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Philippines�The Philippine Overseas Employment Administration has cancelled the licenses of seven recruitment agencies and suspended the licenses of five others for duping 137 Filipino bus drivers into non-existent jobs in Dubai, it was learned Sunday.

Economic Zones World (EZW), a global provider of sustainable industrial and logistics infrastructure solutions, is setting up a centre of excellence for integrated water management in Dubai. It will undertake applied research in water cycles, sustainable solutions for the ecosystem...

He said consumer finance was only about 2-3 per cent of the gross domestic product, or GDP, compared with 25 per cent in Europe. Only two per cent of the Indian population has insurance cover, while less than one per...

Australian captain Ricky Ponting has been the major beneficiary of Cricket Australia’s unexpected windfall, earning a $1 million bonus. Ricky Ponting might have lost the Ashes and seen his team tumble down the Test rankings, but he has been the...

As Andrew Alderson's story (see p86) outlines, this is a move far away from the traditional selectors-coach-captain axis. If it comes off, it will not only usher in a new era for New Zealand cricket, it will confirm for many...

Richard Omwela on Saturday sealed a sponsorship deal of Sh15m for the 2009/2010 season. Naikuni said that the package for the national rugby team would be increased by 12 per cent for the 2010/2011 season with the whole package amounting...

The car in front is no longer a Toyota Toyota's shock Formula One exit could herald a new era of austerity for the sport Toyota's Jarno Trulli crashes at the start of the Spanish Grand Prix. Photograph: Albert Gea/Reuters Jarno...

A possible recovery of the off-plan market in Dubai may begin only from 2011, provided developers now build quality products and fulfil their commitments, real estate executives said. Sana Kapadia, Vice- President, Equity Research at EFG-Hermes, said: "The recovery of...

Other banks that saw a major drop in their net profits include Commercial Bank International (-54.5 per cent). Analysts believe that there could be further provisioning in the fourth quarter of this year, which is bound to further impact profitability...

UAE stock markets are expected to face a period of confusion and lack of clear direction amid dwindling volumes, said analysts. Lack of strong local movers and contradicting signals from global markets will continue to dominate the sentiment in local...