Boeing Co, the world’s second largest commercial aircraft maker, Wednesday said it has not received any proposal from India’s cash-strapped national carrier Air India for deferring or cancelling its orders. “We have not received any such proposals from Air India so far. But Jet Airways has rescheduled the delivery of two Boeing-333 aircraft,” Boeing India [...]

The Emirates Development Bank (EDB), a merged lender approved by the Cabinet last month, will begin operations next year with a focus on providing funding to the industrial sector and small businesses owned by Emiratis.
The bank will also help finance the construction of 40,000 houses in the capital under the Sheikh Zayed Housing programme, said [...]

The long-term rewards that Bahrain is now beginning to reap following the Kingdom’s move to diversify its economy are analysed in the most comprehensive English-language report on the country’s investment and business opportunities ever published.
The Report: Bahrain 2009, which has been produced by Oxford Business Group (OBG), the highly acclaimed global publishing, research and [...]

Businesses of all sizes, especially small and medium sized businesses (SMBs) can now save upto 50 percent of their IT-related costs with the launch of Microsoft Online Services. Microsoft India has also announced a free trial period of two-months for the range of services, which include e-mail, collaboration, conferencing and productivity capabilities. Starting immediately, date [...]

For a long time, only those who spent hours in front of the television set, gorging junk snack food, qualified as couch potatoes. It was an unhealthy lifestyle, a sure recipe for disaster. Equally bad, it is now realised, is the lifestyle of those addicted to their mobile phones. It has made them forget [...]

Finance Minister Pranab Mukherjee played hot and cold with investors seeking to invest in the new pension system (NPS). He provided some incentives by exempting the system from the provisions of Securities Transaction Tax (STT) and income of the NPS Trust from income tax. But at the same time, he has decided to retain the [...]

The Department of Economic Development announced it will move its offices, and the offices of its four agencies, to the Entrepreneur Business Village, the emirate’s first integrated hub dedicated to entrepreneurs and business innovation.The upcoming move, seen as indicator of continuing confidence and economic growth in the emirate, is part of DED’s commitment to [...]

Gillette has launched a new global advertising campaign that underscores Procter & Gamble Co. efforts to expand the shaving brand to reach males with other grooming products. Gillette celebrity promoters golfer Tiger Woods, tennis’ Roger Federer and baseball’s Derek Jeter are in a 30-second TV spot about how men overcome moments of doubt. That and [...]

A key index of the Indian equities markets soared towards closing bell Friday, rising more than 419 points from its last closing figure. It also ended the week on a 3 percent rise from its previous weekly close in spite of profit booking that ensued for most of the week.
The benchmark index of the [...]

‘Al Sidra’ is free-shaped structure made in bronze Addition further evolves Downtown Burj Dubai’s art destination status Emaar Properties has unveiled a new sculpture in Downtown Burj Dubai, adding to the community’s appeal as an art destination. The new addition is Al Sidra, a free-shaped bronze sculpture by Kuwaiti sculptor Mr Sami Mohamed Al [...]