China plans to expand investment in Africa
BEIJING: China said Thursday it would continue to invest Africa, despite criticism over its willingness to ignore human rights abuses, and environment and corruption issues in some countries. "We believe…
Oman banks see Q3 profit rise
DUBAI: Two of Oman's biggest banks posted a rise in third-quarter earnings on Wednesday, raising hopes for a positive year-end close for the country's banking sector. Bank Muscat, Oman's largest…
Kuwait telco Zain Q3 earnings up on customer boost
KUWAIT: Kuwaiti mobile telephone firm Zain, the Gulf Arab region's third-largest operator by market value, posted a 96 percent rise in third-quarter net profit, boosted by a sharp increase in…
OPEC has agreed to keep output steady, says delegate
VIENNA: OPEC ministers meeting in Vienna on Thursday were "100 percent" in agreement to keep output unchanged, a delegate told Reuters on Thursday. The ministers had yet to conclude the…
Who caused the currency wars?
WASHINGTON, DC: The world is on the brink of a nasty confrontation over exchange rates — now spilling over to affect trade policy (America’s flirtation with protectionism), attitudes towards capital…
Europe’s last chance
BRUSSELS: The only clear thing to come out of the recent European Union-China summit was the scale of the EU’s fallen reputation. From being the world’s most widely admired political…
America looks to Puntland and Somaliland to improve security in Somalia
WASHINGTON, DC: The United States has been involved in Somalia since the early 1980s, first during the Cold War and then in 1992 during the country’s massive famine by launching…
Underwriting the future of climate science
LONDON: As the United Nations’ Intergovernmental Panel on Climate Change (IPCC) meets for its plenary session in Busan, South Korea, governments will have a valuable opportunity to demonstrate their commitment…
China highlights climate change efforts
IANJIN, China – As the world's biggest greenhouse gas producer, China was widely seen as an obstacle in the Copenhagen climate summit last year. But while negotiations inched forward, Beijing…
Time to find a second Earth, WWF says
PARIS: Carbon pollution and over-use of Earth's natural resources have become so critical that, on current trends, we will need a second planet to meet our needs by 2030, the…
