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Afghan graft buster vows to crack Kabulbank scandal

Kabul: The chief investigator probing Afghanistan’s biggest financial scandal says he will stop at nothing to put the perpetrators in a multi-million dollar bank fraud behind bars.

As a result, Judge Shamsul Rahman Shams worries for his own safety.

Even for a country ranked as one of the world’s most corrupt, the theft of about $935 million (Dh3.43


Car dealers expect growth in sales in 2013

Dubai: Local car dealerships are expecting up to 30 per cent growth in auto sales next year as new models enter the market and increasing interest in used cars, they said.

Customers who enter a leasing deal on a new car, end up opting for used cars at the end of their lease term, dealerships say.

The used car business has grown so dramatically. The


Asian shares fall as focus shifts to US budget talks

Tokyo: Asian shares ended a seven-day winning streak on Wednesday and commodities eased as investors fretted that a lack of progress in talks on US budget woes risked putting the world’s largest economy into recession, dragging down global growth with it.

European shares will likely track Asian peers lower. Financial spreadbetters predicted


China certain to hit 7.5% 2012 GDP growth target

Beijing: China is certain to hit the government’s economic growth target of 7.5 per cent for 2012 and could even exceed it, Commerce Minister Chen Deming said on Wednesday.

Chen made the comment at a conference, adding that China would likely spend more than $70 billion this year on non-financial outbound direct investment.

“In the first three q


Brent hovers over $110, US fiscal worries weigh

Singapore: Brent crude steadied at over $110 per barrel on Wednesday, not far from a one-week low hit in the previous session, as investors nervously eyed talks to head off a looming fiscal disaster in the United States, the world’s top oil consumer.

Supply worries due to tension in Egypt, however, cushioned prices that were locked in a tight range


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