Saturday 26 July 2014
 
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swiss

Swiss-Belhotel to redefine Bahrain 4-star segment

A new mid-range hotel in Seef that will start receiving guests from Sunday promises to redefine the four-star category in Bahrain.   Hong-Kong based hotel management chain Sw

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CS guilty plea not to hurt BlackRock ties

BlackRock said Credit Suisse's guilty plea in a US tax evasion case does not affect its business relationship with the Swiss bank. Last month, Credit Suisse pleaded guilty to a US criminal charge and will pay more than $2.5 bi

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Orascom sheds Egypt assets in business revamp

Swiss-listed Orascom said it would divest stakes in a number of non-core assets in Egypt as it restructures its business in the region, valuing the sale at up to 130 million Swiss francs ($145.13 million). Orascom, an operator of

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Swiss voters reject world's highest minimum wage

Swiss citizens rejected a proposal to introduce the world's highest minimum wage of $25 an hour in a vote on Sunday, according to first projections, bringing relief to business leaders worried the measure would have damaged the Swiss workpla

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Swiss firms unveil key aviation technologies

Swiss companies have come out in full force to further strengthen their market presence in the Middle East region by showcasing their latest portfolio of technology and solutions at the 14th Airport Show in Dubai. Seeking to play

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Luxury watchmakers woo women to boost sales

A recent advert from luxury watchmaker Omega shows a large, technologically-advanced timepiece. So far, so typical. But this one is studded with diamonds and worn by actress Nicole Kidman. Called the Ladymatic, it's the future of the industr

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R&M wins Oman residential project contract

Reichle & De-Massari (R&M), the Swiss structured cabling specialist, said it has been contracted to deliver a high-performance, end-to-end cabling infrastructure solution for the Panorama commercial and residential project in Oman.

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Swiss jam maker expands GCC footprint

Raber AG, a major Swiss fruit brand and producer of preserves, marmalades and jellies, has unveiled big plans for the Gulf region. A family-owned business founded in 1877 at Lucerne, Switzerland, Raber AG is showcasing its key pro

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Co-pilot scripted hijack of Ethiopian plane

Swiss authorities have blamed the co-pilot of an Ethiopian Airlines plane for hijacking the passenger aircraft and landing it in Geneva. They said the co-pilot, who is now seeking asylum in Switzerland, took control of the plane when th

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Swiss-based Etihad Regional launched

Swiss-based airline Etihad Regional was launched in Zurich today heralding a new era of improved regional and international connections for travellers in Europe. Established in partnership with UAE national carrier, Etihad Airways

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