online.

Key general counsel role for Daou

MANAMA: Takaud, a Bahrain-based regional savings and pensions provider, has appointed Hadi Daou as general counsel.

Data add-on offer by VIVA

MANAMA: VIVA has introduced a new set of 4G LTE data add-ons for both postpaid and pre-paid customers.

Bank seeking to sell part of UAE business

DUBAI: Standard Chartered is aiming to sell part of its business in the UAE after it agreed to close some accounts there in an anti-money laundering settlement with US authorities, two sources familiar with the plan said.

India regulator fines carmakers $420 million

NEW DELHI: India's pricing regulator has fined more than a dozen global and local carmakers a total of 25.5 billion rupees ($420 million) after a probe found they had engaged in anti-competitive practices in the world's sixth largest car market.

Al Hajraf is appointed chairman

DUBAI: Kuwait's cabinet appointed former finance minister Nayef Al Hajraf as chairman of its Capital Markets Authority (CMA), which regulates the stock market, state news agency Kuna said yesterday.

Accor eyeing higher profit

PARIS: Accor, Europe's largest hotel group, forecast operating profit would rise this year as cost-cutting and restructuring efforts start to pay off and demand for hotel rooms improves in all regions outside its home market of France.


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