Business

Oil prices near eight-month low on demand worries 10 Apr 2013 - 01:07 am

LONDON: Brent crude oil steadied below $105 per barrel yesterday, close to an eight-month low, as investors worried faltering global growth and recession...

Kuwait oil workers protest 10 Apr 2013 - 01:02 am

Kuwaiti workers in the oil sector hold placards reading in Arabic ‘When will promises be fulfilled?’ as they stage a protest in Kuwait...

FBI probe into insider trading rattles KPMG 10 Apr 2013 - 01:02 am

Washington: In a case that could shake one of the world’s largest accounting firms, KPMG said it resigned as auditor of two U...

US Treasury chief urges strong EU countries to spur growth 10 Apr 2013 - 01:01 am

BERLIN: US Treasury Secretary Jacob Lew urged Europe’s strongest economies to help spur growth after talks yesterday in Germany and France, as Portugal...

Austria joins Luxembourg for EU bank secrecy talks 10 Apr 2013 - 01:01 am

VIENNA/LONDON: Austria will join Luxembourg for talks with the European Union on how to crack down on cross-border tax cheats, Chancellor Werner Faymann...

Qatar Exchange index sheds 2.37 points 10 Apr 2013 - 01:01 am

Doha: Qatar Exchange index dropped 2.37 points or 0.03 percent yesterday to 8,518.34 points from the previous closing of 8,520.71. The volume of...

Saudi banks beat Q1 profit forecast 10 Apr 2013 - 01:00 am

DUBAI: Saudi Hollandi Bank and Saudi British Bank (SABB) beat estimates for first-quarter net profit, with both lenders attributing the growth in earnings...

UAE introduces direct debit system for banks 10 Apr 2013 - 01:00 am

DUBAI: The United Arab Emirates central bank said yesterday it was introducing a direct debit system for commercial banks, a step which could...

Cyprus economy limps back 10 Apr 2013 - 12:57 am

Workers on a scaffolding after restart of construction projects in Nicosia, Cyprus, yesterday. The long bank closure throughout the island has severely affected...

Spain economy faring better than last year 10 Apr 2013 - 12:57 am

MADRID: Spain’s economy is faring a little better after an end-2012 slump and growth could even return by the end of the year,...

Fresh gasoil from Russia reaches Syria 10 Apr 2013 - 12:56 am

LONDON: A fresh delivery of Russian gasoil has reached a government-controlled port in Syria this month, according to shipping sources and tracking data,...

Kerry promises support for Palestinian economy 10 Apr 2013 - 12:56 am

TEL AVIV: US Secretary of State John Kerry said yesterday he had agreed to work with Israeli and Palestinian leaders to boost economic...

Yen rallies ending three-day drop 10 Apr 2013 - 12:55 am

NEW YORK: The yen rallied yesterday, snapping a three-day decline against the dollar as it neared 100 to the US currency, while expectations...

Jordan, Iraq sign oil-gas pipeline deal, says report 10 Apr 2013 - 12:55 am

AMMAN: An Iraqi official said yesterday Amman and Baghdad have signed a deal to extend an $18bn pipeline to the Red Sea city...

Al Sada inaugurates hi-tech drilling rig 09 Apr 2013 - 01:06 am

The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada, Chairman of GDI Saad Sherida Al Kaabi, CEO of...

Infrastructure spending pays off, says QFC report 09 Apr 2013 - 01:01 am

FROM LEFT: Gwyn Roberts, QFC Authority Chief Strategic Development Officer, Yousuf Mohammed Al Jaida, QFC Authority CEO and Board Member Shashank Srivastava and...

Qatar to invest $200bn in major projects 09 Apr 2013 - 01:00 am

Board Member and Managing Director of Qatar Financial Centre Authority, Abdulrahman Al Shaibi, addressing the Bloomberg conference yesterday. Abdul Basit DOHA: The hydrocarbons-rich...

Qatar First Bank bids for US Navy building 09 Apr 2013 - 12:56 am

DOHA: PCP Capital Partners, an investment house run by British dealmaker Amanda Staveley and Qatar First Bank, have submitted a £250m ($383.79m) bid...