Business

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....

Investment inflow into Arab states rises despite unrest 19 Jun 2013 - 04:49 am

KUWAIT CITY: Foreign direct investment into Arab states rose by 9.8 percent last year despite unrest in some of them but remained well...

UAE revives bourse merger proposal 18 Jun 2013 - 05:42 am

Screens displaying stock information are seen as investors look on at the Dubai Financial Market yesterday. The United Arab Emirates has revived a...

US homebuilder sentiment rises 18 Jun 2013 - 05:41 am

NEW YORK: Sentiment among US homebuilders surged in June, rising above a key milestone for the first time since the start of the...

Etihad mulls equity stake in Serbia’s JAT Airways 18 Jun 2013 - 05:41 am

BELGRADE/DUBAI: Etihad Airways has signed a preliminary agreement with the Serbian government over a possible equity investment in the Balkan country’s loss-making JAT...

Chevron signs oil deal in Kurdistan 18 Jun 2013 - 05:40 am

BAGHDAD: US energy giant Chevron has signed another oil exploration deal in Iraq’s autonomous Kurdistan region, it said yesterday, one of several contracts...

India’s trade deficit widens in May 18 Jun 2013 - 05:40 am

NEW DELHI: India’s trade deficit hit a seven-month high in May as gold imports surged, raising fresh concerns about Asia’s third largest economy,...

EU, US leaders launch free-trade talks 18 Jun 2013 - 05:39 am

US President Barack Obama meets with Transatlantic Trade and Investment Partnership members at the G8 Summit at Lough Erne in Enniskillen, Northern Ireland,...

World economic prospects remain weak: G8 leaders 18 Jun 2013 - 05:38 am

ENNISKILLEN: The Group of Eight leaders said yesterday that that world economic prospects remained weak even though downside risks have lessened due partly...