Last update: Sun, 14 Feb 2016 09pm

Business & Finance

BP extends scope of Khazzan gas field development in Oman

2016-02-14 14:52:38

LONDON: Britain's BP and partner Oman Oil signed an agreement on Sunday to develop a second phase of the Khazzan natural gas field, taking the estimated investment in the project to $16 billion, the company said.The agreement with the government


UAE lender ADIB Q4 profit up 16.6pc, raises dividend

2016-02-14 13:48:08

ABU DHABI: Abu Dhabi Islamic Bank (ADIB) on Sunday posted a 16.6 percent rise in fourth-quarter net profit, and marginally increased its dividend for 2015.The earnings were part of mixed fourth-quarter results for United Arab Emirates banks, with Emi


JGBs slip on profit taking, yields pull away from record lows

2016-02-12 05:48:34

TOKYO: Japanese government bond prices slipped on Friday as profit taking emerged after a volatile week that saw debt yields sink to record lows. The benchmark 10-year JGB yield was up 6 basis points at 0.065 percent. The 10-year yield had dropped to



Obama enjoins Supreme Court fight in election year

2016-02-14 13:11:36

RANCHO MIRAGE: President Barack Obama said he would name a new Supreme Court justice to replace Antonin Scalia, slapping down Republican demands for a delay and setting up a monumental election-year fight."I plan to fulfil my constitutional responsib


Venezuela opposition calls talks on ousting president

2016-02-13 21:10:53

CARACAS: Venezuela's opposition said it will launch discussions Sunday aiming to devise a legal procedure within weeks to oust President Nicolas Maduro, whom it blames for the oil-rich country's economic crisis."Tomorrow there will be a speci


France's Sarkozy urges party unity, lags behind popular rival

2016-02-14 14:52:14

PARIS: Former French president Nicholas Sarkozy, struggling to put his re-election bid back on track, urged his conservative party on Sunday to rally behind a programme of curbing immigration, building more jails and cutting taxes.Sarkozy wants his p



Pakistan, Korea inch toward free trade agreement

2016-02-14 15:05:06

ISLAMABAD: Pakistan and South Korea are striving to launch a free trade agreement (FTA) following an ongoing feasibility study hoping to capitalize on each other's geo-strategic leverage, Pakistan's envoy to Korea said. In an interview with T


PIA announces reduction in fares

2016-02-10 14:58:19

ISLAMABAD: Pakistan International Airlines (PIA) has reduced its fares on domestic and major international flights, including Umra fares, with immediate effect.Decision to this effect has been taken to stabilize unrealistic hike in fares and to facil


Pak forex figure US $ 20.196bn

2016-02-11 14:39:58

KARACHI: Total liquid foreign exchange reserves of the country stand at US $ 20.196 billion, said State Bank of Pakistan (SBP). An SBP's weekly statement here on Thursday stated the foreign reserves held by State Bank on Feb 5 were US $ 15,341 mi



India choose to bowl against Sri Lanka in 3rd T20

2016-02-14 14:17:16

VISAKHAPATNAM: India won the toss and sent Sri Lanka in to bat in the third and final Twenty20 international at Visakhapatnam on Sunday.With the series tied at 1-1, India field an unchanged XI from their previous win on Friday.The Dinesh Chandimal-le


Welbeck returns to score late Arsenal winner

2016-02-14 14:33:49

LONDON: Danny Welbeck, making his first appearance of the season as a late substitute, headed a stoppage-time winner to give Arsenal a 2-1 home win over league leaders Leicester City in the Premier League on Sunday.Welbeck, who had not played since l


Ogier wins Rally of Sweden

2016-02-14 14:20:44

KARLSTAD: Triple world champion Sebastien Ogier won the Rally of Sweden on Sunday for a third time to consolidate his place atop the drivers' championship.The French Volkswagen driver won six of the 12 programmed special stages to finish 29.8sec



Nergis Mavalvala, the Pakistani who detected Einstein gravitational waves

2016-02-13 09:15:34

Pakistan born, astrophysicist Dr Nergis Mavalvala was among the team of scientists who verified Albert Einstein’s 1915 general theory of relativity.The Karachi born Dr Mavalvala, Associate Department Head of Physics at MIT, along with her team anno


Why Kareena and Parineeti refused Hrithik

2016-02-12 11:11:24

Bollywood A-list heroines like Kareena Kapoor Khan and Parineeti Chopra rejected the offer to star opposite the “Bang Bang” actor Hrithik Roshan.Yami Gautam has now been signed to play the lead opposite Hrithik Roshan in ‘Kaabil’. According T


'Harry Potter and the Cursed Child' to hit shelves this summer

2016-02-11 09:58:13

Great news for all the Potter fans out there! A new Harry Potter book is in the line and will be available to fans at midnight on July 31, coinciding with Harry Potter's birthday.The book titled Harry Potter and the Cursed Child Parts I & II



Saudi, Egyptian indexes edge down in early trade

2016-02-14 13:51:17

DUBAI: Stock indexes in Saudi Arabia and Egypt edged down in early trade on Sunday, showing investor sentiment remains very fragile despite Friday's sharp rebound in oil and global equity markets.Saudi's Arabia rose in early trade but was 0.2


Kenyan shilling steady, seen firming

2016-02-12 09:59:37

NAIROBI: Kenya's shilling was steady on Friday and traders said they saw it gaining ground, helped by muted dollar demand and foreign currency inflows from sectors like agriculture and tourism.At 0929 GMT, commercial banks quoted the shilling at


German bond yields sink as Fed seen cautious on rates

2016-02-11 13:52:42

LONDON: Europe's benchmark German bond yields tumbled to the lowest in over nine months on Thursday after US Federal Reserve Chair Janet Yellen flagged market turmoil and a slowdown in China which could limit further rate rises in the world's