Business

G8 leaders pledge action on tax evasion 19 Jun 2013 - 05:07 am

ENNISKILLEN, Northern Ireland: The world’s rich economies said they would take a tougher stance on fighting money laundering and tax evasion but promised...

More Russian oil flows to China 19 Jun 2013 - 05:06 am

MOSCOW: Russia is steeply ramping up oil deliveries to China, with Asia now importing almost a fifth of oil exports from the world’s...

RMB likely to replace dollar in global trade 19 Jun 2013 - 05:04 am

Simon Williams (right) addressing the audience yesterday. (Salim Matramkot) DOHA: Chinese currency Renminbi or RMB is set to emerge as the anchoring currency...

Adnoc, Lulu sign pact for operating Ruwais Mall 19 Jun 2013 - 05:03 am

Officials of Lulu Group and Abu Dhabi National Oil Company during the signing ceremony. DOHA: Abu Dhabi National Oil Company (Adnoc) and Line...

Boeing’s new Dreamliner steps up big jet battle 19 Jun 2013 - 05:03 am

PARIS: Boeing launched a larger version of its flagship Dreamliner aircraft at the Paris Air show yesterday, intensifying the battle with rival Airbus ...

Iraq excludes Kurds from 2014 oil output target 19 Jun 2013 - 05:02 am

LONDON: Iraq aims to ramp up oil production by nearly 45 percent by the end of next year — without any input from...

Zain eyes IT acquisitions to boost data services 19 Jun 2013 - 05:01 am

DUBAI: Kuwait mobile operator Zain will make acquisitions and partnerships in computer-based industries this year to exploit rising demand for data and help...

Star Alliance 19 Jun 2013 - 05:00 am

Mark Schwab (second left), Star Alliance CEO, and Austin Cheng (left), President of EVA Air, hold aircraft models during a ceremony in Taoyuan,...

Qatari bourse index dips by 68.65 points 19 Jun 2013 - 04:59 am

Doha: Qatar Exchange index was down yesterday 68.65 points or 0.73 percent to 9,361.05 points from the previous closing of 9,429.70 points. The...

Russia backs weaker rouble to boost growth 19 Jun 2013 - 04:59 am

MOSCOW: Russia’s Finance Minister said yesterday he would welcome a weaker rouble to revive flagging economic growth, but while the approach may boost...

Russian coal miner Sibanthracite plans to list shares in London 19 Jun 2013 - 04:59 am

MOSCOW: Russian niche coal miner Siberian Anthracite (Sibanthracite) plans to list its shares in London and could raise up to $200m, two market...

Sipchem picks HSBC as adviser for Sahara merger 19 Jun 2013 - 04:58 am

DUBAI: Saudi International Petrochemical Co (Sipchem) has picked HSBC Holdings to advise on the firm’s proposed merger with Sahara Petrochemical, three banking sources...

Slovenia ‘bad bank’ to begin operations 19 Jun 2013 - 04:56 am

Slovenia ‘bad bank’ to begin operations LJUBLJANA: Slovenia’s new “bad bank”, a key part of efforts to avoid becoming the next eurozone member...

Slovenia ‘bad bank’ to begin operations 19 Jun 2013 - 04:55 am

LJUBLJANA: Slovenia’s new “bad bank”, a key part of efforts to avoid becoming the next eurozone member to need a bailout, will receive...

Oman central bank or fiscal reforms 19 Jun 2013 - 04:54 am

DUBAI: Oman should consider fiscal reforms as a priority because continued growth in public spending may be unsustainable in the long run, its...

France plans fund to ease municipal loans 19 Jun 2013 - 04:53 am

PARIS: The French government will set up a special fund to help the numerous local authorities that are struggling with the burden of...

Kia provides 198 cars for FIFA Confederations Cup transport 19 Jun 2013 - 04:50 am

SEOUL: Kia Motors Corporation announced that it will provide 198 passenger cars to ensure efficient smooth transportation during the 2013 FIFA Confederations Cup...

Spain emerging from recession, says minister 19 Jun 2013 - 04:50 am

SANTANDER, Spain: Spain, the eurozone’s fourth-largest economy, started to emerge from recession during the second quarter, Economy Minister Luis de Guindos said yesterday....