Business

NEW YORK: Gold jumped on the last trading day of 2012 to finish up 6 percent on the year on news of a...

  DOHA: The year 2012 wasn’t quite good for the Qatari bourse, but investors can look forward to an eventful 2013 as a slew...

LONDON: European stocks were set to rack up their best yearly gain since 2009 yesterday but the outlook was worsening due to the...

DUBAI: Dubai has released a 2013 budget plan that would raise spending moderately while cutting the size of its deficit by 18 percent,...

CHICAGO: US media conglomerate Tribune Co exited bankruptcy yesterday after four years of court supervision, with the future of its assets including The...

  SANAA: Yemen’s main oil pipeline, damaged in repeated bombings by armed men, resumed pumping crude yeterday after repairs, sources at state-run Safer oil...

South Korea’s No 2 shipbuilder Samsung Heavy Industries’ shipbuilding yard in Geoje, about 470km southeast of Seoul. Samsung Heavy Industries said an Asian...

CAIRO: Egypt’s pound fell to a record low yesterday as the president signalled his government would allow it to depreciate slowly for several...

  SINGAPORE: Singapore likely slipped into recession in the three months to December, analysts said yesterday, as data showed growth in 2012 came in...

London: Britain is expected to lose its gold-plated AAA credit rating this year, dealing a blow to the Chancellor (finance minister) George Osborne’s...

DUBAI: Last September, people lined up for hours in a square outside the headquarters of leading Dubai real estate developer Emaar Properties, waiting...

BEIJING: China’s manufacturing activity surged to a 19-month high in December, British bank HSBC said yesterday, adding to signs of recovery in the...

Qatar Exchange CEO Rashid bin Ali Al Mansoori (left) exchanges documents with Dr Hatem Al Qaranshawi at Qatar Exchange yesterday. (Kammutty VP) DOHA:...

DOHA: Qatar’s gross domestic product (GDP), adjusted for inflation, rose 3.9 percent from a year earlier in third quarter (Q3) 2012. Compared to...

DUBAI: District cooling firm Tabreed  has agreed to issue Dh1.13bn ($308m) in convertible bonds to Abu Dhabi fund Mubadala on December 31, the...

Doha: Qatar Exchange slipped 10.85 points or 0.13 percent yesterday to 8,300.37 points from the previous closing of 8,311.22 points.  The volume of...

CAIRO: The Egyptian pound hit a record low against the dollar yesterday as worried Egyptians shifted their money out of local currency after...

  DOHA: Lindner Depa Interiors (LDI) has rebutted Qatar Airways’ claim that it is responsible for major delays to the opening of the New...