FRANKFURT/NEW YORK, 16 February 2011 (Reuters): Deutsche Boerse and NYSE Euronext announced the creation of the world's largest exchange operator on Tuesday, dodging political issues that could threaten completion of a deal.A key compromise is an agreement to headquarter the combined group in both N

Private sector salaries are forecast to increase at an average rate of 6.3 per cent in the UAE compared to 6.6 per cent for the whole of GCC this year.The research, based on a survey of 32,000 professionals and 1,400 companies across the six Gulf states, was released by GulfTalent.com.According to t

Riyadh allocates more than $695b to be spent on 687 projects before the end of 2015 Riyadh, Feb 4,2011 (Gulf News): A Saudi construction products company has called for efforts to boost the construction sector in the kingdom.The call was made at a time when reports are saying that building and const

DUBAI, 22 January 2011 (Khaleejtimes): The vast majority of respondents (87.7 per cent) across the Middle East said that they are loyal to their current employers, according to the latest online poll series conducted by Bayt.com.The results of the 'Employee Motivation at the ME workplace' showed tha

Mumbai, January 20, 2011 (PTI):The rupee depreciated by 17 paise to Rs 45.62 a dollar in early trade on Thursday following weak domestic equity markets. Dealers said dollar's gains against other currencies and a weak opening at bourses weighed on the rupee sentiment. The rupee had ended 3 paise do

New Delhi, Jan 7 (PTI) Over 6500 foreigners availed the Visa on Arrival scheme last year when it was introduced by the Government in a bid to promote tourism and facilitate bonafide foreign tourists who plan their visits at a short notice. The VoA scheme was introduced on January 1, 2010 for citize

Mumbai, January 7, 2011 (PTI): The Indian rupee fell by 11 paise to Rs. 45.35 a dollar in the early trade at the Interbank Foreign Exchange on Friday, tracking gains in the American currency overseas and weak opening at the stock markets.Forex traders said U.S. dollar's gains against the euro and ot

India needs to speed up its return to pre-crisis monetary and fiscal policies to help bring down elevated inflation, the International Monetary Fund said on Wednesday.India's economic growth is expected to remain above trend in the coming year, and inflation measures are in the 8.5 percent to 10.5 p

Dubai, Jan 4: An analytical study issued by the Ministry of Foreign Trade (MOFT) has confirmed that the UAE is among the world's top five gold traders from 2005-2009, in both imports and exports of the commodity.The MOFT study revealed that the UAE ranked third in exports and the second in imports i

JEDDAH: Saudi Arabia is expected to witness the implementation of a large number of giant economic, educational and industrial projects in 2011 following the announcement of a SR580-billion budget for the year, the largest in the Kingdom's history."It's a budget of giant projects," stated Abdul Rahm

A group of six telecommunications companies from across the region has agreed to invest US$500 million (Dh1.83 billion) in a vast fibre-optic network.The move is designed to put an end to internet outages and to make the region's digital network more reliable.The network, which the companies intend

NEW YORK - ING and Deutsche Bank joined several peers in raising their crude price forecasts on Friday, with a growing number of major banks saying prices have room to rise as supplies tighten.Analysts are calling for oil prices to gain more than previously expected over the next few years, includin

ROHTAK: Communications minister Kapil Sibal launched the eagerly-awaited mobile number portability scheme in Haryana on Thursday to allow cellphone users to change their operators while retaining existing numbers. "On Jan 20 next year, mobile number portability will be available nationwide," Sibal

As recently as the 1990s, much of the world thought of India as an exotic place full of saffron-robed priests, snake charmers, roadside beggars, the fabled maharajahs, and of course the exquisitely beautiful Taj Mahal.What a difference a decade makes. While India's exotic features remain very much a

DEHRADUN: Tata Group Chairman Ratan Tata on Monday said he did not enter the airline business as he was not comfortable with the idea of bribing Rs 15 crore to a minister, as had been suggested by an industrialist. Answering a question on rampant corruption in different Government departments, dur

MUMBAI - Rupee depreciated by 19 paise to trade at an almost six-week low of Rs 44.99 against the US dollar in the early trade on Monday at the Interbank Foreign Exchange, as the greenback firmed up against major currencies.Dollar demand from importers and weak sentiment in the stock markets also we

ABU DHABI - Abu Dhabi has unveiled its largest infrastructure project, the world's biggest industrial zone project being built in Taweelah, where certain industrial units that add value to the emirate's drive for economic diversification would be granted 100 per cent foreign ownership rights. The

NEW DELHI: An inflow of over Rs 7,300 crore into 26 companies, most of them registered at two Delhi addresses, from companies registered in Mauritius and Cyprus has caught the attention of tax sleuths. Sensing that this could be a case of ''round-tripping'' - money that was clandestinely salted awa