Business

Milaha unit gets $95m financing from QIIB 26 Dec 2012 - 01:16 am

DOHA: Milaha Maritime and Logistics, a subsidiary of Milaha, secured financing “Ijara” of $95m from Qatar International Islamic Bank (QIIB). The funds will...

Mitsubishi offices in Japan inspected over latest recall 26 Dec 2012 - 01:15 am

TOKYO: Dozens of transport ministry officials inspected Mitsubishi Motors’ offices across Japan yesterday after the automaker last week widened a recall to about...

Toyota unveils Crown 26 Dec 2012 - 01:14 am

Japan’s auto giant Toyota Motor President Akio Toyoda introducing the company’s flagship sedan “Crown” in Tokyo yesterday.

Russia unveils $25bn oil link to the Pacific 26 Dec 2012 - 01:13 am

MOSCOW: Russian President Vladimir Putin yesterday unveiled the final extension of a new $25bn oil pipeline to the Pacific that underscores the energy...

Sudan pound hits record low against dollar 26 Dec 2012 - 01:09 am

KHARTOUM: Black market rates for the Sudanese pound hit a record low against the dollar on the black market yesterday as importers struggled...

007 and Spider-Man can’t rescue Sony, other electronics makers 26 Dec 2012 - 01:05 am

An employee adjusts Sony Corp’s Bravia television monitors at an electronics store in Tokyo yesterday. TOKYO: Even James Bond and Spider-Man can’t rescue...

Shell, Venture Gulf sign supply deal 24 Dec 2012 - 10:40 pm

Officials of Qatar Shell and Venture Gulf Engineering at the signing ceremony. DOHA: Qatar Shell and Venture Gulf Engineering (VGE) signed an agreement...

Qatar’s fiscal surplus surges to QR118bn 24 Dec 2012 - 10:39 pm

DOHA: Qatar’s fiscal surplus for the first two quarters of 2012/13 financial year has surged to QR118bn. The surplus is QR64bn higher than...

Tata loses steam 24 Dec 2012 - 10:38 pm

Tata Motors’ Head of Advanced and Product Engineering Tim Leverton in his office at the company’s plant in Pimpri, 160km southeast of Mumbai,...

Oil price extends retreat as ‘fiscal cliff’ looms nearer 24 Dec 2012 - 10:37 pm

NEW YORK: Oil fell for a third day yesterday, threatening to erase this year’s meagre gains as a stalemate over the U S...

QNB seeks approval to acquire entire shares of NSGB 24 Dec 2012 - 10:37 pm

Doha: Qatar National Bank (QNB) announced that it has submitted a request to the Central Bank of Egypt to get the approval over...

QIB in strategic partnership with NCR Corp 24 Dec 2012 - 10:28 pm

Officials of Qatar Islamic Bank and NCR Corporation during the signing ceremony. DOHA: Qatar Islamic Bank (QIB) and NCR Corporation have signed a...

Real estate sector pushes QE index down 24 Dec 2012 - 10:27 pm

DOHA: Qatar Exchange (QE) index dropped 32.57 points or 0.39 percent to 8,390.32 points yesterday. QE sector indices traded in the negative zone....

The First Investor gets Dealmaker of the Year award 24 Dec 2012 - 10:27 pm

Doha: The First Investor (TFI), the investment banking division of Barwa Bank Group, was given “Dealmaker of the Year Award” at the Finance...

Russia completes oil link carving out a bigger share of Asian market 24 Dec 2012 - 10:21 pm

MOSCOW: Russia has completed its largest infrastructure project since the Soviet Union by expanding its eastern oil pipeline to the Pacific Ocean as...

Yen slips as incoming premier steps up pressure on Bank of Japan 24 Dec 2012 - 10:21 pm

SINGAPORE: The yen dipped against the dollar and euro in Asian trade yesterday as incoming Japanese premier Shinzo Abe stepped up pressure on...

Thai economy to grow 24 Dec 2012 - 10:19 pm

A Thai woman walks past festive decorations at a shopping district in Bangkok, Thailand, yesterday. Economic experts forecast Thailand’s economy to grow by...

Rosneft gears up for $55bn TNK-BP takeover 24 Dec 2012 - 10:19 pm

MOSCOW: Rosneft, seeking to finance Russia’s largest-ever takeover deal, has raised $16.8bn in bank loans and agreed on long-term trade finance deals with...