Business

Deal with debt ceiling drama: Fitch warns US 16 Jan 2013 - 12:44 am

PARIS: Fitch ratings agency issued a strong warning to the US yesterday to deal with its recurrent debt-ceiling dramas in a way which...

Qatar faces dilemma over new US tax law 15 Jan 2013 - 06:51 am

The Governor of Qatar Central Bank, H E Sheikh Abdullah bin Saoud Al Thani, addressing the forum on ‘Impact of the US Law...

First-of-its-kind barge named 15 Jan 2013 - 06:50 am

From right: The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada, the Managing Director and CEO of RasGas...

BMW records strong sales growth last year 15 Jan 2013 - 06:49 am

DOHA: Alfardan Automobiles has recorded a considerable growth in the sale of top BMW Group models in 2012. The flagship BMW 7 Series...

NDSQ forays into luxury yacht market 15 Jan 2013 - 06:48 am

DOHA: Driven by the region’s growing demand for luxury yachts, Nakilat Damen Shipyards Qatar (NDSQ) is foraying into the yacht building sector. The...

Russian gas line opened 15 Jan 2013 - 06:47 am

From left: Deputy Minister of Energy of the Russian Federation Anatoly Janovsky, State Secretary of German Federal Ministry of Economy and Technologies Anne...

Abu Dhabi plans $90bn boost for infrastructure 15 Jan 2013 - 06:47 am

DUBAI: Abu Dhabi plans to spend Dh330bn ($90bn) on development projects over the next five years, the emirate’s Executive Council said in a...

Indian inflation dips; hope up for rate cut 15 Jan 2013 - 06:47 am

MUMBAI: Indian inflation eased marginally in December to 7.18 percent year-on-year, data showed yesterday, raising expectations of an interest rate cut when the...

France, Turkey plan major Airbus order 15 Jan 2013 - 06:46 am

PARIS: France and Turkey will discuss a possible order for almost 150 Airbus passenger jets during a visit by French Trade Minister Nicole...

World shares steady as euro hits 11-month high 15 Jan 2013 - 06:46 am

LONDON: The euro hit an 11-month high against the dollar yesterday as fading prospects of an interest rate cut in Europe bolstered demand,...

Iran may bid for Turkish gas grid 15 Jan 2013 - 06:45 am

ISTANBUL: Iran’s national gas company may bid for a Turkish natural gas distributor and has sought the preliminary documents in the privatisation tender,...

Weekly Money Market Review with IBQ: Positive sentiment hikes Europe’s single currency 15 Jan 2013 - 01:18 am

After the good performance of financial markets since the beginning of the year, the FX markets eased back from recent peaks, as the...

Abu Dhabi plans $90bn boost for infrastructure 15 Jan 2013 - 01:15 am

DUBAI: Abu Dhabi plans to spend Dh330bn ($90bn) on development projects over the next five years, the emirate’s Executive Council said in a...

World shares steady as euro hits 11-month high 15 Jan 2013 - 01:13 am

LONDON: The euro hit an 11-month high against the dollar yesterday as fading prospects of an interest rate cut in Europe bolstered demand,...

Austrian Airlines stops flying to Tehran 15 Jan 2013 - 01:13 am

VIENNA: Austrian Airlines yesterday said that it has stopped flying to Tehran because of the economic situation in Iran. The subsidiary of German...

Iran may bid for Turkish gas grid 15 Jan 2013 - 01:12 am

ISTANBUL: Iran’s national gas company may bid for a Turkish natural gas distributor and has sought the preliminary documents in the privatisation tender,...

China to hike foreign investment quota 15 Jan 2013 - 01:08 am

Hong Kong: China could increase 10-fold the quota for foreign investors putting money into the country’s stock markets, the head of its securities...

QNB shares suffer largest one-day drop 15 Jan 2013 - 01:07 am

DOHA: Shares in Qatar National Bank (QNB) made their largest one-day drop in 12 months yesterday as investors reacted to flat profit growth...