Business

Air France is being ‘saved’, sees profits 08 Oct 2013 - 01:17 am

PARIS: A deep restructuring plan with big job cuts is rescuing French airline Air France, and the whole Air France-KLM group will become...

World Bank lowers East Asia growth forecast to 7.1pc 08 Oct 2013 - 01:16 am

A woman ploughing a field in Monywa, northern Myanmar. The World Bank lowered its 2013 growth forecast for East Asian developing countries to...

China economy on a ‘smooth’ slowdown: Xi 08 Oct 2013 - 01:16 am

NUSA DUA, Indonesia: China’s economy is on a smooth and controlled slowdown, President Xi Jinping said yesterday, emphasising there was no reason to...

Germany’s FWU issues rare asset-backed sukuk 08 Oct 2013 - 01:15 am

Berlin: FWU Group, a Munich-based financial services company, has issued a $20m five-year Islamic bond backed by insurance policies, a small but rare...

Taqa gets Kurdistan oil field all clear 08 Oct 2013 - 01:15 am

DUBAI: Abu Dhabi National Energy Company (Taqa) has received approval from the Kurdistan Regional Government (KRG) to develop the Atrush Block in the...

Oman’s AMIC plans IPO as part of conversion into takaful firm 08 Oct 2013 - 01:15 am

DUBAI: Oman’s Al Madina Insurance Co (AMIC) plans to list its shares on the local bourse as part of its transformation into a...

India should tackle subsidies: Minister 08 Oct 2013 - 01:14 am

NEW DELHI: India must tackle a jump in spending on fuel and food subsidies sooner rather than later, Finance Minister P Chidambaram said,...

Majnoon oil output reaches milestone 07 Oct 2013 - 02:57 am

A worker walks through the Majnoon oil field in Basra, 420km southeast of Baghdad, yesterday. BAGHDAD: Production from Iraq’s Majnoon oilfield, run by...

Qatar banks to extend loan loss provisions in Q3 07 Oct 2013 - 02:57 am

DOHA: After recording a high 63.3 percent increase (quarter-on-quarter) in their provision expenses in the second quarter of 2013, Qatar-based banks are projected...

$100-110 oil price acceptable, says Kuwait minister 07 Oct 2013 - 02:56 am

KUWAIT CITY: Kuwaiti Oil Minister Mustafa Al Shamali said that an oil price of between $100 to $110 per barrel is acceptable to...

Muntajat launches its global arm in The Hague 07 Oct 2013 - 02:56 am

DOHA: Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) has announced the launch of its global arm in Hague. From the city...

Qatar Businesswomen, IBN global forum from November 11 07 Oct 2013 - 02:56 am

DOHA: The Qatari Business Women Association, in collaboration with Interactive Business Network (IBN), will host the fourth annual Qatar International Business Women Forum...

Greece plans swapping bailout loans with 50-year bond 07 Oct 2013 - 02:55 am

ATHENS: Greece is looking into swapping a big chunk of its bailout loans with a 50-year government bond as a way to achieve...

Fighting protectionism, reforms critical to global recovery: APEC 07 Oct 2013 - 02:54 am

From Left: Sumitomo Chemical Chairman Hiromasa Yonekura greets New Zealand’s Prime Minister John Key as Indonesia’s Trade Minister Gita Wirjawan greets former US...

Doha Bank general assembly to decide on capital raise 07 Oct 2013 - 02:54 am

DOHA: The Board of Directors of Doha Bank yesterday decided to submit its proposal regarding the issuance of Tier 1 capital to the...

Yussaffali tops Arabian Business Indian Power List 07 Oct 2013 - 02:52 am

Doha: EMKE Group chief Yusuffali MA (pictured) has topped the Arabian Business Indian Power List for the fourth successive year. Published yesterday, the...

Diversification to fuel rapid growth in GCC 07 Oct 2013 - 02:24 am

DUBAI: According to EY’s most recent Rapid-Growth Markets (RGMs) Forecast, the GCC can expect to see robust economic growth over the medium term...

Retail plans with Bharti not tenable: Wal-Mart 07 Oct 2013 - 02:23 am

NUSA DUA, Indonesia: Wal-Mart Stores Inc’s retail plans with India partner Bharti Enterprises are “not tenable” and both sides are looking for the...