Business

Industrial data highlight ‘dismal’ Indian economy 13 Apr 2013 - 04:08 am

NEW DELHI: India’s industrial output rose just 0.6 percent in February, official figures showed yesterday, adding to a string of weak economic data...

Saudi awards Jubail fuel oil tender to SITME at high premium 13 Apr 2013 - 04:08 am

SINGAPORE: Saudi Arabia, the world’s largest oil exporter has awarded up to 400,000 tonnes of cracked fuel oil from its joint venture refinery...

Infosys shares dive after weak earnings 13 Apr 2013 - 04:07 am

BANGALORE: Shares in Indian outsourcing giant Infosys dived yesterday after it issued a disappointing growth forecast and warned of global challenges, sparking worries...

Vienna, Warsaw bourses in tie-up talks 13 Apr 2013 - 04:07 am

VIENNA: The Vienna and Warsaw stock exchanges said yesterday that they were in “preliminary” talks about a tie-up, in the latest attempt at...

Behesht at Al Khor Mall 12 Apr 2013 - 04:57 am

From Left: The Chairman and Managing Director of Al Aqda Group, Naser Ibrahim Al Muhannadi, Director of Al Ibrahim Automatic Bricks, Ali Muhammad...

Qatar’s $3bn aid to Egypt is timely: Fitch 12 Apr 2013 - 04:57 am

DOHA: Qatar’s decision to provide $3bn of additional support is positive for Egypt, Fitch Ratings said yesterday. It will be a significant boost...

Bearish QE dips by 1.12pc this week 12 Apr 2013 - 04:56 am

DOHA: Qatar Exchange Index ended in red for the third consecutive week yesterday losing 95.66 points or 1.12 percent during this week to...

BMW Group Middle East sales up 28pc 12 Apr 2013 - 04:56 am

DOHA: The BMW Group’s outlook for 2013 is looking optimistic with the company reporting its best ever first quarter in the Middle East....

Dutch firm introduces fire-resistant panels 12 Apr 2013 - 04:56 am

DOHA: A leading Dutch firm, Hunter Douglas, that makes window blinds and coverings for buildings and high-rise towers, claims to have come out...

Nakilat reports QR177m profit 12 Apr 2013 - 04:55 am

DOHA: Qatar Gas Transport Co (Nakilat) reported a net profit of QR177.2m for Q1 2013 compared to QR176.6m for the corresponding period of...

Petrofac wins $3.7bn Abu Dhabi deal 12 Apr 2013 - 04:55 am

LONDON: British oil and gas group Petrofac yesterday said that its Petrofac Emirates joint venture firm has won a vast $3.7bn contract to...

Airbag glitch forces Japan carmakers to recall 3.4m vehicles 12 Apr 2013 - 04:54 am

TOKYO: Nearly 3.4 million Japanese-brand vehicles are being called back worldwide because of airbag problems, the companies announced yesterday, in the latest safety...

Mubadala swings back into profit 12 Apr 2013 - 04:53 am

ABU DHABI: Mubadala, the Abu Dhabi investment fund with a mandate to boost the emirate’s local economy, swung to a net profit in...

Top forecasters cut oil demand growth 12 Apr 2013 - 04:53 am

LONDON: The world’s top oil forecasters this week all cut their 2013 oil demand forecasts due to subdued economic growth, with the figures...

Dubai’s DME drops fuel oil plans to focus on crude 12 Apr 2013 - 04:53 am

DUBAI: The Dubai Mercantile Exchange has dropped plans to offer fuel oil trading to focus on increasing volumes of its Oman crude oil...

GM to invest $5.2bn in Opel 11 Apr 2013 - 01:21 am

Karl Thomas Neumann, Chief Executive of Adam Opel AG and President of General Motors Europe, giving a speech at the Adam Opel AG...

Qatar bourse earnings remained flat last year 11 Apr 2013 - 01:21 am

DOHA: Qatar Exchange’s (QE) earnings remained relatively flat in 2012, falling 0.3 percent year-on-year. The real estate sector earnings declined 56 percent and...

Qatar investment forum in Berlin from Monday 11 Apr 2013 - 01:21 am

DOHA: The two-day “Business and Investment in Qatar Forum” is set to open in Berlin, Germany on Monday. Organised by Qatar’s Ministry of...