Business

Air Arabia Q4 net profit rises 6pc 17 Feb 2013 - 04:52 am

ABU DHABI: UAE budget carrier Air Arabia reported a 6 percent rise in fourth quarter net profit yesterday, helped by a rise in...

QNB Group: Has gold lost its appeal? 17 Feb 2013 - 04:51 am

QNB Group: Has gold lost its appeal? Doha: Gold prices have been one of the strongest performing investments this decade, rising from $282...

BlackBerry co-founder sells entire stake 16 Feb 2013 - 05:10 am

The BlackBerry ticker is displayed on a screen at the post that trades the stock on the floor of the New York Stock...

US chemical firms eye gains from trade talks with EU 16 Feb 2013 - 05:10 am

WASHINGTON: US chemical companies, already riding a wave of lower production costs because of the United States’ natural gas boom, see additional gains...

Chrysler recalls 4,278 sports cars on airbag issue 16 Feb 2013 - 05:09 am

New Delhi: The sale of counterfeit and smuggled products and tax evasion in seven key sectors that include auto, fast moving consumer goods,...

European stocks close mostly down, Wall street flat 16 Feb 2013 - 05:09 am

LONDON: European shares nudged lower yesterday, held back by weak utilities and banks, though strategists reckoned that any dips in the equity markets...

Cameron may fly into Shell India tax dispute 16 Feb 2013 - 05:08 am

LONDON: Oil company Royal Dutch/Shell has asked the British government to raise the subject of a tax dispute with India during Prime Minister...

Fake products caused $48.2bn loss to Indian exchequer: Study 16 Feb 2013 - 05:07 am

New Delhi: The sale of counterfeit and smuggled products and tax evasion in seven key sectors that include auto, fast moving consumer goods,...

Cameron may fly into Shell India tax dispute 16 Feb 2013 - 05:07 am

LONDON: Oil company Royal Dutch/Shell has asked the British government to raise the subject of a tax dispute with India during Prime Minister...

G20 seeks to banish currency war spectre 16 Feb 2013 - 05:06 am

MOSCOW: Finance ministers from G20 states gathered yesterday in Moscow for their first meeting in the Russian capital aimed at reassuring markets that...

Vatican’s new bank chief has military ship links 16 Feb 2013 - 05:05 am

VATICAN CITY: The Vatican was drawn into a new controversy over its embattled bank yesterday after acknowledging that the institution’s new president is...

Apple challenges trademark ruling 16 Feb 2013 - 05:04 am

Rio de Janeiro: Apple has filed a challenge with Brazil’s INPI trademark and patent office in a bid to secure the right to...

Eni reassures investors with buoyant outlook, profits 16 Feb 2013 - 05:03 am

MILAN: Italian oil and gas major Eni delivered an upbeat production outlook yesterday after output rose in the final quarter of 2012, driving...

India hopes to seal EU free trade deal by April 16 Feb 2013 - 05:03 am

NEW DELHI: India expects to sign a “balanced and ambitious” free trade agreement with the European Union by April, an official statement said...

US airlines unveil $11bn merger 15 Feb 2013 - 11:20 am

NEW YORK: AMR Corp and US Airways Group unveiled an $11bn all-stock deal yesterday that gives creditors of the bankrupt American Airlines parent...

QE sees GCC’s highest foreign investment inflow in 2012 15 Feb 2013 - 11:20 am

DOHA: Despite the GCC market seeing a sluggish foreign investment and a drop in IPOs in 2012, Qatar Exchange witnessed an inflow of...

Qatar Exchange market cap rises to QR476.77bn 15 Feb 2013 - 11:19 am

DOHA: The Qatar Exchange’s (QE) main index gained 35.25 points, or 0.40 percent, during the week to close at 8,792.84 points. Trading value...

Berkshire, 3G to acquire Heinz in $28bn deal 15 Feb 2013 - 11:17 am

WASHINGTON: Billionaire Warren Buffett’s investment powerhouse Berkshire Hathaway and 3G Capital announced yesterday that they would take over venerable US ketchup maker Heinz...