Business

A woman walks past a branch of HSBC in central London yesterday. LONDON: HSBC posted lower than expected earnings yesterday and said it...

LONDON: More than 1 million British workers could be employed on zero-hours contracts, new figures released yesterday reveal, suggesting that British business is...

DUBAI: Saudi Arabia’s main stock index rose above the 8,000-point level yesterday for the first time in nearly five years, while Egypt hit...

SEOUL: South Korea’s Hyundai Heavy Industries (HHI) said yesterday that it had won a $3.3bn  order to build a steam power plant in...

DUBAI: Etisalat has kick-started a stalled acquisition strategy with a potential $10.5bn in deals, including a $5.5bn stake purchase in Morocco, its biggest...

DOHA: In recognition of Barclays’ Mergers and Acquisitions (M&A) services, the London-based multinational banking and financial service provider, has been named as the...

NEW YORK:  Brent crude oil pared early losses yesterday to trade back toward $109 a barrel as selling pressure eased after a report...

CAIRO: Egypt’s foreign reserves jumped in July to their highest in 20 months, the central bank said yesterday, boosted by $5bn that Gulf...

BAGHDAD: Iraq has invited international companies to build part of a new oil export pipeline linking the country’s northern Kirkuk fields to Turkey,...

Two men repair an advertisement sign of a currency exchange office in Riga. Latvian government denied that the former Soviet republic has the...

DOHA: Overall bank lending conditions in MENA improved for the second quarter in a row with the index reaching 52.7, the highest level...

LONDON: Global banking giant HSBC is closing the accounts of foreign diplomats in Britain and giving them 60 days to move their money,...

  DOHA: Barwa Bank has been named the winner of International Finance Magazine (IFM) Financial Awards for Qatar 2013 for “Best Islamic Bank”, “Fastest...

Doha/dubai: Qatar Exchange continued its upswing trend yesterday, adding 57.98 points (0.60 percent) to advance to 9,764.55 points from 9,706.57 on Thursday. Among...

Malaysian ringgit notes are seen among other currency notes in Singapore. Malaysia’s normally tranquil currency and bond markets have been whipsawed by an...

LONDON/NEW YORK: The London Metal Exchange and Goldman Sachs Group Inc have been named as co-defendants in a US class-action lawsuit alleging anticompetitive...

NEW YORK: With earnings season winding down and the employment report out of the way, the US stock market is likely to shift...

LONDON: China’s monthly data deluge is likely to confirm that the world’s second-largest economy is still moving down through the gears but is...