NICOSIA: Confidence in Cyprus’s once-bloated banking sector is still running low despite a massive reorganisation imposed under a ¤10bn international bailout in March,...
NICOSIA: Confidence in Cyprus’s once-bloated banking sector is still running low despite a massive reorganisation imposed under a ¤10bn international bailout in March,...
European Central Bank (ECB) troika representative Rasmus Ruffer (third left), International Monetary Fund (IMF) troika representative Subir Lall (centre), International Monetary Fund Mission...
LONDON: The Bank of England moved further away from adding more stimulus to Britain’s economy this month and seemed less concerned by rising...
LONDON: Libya’s crude oil production has recovered to nearly 40 percent of its pre-war capacity with exports set to rise as major western...
KUALA LUMPUR: Britain is encouraging banks through a task force to establish Shariah-compliant products, aiming to position London as a Western hub for...
Chicago: FedEx Corp posted a better-than-expected quarterly profit on cost cuts and said it would raise rates next year for express shipping, a...
Detroit: The US Treasury has sold another block of shares in General Motors Co, reducing its stake to 7.3 percent as it moves...
NEW DELHI: India will provide a Rs10bn ($158m) sovereign guarantee to back local insurance for refineries using Iranian oil, two government sources said,...
KHARTOUM: Bank of Khartoum, Sudan’s biggest privately-owned bank, plans to add 12 more retail branches and launch financing for livestock exports to Gulf...
Al KHOBAR: Saudi Arabia and Bahrain have approved plans to lay a 350,000-barrel per day (bpd) oil pipeline between the two countries, with...
BASRA: Iraq has begun test pumping on a major southern oil pipeline and normal flow is expected to resume today, two oil officials...
JUBA: South Sudan plans to borrow 4.9bn South Sudanese pounds (SSP), or about $1.6bn, to fund its 2013/14 budget of 17.3bn SSP, Finance...
From Left: Central bank governors from Kuwait Mohammed Al Hashel, Qatar H E Sheikh Abdullah bin Saud Al Thani, the United Arab Emirates...
Doha: Qatar Exchange pursued its upswing trend yesterday adding 26.52 points, or 0.27 percent, to advance to 9,833.10 points from 9,806.58 on Tuesday....
WASHINGTON: US corporations will need to disclose how their chief executive’s paycheck compares to that of their average worker under a proposal set...
DUBAI/Al KHOBAR: Kuwait Oil Company (KOC) expects to produce far less heavy crude from the Ratqa field and less light oil from the...
San Francisco: Occidental Petroleum Corp (OXY) may still be headquartered in Los Angeles, as it has been since being founded nearly a century...
DOHA: Al Meera and Qatar Insurance have entered Qatar Exchange’s (QE) 20-stock benchmark index. The bourse’s April 2013 reviews of the ‘qualifying stocks’...
