 | QIIB profit rises 10% to
QR175 million in Q1 QATAR International Islamic
Bank (QIIB) on Sunday
announced that its net profit
increased 10.4 percent to
QR175.5 million in the first
quarter of 2012. Net profit of the
bank stood at QR158.9 million
in the same period last year.
Commenting...
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| | Bombardier sets up rail
car unit in Sao Paulo |  BOMBARDIER´S train unit
aims to supply the world´s
highest capacity monorails
for fast-growing cities in
Brazil and India from a factory
near Sao Paulo, bucking a
trend of flagging industrial
investment in Latin America´s
biggest economy.
Bombardier´s monorail factory
in Hortolandia was built
originally for a contract with
the city´s public transit
authority worth $816 million
to the Montreal-based train
maker. But Andre Navarri,
the head of Bombardier
Transportation, said at an
inaugural event on Friday
that the factory would also be
the first in the country to
export rail cars.
"We are looking at big
countries with mega-cities
whose only other... | | | Egypt intervenes to end Sudan confrontation over oil |  EGYPT is mounting a diplomatic
offensive to defuse tensions
between Sudan and
South Sudan that have raised
fears the two former civil war
foes could return to a fullblown
conflict.
Egypt´s Foreign Minister
Mohamed Kamel Amr arrived
at Khartoum airport on Sunday
for talks after the two countries
clashed during the past week
for control of an oil field.
"Egypt will make every possible
effort to try to bridge the
gap in viewpoints between
Sudan and South Sudan and
contain the existing border
tensions between them after
the occupation of Heglig,"
Egypt´s state news agency
MENA reported.
Tensions have run high
between Khartoum and Juba
since South Sudan ... | | | Growing US economy will pull
down jobless rate: Geithner |
 US TREASURY Secretary
Tim Geithner said on Sunday
said that US unemployment
numbers, which stalled earlier
this month, could resume
their decline ahead of
November´s election in which
the economy will top voters´
concerns.
"If the economy keeps
growing at a moderate pace,
then, yes, more people will be
back to work and you should
see a gradual reduction in the
unemployment rate,"
Geithner told ABC television.
Speaking on the programme
"This Week,"
Geithner said it is "obviously
still a very tough economy out
there," following the economic
meltdown that occurred
around the time his boss, US
President Barack Obama, was
entering the White Hous ... | |
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