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Al Rajhi unit launches fund
25-4-2010There are three funds in the Capital Protected Funds family providing varying levels of capital protection from 90 to 95 per cent and exposure to local, regional and international markets so as to offer investors greater choice in their overall asset allocation. The Funds include the Al Rajhi
Casio unveils latest watches at Baselworld
25-4-2010The distinctive G-Shock Gravity Defier watch was the biggest highlight for Casio at the exhibition. Based on the aviator concept, the new GW-3000 features resistance to centrifugal gravitational force along with its unique shock and vibration resistance. The watch face of the new models features
Net profits of listed firms rise 10.18pc in Q1
25-4-2010According to the recent financial disclosures pf the listed comapnies and as per the figures posted on the website of the Qatari bourse (Qatar Exchange), the net profit has totalled QR7.3bn compared to QR6.62bn last year. The four key sectors (banking, services, insurance and industry) have
Pakistan’s long weekend to save energy
25-4-2010Conservation measures are cheap and the quickest way to save energy, said the announcement. Around 70MW will be saved through reduction of lights up to 50 percent in Presidency, Prime Minister’s Secretariat and the houses of ministers, governors, chief ministers and all government offices and
Austria, Russia sign South Stream deals
25-4-2010Faymann insisted the South Stream project presented no conflict of interest for Austria, although the country is already involved in a rival gas pipeline, the EU’s Nabucco project. We don’t see any conflict of interest... on the contrary, it means a diversification, it means that we have more
Indonesia aims to tame volcano power
25-4-2010But so far only a tiny fraction of that potential has been unlocked, so the government is seeking help from private investors, the World Bank and partners like Japan and the United States to exploit the power hidden deep underground. The government’s aim to add 4,000 megawatts of geothermal
China drivers shun hybrids, electric cars on lack of subsidy
25-4-2010Chevrolet Cruze. “I’d rather spend less money on a reliable gasoline car. Automakers including GM and Nissan Motor Co. plan to display a record 95 alternative energy-powered models at this year’s Beijing Auto Show, which opens to the press Saturday. While China’s government has touted
Healthcare reform may not be toxic to drugmakers
25-4-2010Pharmaceutical and biotech companies such as Lilly, Abbott Laboratories and Amgen Inc spelled it out when they reported results, sending shares lower across the sector. Nobody was talking about this” as a major factor before earnings season, said Hapoalim Securities analyst Jon LeCroy. “I’m
Greek emergency loan or not, investors wary of euros
25-4-2010Many favor diverting money into other developed and emerging economies, while some are even betting that the cost of bailing out Greece and other profligate countries on the euro zone’s periphery could provoke Germany to quit the eurozone altogether, effectively ending monetary union. There’s
Regulators seize bank linked to US Senate candidate
25-4-2010Regulators have closed 57 banks this year. Amcore Bank was the largest to close on Friday, with $3.8bn in assets and $3.4bn in total deposits as of December 31, 2009, the FDIC said. It will be purchased by Harris National Association, a part of Canada’s BMO Financial Group. Broadway Bank, a
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