Business

Most Gulf markets plunge 24 May 2013 - 01:13 am

Investors keep a close watch on electronic displays at the Abu Dhabi Securities Exchange. DUBAI: Most Gulf markets fell yesterday as a sell-off...

QE gains 131.72 points this week 24 May 2013 - 01:13 am

Doha: Qatar Exchange (QE) gained 131.72 points (1.48 percent) this week when trading closed yesterday at 9,048.62 points. The trading value increased by...

Ford to close Aussie plants 24 May 2013 - 01:12 am

Ford Australia’s head office in Melbourne. Ford Motor Co will shut its two Australian auto plants in October 2016, blaming a strong currency...

Bahraini banks in merger talks as consolidation picks up 24 May 2013 - 01:09 am

DUBAI: Bahrain’s Al Salam Bank and BMI Bank, an affiliate of Oman’s Bank Muscat, have announced plans to merge, a tie-up which would...

Abu Dhabi govt-owned holding firm Senaat plans share sale 24 May 2013 - 01:08 am

ABU DHABI: An Abu Dhabi government-owned holding company may sell its own shares or offload a stake in one of its main businesses...

OBG, QNB in deal to compile 10th edition of project report 24 May 2013 - 01:08 am

DOHA: Oxford Business Group (OBG), a global publishing, research and consultancy firm, recently signed a Memorandum of Understanding (MOU) on research facilities for...

Singapore’s Q1 GDP growth slows 24 May 2013 - 01:07 am

A container vessel sails to the port in Singapore yesterday. The trade-sensitive economy slowed in the first quarter on sluggish demand for its...

IMF’s Lagarde in court for French arbitration case 24 May 2013 - 01:06 am

PARIS: IMF chief Christine Lagarde arrived in court yesterday to be questioned by a French magistrate over her role in a ¤285m ($366m)...

Fed stimulus concerns pull oil price down 24 May 2013 - 01:06 am

NEW YORK: Oil fell to a three-week low yesterday in a broader commodities selloff as a decline in China’s factory activity entrenched concern...

Iraq’s state-owned bank eyes Lebanon, Turkey 24 May 2013 - 01:06 am

ABU DHABI: State-owned Trade Bank of Iraq (TBI) plans to expand its domestic presence as well as open branches in Lebanon and Turkey...

Tanzania drafts terms to tame gas boom 24 May 2013 - 01:05 am

DODOMA: Tanzania has drafted policies aimed at channelling the benefits of a gas boom to its own people, in the face of a...

LG’s OLED television 23 May 2013 - 02:51 am

A visitor looks at an LG Electronics’ flexible organic light-emitting diode (OLED) TV during World IT show 2013 at the Coex convention centre...

Africa tempts Gulf bond investors 23 May 2013 - 02:50 am

DUBAI: The lure of sub-saharan Africa, with its geographic proximity and promise of higher returns, is tempting cash-rich Gulf Arab bond investors to...

Sovereign funds and Chinese bank buy into Russia’s VTB 23 May 2013 - 02:50 am

MOSCOW: The sovereign wealth funds of Qatar, Norway and Azerbaijan and China Construction Bank have bought about 55 percent of the new shares...

Cityscape Qatar to begin on Monday 23 May 2013 - 02:50 am

DOHA: The upcoming ‘Cityscape Qatar 2013’, to be held under the patronage of the Prime Minister and Foreign Minister H E Sheikh Hamad...

US demand woes push oil price down to $103 23 May 2013 - 02:49 am

LONDON: Brent crude oil dropped to $103 per barrel yesterday, after data showing a surprise jump in US petrol stockpiles sparked worries that...

Barwa to unveil several projects 23 May 2013 - 02:49 am

DOHA: Barwa Real Estate Group has announced plans to unveil several projects at Cityscape Qatar 2013. Barwa Real Estate Group’s CEO, Abdulla Abdulaziz...

QPI and Total sign pact for Congo project 23 May 2013 - 02:46 am

Doha: Qatar Petroleum International (QPI) and Total announced the signing of a framework of agreement whereby QPI will participate in Total E&P Congo...