Business

Swedish central bank cuts key rate to boost inflation 18 Dec 2013 - 07:49 am

STOCKHOLM: The Swedish central bank, the Riksbank, cut its key interest rate to 0.75 percent yesterday as worrying deflationary signs lingered on the...

UK to launch shale licensing round 18 Dec 2013 - 07:47 am

LONDON: Britain will launch its latest licensing round to allow companies to explore for shale gas in early summer and it forecast high...

Tesco applies to set up shop in India 18 Dec 2013 - 07:46 am

MUMBAI: Britain’s Tesco said yesterday it has applied to open supermarkets in India, becoming the first retail giant to try to enter the...

Azeri gas project backers sign final agreement 18 Dec 2013 - 07:45 am

BAKU: Backers of Azerbaijan’s Shah Deniz II gas project signed a final investment decision yesterday, scaling up its status as an alternative gas...

PPP key for Qatar’s economic growth: Dow 18 Dec 2013 - 07:45 am

DOHA: As Qatar and the wider Middle East region continues to increase its position as a host destination for world sporting events, the...

Saudi fuel use bigger threat than US shale: Jadwa 18 Dec 2013 - 07:44 am

DUBAI: Rising Saudi energy demand is a bigger threat to the world’s biggest oil exporter than surging US shale output, Saudi Jadwa Investment...

IFC and Standard Chartered sign RMB risk sharing facility 18 Dec 2013 - 07:43 am

New York: IFC, a member of the World Bank Group, and Standard Chartered Bank have signed a risk sharing facility, which will increase...

Istithmar sells stake in Miami hotel 18 Dec 2013 - 07:43 am

DUBAI: Istithmar World, a unit of Dubai World, has sold its 50 percent stake in Miami Beach’s landmark Fontainebleau hotel back to south...

Putin slashes gas prices to help Ukraine 18 Dec 2013 - 07:42 am

MOSCOW: President Vladimir Putin yesterday announced a plan to buy $15bn of Ukrainian bonds and slash Kiev’s bill for Russian gas imports, in...

MAF aims to invest $1bn a year for next five years 18 Dec 2013 - 07:41 am

DUBAI: Dubai retail group Majid Al Futtaim (MAF) hopes to invest $1bn a year for the next five years in the Middle East...

Banking sector pushes Qatari index down 18 Dec 2013 - 07:41 am

Doha: Qatar Exchange index lost 6.08 points, or 0.06 percent, yesterday closing at 10,468.59 points from the previous closing of 10,475.39 points. The...

Egypt minister expects 2pc growth in second quarter 18 Dec 2013 - 07:40 am

CAIRO: Egypt’s economy should grow at an annual rate of two percent in the second fiscal quarter, the state’s planning minister said yesterday,...

Ukrainian delegation at Qatar Chamber 17 Dec 2013 - 07:33 am

A Ukrainian delegation led by Vice Chairman of International Commercial Chamber, Igor Gres, meeting members of Qatar Chamber at the chamber headquarters in...

UBL and Omani firm mark 30 years of association 17 Dec 2013 - 07:32 am

UBL President Atif R Bokhari presenting a plaque to Chairman of OUECL and OHI Group of Companies and United Bank Limited, Maqbool bin...

Amazon’s German workers strike 17 Dec 2013 - 07:31 am

BERLIN/DUESSELDORF: Hundreds of Amazon.com Inc workers in Germany went on strike yesterday, just as pre-Christmas sales were set to peak, in a dispute...

Developing at a rapid pace 17 Dec 2013 - 07:30 am

Workers at a construction site in Kuala Lumpur, Malaysia, yesterday. Malaysia is placed the highest developing Asian economy despite its lowered ranking in...

Oil above $110 as Libyan ports remain closed 17 Dec 2013 - 07:30 am

An employee of a petrol station refills a car in Tripoli yesterday. Libya is importing more fuel to make up for local shortages...

Chinese and Singaporean carriers to set up Taiwanese budget airline 17 Dec 2013 - 07:29 am

China Airlines Chairman Sun Hung-Hsiang (centre right) and Tigerair CEO Koay Peng Yen (centre left) in front of a Tigerair A-320 passenger jet...