 | GE to invest more in
Qatar, boost revenue
GENERAL Electric (GE), which
has investments in excess of
$100 million in Qatar, is eyeing
more investments in various
sectors to boost its country revenue
further, a top company
official has said.
"Our revenues in Qatar
touched the $1 billion...
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| | S&P affirms BBB, stable rating for DBCA |
 DOHA Doha Bank Assurance
Company (DBCA) has been
affirmed counterparty credit and
insurer financial strength rating
of BBB with a stable outlook by
Standard and Poor´s (S&P).
S&P´s outlook on DBAC is
based upon successful utilisation
of its relationship with Doha
Bank and continuation of its
strong ratios.
S&P also commented on
DBAC´s strong capitalisation and
liquidity underpinned by a strong
level of risk-based capital adequacy
and appropriate reinsurance
cover.
DBAC is licensed by Qatar
Financial Centre Regulatory
Authority (QFCRA) and is the first
general insurance company promoted
by a Qatari bank to be
licensed by QFCRA... |
| | Slovak govt struggles to find
backing for $590bn EFSF vote |  SLOVAKIA´S ruling coalition
will have to reallocate cabinet
posts or face a snap election
unless it can find its own
majority in parliament for a
crucial vote on the eurozone´s
rescue fund, the main opposition
party Smer said on
Sunday.
The eurozone´s second poorest
country of 5 million people
has become a major risk to the
bloc´s July deal to give the
European Financial Stability
Facility (EFSF) more power to
tackle the crisis threatening its
weaker debtor economies.
The center-right coalition of
Iveta Radicova is struggling to
win enough support in parliament
for the EFSF vote, which
is due by October 14, because
junior partner Freedom and
Solidarity (SaS)... |
| | First gas deposits found
off Sri Lanka coast |  SRI Lankan President
Mahinda Rajapakse announced
on Sunday that natural
gas deposits had been
found for the first time during
exploratory drilling off the
island´s coast.
The company prospecting
in the area, Cairn India, confirmed
it had informed Sri
Lankan authorities of a gas
discovery during its first
attempt to drill into the sea
floor off the northwest
shoreline.
Rajapakse revealed the find
while making an address to
council workers in the central
region of Kandy, where local
elections will be held on
Saturday.
"President Mahinda Rajapakse
in Kandy announced
that Sri Lanka has found a
gas field for the first time,"
the government information... |
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