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Gold on track for weekly drop

Singapore: Gold edged up on Friday, but prices were on track for their biggest weekly drop since the start of the month with an uncertainty about crucial US talks to avert a fiscal crisis continuing to hit sentiment.

While gold has recovered from a 1-1/2-week low of $1,705.64 an ounce hit on Wednesday, it has been unable to break a

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Yen falls against dollar, euro

London: The yen hit a seven-month low against the euro and fell against the dollar on Friday on reported month-end selling by Japanese firms and speculation monetary policy could be aggressively eased.

The euro also rose against the dollar, helped by a deal agreed earlier in the week to release aid funds to Greece.

Bets that the Bank of Japan will

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Indian GDP grows 5.3% year-on-year

New Delhi: India’s economy extended its long slump in the last quarter, with lower-than-expected growth keeping it on track for its worst year in a decade and underscoring the urgency of politically difficult reforms to spur a revival.

The economy grew 5.3 per cent from a year earlier in the July-September period, provisional gross

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UAE telecoms find it difficult to make calls to Syria

Telecom operators in the UAE are finding it difficult to link international fixed and mobile calls traffic to Syria from Thursday.

“We would like to inform our customers that we have witnessed interruption in services to Syria starting 11:00 am on November 29,” du said in an e-mailed statement.

Du said customers may face

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Gulf Air chief Majali resigns

Manama: Gulf Air’s board of directors said that it has accepted the resignation of Samer Majali, the company’s chief executive officer.
Majali who handed in his resignation following the appointment of the board in mid-November, will remain in his position until the end of 2012.
Majali, a Jordanian national who also served

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Abatera Tours is an expert destination management company that covers all aspects of inbound tourism business including FIT Travel, Leisure groups and Meetings, Incentives, Conferences & Events (MICE)...

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Office No: 302 Wasel Business Centre
Near port Saeeed Etisalat Office Deira, Dubai.

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