Business

Energy summit to debate MENA opportunities 17 Mar 2013 - 01:53 am

DOHA: Qatar is set to host the 4th Annual Qatar Alternative Energy Investors Summit. The two-day event, scheduled to open on March 24,...

UAE for speedy review of bank rules 17 Mar 2013 - 01:53 am

DUBAI: UAE’s central bank yesterday said it wanted to finalise a review of regulations on mortgages, banks’ loan exposure and liquidity to make...

Enterprise Qatar to hold free workshops for SMEs 17 Mar 2013 - 01:53 am

DOHA: Enterprise Qatar (EQ) will launch a series of free workshop-training sessions for small and medium enterprises (SMEs) and their managerial teams to...

US spending cuts have limited impact on GDP growth: QNB 17 Mar 2013 - 01:52 am

Doha: The US sequester was the last unfinished instalment of the so called ‘fiscal cliff’, wherein automatic government spending cuts are put in...

Buildings to get energy monitoring system 17 Mar 2013 - 01:52 am

DOHA: Qatar is set to install a next-generation sustainable resource and energy management monitoring system on over a dozen buildings with the support...

IMF rescue deal shocks Cypriots 17 Mar 2013 - 01:48 am

A man withdraws money from an automatic teller machine at a branch of Bank of Cyprus, in Athens, yesterday. NICOSIA: Residents of Cyprus...

Government in race to ratify bank deposit tax 17 Mar 2013 - 01:48 am

LARNACA, Cyprus: The Cypriot government was in a race against the clock yesterday to push through a deeply unpopular levy on all deposits...

Kuwait’s Gulf Bank gets new chairman 17 Mar 2013 - 01:47 am

Gulf Bank’s new Chairman Omar Qutayba Al Ghanim (right) sits next to outgoing Chairman Mahmoud Al Nouri ahead of the bank’s annual general...

Airbus wins $9.3bn Turkish Airlines deal for A320 jets 17 Mar 2013 - 01:44 am

TOULOUSE, France: Airbus has won an order from Turkish Airlines for 82 A320-series planes worth $9.3bn at list prices, capping a week in...

JPMorgan bullied US regulators: Testimony 17 Mar 2013 - 01:44 am

WASHINGTON: When bank regulators wanted daily profit and loss statements from JPMorgan Chase’s investment division, the bank initially refused. When examiners issued recommendations...

China’s central bank chief to spur reforms 17 Mar 2013 - 01:44 am

BEIJING: Zhou Xiaochuan’s grey hair identifies the Chinese central bank chief as someone willing to do things a bit differently to the ranks...

Britain to close offshore payroll tax loophole 17 Mar 2013 - 01:43 am

LONDON: Britain will close a loophole that has allowed some employers to avoid paying payroll taxes by routing wages through overseas intermediaries, the...

Dreamliner to be back in service soon: Boeing 15 Mar 2013 - 11:42 pm

Boeing Vice-President and 787 Dreamliner Chief Production Engineer Mike Sinnett with a model of Boeing’s 787 Battery Design Improvements at a news conference...

US manufacturing output bounces back; CPI rises 15 Mar 2013 - 11:41 pm

WASHINGTON: U S manufacturing output bounced back in February, the latest signal of strength in an economy that is showing clear momentum despite...

Abe pushes for Pacific trade pact 15 Mar 2013 - 11:41 pm

TOKYO: Japan’s hard-charging prime minister yesterday said he wanted in on talks to forge a huge trade pact, the latest bold move from...

IMF urges EU to clean up banks’ balance sheet 15 Mar 2013 - 11:40 pm

WASHINGTON: The International Monetary Fund said yesterday that the European economy and financial system remained weak and urged the region to quickly clean...

Porsche scores record results 15 Mar 2013 - 11:39 pm

Matthias Mueller, Chairman of the sports car builder Porsche, stands next to a Porsche Carrera 4S at the balance sheet press conference at...

Cyprus bailout seen shrinking 15 Mar 2013 - 11:39 pm

BRUSSELS: International lenders are aiming to give Cyprus a bailout of close to ¤10bn, less than initially expected, with taxes imposed on Cypriot...