Majid Al Futtaim Holding, the Gulf region's exclusive franchisee for Carrefour, is pulling out of Egypt and Syria.
Sectors
Facebook should form a corporate venture group - report
Noticing the number of Facebook employees leaving the social media company, a Techcrunch report suggested that forming a new venture capital group would make sense to curtail the employee attrition.
Capital shortfall in banks over USD155 billion, 60% of them in Europe - report
A Reuters report said banks would need to increase their capital by USD155 billion or EUR115 billion in order to comply with the global Basel III accord.
Regulations on French store hours not helpful to economy - report
There has been an increasing clamor from politicians, store associations and laborers alike to ease store hours regulations amidst a struggling French economy.
Alitalia may close shop if Air France-KLM will not support new turnaround plan - report
According to a Reuters report, a struggling Alitalia would be closing shop soon if it won't be getting the cash it needs to implement Alitalia CEO Gabriele Del Torchio's long-term plans.
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The European Securities and Markets Authority had sought for the imposition of a levy for non EU clearing house operators.
Berlin is the site for the European headquarters of Etihad Airways. Eithad Airways recently unveiled its new headquarters in Berlin, enhancing the Gulf aircarrier's presence in Germany as well as the whole of Europe.
Oman is now opening itself to world class cargo operations. The Omani Government had laid out plans to make significant investments in new cargo facilities in various airports in the country.
Consumer goods conglomerate PepsiCo appoints new AMEA CEO in Sanjeev Chadha. PepsiCo Inc, the US based softdrink giant had announced its appointment of its new CEO for Asia, Middle East and Africa, Sanjeev Chadha to be made effective immediately.
Marek Belka, Poland's Central Bank Governor, had urged local banks to find opportunities through purchase of local rivals that are owned by foreign banks.
A joint venture firm of gaming tycoons Lawrence Ho and James Packer would be investing more than USD 5 billion to build a casino resort in Japan.
Reuters columnist Allison Schrager said one of the reasons why the US Federal Reserve did not manage the recession as well as it should is the nation's aging population.
Hugo Dixon said the Euro zone needed macroprudential and counter-cyclical fiscal policies to mitigate the results of their single monetary policy.
A draft bankruptcy plan is in the works for the city of Stockton and its bond creditors and other insurers.
