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1,000 Lufthansa flights cancelled in pilot strike

1,000 Lufthansa flights cancelled in pilot strike

Berlin: Lufthansa, Germany’s largest airline, says it has cancelled 1,000 flights after pilots went on strike in an ongoing labour dispute.The pilots union, Vereinigung Cockpit, began its strike on long-haul…

Oil and gas production increases

Oil and gas production increases

Manama: Tatweer Petroleum has achieved an increase in oil and gas production and the commissioning of several major projects in the year to date, Energy Minister Dr Abdulhussain Mirza has…

Bapco launches key lubricants in Bahrain

Bapco launches key lubricants in Bahrain

Manama: Bapco has launched its brand of advanced automotive lubricants for the sector’s consumer market in Bahrain.Meant for both petrol and diesel engines, the Bapco Lubricants portfolio includes 12 products.The…

US private payrolls increase

US private payrolls increase

Washington: US private employers maintained a solid pace of hiring in August despite recent global financial market turmoil, suggesting that labour market momentum likely remains strong enough for the Federal…

Seera registers $2.3m net profit in first half

Seera registers $2.3m net profit in first half

Manama: Seera Investment Bank, a Sharia-compliant investment bank headquartered in Bahrain, reported consolidated net income of $2.3 million for the six months ended June 30, compared with a loss of $29.5m…

FH pays $53m to investors

FH pays $53m to investors

Manama: GFH Financial Group (GFH) yesterday announced that it has distributed $53 million to its funds’ investors who currently have underlying investments in Bahrain, the UAE, US and India. Based on its…

EDB to showcase Bahrain in China

EDB to showcase Bahrain in China

Manama: A high-level business delegation from Bahrain will travel to China in September to meet Chinese political and private sector leaders, the Economic Development Board (EDB) announced yesterday.The EDB, which…

Asian shares gain as dealers eye dollar, yuan

Asian shares gain as dealers eye dollar, yuan

Asian markets mostly gained in tepid early trade on Friday, as dealers weighed the impact of China’s yuan devaluation and the timing of a US interest rate rise.The dollar traded…

US industrial output data boosts Fed’s rate move

US industrial output data boosts Fed’s rate move

Washington: US industrial output advanced at its strongest pace in eight months in July as car production surged, another bullish sign for third-quarter economic growth that boosts the prospects of…

ailout gives creditors more control in Greece

ailout gives creditors more control in Greece

Brussels: Greece’s international creditors will have an unprecedented say over the country’s government to make sure Athens sticks to the terms of its huge third bailout. But will it be enough…

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