World Business News

Right off the back of the Blackberry Q5, the Canadian telecommunication giant introduces yet another smartphone device. The Blackberry 9720 was introduced into the GCC market this week, and is priced at $218.

The governments of Oman and Iran have signed a preliminary deal to build a pipeline for the export of Iranian natural gas to the Gulf sultanate.

NEW YORK: Anadarko Petroleum Corp said it agreed to sell a 10 per cent stake in a gas field offshore Mozambique to a unit of India's Oil & Natural Gas Corp for $2.64 billion in cash, as the US oil company looks to focus more on its domestic assets.

STOCKHOLM: Chinese-owned automaker Volvo Car Group said on Friday it had received the long-awaited approval to begin manufacturing in China at its plants in Daqing and Zhangjiakou.