Business

Microsoft swallows Nokia’s phone unit 04 Sep 2013 - 12:23 am

HELSINKI/SEATTLE: Two years after hitching its fate to Microsoft’s Windows Phone software, Nokia collapsed into the arms of the US software giant yesterday,...

Muntajat to have its HQ in The Hague 04 Sep 2013 - 12:23 am

DOHA/THE HAGUE: The newly established Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) yesterday announced that it has chosen ‘The Hague, (the...

Construction sector in Mideast forecast to grow by 19pc 04 Sep 2013 - 12:21 am

DOHA: The Middle East’s construction sector, including Qatar, has been forecast to grow by 19 percent in 2013, with the combined value of...

Khartoum, Juba avert oil shutdown 04 Sep 2013 - 12:17 am

Sudanese President Omar Hassan Al Bashir welcomes his South Sudan’s counterpart Salva Kiir on his arrival at Khartoum airport yesterday. KHARTOUM: Sudan and...

European stocks fall 04 Sep 2013 - 12:17 am

LONDON: European stocks fell in choppy trade yesterday as a US-Israeli missile test rattled nerves and raised expectations of Western military action in...

India’s rupee slides, shares slump by almost 3.5pc 04 Sep 2013 - 12:16 am

MUMBAI: India’s currency slid yesterday and the share market crashed nearly 3.5 percent in another major sell-off caused by uncertainty in Middle East...

Europe joining US recovery: OECD 04 Sep 2013 - 12:16 am

PARIS: Led by firm US growth, the outlook is gradually improving for advanced economies while even crisis-weary Europe is at last joining the...

Brent rises by $1 a barrel 04 Sep 2013 - 12:15 am

NEW YORK: Brent crude oil futures rose more than $1 per barrel yesterday as US lawmakers voiced support for military action against Syria,...

French car registrations plunge 04 Sep 2013 - 12:15 am

A file picture shows PSA Peugeot Citroen cars in a parking lot in France. Registrations of new cars plunged 10.9 percent, erasing the...

Qatar bourse index falls by 82.14 points 04 Sep 2013 - 12:14 am

Doha: Qatar Exchange was down 82.14 points or 0.85 percent to 9,536.12 points yesterday from the previous closing of 9,618.26. Among the top...

Egypt business activity contracts over turmoil 04 Sep 2013 - 12:14 am

CAIRO: Political turmoil pushed Egypt deeper into recession in August, with growth in non-oil private business activity falling for a tenth straight month...

Saudi Q2 annual growth picks up 04 Sep 2013 - 12:14 am

DUBAI: Saudi Arabia’s economy improved in annual terms to grow 2.7 percent in the second quarter of 2013 as non-oil business expanded robustly...

Barclays to sell UAE retail bank 04 Sep 2013 - 12:13 am

DUBAI: Barclays Plc will sell its retail bank in the United Arab Emirates, highlighting the challenges foreign banks face in the Gulf competing...

Turkish CPI dips in August 04 Sep 2013 - 12:13 am

ANKARA: Turkish headline inflation fell as expected in August but core indicators rose and could trend higher in the coming months as a...

India tells firms to be more adventurous in oil quest 04 Sep 2013 - 12:10 am

An engineer welds carbon steel pipes as part of a gas pipeline for Reliance Industries Ltd at Medak, some 175km from Hyderabad. NEW...

Foreign firms in China beef up compliance 04 Sep 2013 - 12:09 am

BEIJING/SHANGHAI: Foreign companies in China are getting increasingly jumpy about a spate of antitrust and corruption investigations by Chinese authorities and are hiring...

Banker sets up boutique consultancy in Dubai 04 Sep 2013 - 12:09 am

DUBAI: , A former Bank of America Merrill Lynch banker is starting a boutique consultancy firm in Dubai aiming to capitalise on a...

Turkish lira slips to record lows 04 Sep 2013 - 12:09 am

ISTANBUL: The Turkish lira fell near record lows yesterday as fears of turmoil in the Middle East roiled global markets. The lira weakened...