Business

Mannai, Microsoft and Qtel offer Cloud service for SMEs 23 Dec 2012 - 07:06 am

Main speakers at the event from left: Sanjay Modak (Mannai), Adel Ali Al Malki (QNB), Moni George (Mannai), Mohammad Afaneh (Microsoft) and Kamran...

Pearl GTL wins innovative gas project award 23 Dec 2012 - 07:04 am

DOHA: The Pearl GTL plant has won the Most Innovative Gas Project of the year 2012. The second Oil and Gas Middle East...

San Bernardino wins first round in bankruptcy battle 23 Dec 2012 - 07:04 am

RIVERSIDE, California: A US bankruptcy judge derailed efforts by California’s giant pension fund to get paid before other creditors in the city of...

Dish seeks more time to fight Sprint’s Softbank, Clearwire deals 23 Dec 2012 - 07:03 am

NEW YORK: Dish Network (DISH) has asked the US telecom regulator for more time to file an objection to wireless service provider Sprint...

China shows off world’s longest high-speed rail 23 Dec 2012 - 07:02 am

Attendants inside a high-speed train during an organised experience trip from Beijing to Zhengzhou, as part of a new rail line, yesterday. BEIJING:...

NYSE takeover by ICE to create derivatives giant 23 Dec 2012 - 07:02 am

LONDON/NEW YORK: Intercontinental Exchange Inc (ICE) agreed as part of its $8.2bn takeover of NYSE Euronext (NYX) to pay the New York Stock...

Walgreen profit sinks nearly 26pc 23 Dec 2012 - 07:01 am

New York: Walgreen’s fiscal first-quarter earnings sank nearly 26 percent as costs tied to a couple big deals and Superstorm Sandy helped put...

Iraq to withhold payments for Kurdish oil 23 Dec 2012 - 07:00 am

BAGHDAD: Iraq will not pay oil companies operating in Kurdistan because the autonomous region has failed to export the volume of crude it...

Bertone Nuccio concept car 22 Dec 2012 - 12:20 am

A view of Bertone Nuccio concept car by the Italian design house Bertone during the Exclusive Cars Tramo Exhibition taking place in Madrid...

BAE wins $4.1bn Oman jet deal 22 Dec 2012 - 12:19 am

LONDON: British defence giant BAE Systems announced yesterday a £2.5bn ($4.1bn) deal to supply 12 Eurofighter Typhoon fighter aircraft and eight Hawk trainer...

UK third quarter growth revised down to 0.9pc 22 Dec 2012 - 12:16 am

LONDON: Britain’s economy grew by a worse-than-expected 0.9 percent in the third quarter, downwardly-revised data showed yesterday, sparking fresh speculation over a possible...

Gazprom to buy Kyrgyz gas operator for $1 22 Dec 2012 - 12:16 am

BISHKEK, Kyrgyzstan: Russia’s gas giant Gazprom is taking a controlling stake in Kyrgyzstan’s debt-ridden state gas company for one dollar, Kyrgyzgaz said yesterday....

Regulatory black hole puts banks off deals 22 Dec 2012 - 12:14 am

DUBLIN/LONDON: Regulatory uncertainty is putting large banks off buying the assets of smaller rivals, complicating the sector’s restructuring and giving hedge funds and...

GE to buy aviation unit of Avio for $4.3bn 21 Dec 2012 - 11:20 pm

MILAN: US conglomerate General Electric Co has agreed to buy the aviation business of Italy’s Avio for $4.3bn, in a sign of confidence...

Myanmar, Japan to build vast industrial zone 21 Dec 2012 - 11:20 pm

YANGON: Myanmar and Japan agreed to start work next year on a huge industrial zone near Yangon, officials from the two countries said...

Tiny gold bars latest rage for jittery private investors 21 Dec 2012 - 11:19 pm

ZURICH: Private investors in Switzerland, Austria and Germany are lining up to buy gold bars the size of a credit card that can...

Iraq on its path to oil’s top tier 21 Dec 2012 - 11:18 pm

LONDON: Iraq is sharpening a push to sell its swelling crude output and sit at oil’s top table with Saudi Arabia, sweetening terms...

Baghdad’s gold holding quadruples in 3 months 21 Dec 2012 - 11:17 pm

NEW YORK/SINGAPORE: Iraq made its first major move in years to boost its gold reserves in recent months, joining central banks from emerging...