Business

Kuwait Airways to buy 25 new Airbus jets and lease 12 more 03 Dec 2013 - 09:53 am

KUWAIT: Kuwait Airways has signed a contract with Airbus to buy 25 new aircraft and lease 12 other new planes in the biggest...

EU regulator raps rating agencies 03 Dec 2013 - 09:53 am

PARIS: The EU’s securities market regulator yesterday rapped rating agencies for numerous shortcomings in how they evaluate the creditworthiness of sovereign countries, but...

Etisalat may revive talks on Sudan unit sale 03 Dec 2013 - 09:52 am

DUBAI: Etisalat could resurrect talks to sell its Sudanese telecom arm Canar to Kuwait’s Zain, as both sides remain keen on a deal...

Etisalat may revive talks on Sudan unit sale 03 Dec 2013 - 09:52 am

DUBAI: Etisalat could resurrect talks to sell its Sudanese telecom arm Canar to Kuwait’s Zain, as both sides remain keen on a deal...

British energy firms to limit price rises 03 Dec 2013 - 09:51 am

LONDON: Britain’s biggest energy companies agreed yesterday to limit increases to household bills, giving some relief to Prime Minister David Cameron on an...

Ibdar Bank eyes larger deals after merger 03 Dec 2013 - 09:47 am

DUBAI: Bahrain’s Ibdar Bank hopes to leverage the combined expertise of its predecessor banks and a larger balance sheet to win business which...

Central bank review dents Bank of Ireland’s capital cushion 03 Dec 2013 - 09:47 am

DUBLIN: Bank of Ireland’s capital adequacy ratios suffered a sharper than expected drop after the Irish central bank said following its industrywide review...

Egypt likely to keep rates on hold 03 Dec 2013 - 09:46 am

CAIRO: Egypt is expected to keep interest rates unchanged at a monetary policy meeting on Thursday, as officials try to balance the need...

Japanese firms plan big jump in capital spending 03 Dec 2013 - 09:46 am

TOKYO: Japanese firms, buoyed by government stimulus and growing profits, will usher in their biggest annual capital spending increase since the 2008 global...

Mahathir quits as Petronas adviser: Report 03 Dec 2013 - 09:45 am

KUALA LUMPUR: Mahathir Mohamad, Malaysia’s long-serving former prime minister, has resigned as an adviser to state-run oil company Petronas, giving up a position...

RasGas celebrates incident-free work hours 03 Dec 2013 - 06:16 am

H E Dr Mohammed bin Saleh Al Sada (centre) joins the celebrations. DOHA: RasGas yesterday held a ceremony to celebrate a record of...

Ezdan Holding, Sharp Corp sign MoU 02 Dec 2013 - 09:15 am

Officials of Ezdan Holding Group and Sharp Corporation after signing the MoU. DOHA: Ezdan Holding Group has signed a memorandum of understanding and...

GCC supply chain panel holds meeting 02 Dec 2013 - 09:12 am

Ahmed Abdul Rahman Al Mulla with other officials at the meeting. DOHA: The 27th meeting of the GCC Oil & Gas Companies Supply...

Wooden VW Beetle 02 Dec 2013 - 09:07 am

A wooden Volkswagen (VW) Beetle at the Essen Motor Show in Germany. Momir Bojic of Bosnia and Herzegovina, who fabricated the car using...

Mashreq leads OSN’s $200m loan facility 02 Dec 2013 - 09:05 am

Officials posing for a picture. Dubai: OSN, the leading pay-TV network in the Middle East and North Africa (Mena), has successfully closed its...

Asda’a brings PSB to Mideast 02 Dec 2013 - 09:04 am

Doha: Asda’a Burson-Marsteller, the Middle East’s leading public relations consultancy, further strengthened its investment in evidence-based communications with the launch of the first...

QNCC to launch Plant 5 02 Dec 2013 - 09:01 am

By Satish Kanady DOHA: To ramp up its production capacity, Qatar National Cement Company (QNCC) will sign a contract with global company FLSmidth...

Nobel Prize economist warns of US stock market bubble 02 Dec 2013 - 09:00 am

BERLIN: An American who won this year’s Nobel Prize for economics believes sharp rises in equity and property prices could lead to a...