Business

Turkey leaves key rates unchanged 17 Sep 2013 - 11:41 pm

A money changer uses a machine to count Turkish liras in the border city of Hatay yesterday. ANKARA: Turkey’s central bank announced yesterday...

UAE to announce bank exposure rules 17 Sep 2013 - 11:40 pm

DUBAI: The United Arab Emirates central bank is expected to announce within one or two months rules restricting the amount of exposure which...

UAE falafel chain to offer IPO on Nasdaq Dubai soon 17 Sep 2013 - 11:40 pm

DUBAI: Just Falafel, a United Arab Emirates-based franchise restaurant offering the traditional Arab food, has hired an adviser to help arrange an initial...

Dubai developer Damac picks banks for London IPO 17 Sep 2013 - 11:39 pm

DUBAI: Damac Properties, a privately held Dubai property developer, has hired two international investment banks to help arrange an initial public offering of...

Greece making progress, must stick to bailout: European Union 17 Sep 2013 - 11:39 pm

BRUSSELS: As Greece was hit yesterday by yet more public sector strikes against government austerity, the EU insisted the unpopular policy is showing...

Qatari bourse index adds 43.88 points 17 Sep 2013 - 11:38 pm

Doha: The Qatar Exchange index added 43.88 points, or 0.45 percent advance to 9,806.58 points from 9,762.70 on Monday. The volume of the...

Qatar Exchange revamps website services 17 Sep 2013 - 11:30 pm

Doha: Qatar Exchange announced enhancements to market data services provided through its website. Real-time updates to the orderbook of each QE listed stock...

Lloyds share sale raises prospect of UK’s full exit by 2015 17 Sep 2013 - 11:30 pm

LONDON: Britain could have sold the six percent stake in banking group Lloyds it placed with investment institutions nearly three times over, sources...

Strauss-Kahn vows to revive Serbia economy 17 Sep 2013 - 11:29 pm

BELGRADE: Disgraced former IMF chief Dominique Strauss-Kahn pledged yesterday to do his best to help Belgrade revive its ailing economy as he began...

GPCA to host annual fertilizer convention from September 22 17 Sep 2013 - 11:29 pm

Doha: The Gulf’s fertilizer manufacturers must diversify their portfolios to withstand future oil and gas feedstock challenges, advises the Gulf Petrochemicals and Chemicals...

Nissan’s revived Datsun debuts in Indonesia 17 Sep 2013 - 11:28 pm

A visitor takes pictures during the launch of Datsun GO in Jakarta, yesterday. JAKARTA: Japanese automaker Nissan yesterday launched its revived budget Datsun...

Oman to sell 19pc stake in telecom firm 17 Sep 2013 - 11:27 pm

DUBAI: Oman plans to sell a 19 percent stake in its biggest mobile telecom operator, raising around $595m to help the Gulf state...

Foreign inflows fuel Sri Lanka recovery, says central bank 17 Sep 2013 - 11:27 pm

COLOMBO: Sri Lanka’s economy grew 6.8 percent in the second quarter, up from 6.0 percent last year thanks to foreign cash inflows which...

Europe airlines should cut cost: IAG chief 17 Sep 2013 - 11:26 pm

LONDON: European airlines will have to cut costs at existing short-haul businesses to compete with budget airlines or struggle to stay aloft, IAG...

Total snaps up Chevron’s Pakistan retail network 17 Sep 2013 - 11:26 pm

DUBAI/PARIS: Total and its joint venture partner have agreed to buy Chevron Corp’s retail distribution business in Pakistan, following a similar move by...

New projects to add value to energy industry 16 Sep 2013 - 11:56 pm

Recipients of The Oil & Gas Year 2013 Awards during a ceremony at the InterContinental Hotel yesterday. (Shaival Dalal) DOHA: Qatar is currently...

Diversification strategy going well: Minister 16 Sep 2013 - 11:56 pm

DOHA: The Minister of Energy and Industry, H E Dr Mohammed bin Saleh Al Sada, has said the diversification strategy of Qatar’s energy...

Oil prices fall as Mideast tensions recede 16 Sep 2013 - 11:55 pm

NEW YORK: Global oil prices fell yesterday, after US and Russian officials reached a weekend deal to remove Syria’s chemical weapons, easing investor...