Business

Spain’s bad bank close to big land sale as disposals pick up 07 Oct 2013 - 02:23 am

MADRID: Spain’s “bad bank” is about to start its biggest sale so far of land taken over from bailed-out lenders, as property prices...

Italian luxury firm Loro Piana defends takeover, eyes expansion 07 Oct 2013 - 01:16 am

A woman works at the Italian fashion group Loro Piana’s plant in Roccapietra. Loro Piana was bought by French giant LVMH for $2.7bn....

Qatari bourse index loses 29.53 points 07 Oct 2013 - 01:15 am

Doha: Qatar Exchange index slipped by 29.53 points, or 0.30 percent, to 9,731.50 points from the previous closing of 9,761.03 points. The volume...

South Africa union ends four-week auto components sector strike 07 Oct 2013 - 01:15 am

JOHANNESBURG: South African trade union NUMSA said it had reached a deal to end a four-week strike in the auto components sector that...

GE sees 10-15pc growth in emerging markets 07 Oct 2013 - 01:14 am

NUSA DUA, Indonesia: General Electric Co Vice-Chairman John Rice said yesterday that despite the shaky global economy, he expected the firm’s infrastructure businesses...

Ajman Bank sacks chief executive 07 Oct 2013 - 01:14 am

DUBAI: Ajman Bank has sacked its Chief Executive Mohammed Zaqout, less than six months after appointing him to lead the United Arab Emirates’...

As developed states improve, BRIC stumbles 07 Oct 2013 - 12:52 am

NEW YORK: The developing countries of Brazil, Russia, India and China recovered quickly from the financial crisis five years ago. Their spending helped...

Russia’s VTB agrees deal to sell Rosbank stake to SocGen 07 Oct 2013 - 12:52 am

MOSCOW: Russia’s second-largest bank VTB has agreed to sell its stake of around 10 percent in Societe Generale’s Russian unit Rosbank to the...

BlackBerry faces class action shareholder lawsuit 07 Oct 2013 - 12:52 am

TORONTO: A class action lawsuit has been filed against BlackBerry by a shareholder claiming the company misled investors about its future, including how...

Temasek, Sinopec approach Repsol over stake in Gas Natural 07 Oct 2013 - 12:51 am

MADRID: Singapore’s sovereign wealth fund Temasek and Chinese refiner Sinopec have approached Spanish oil company Repsol over its ¤4.7bn ($6.4bn) stake in Gas...

IPO spotlights Twitter co-founders 07 Oct 2013 - 12:51 am

SAN FRANCISCO: Twitter co-founder Evan Williams, who sold blogging platform startup Pyra Labs to Google a decade ago, will cash in anew when...

Weekly Commodity Update: Shutdown spooks commodities at a time of rising supply 07 Oct 2013 - 12:47 am

By Ole Hansen (Head of Commodity Strategy, Saxo Bank) The ongoing risk to the US and possibly also the global economy from the...

Arbitration law on the anvil 06 Oct 2013 - 01:13 am

Sheikh Khalifa bin Jassim bin Mohamed Al Thani and Sheikh Thani bin Ali bin Saud Al Thani posing with participants at the end...

Maersk Oil Qatar signs two contracts with GDI 06 Oct 2013 - 01:12 am

The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada posing for a picture with other officials. DOHA: Maersk...

International Islamic wins Best Islamic Bank award 06 Oct 2013 - 01:10 am

International Islamic Deputy CEO Jamal Abdullah Al Jamal receiving the award. DOHA: International Islamic (QIIB) has won the “Best Islamic Bank in Qatar...

US set to be top oil, gas producer this year: EIA 06 Oct 2013 - 01:10 am

WASHINGTON: The United States could push past Russia and Saudi Arabia as the world’s largest single producer of oil and of natural gas...

Qatar’s economy maintains strong growth 06 Oct 2013 - 01:09 am

Doha: Qatar’s economy continued to maintain its strong growth momentum in the second quarter of 2013, according to QNB Group. Qatar’s real GDP...

Barzan Gas Project’s offshore topsides sail into Qatar 06 Oct 2013 - 01:08 am

The three Barzan wellhead platforms are the twelfth, thirteenth and fourteenth to be built and installed by RasGas. Doha: RasGas Company Ltd (RasGas)...