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RBS faces fines to settle Libor probe

London: Royal Bank of Scotland faces fines for its part in a global interest rate-setting scandal, a matter the bank said on Friday it was keen to settle as soon as possible.

The part-nationalised bank is being investigated by US and UK authorities over how it set Libor and other interest rates and is expected to be one of the next to settle after


Supplier collapse threatens Ford and GM

Canberra: The closure of Australia’s Autodom Ltd, a top Australian auto parts supplier, could shut down production at local units of Ford and General Motors by next week and executives are working frantically to save the company.

Autodom, a $2.1 million (Dh7.71 million) supplier of parts to local units of Ford, Toyota and the General Motors Holden


Masdar builds solar plant in Mauritania

Abu Dhabi: Masdar’s latest renewable energy project, a 15-megawatt solar installation in Mauritania, underscores the company’s ongoing commitment to the United Nations’ Year of Sustainable Energy For All - a global initiative announced by UN Secretary-General Ban Ki-moon during the 2012 World Future Energy Summit in Abu Dhabi.

Sustainable Energy


Gold falls as dollar strengthens

London: Gold fell on Friday, pressured by gains in the dollar ahead of a closely watched jobs report that will give the last major signal on the state of the world’s largest economy before US elections next week, and could set the tone for monetary policy.

The dollar rose to a near four-month high against the yen and a near three-week high against


Etihad’s inaugural flight to Ahmedabad touches down

Dubai: Etihad Airways, the national airline of the UAE, yesterday launched flights between Abu Dhabi and Ahmedabad, India’s fifth largest city and former capital of the Indian state of Gujarat.

With the addition of Ahmedabad, Etihad Airways now flies to nine Indian destinations including the cities of New Delhi, Chennai, Mumbai, Kozhikode,


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Abatera Tours is an expert destination management company that covers all aspects of inbound tourism business including FIT Travel, Leisure groups and Meetings, Incentives, Conferences & Events (MICE)...

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