Qatar Islamic Bank (QIB)said it has successfully closed its Islamic financing arrangement for a part of the Ras Lafan Power & Water project (C) that would be performed by Ras Qirtas Power Company at a cost of $250m. QIB and

The World Bank's director for African programs, Michel Wormser, told IRIN if the Chad government changes tack and implements a plan to invest more from oil revenues to fight poverty, the Bank would be willing to revise its decision announced

Central Bank of Kenya deputy governor Jacinta Mwatela on Friday officially declined her new job as permanent secretary and charged that her transfer could be linked to a proposed multi-billion shilling new currency project.

Electronic payment firm Paynet has downplayed fears that mobile money transfer services are a threat to conventional banking.

BANK of Uganda has persistently refused to comply with the Public Procurement and Disposal of Public Assets (PPDA) law, Parliament has heard.

Glenbrook's Jacqueline Chilton shares what she heard at yesterday's panel discussion on Mobile Payments at the CTIA conference in San Francisco. She concludes: "In a final question, the crowd voted that mobile payments would reach 5% of total retail transactions

Humana officials on Tuesday said that the company expects membership in Medicare prescription drug plans operated by the company to decrease by almost 10% in 2009 because of a loss of enrollment of dual eligibles, beneficiaries who qualify for Medicare

Health Net on Thursday agreed to reinstate coverage for 926 former members in California whose policies were canceled after they filed claims and to pay $3.6 million in fines, the Los Angeles Times reports. The company also will pay as

Witnesses at a House Ways and Means Health Subcommittee hearing on Thursday discussed potential methods for overhauling the Medicare physician payment system, CQ HealthBeat reports. American Medical Association President Nancy Nielsen said that if the 20% payment reduction scheduled for

Pennsylvania Gov. Ed Rendell (D) on Wednesday told reporters that talks with Republican state senators are moving along and could result in compromise legislation to cover hundreds of thousands of uninsured state residents, the AP/Philadelphia Inquirer reports. According to Rendell,

CMS has improved 1-800-Medicare, a toll-free telephone line that beneficiaries can call for information on the prescription drug benefit, but the agency needs to address some serious problems that remain before the next annual enrollment period begins on Nov. 15,

TIL India's leading manufacturer of machinery equipments, is planning to set up a second plant at Kharagpur, near Kolkata at an investment of Rs 250 crore.

With size of the global aerospace industry close to $1500 billion and EO component of the industry at $60 billion, India shares a miniscule 1% of the 12% of the growing global EO.

GGL Hotel & Resort Company, the hospitality arm of Ambuja Realty, plans to invest Rs 1,000 crore in the next five years to develop and expand the hospitality business, said Harsh Neotia, chairman of Ambuja Realty.

India's paddy sowing during the ongoing kharif season rose to 36.88 million hectare as on September 11, up from around 35.03 million hectare during the same period last year, but acreage of major cash crops like cotton and sugarcane continued

The current slowdown has not only battered the job market, but also resulted in slimmer pay packets. Increasingly, corporates are shying away from loosening their purse strings to hire talent.

Nalco the country's second biggest producer of aluminium and alumina, has got a premium of $70.10 on the LME prices for its metal in a bidding process finalised.

European finance ministers said they had underestimated the fallout from a US-led economic downturn but stopped short of big spending plans to pull their economies back from the brink of recession.

The Houston hotel ballroom wasn't even half full, but that didn't get in the way of the speaker's enthusiasm.

State-run NHPC has tied up a loan of Rs 17,000 crore from Life Insurance Corporation and Power Finance Corporation for its total capex of Rs 28,000 crore to add 4,622 mw of hydro capacity in 11th Plan period.