Business

Ibdar Bank eyes larger deals after merger 03 Dec 2013 - 09:47 am

DUBAI: Bahrain’s Ibdar Bank hopes to leverage the combined expertise of its predecessor banks and a larger balance sheet to win business which...

Central bank review dents Bank of Ireland’s capital cushion 03 Dec 2013 - 09:47 am

DUBLIN: Bank of Ireland’s capital adequacy ratios suffered a sharper than expected drop after the Irish central bank said following its industrywide review...

Egypt likely to keep rates on hold 03 Dec 2013 - 09:46 am

CAIRO: Egypt is expected to keep interest rates unchanged at a monetary policy meeting on Thursday, as officials try to balance the need...

Japanese firms plan big jump in capital spending 03 Dec 2013 - 09:46 am

TOKYO: Japanese firms, buoyed by government stimulus and growing profits, will usher in their biggest annual capital spending increase since the 2008 global...

Mahathir quits as Petronas adviser: Report 03 Dec 2013 - 09:45 am

KUALA LUMPUR: Mahathir Mohamad, Malaysia’s long-serving former prime minister, has resigned as an adviser to state-run oil company Petronas, giving up a position...

RasGas celebrates incident-free work hours 03 Dec 2013 - 06:16 am

H E Dr Mohammed bin Saleh Al Sada (centre) joins the celebrations. DOHA: RasGas yesterday held a ceremony to celebrate a record of...

Ezdan Holding, Sharp Corp sign MoU 02 Dec 2013 - 09:15 am

Officials of Ezdan Holding Group and Sharp Corporation after signing the MoU. DOHA: Ezdan Holding Group has signed a memorandum of understanding and...

GCC supply chain panel holds meeting 02 Dec 2013 - 09:12 am

Ahmed Abdul Rahman Al Mulla with other officials at the meeting. DOHA: The 27th meeting of the GCC Oil & Gas Companies Supply...

Wooden VW Beetle 02 Dec 2013 - 09:07 am

A wooden Volkswagen (VW) Beetle at the Essen Motor Show in Germany. Momir Bojic of Bosnia and Herzegovina, who fabricated the car using...

Mashreq leads OSN’s $200m loan facility 02 Dec 2013 - 09:05 am

Officials posing for a picture. Dubai: OSN, the leading pay-TV network in the Middle East and North Africa (Mena), has successfully closed its...

Asda’a brings PSB to Mideast 02 Dec 2013 - 09:04 am

Doha: Asda’a Burson-Marsteller, the Middle East’s leading public relations consultancy, further strengthened its investment in evidence-based communications with the launch of the first...

QNCC to launch Plant 5 02 Dec 2013 - 09:01 am

By Satish Kanady DOHA: To ramp up its production capacity, Qatar National Cement Company (QNCC) will sign a contract with global company FLSmidth...

Nobel Prize economist warns of US stock market bubble 02 Dec 2013 - 09:00 am

BERLIN: An American who won this year’s Nobel Prize for economics believes sharp rises in equity and property prices could lead to a...

Carmakers rev up for return to Iran market 02 Dec 2013 - 08:59 am

TEHRAN: Major carmakers and parts suppliers showed up in Tehran on Saturday to assess the Iranian market’s “considerable potential,” just one week after...

Opec likely to keep output ceiling 02 Dec 2013 - 08:59 am

VIENNA: The Organisation of Petroleum Exporting Countries (Opec) meets here this week to decide on the cartel’s oil output against a backdrop of...

Qatar bourse index rises by 0.2 percent 02 Dec 2013 - 08:58 am

DUBAI: Egypt’s bourse posted the biggest gain in the region, rising 1.4 percent in thin trading as the country was readying a draft...

Zain wants to keep control of Bahrain arm after IPO 02 Dec 2013 - 08:58 am

DUBAI: Telecom operator Zain wants to retain majority control of its Bahraini subsidiary after the unit’s initial public offering, but has yet to...

Foreign investors return to Spain 02 Dec 2013 - 08:57 am

MADRID: A year after fleeing Spain as its economy tottered on the brink of a full-blown sovereign bailout, foreign investors are coming back....