Business

Osram debuts on Frankfurt Stock Exchange 09 Jul 2013 - 12:09 am

Wolfgang Dehen (centre), Chairman of Osram Licht AG, rings the stock exchange bell on the trading floor of the Frankfurt Stock Exchange next...

Qatar bourse index slips by 80.25 points 09 Jul 2013 - 12:09 am

Doha: Qatar Exchange index slipped by 80.25 points or 0.86 percent to hit 9,282.88 points from the previous closing of 9,363.13 points. The...

Nigeria halves fuel debt to traders paying $1.4bn 09 Jul 2013 - 12:09 am

LONDON: Nigeria has repaid $1.4bn in mostly overdue debts to fuel traders after raising the money via an oil prepayment loan from international...

Etihad passenger revenue up 8pc 09 Jul 2013 - 12:08 am

ABU DHABI: Abu Dhabi airline Etihad raised passenger revenues by eight percent in the second-quarter, helped by higher turnover from its code-sharing and...

Dubai could raise $1bn from telecoms stake sales: J P Morgan 09 Jul 2013 - 12:06 am

DUBAI: Dubai Holding could raise almost $1bn from the sale of its minority stakes in two telecoms firms, J P Morgan said in...

Qatar’s logistics industry set to grow manifold: Expert 08 Jul 2013 - 01:37 am

DOHA: Powered by Qatar’s huge investments in the infrastructure and transportation sectors, Qatar’s logistics industry is set to grow in a big way....

Hong Kong property protest 08 Jul 2013 - 01:24 am

Property agents take part in a demonstration outside the government headquarters in Hong Kong yesterday. Thousands of estate agents and property owners marched...

Minister of Finance becomes QNB Chairman 08 Jul 2013 - 01:24 am

Doha: Qatar National Bank announced yesterday the appointment of the Minister of Finance H E Ali Sherif Al Emadi as Chairman of QNB ...

South Korea’s Daelim wins $293m Saudi butanol plant project 08 Jul 2013 - 01:23 am

RIYADH: Saudi Butanol Company (Sabuco), a joint venture of local petrochemicals firms, has awarded South Korea’s Daelim Construction Co a SR1.1bn ($293m) contract...

Qatar Exchange announces Ramadan business hours 08 Jul 2013 - 01:23 am

Doha: Qatar Exchange (QE) announced yeterday that its official business hours during the holy month of Ramadan will be from 8.30am to 1.30pm,...

Qatari bourse index dips by 9.04 points 08 Jul 2013 - 01:22 am

Doha: Qatar Exchange index lost 9.04 points or 0.10 percent to reach 9,363.13 points from the previous closing of 9,372.17 points. The volume...

ECB cannot solve eurozone crisis: Bundesbank chief 08 Jul 2013 - 01:21 am

AIX-EN-PROVENCE, France: The European Central Bank cannot solve the eurozone crisis, Bundesbank chief Jens Weidmann told economists yesterday, pressing the bloc’s governments to...

China’s CNPC joins $12bn Ecuador refinery project 08 Jul 2013 - 01:21 am

QUITO: China National Petroleum Corp (CNPC) has agreed to help finance the construction of a $12bn refinery project in Ecuador, the South American...

Jet engine makers CFM, Pratt battle over performance 08 Jul 2013 - 01:20 am

PARIS: Engine makers for next-generation Airbus and Boeing narrow-body jets stepped up their war of words yesterday, claiming their new power plants will...

Bringing up baby, the British royal way 08 Jul 2013 - 01:08 am

LONDON: The imminent birth of Britain’s royal baby will be announced on a golden easel and hailed by cannon fire — but royal-watchers...

Weekly Money Market Review with IBQ: US jobs data reinforces expectations of early QE tapering 07 Jul 2013 - 11:54 pm

Last week the market revolved around the US Job report and several major Central Bank meetings. The ECB and BoE decisions to keep...

Greece sees deal on rescue funds 07 Jul 2013 - 11:53 pm

The International Monetary Fund’s Deputy Director and Mission Chief to Greece Poul Thomsen (right) arrives for a meeting at the Finance Ministry in...

Reliance to spin off real estate business 07 Jul 2013 - 11:53 pm

New Delhi: India’s Reliance Communications will spin off its real estate business into a separately listed unit, a move the country’s No.3 mobile...