Investments

Brazil's President Luiz Inacio Lula da Silva, right, raises his Chief of Staff Dilma Rousseff's arm during the IV th Congress of the Workers Party in Brasilia. (AP)

Brazil's Lula unveils $878 billion investment plan

BRASILIA: President Luiz Inacio Lula da Silva launched a $878 billion program to upgrade Brazil's infrastructure on Monday that will be a major campaign banner for his chosen candidate in October elections.

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Air India aircraft are seen in the background of slums adjoining the international airport in Mumbai. (AP)

Air India gets $173m cash injection from government

MUMBAI: India approved a cash infusion for ailing national carrier Air India Thursday, part of an expected $432 million bailout of a company many once considered a proud symbol of the nation.

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Libya to admit more foreign banks

TRIPOLI: The Libyan Central Bank will allow more foreign banks to operate in Libya amid efforts to revitalize the economy and bring foreign capital into the country.

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Etisalat eyes six acquisitions, licenses

DUBAI: Emirates Telecommunications Corp., or Etisalat, is eyeing licenses for airwaves or acquisition deals in six markets across the Middle East and North Africa, its chairman said, in a drive to boost customers.

Dubai's Drake to spend $136m on 2010 buys

DUBAI: Dubai's Drake & Scull International has $136 million to spend on acquisitions in 2010, which includes three firms, as it continues to expand and weather a downturn at home, an executive said on Thursday.

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In this photo taken Monday, Feb .8, 2010, a plane parks at the Najaf International Airport in the southern Iraqi city. (AP Photo)

Najaf airport tussle shows risks in Iraq investing

NAJAF, Iraq: Najaf's airport was meant to be a symbol of Iraq getting back to business, and in many ways it's been a success, creating jobs and spurring a construction craze her. But an increasingly bitter dispute between local authorities and the Kuwaiti contractor brought in to run the facility is casting a cloud over one of Iraq's proudest postwar accomplishments and prompting accusations of political meddling.

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Haiti sees opportunity in migration to farms

ROME: The Haitian government is looking to take advantage of the massive flow of earthquake survivors streaming from Port-au-Prince to the countryside to launch a $700 million program to invest in Haiti's farming industry and help the country feed itself.

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Brazil's Lula unveils $878 billion investment plan

Air India gets $173m cash injection from government

Libya to admit more foreign banks

Etisalat eyes six acquisitions, licenses

Dubai's Drake to spend $136m on 2010 buys

Najaf airport tussle shows risks in Iraq investing

Haiti sees opportunity in migration to farms

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