Business

Windows 8 sales hit 40 million, says Microsoft 29 Nov 2012 - 12:53 am

SAN FRANCISCO: Microsoft said that it sold 40 million licenses for its Windows 8 operating system in the first month after a launch...

Spain to overhaul banking sector 29 Nov 2012 - 12:48 am

MADRID: Spain advanced yesterday with a major overhaul of its stricken banking sector after Brussels approved EU-funded restructuring plans, while nationalised Bankia announced...

UK firm claims biggest engine breakthrough since the jet 29 Nov 2012 - 12:48 am

LONDON: A small British company with a dream of building a re-usable space plane has won an important endorsement from the European Space...

Ukraine admits $1bn gas deal mistake 29 Nov 2012 - 12:47 am

KIEV/MADRID: Ukraine admitted it had signed a $1.1bn gas terminal deal with an unauthorised man it thought was acting for Gas Natural Fenosa,...

Jordan to get aid cash from Gulf states 29 Nov 2012 - 12:45 am

AMMAN: Saudi Arabia is about to deposit $250m with Jordan’s Central Bank as part of an $800m planned contribution to help the country’s...

Qatari bourse index rises by 0.41 percent 29 Nov 2012 - 12:45 am

Doha: Qatar Exchange ended in the green yesterday adding 34.57 points (or 0.41 percent) to advance to 8,435.29 points from 8,400.72 on Tuesday. ...

Gulf Air selects SITA for network connectivity 29 Nov 2012 - 12:44 am

Manama: Gulf Air, the national carrier of the Kingdom of Bahrain and SITA, have signed an agreement that will allow Gulf Air to...

Global Finance honours NBK 29 Nov 2012 - 12:43 am

DOHA: National Bank of Kuwait (NBK) was recognised as the Best Foreign Exchange Provider in Kuwait and the Middle East 2013 in an...

Nakilat-Keppel wins Ship Repair award 28 Nov 2012 - 12:02 am

N-KOM CEO Abu Bakar Mohammed Nor receiving the award from Executive Vice-President of ClassNK Toshitomo Matsui (left) at the Seatrade Awards ceremony. Doha:...

Growth set for sharp slowdown: OECD 28 Nov 2012 - 12:01 am

PARIS: Global growth is set for a sharp slowdown next year and the eurozone debt crisis “remains the greatest threat to the world...

Gulf regulators seek guidance on Basel III 28 Nov 2012 - 12:01 am

ABU DHABI: Gulf regulators are seeking advice from a committee that wrote stricter rules on bank capital being introduced on January 1 to...

Five QInvest senior managers leave following CEO 28 Nov 2012 - 12:00 am

DOHA: Five senior managers at QInvest, the Qatari investment bank forming a joint venture with Egypt’s EFG-Hermes, have left the firm following the...

Britain shows strong growth 28 Nov 2012 - 12:00 am

LONDON: Britain’s economy emerged from recession in the third quarter with robust growth of 1.0 percent, official data confirmed yesterday, in what was...

QIB wins Al Dhameen awards 27 Nov 2012 - 11:59 pm

QIB’s SME officials with Abdulaziz Nasser Al Khalifa, Executive Director, Strategic Planning and Control at QDB. Doha: QIB, the leading Islamic bank in...

Eurozone, IMF save Greece with debt deal 27 Nov 2012 - 11:58 pm

ATHENS: The eurozone and IMF saved Greece with a re-drawn rescue to avert bankruptcy and to cut the debt mountain yesterday which Greek...

HBK bags raft foundation deal from Msheireb 27 Nov 2012 - 11:58 pm

Doha: Msheireb Properties, Qatar’s leading sustainable developer, yesterday announced that it had awarded the contract for the construction of the raft foundations of...

Kuwaiti lender KFH eyes 20pc capital hike 27 Nov 2012 - 11:56 pm

KUWAIT: Kuwait Finance House (KFH), the state’s largest Islamic lender, will recommend a 20 percent capital hike to shareholders, the company said in...

Mittal, Hollande talks 27 Nov 2012 - 10:36 pm

ArcelorMittal’s factory in Dunkirk, northern France. French President Francois Hollande was due to hold key talks with steel tycoon Lakshmi Mittal over a...