Business

Asian markets up on China data, weak yen lifts Tokyo 19 Jan 2013 - 04:52 am

Hong Kong: Asian shares posted strong gains yesterday after China released data showing a better-than-expected pick-up in the economy for the past four...

Wall Street little changed; Intel drags 19 Jan 2013 - 04:52 am

NEW YORK: US stocks opened little changed yesterday, a day after the S&P 500 rose to its highest level in five years, as...

US oil export restrictions to stay 19 Jan 2013 - 04:51 am

LONDON: The US is unlikely to relax soon rules banning exports of most types of its crude oil, despite a huge increase in...

GE reports rise in net income 19 Jan 2013 - 04:51 am

NEW YORK: US industrial giant General Electric yesterday bested quarterly earnings from a year ago, as it reported higher profits in all of...

Airbus loses to Boeing in 2012 18 Jan 2013 - 03:49 am

TOULOUSE, France: European group Airbus lost the crown of the world’s biggest maker of airliners to US giant Boeing last year, but did...

Aston Martin celebrates 100 years in Dubai 18 Jan 2013 - 03:48 am

A helicopter airlifts the Aston Martin Vanquish onto the helipad of the Burj Al Arab Hotel, yesterday. The aerial extravaganza was held as...

Financial regulator issues rules for three sectors 18 Jan 2013 - 03:48 am

Doha: The Qatar Financial Centre (QFC) Regulatory Authority yesterday released rules covering three areas of regulation in keeping with international regulatory standards for...

GCC bonds set to weather US Treasury storm 18 Jan 2013 - 03:48 am

DUBAI: A jump in US Treasury yields in the last few weeks has raised a grim possibility for emerging market bond investors: A...

Cb sees Turkish bank deal by March 18 Jan 2013 - 03:47 am

Doha: Commercialbank (Cb) expects to complete the purchase of a 75 percent stake in Turkey’s Alternatifbank by the end of March, it said...

Emir issues decrees appointing QFMA board of directors 18 Jan 2013 - 03:47 am

Doha: The Emir H H Sheikh Hamad bin Khalifa Al Thani has issued Emiri Decree No 1 of 2013 appointing the Board of...

QNB prints $322m Swiss franc bond, plans 60 percent dividend proposal 18 Jan 2013 - 03:47 am

DOHA: Qatar National Bank (QNB), the Gulf state’s largest lender, has printed a 300m Swiss franc ($322.44m) bond, a document from sole bookrunner...

Dubai bourse hits new two-year high 18 Jan 2013 - 03:46 am

DUBAI: Dubai’s bourse climbed to a new two-year high yesterday as investors shifted funds to stocks lagging an early-year rally, while other regional...

Creditors considering Amlak debt proposal: UAE economy minister 18 Jan 2013 - 03:46 am

DUBAI: Creditors of Dubai firm Amlak Finance are considering a restructuring proposal from the indebted mortgage lender, the UAE economy minister said yesterday,...

Qantas-Emirates global alliance gets off the ground 18 Jan 2013 - 03:46 am

SYDNEY: Australia’s competition watchdog on Thursday gave Qantas and Emirates Airlines permission to begin implementing their global alliance but said final approval was...

Minister visits Barzan site 17 Jan 2013 - 04:01 am

The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada with RasGas Managing Director Hamad Rashid Al Mohannadi and...

New Port will create 20,000 jobs: Al Noaimi 17 Jan 2013 - 04:00 am

DOHA: The New Port Project (NPP) would generate 20,000 job opportunities. Training would be given to Qatari candidates ahead of their appointments, the...

Big slice of port construction for Qatari firms 17 Jan 2013 - 03:58 am

Construction of the New Port in full swing. By Satish Kanady DOHA: Qatari contracting companies will have a major stake in the big...

Construction industry employees received QR12.37bn wages in 2011 17 Jan 2013 - 03:58 am

DOHA: Nearly 493,500 workers were engaged in the country’s fast-paced building and construction industry in 2011 and while they collectively received wages worth...