Business

Dublin draws bumper demand for first post-bailout bond 08 Jan 2014 - 07:04 am

DUBLIN/LONDON: Ireland made a storming return to the international bond market yesterday, with bumper demand for the country’s first debt sale since exiting...

Oil above $107 on US, Mideast supply woes 08 Jan 2014 - 07:04 am

LONDON: Oil rose above $107 a barrel yesterday after five straight declines supported by doubts about a recovery in Libyan output, fighting in...

Kentz opens new venture in Qatar 08 Jan 2014 - 07:04 am

DOHA: Kentz Corporation Limited (Kentz) yesterday announced to establish a new business entity ‘Kentz Engineering International WLL’ in Qatar. The announcement was made...

US trade gap shrinks to 4-year low on record exports 08 Jan 2014 - 07:03 am

WASHINGTON: The US trade deficit shrank sharply in November as exports hit a record high for the second straight month, official data showed...

Dollar rises in Asian trade after mixed US data 08 Jan 2014 - 07:03 am

TOKYO: The dollar rose in Asia yesterday following a mixed set of US economic data, as investors await key jobs figures later in...

Byrne Looby signs JV deal with Asco Consulting 08 Jan 2014 - 07:02 am

DOHA: Ireland-based international engineering services provider Byrne Looby Partners has announced a joint venture partnership with Asco Consulting Engineers. With Asco’s 40 years’...

Samsung sees steep drop in Q4 earnings 08 Jan 2014 - 07:02 am

SEOUL: South Korea’s Samsung said yesterday it expected a steep drop in its operating profit for the fourth quarter of 2013, as slowing...

Irish PM seeks investments from Qatar 08 Jan 2014 - 05:10 am

The Minister of Economy and Trade H E Sheikh Ahmed bin Jassim bin Mohamed Al Thani, the Prime Minister of Ireland Enda Kenny,...

Output from Libya’s Sharara oilfield climbs 07 Jan 2014 - 11:15 pm

TRIPOLI: Output at Libya’s El Sharara oilfield rose more yesterday to over two thirds of full capacity and a pipeline shipping condensate —...

Ikea abandons target of doubling sales in 8 years 07 Jan 2014 - 11:14 pm

STOCKHOLM: Swedish furniture giant Ikea said yesterday it had dropped its target of doubling sales between the 2012-2013 fiscal year and 2020. “Our...

Jarir Marketing Q4 profit rises 16 percent 07 Jan 2014 - 11:14 pm

DUBAI: Saudi Arabia retailer Jarir Marketing posted a 16 percent rise in fourth-quarter net profit yesterday, slightly above estimates as sales of smart...

Qatari bourse index adds 14.20 points 07 Jan 2014 - 11:13 pm

Doha: Qatar Exchange pursued its upswing trend yesterday adding 14.20 points, or 0.13 percent to advance to 10,798.69 points from 10,784.49 on Monday....

EU official says China’s financial sector largely closed 07 Jan 2014 - 11:13 pm

BEIJING: China’s financial sector is not open enough to foreign participation and key obstacles remain to investment, a top European Union official said...

Turkey sees impact of graft probe on economy 07 Jan 2014 - 11:13 pm

ISTANBUL: Uncertainty caused by Turkey’s corruption scandal could hit economic growth in the near term, Finance Minister Mehmet Simsek said yesterday, while ratings...

Sri Lanka raises $1bn in debt sale 07 Jan 2014 - 11:12 pm

COLOMBO: Sri Lanka said yesterday it had raised $1bn through a sovereign bond issue despite a warning by the International Monetary Fund against...

Doha Insurance gets regulatory nod for float 07 Jan 2014 - 08:54 am

DOHA: Doha Insurance received regulatory approval for the issuance of 24.26 million new shares to shareholders through a rights issue. The company would...

Turkish lira at new low 07 Jan 2014 - 08:54 am

Tourists check rates outside a currency exchange office in central Istanbul yesterday. ANKARA: The Turkish lira plunged to a new low against the...

World’s first Internet-connected toothbrush makes debut at CES 07 Jan 2014 - 08:53 am

The Kolibree toothbrush, the world’s first Internet-connected toothbrush, on display at CES in Nevada, Las Vegas, yesterday. LAS VEGAS: Brush smarter. That’s the...