Germany's Henkel had made plans to increase sales in MENA for the next few years. Henkel, the German cleaning products manufacturer known for brands such as Persil and Schwarzkopf, has laid out plans to boost sales by 40% in emerging markets such as the Middle East.

GS Engineering and Construction and Samsung Engineering form joint ventures with Arabtec separately.

The King Hamas decree granting BHD185 million bailout to Gulf Air is set to be vetoed by a number of MPs since it was done while Parliament was in recess.

Chinese carmaker BYD Co Lt said it would hire more local workers for its California plant after being accused of breaking US labor rules.

The merger between law firms Cooley and Dow Lohnes would not absorb the latter's lobbyist group.

Some say the Euro is overvalued while others claim it is not. The founders of the Euro had dreamt of a superpower currency that can go head to head with the US dollar, to free Europe from US economic dependence.

Merlin Entertainments was set to close its London float order books early because of the strong demand, according to a source.

The shares of solar-cell maker Shunfeng Photovoltaic International Ltd rose after it agreed to buy Suntech Power for $492 million.

Apple Inc had lost its Vice President of Engineering for the iOS in Frenchman Henri Lamiraux as he confirmed his retirement in a 9to5Mac report.

JPMorgan Chase hiring practices now being reviewed by US, British and Hong Kong regulatory authorities.