Business

TUNIS: Tunisia plans to issue Islamic bonds early next year as the North African country seeks to reform its banking sector and diversify...

Doha: Fifty One East, the premium luxury retail chain in Qatar, launched its ‘End of Summer Fashion Promotion’ across its outlets here. This...

BY MOHAMMAD SHOEB DOHA: With the deepening financial crisis in Europe, German companies based in Qatar are facing stiff competition from Asian rivals...

DOHA: Ever wondered why the furniture looks great in the showroom, but as soon as you bring it home it doesn’t look the...

DUBAI: Iran expects to begin exporting natural gas to neighbouring Iraq by the summer of 2013, an Iranian official was quoted as saying...

TEHRAN: Iran’s currency, the rial, dived six percent to a new low of around 28,600 to the dollar in open trading yesterday, deepening...

DOHA: Qatar’s economic diversification effort seems to be bearing fruit as official data released for the second quarter of this year show strong...

DOHA: There has been an 18 percent drop in personal loan disbursal by banks in the first eight months of this year due...

NEW YORK: Apple apologised yesterday for its glitch-ridden maps application in its new operating system used by the iPhone 5 and urged customers...

A Mercedes-Benz Concept Style Coupe displayed at the Paris Motor Show yesterday. The show takes place every two years and is one of...

LONDON: Xstrata’s directors, facing a Monday deadline to deliver their verdict on Glencore’s $32bn bid, are hammering out a deal they hope will...

LONDON: Britain tightened the screws on troubled banks yesterday, vowing to overhaul a “broken” Libor interest rate system that tainted the financial sector’s...

SINGAPORE/LONDON: A Chinese shipyard has delivered the first of 12 supertankers to Iran, giving Tehran extra capacity to transport its oil to Asia...

TOKYO: Electronics giant Sony will invest 50bn yen ($645m) in scandal-tainted Olympus, the firms said yesterday, as they both look to turn the...

ISTANBUL: Turkey’s trade deficit fell 30 percent in August on the back of strong gold sales to Iran, bolstering efforts to improve its...

LONDON: In banking, as in fashion, bespoke tailoring commands a premium. As investment banks see their income fall from traditional sales of shares,...

LONDON: European stock markets fell yesterday with attention fixed on Spain as it prepares to publish an audit of its stricken banks and...

MADRID: An independent audit of Spanish banks confirmed a manageable ¤59.3bn in extra capital is needed for them to ride out a serious...