Business

IATA cuts industry profit forecast 23 Sep 2013 - 11:37 pm

Paris: Global airlines cut their 2013 industry profit forecast by eight percent to $11.7bn yesterday, citing weaker growth in parts of Asia and...

Tesco enters tablet market with ‘Hudl’ 23 Sep 2013 - 11:36 pm

LONDON: Tesco, the world’s third-biggest retailer, has entered Britain’s intensely competitive tablet market with a low-priced own-brand product that it hopes will boost...

Azevedo sees ‘different dynamics’ at WTO 23 Sep 2013 - 11:35 pm

GENEVA: Just three weeks into the job, new World Trade Organisation (WTO) chief Roberto Azevedo hinted yesterday at the beginning of a more...

Weekly Commodity Update: Metals up, oil down as FOMC surprises most 23 Sep 2013 - 11:32 pm

By Ole Hansen (Head of Commodity Strategy, Saxo Bank) The key event last week was without a doubt the long-awaited US central bank...

Lamborghini bullish on US and India 23 Sep 2013 - 10:36 pm

Stephan Winkelmann (right), the President and CEO of Automobili Lamborghini, during the inauguration of a luxury car dealership for Lamborghini in New Delhi...

Qatari bourse index adds 11.98 points 23 Sep 2013 - 10:36 pm

Doha: Qatar Exchange was back in the green area yesterday adding 11.98 points, or 0.12 percent, to advance to 9,797.88 points from 9,785.90...

GM to buy back preferred stock 23 Sep 2013 - 10:35 pm

DETROIT: General Motors agreed to pay $3.2bn to buy back high-interest preferred stock from a union retiree health care trust, and the Moody’s...

First exporting vessel due at Total’s Jubail refinery 23 Sep 2013 - 10:35 pm

LONDON: The first vessel to export fuel products from Total’s 400,000-barrels-per-day Jubail refinery in Saudi Arabia is due to arrive at the plant...

NPS Energy seeks $700m in sale 23 Sep 2013 - 01:16 am

DUBAI: Dubai-based oil services firm NPS Energy has put itself back up for sale, hoping to fetch up to $700m after a deal...

Britain pushing to ease sanctions on BP gas field 23 Sep 2013 - 01:09 am

LONDON: Britain could be close to agreeing a deal to ease sanctions that have stopped gas production from the North Sea’s Rhum field,...

Real estate transactions record 32pc increase 23 Sep 2013 - 01:08 am

DOHA: The real estate transaction rate in Qatar recorded a significant 32 percent growth during this summer months compared to the same period...

Troika begins audit of Greece 23 Sep 2013 - 01:06 am

International Monetary Fund Deputy Director and Mission Chief to Greece Poul Thomsen (right) arrives at the Finance Ministry in Athens yesterday. ATHENS: Greece...

ExxonMobil holds Tamayoz training 23 Sep 2013 - 12:33 am

Trainees attending the Tamayoz programme organised by ExxonMobil Qatar. DOHA: ExxonMobil Qatar held a four-day training course on fundamental economic analysis concepts for...

Minister to quit if Italy flouts EU deficit limits 23 Sep 2013 - 12:33 am

ROME: Italian Economy Minister Fabrizio Saccomanni will resign if the fragile coalition government flouts European Union deficit spending limits in favour of tax...

Small firms move in on vast Afghan mineral wealth 23 Sep 2013 - 12:32 am

KABUL: Few companies showed up to Afghanistan’s fresh appeal for investment in its vast mineral wealth yesterday, apparently deterred by trouble plaguing two...

Bank of Israel seen holding rates for fourth month 23 Sep 2013 - 12:32 am

JERUSALEM: Israel’s central bank is expected to leave short-term interest rates unchanged for a fourth straight month due to moderate economic growth and...

China’s FTZ plan a political message to Hong Kong: Analysts 23 Sep 2013 - 12:16 am

HONG KONG: Plans for China’s first free trade zone —seen as a threat to Hong Kong’s status as a finance hub — are...

Singapore Airlines sets sights on India 22 Sep 2013 - 11:18 pm

The first A380 delivered to Singapore Airlines arrives at the Airbus Delivery Centre in Toulouse Blagnac, southern France. Almost 13 years after pulling...