Business

Greece will leave bailout scheme in 2014: PM 31 Dec 2013 - 10:06 am

A man reads the necessary documents for turning in his car licence plates in a tax office in central Athens yesterday. Greeks turned...

India clears Vodafone, Tesco investments 31 Dec 2013 - 10:05 am

A retail shop owner speaks on his mobile phone outside his closed shop shutters painted with an advertisement for Vodafone at a market...

Blackstone to invest $200m in Crocs 31 Dec 2013 - 10:04 am

A sample of Crocs shoes on display in a New York City shoe store. Crocs Inc said Blackstone Group is making a $200m...

Japan’s inflation may rise faster than wages 31 Dec 2013 - 09:59 am

People do last-minute New Year’s shopping in Ameyoko district in Tokyo yesterday. Japan’s core consumer prices rose 1.2 percent in November from a...

Gulf states seek food security in Europe, US 31 Dec 2013 - 09:57 am

ABU DHABI: The Gulf states are changing tack in their multi-billion dollar search for food security. With their farming projects in some of...

Qatar’s GDP grows by 6.2pc in third quarter 31 Dec 2013 - 09:56 am

DOHA: Qatar’s real gross domestic product (GDP) grew by 6.2 percent year-on-year in the third quarter of 2013, from 6 percent in the...

Turmoil costs Turkey $100bn 31 Dec 2013 - 09:56 am

ANKARA: The political crisis engulfing Turkish Prime Minister Recep Tayyip Erdogan has cost the economy $100bn, a top official said yesterday, as financial...

Egypt auctions 22 oil, gas exploration concessions 31 Dec 2013 - 09:55 am

CAIRO: Egypt’s General Petroleum Corporation and Natural Gas Holding Company announced yesterday an international auction for 22 concessions for oil and gas exploration...

Qatar Exchange closed on Jan 1 31 Dec 2013 - 09:55 am

DOHA: Qatar Exchange (QE) will remain closed on Wednesday, January 1, 2014. Trading will resume on Thursday, January 2. The decision is followed...

US pending home sales inch up in November 31 Dec 2013 - 09:53 am

WASHINGTON: US pending home sales rose slightly in November, ending five consecutive months of declines, the National Association of Realtors (NAR) said yesterday....

Rupee on course to be one of Asia’s worst performers in ’13 31 Dec 2013 - 09:53 am

MUMBAI: The rupee fell yesterday, hit by strong dollar demand by a state-run bank that dealers said was intended to meet oil refiner...

EU ready to offer Portugal more help, says Rehn 31 Dec 2013 - 09:52 am

LISBON: The European Union is ready to offer Portugal further aid once its current bailout expires in May, Economics Affairs Commissioner Olli Rehn...

Qatar bourse index rises by 0.08 percent 31 Dec 2013 - 09:52 am

Doha: Qatar Exchange ended in the green yesterday adding 8.18 points or 0.08 percent to 10,368.20 points from 10,360.02 on Sunday. Among the...

Iran cuts gas supplies to industry 31 Dec 2013 - 09:52 am

DUBAI: The National Iranian Gas Company (NIGC) has been forced to slash gas supplies to industrial consumers as cold weather drives up heating...

Egypt pound weak at central bank auction 31 Dec 2013 - 09:51 am

CAIRO: The Egyptian pound weakened at a forex auction yesterday, extending a series of falls at the central bank’s regular sale of dollars,...

Swatch fire may hit other watchmakers 31 Dec 2013 - 09:51 am

ZURICH: A fire that destroyed a workshop at a Swatch Group factory will affect other watchmakers it supplies more than the Swiss firm...

European stock markets slip; Tokyo rises 31 Dec 2013 - 04:22 am

Employees and traders celebrate the closing of this year’s last trading day at the Korea Exchange in Seoul yesterday. The Korea Composite Stock...

Icebound Antarctic passengers face air rescue 30 Dec 2013 - 10:27 am

This image taken by passenger Andrew Peacock of www.footloosefotography.com yesterday shows Barbara Tucker, a passenger aboard the ‘stuck’ ship MV Akademik Shokalskiy, watching...