Business

Britain eases rules for new banks 27 Mar 2013 - 06:37 am

LONDON: Start-up banks in Britain will not need as much capital as their established rivals starting from April, Britain’s Financial Services Authority (FSA)...

Next Media’s plan to sell Taiwan printing operations in doubt 27 Mar 2013 - 06:37 am

TAIPEI: Hong Kong media tycoon Jimmy Lai’s Next Media yesterday said that controversial plans to sell its Taiwan print operations are likely to...

BRICS seeks deal to set up new development bank 27 Mar 2013 - 06:37 am

DURBAN, South Africa: BRICS emerging powers yesterday sought a deal on setting up a development bank that would rival Western-backed institutions, trying to...

Microsoft faces new challenge from open source group 27 Mar 2013 - 06:36 am

MADRID: A Spanish association representing open-source software users has filed a complaint against Microsoft Corp to the European Commission, in a new challenge...

Weekly Commodity Update: Cyprus impact on commodities 27 Mar 2013 - 06:29 am

By Ole Hansen (Senior Commodity Strategist, Saxo Bank) The Eurozone debt crisis came back to the fore this week with the crisis in...

Techno Blue opens hi-tech showroom in Al Khor 27 Mar 2013 - 06:28 am

The President of Samsung Gulf Electronics, Y S Kim, and Chairman of Techno Blue, Nabil A R Abu Issa, during the opening ceremony....

Protests pull Egyptian bourse to 15-week low 27 Mar 2013 - 06:25 am

DUBAI/Doha: Ongoing selling pressure from foreign investors on Egypt’s gloomy political and economic outlook dragged the bourse down to a 15-week low, while...

Egypt plans to apply gains tax in QNB bid for NSGB 27 Mar 2013 - 06:24 am

CAIRO: Shareholders and investment funds that make capital gains from Qatar National Bank’s (QNB) bid for Cairo-based National Societe Generale Bank (NSGB) will...

Cyprus banks remain shuttered 27 Mar 2013 - 06:22 am

Cypriot students shout slogans during an anti-bailout protest outside the presidential palace in Nicosia yesterday. NICOSIA: Cyprus reversed a decision to reopen some...

UK spot gas prices stay high on cold weather 27 Mar 2013 - 06:21 am

A man uses a shovel to clear snow from his car in Llangollen, north Wales, yesterday as thousands in Scotland and Northern Ireland...

Britons seek euro transfer 27 Mar 2013 - 06:21 am

LONDON: Financial advisory firm deVere Group yesterday reported a “surge” in the number of British expats seeking advice about moving funds out of...

Dubai Airport handled 5 million passengers in Feb 27 Mar 2013 - 06:20 am

DUBAI: Passenger traffic at Dubai’s main airport surpassed 5 million people in February, rising 11.4 percent from a year earlier, airport authorities said...

Aramco says committed to China refinery project 27 Mar 2013 - 06:19 am

BEIJING: Saudi Aramco, the world’s biggest oil producer, remains “committed” to plans to build a 200,000 barrels-per-day (bpd) refinery in the southwestern Chinese...

QNCC plans to boost production 27 Mar 2013 - 02:16 am

Qatar National Cement Company Chairman and Managing Director, Salem bin Butti Al Naimi (centre), addressing the company’s annual ordinary general assembly yesterday. Ibrahim...

Self-sufficient village 26 Mar 2013 - 06:33 am

Wind turbines and a biogas plant at the German village of Feldheim yesterday. Feldheim, a 60-minute drive south of Berlin and home to...

Govt spending set to fuel growth of QNB 26 Mar 2013 - 06:33 am

By Satish Kanady DOHA: Qatar’s top banker QNB is expected to be the biggest beneficiary of the government’s substantial spending on infrastructure projects,...

Doha Bank rights issue oversubscribed 1.8 times 26 Mar 2013 - 06:31 am

DOHA: Doha Bank said yesterday its rights issue is oversubscribed 1.8 times and added it would soon be refunding excess amounts to subscribers...

Develop quality renewable energy projects: Experts 26 Mar 2013 - 06:29 am

Head of Origination and Asset Management at MASDAR Daniel Calderon (left) and Head of Development Cooperation, International Solar Energy Research Center Konstanz (ISC...