Business

Oil prices climb on Libya violence 29 Dec 2014 - 05:47 pm

Oil prices rise on Libyan violence LONDON - Oil prices rose Monday as fresh violence in crude producer Libya stoked concerns about possible...

EU urges Greek voters to back economic reforms 29 Dec 2014 - 05:09 pm

BRUSSELS - The EU's economic affairs commissioner Pierre Moscovici urged Greek voters Monday to back economic reforms as the country headed for snap...

Struggling Croatia to elect president in run-off 29 Dec 2014 - 05:03 pm

Croatia’s incumbent President Ivo Josipovic casts his ballot at a polling station in Zagreb on December 28, 2014 ZAGREB - Croatia will choose...

Russian economy shrinks for first time since 2009 29 Dec 2014 - 02:15 pm

MOSCOW,--Russia's economy shrank in November for the first time in five years, the government said on Monday, as sliding oil prices and Western...

Athens stock plunges ahead of final presidential vote 29 Dec 2014 - 12:49 pm

ATHENS--Greek stocks plunged at the opening on Monday ahead of a final parliamentary vote to choose a new president and avert a snap...

European stocks open mixed after holiday break 29 Dec 2014 - 11:33 am

LONDON---Europe's main stock market opened mixed on Monday following the holiday break, with London gaining solidly and Frankfurt dipping. London's benchmark FTSE 100...

Oil prices rise on violence in Libya 29 Dec 2014 - 11:28 am

SINGAPORE---Oil prices rose in Asia Monday as fresh violence in Libya stoked concerns about possible supply disruptions, analysts said. West Texas Intermediate for...

QNB wins two customer experience awards 29 Dec 2014 - 01:53 am

QNB official receiving the award. Doha: QNB has won two prestigious awards, “Best Customer Experience — Overall Bank in Qatar”, and “Best Customer...

AirAsia confronts first major crisis 29 Dec 2014 - 01:52 am

KUALA LUMPUR: Malaysian mogul Tony Fernandes (pictured), who transformed a floundering carrier into Asia’s biggest budget airline, faces his first major crisis after...

Al Khaliji gives lessons on private banking at QU 29 Dec 2014 - 01:49 am

Doha: Al Khalij Commercial Bank’s Head of Private Banking Arfat Qayyum addressed students of Qatar University — College of Business and Economics, during...

IBB gets nod to change name to Al Rayan Bank 29 Dec 2014 - 01:32 am

DOHA: Islamic Bank of Britain plc (IBB), the UK’s sole wholly Shariah-compliant retail bank, yesterday announced that formal shareholders’ approval has been granted...

Russia may burn wealth funds in three years 29 Dec 2014 - 01:31 am

Protesters take part in a rally against the banks and the growth of the dollar in central Moscow yesterday. Moscow: Russia, poised to...

Russian airlines face tough time over rouble rout 29 Dec 2014 - 01:28 am

MOSCOW: Their international competitors may be cheering tumbling oil prices, but the collapse in the rouble has meant major financial turbulence for Russian...

$110m allocated for arms exporters 29 Dec 2014 - 01:28 am

MOSCOW: The Russian government said yesterday it has pledged 6bn roubles ($110m) to help arms exporters service loans from domestic banks, in a...

Dollar mortgage holders urge Russia to end ‘financial slavery’ 29 Dec 2014 - 01:28 am

MOSCOW: When Olga Savelyeva took out a $226,000 mortgage to buy a small apartment on the outskirts of Moscow in 2008, she could...

Global auto sales to grow 3.9pc 29 Dec 2014 - 01:27 am

Seoul: Global auto sales are expected to grow at a faster pace in 2015 than this year, with relatively strong demand in the...

Vancouver home price surge worries businesses 29 Dec 2014 - 01:27 am

VANCOUVER: When Allan Pulga, a communications manager, found out he was going to be a father, he had to make a tough choice...

Vietnam economic growth speeds up on exports, beating target 29 Dec 2014 - 01:26 am

Hanoi: Vietnam’s economic growth accelerated in the fourth quarter as banks increased lending and rising foreign investment boosted exports. Gross domestic product rose...