Norwegian telecom giant Telenor wrote off Monday the rest of its mobile business in India worth 3.9 billion kroner (513 million euros, $680 million) after New Delhi scrapped licences in a massive fraud probe.
Norwegian telecom giant Telenor wrote off Monday the rest of its mobile business in India worth 3.9 billion kroner (513 million euros, $680 million) after New Delhi scrapped licences in a massive fraud probe.
The Arabian Hotel Investment Conference, or Ahic, which starts today, will highlight the investment climate in the Middle East after the Arab Spring as top industry experts are lined up to provide insights to the industry.
Major markets across the GCC continued marked improvement in revenue per available room, or RevPAR, during the first quarter of 2012 as demand picks up, according to STR Global.
Spain’s sickly economy faces a “huge crisis ”, as unemployment hit its highest level in almost two decades and S&P’s weighed in with a two-notch downgrade of the govt’s debt.
Kuala Lumpur overheating pressures emerge, while remaining alert to any future shocks from a still volatile global climate.
US economic growth cooled in the first quarter as businesses cut back on investment and restocked shelves at a slower pace, but stronger demand for automobiles softened the blow.
Samsung Electronics made a record $5.2 billion profit in the first quarter, overhauling Nokia as the world’s top mobile phone seller, and its Galaxy smartphones outstripped Apple’s iPhone at the high end of the market.
Nokia Oyj’s rating was lowered to junk by Standard & Poor’s, the second debt rating company to strip the Finnish mobile-phone maker of an investment grade after it posted losses at its handset business.
The inaugural Kingdom Airports, Aviation and Logistics Exhibition, or Kaale, in Saudi Arabia is set to underscore the significance of the government’s $100 billion spending in the next decade on transport-related projects, according to the event’s organiser.
Economic confidence in the euro region declined more than economists forecast in April, as the region’s slump showed signs of deepening.