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Business News
BA-IBERIA 'EYEING GULF AIR TAKEOVER'
MANAMA: Gulf Air is one of 12 carriers targeted for takeover by British Airways (BA) and Iberia on their way to creating the world's largest airline group, it is being claimed. The 12 carriers, said also to include Qantas, Cathay Pacific and Air Berlin, have reportedly been shortlisted after BA and Iberia initially considered 40 airlines. Continued
Blackburn Rovers studying potential buyers
MANAMA: Blackburn Rovers are currently doing their own due diligence on the potential buyers, according to a report. Continued
Key Islamic funds poised for growth
MANAMA: With around 1.6 billion Muslims worldwide and $950bn in assets under the management of the Islamic finance industry, the room for growth in Islamic exchange traded funds (ETFs) is evident. Continued
Key qualification for firm's staff
MANAMA: Two Bahrain National Insurance (bni) employees have been awarded AGII designation. Continued
Resort wins organisation membership
MANAMA: Al Areen Palace & Spa, formerly the Banyan Tree Bahrain, is the latest luxury property to be a member of the prestigious Leading Small Hotels of the World. Continued
$50bn US infrastructure overhaul to create jobs
MILWAUKEE: President Barack Obama, scrambling to jump-start job creation in a sluggish US economy, yesterday announced a six-year plan to revamp ageing roads, railways and airport runways with an initial $50 billion investment. Continued
Burgan plans roadshow
KUWAIT: Kuwait's Burgan Bank, the commercial banking arm of Kuwait Projects Company (Kipco), is planning a roadshow for a dollar-denominated bond issue soon, it was reported yesterday. Continued
HP opens service centre
MANAMA: HP yesterday opened its Middle East Warehouse and service centre in Jebel Ali Free Zone, aiming to extend the company's reach and proximity to its customers in the region. Continued
Banks mull $5bn loan for pipeline
BRUSSELS: Plans for the giant Nabucco gas pipeline to bring Central Asian gas to Europe took a step forward yesterday, when the consortium announced the involvement of three international financial institutions. Continued
Algeria sets new rules for foreign investors
ALGIERS: Algeria is to require any foreign company seeking a share of its $286 billion infrastructure budget to form a joint venture with an Algerian firm to qualify for state contracts. Continued
Real estate issues in spotlight at Cityscape event
MANAMA: Cityscape is to host the first Cityscape Connect business breakfast in Bahrain. Continued
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