Business

Oil falls towards $108 on potential Libyan ports restart 14 Dec 2013 - 05:25 am

LONDON: Brent crude oil fell towards $108 a barrel yesterday on prospects for ports in eastern Libya to resume exports and a possible...

Central bank chief wants lower Aussie dollar 14 Dec 2013 - 05:25 am

SYDNEY: The Australian dollar slumped below 90 US cents yesterday after central bank governor Glenn Stevens said he wanted to see it at...

Portugal won’t need a second bailout: PM 14 Dec 2013 - 05:25 am

LISBON: Portuguese Prime Minister Pedro Passos Coelho said his debt-wracked nation would be able to return to the financial markets without having to...

Dollar, euro hit five-year high on Fed taper talks 14 Dec 2013 - 05:24 am

TOKYO: The dollar and euro hit five-year highs against the yen in Asia yesterday as investors bet that the US Federal Reserve will...

EU watchdog eases bank bonus rules 14 Dec 2013 - 05:24 am

LONDON: Bankers in the European Union earning more than ¤500,000 ($688,000) a year may be excluded from a cap on their bonuses if...

Ford to open plants in China and Brazil, add 5,000 jobs in US 14 Dec 2013 - 05:23 am

DETROIT: US automaker Ford said it will open two new plants in China and a third in Brazil next year while adding more...

Egypt regulator to retry sukuk rules early next year 14 Dec 2013 - 05:23 am

CAIRO: Egypt’s financial regulator will submit new rules to the government in January to facilitate issuance of sukuk, or Islamic bonds, as part...

Spain’s public debt hits new record in third quarter 14 Dec 2013 - 05:23 am

MADRID: Spain’s public debt, which has risen unchecked for the past five years of economic crisis, hit a new record of 93.4 percent...

Qatar Shell signs deals with three local firms 13 Dec 2013 - 08:16 am

Officials at the press conference in Doha. DOHA: In association with Qatar Development Bank (QDB) to help bolster Qatar’s private sector, Qatar Shell...

China’s automobile sales rise 13 Dec 2013 - 08:15 am

Visitors pass by a SUV on display at the Shanghai Auto Parts and Service Expo in Shanghai city. China’s automobile sales rose 14.1...

DCY200 arrives at Qatalum 13 Dec 2013 - 08:14 am

DOHA: Qatalum has acquired the 200-tonne capacity self-elevating multi-wheeler vehicle (DCY200). The equipment is used to transport cathodes and pot superstructures during relining....

QE market cap rises to QR559.48bn 13 Dec 2013 - 08:13 am

DOHA: Qatari stocks marginally gained last week with the main index of the bourse looking up 97.13 points, or 0.93 percent, to 10,486.23...

Gulf states plan cruise alliance 13 Dec 2013 - 08:13 am

ABU DHABI: Two Gulf Arab countries aim to take on the Caribbean as it seeks to become a major destination for cruise tourism,...

Europe bourses extend slide 13 Dec 2013 - 08:12 am

PARIS: European stocks extended a two-week sell-off yesterday as investors booked profits, wary that the US Federal Reserve will start winding down its...

Innovative approach could expand sukuk issuer base 13 Dec 2013 - 08:12 am

LONDON: Market participants are predicting an increase in sukuk issuance in the Gulf region over the next two years, as innovative structures expand...

IFSB issues guidelines on capital adequacy, takaful 13 Dec 2013 - 08:11 am

SYDNEY: The Kuala Lumpur-based Islamic Fina-ncial Services Board (IFSB) has published guidelines on capital adequacy for Islamic banks and risk management of takaful,...

Record profits for airlines seen 13 Dec 2013 - 08:11 am

GENEVA: Airlines are expected to post record profits in 2014, the International Air Transport Association said yesterday, citing sliding oil prices and mergers...

FEED contract for Al Sejeel project signed 13 Dec 2013 - 06:43 am

H E Dr Mohammed bin Saleh Al Sada with other officials after the signing ceremony. DOHA: Qatar Petroleum (QP) and Qatar Petrochemical Company...