Business

Japan premier: Stimulus spending not forever 29 Jan 2013 - 12:48 am

TOKYO: Japanese Premier Shinzo Abe pledged yesterday he would not keep stimulus spending “forever” in a policy speech ahead of a budget that...

Starbucks denies talks 29 Jan 2013 - 12:48 am

A Starbucks coffee chain branch in central London, yesterday. Starbucks has rejected reports it has held talks with government officials over fears it...

Qatar Exchange index adds 24.58 points 29 Jan 2013 - 12:47 am

Doha: Qatar Exchange index yesterday added 24.58 points (0.28 percent) to advance to 8,665.19 points from 8,640.61 on Sunday. The volume of the...

UK upholds fine for Swift Trade 29 Jan 2013 - 12:47 am

LONDON: A British court has upheld the Financial Services Authority’s £8m ($13m) fine for Canadian trading firm Swift Trade, the British watchdog’s largest...

Tasdeer team to visit Arab Health Exhibition 29 Jan 2013 - 12:46 am

Doha: Representatives of Tasdeer, Qatar’s export development agency, will visit Arab Health Exhibition to encourage the Qatari companies to expand into the global...

Italty bank recapitalisation 28 Jan 2013 - 12:42 am

A view of the Salone Strozzi inside Italy’s Monte dei Paschi di Siena (MPS) bank building. Shareholders of the world’s oldest bank approved...

ENOC replaces Iran with Qatari supplies 28 Jan 2013 - 12:42 am

DUBAI: Emirates National Oil Co (ENOC) has started importing condensate from Qatar to replace sanctioned Iranian oil and is close to finalising deals...

Commercialbank records net profit of QR2.012bn 28 Jan 2013 - 12:41 am

DOHA: Commercialbank of Qatar has recorded a net profit of QR2.012bn, up seven percent for the full year 2012, compared with the same...

Masraf Al Rayan posts QR1.52bn net profit 28 Jan 2013 - 12:41 am

DOHA: Masraf Al Rayan has posted a net profit of QR1.52bn for the full year 2012, an increase of 7.9 percent compared to...

China economy on growth trajectory 28 Jan 2013 - 12:40 am

A woman with shopping bags poses for a picture in front of “Sanlitun Village”, a fashionable shopping area in Beijing, yesterday. China’s economy...

SPAR International to open shops in Qatar 28 Jan 2013 - 12:39 am

DOHA: Dutch food retailer SPAR International is set to open two stores in Qatar. With over 12,000 stores worldwide, the retailer is aiming...

GCC power output to reach 170,000MW by 2019 28 Jan 2013 - 12:39 am

DOHA: The installed power generating capacity in the GCC is forecast to reach 170,000MW by 2019, according to the latest data from Meed...

Yemen can cut interest rates gradually: IMF 28 Jan 2013 - 12:39 am

DUBAI: Yemen has room to gradually reduce interest rates to support economic recovery and needs to focus on consolidating its public finances, an...

Southern Iraq or Kurdistan: Iraq tells ExxonMobil to choose 28 Jan 2013 - 12:38 am

BAGHDAD: Iraq has told ExxonMobil it must choose between working in its southern oil fields or in Kurdistan, and Baghdad expects the US...

Iraq, Kuwait ink oil exploration deal 28 Jan 2013 - 12:37 am

Officials of Dragon Oil and Kuwait Energy sign documents for an energy exploration deal with Iraq in Baghdad yesterday. BAGHDAD: Iraqi energy officials...

Qatari bourse index loses 49.15 points 28 Jan 2013 - 12:37 am

Doha: Qatar Exchange index lost 49.15 points or 0.57 percent to hit 8,640.61 from the previous closing of 8,689.76 points. The volume of...

Banks in UAE hope mortgage caps will curb speculation 28 Jan 2013 - 12:37 am

DUBAI: The Emirates Banks Association (EBA) is discussing proposed caps on mortgages with the United Arab Emirates’ central bank, hoping to raise the...

India expected to cut rates after nine months 28 Jan 2013 - 12:36 am

NEW DELHI: India’s central bank is expected to cut interest rates this week for the first time in nine months in response to...