Business

British PM urges bold G8 action on global economy 02 Jan 2013 - 01:01 am

LONDON: British Prime Minister David Cameron called on his fellow G8 leaders yesterday to start work now on agreeing “bold steps” to help...

PetroRabigh refinery halted for 20 days 02 Jan 2013 - 01:01 am

JEDDAH: Saudi Arabia’s PetroRabigh refining and petrochemicals complex will carry out maintenance for 20 days after a power cut on Saturday forced it...

Plan B for business in Beirut to avoid bust 02 Jan 2013 - 12:59 am

A Lebanese man looks at a shop window in ‘Souqs’ shopping district in Beirut. BEIRUT: As civil war rages in neighbouring Syria and...

BRIC dominance fades for a record third year 02 Jan 2013 - 12:56 am

HONG KONG: Stocks in the biggest developing markets are lagging behind global equities for a record third year as faster economic growth proves...

Bailout candidate Cyprus slams eurozone austerity pill 02 Jan 2013 - 12:56 am

NICOSIA: Cyprus President Demetris Christofias hit out on Monday against the harsh austerity measures being meted out against struggling eurozone members as the...

India’s stock market third best performer globally in ’12 02 Jan 2013 - 12:55 am

Mumbai: After a dismal show a year ago, the Indian stock market emerged as the third best performer globally in 2012, with a...

Drifting Shell drill ship grounds off Alaska 02 Jan 2013 - 12:53 am

ANCHORAGE: A large drill ship belonging to oil major Shell ran aground off Alaska on Monday night after drifting in stormy weather, company...

IT industry in India faces challenges 02 Jan 2013 - 12:53 am

Hyderabad: The information technology industry in India has a challenging and an uncertain year ahead, feel the business leaders in the sector in...

Housing, software fuel jobs rebound in western US 02 Jan 2013 - 12:52 am

NEW YORK: Robert Thomson got a 20 percent raise after starting last month at Richmond American Homes in Salt Lake City, eight months...

Sharp planning $1.15bn public offering: Report 02 Jan 2013 - 12:52 am

TOKYO: Embattled Japanese electronics firm Sharp is considering making a public share offering worth more than 100bn yen ($1.15bn) early this year, a...

Oman budget raises spending by 30pc 02 Jan 2013 - 12:52 am

MUSCAT: Oman’s 2013 budget raised spending nearly 30 percent over its 2012 plan to 12.9bn rials ($33.5bn) yesterday as state boosts outlay on...

Shale gas find spurs wave of new US steel plants 02 Jan 2013 - 12:50 am

NEW YORK: The US shale-gas revolution, which has revitalised chemicals companies and prompted talk of domestic energy self-sufficiency, is attracting a wave of...

Luxury firms pin hopes on China to boost sales 02 Jan 2013 - 12:45 am

BEIJING: Clad in a black and orange Prada winter coat with a diamond-shaped pattern she snapped up during a trip to Milan, Jennifer...

India’s mountain of coal problems 02 Jan 2013 - 12:44 am

BASUNDHARA, India: Across India, thermal power stations are running below capacity because they can’t get enough coal, and factories are running on expensive...

New Year eve trade 01 Jan 2013 - 01:15 am

Trader Joseph Mastrolia wears “2013” glasses celebrating New Year’s Eve as he works on the floor of the New York Stock Exchange in...

Qatar’s foreign investment hits QR163.8bn in 2012 01 Jan 2013 - 01:15 am

DOHA: Qatar’s sovereign wealth fund (SWF) investment in abroad has reached QR163.8bn in 2012. The country’s 2012 foreign investment is $32bn higher than...

Qatar Exchange disappoints investors in ’12 01 Jan 2013 - 01:14 am

DOHA: Qatari stocks didn’t fare well in 2012, leaving investors largely dejected as they could make only marginal gains of QR2.53bn, or $693m,...

Imports rise, balance of merchandise trade drops 01 Jan 2013 - 01:14 am

DOHA: Qatar’s total exports in Q3, 2012 have increased by 7.3 percent compared to a year ago. The country’s total export value reached...