Business

ECB loans offer clues in QE guessing game 08 Dec 2014 - 07:42 am

BRUSSELS: The guessing game over the timing of eurozone money printing will intensify as the European Central Bank unveils a closely watched gauge...

RasGas warehouse sees incident-free seven years 08 Dec 2014 - 07:32 am

Doha: RasGas Company Limited’s (RasGas) warehouse in Ras Laffan recently celebrated the completion of one million manhours without a lost time incident (LTI)...

QDB hosts training for SMEs 08 Dec 2014 - 07:31 am

DOHA: Qatar Development Bank (QDB) concluded its second training course for 2014, which comes as part of a series of Qatar-based ‘Comprehensive Industrial...

Sonatrach maps out energy output expansion, to invest $80bn by 2019 08 Dec 2014 - 07:29 am

ALGIERS: Algerian state energy company Sonatrach said yesterday it will intensify its exploration efforts by drilling 125 wells a year and expanding its...

Mena IPO activity gains momentum 08 Dec 2014 - 07:28 am

DOHA: The IPO activity in Mena region is inching closer to pre-crisis levels of 2008, induced by positive sentiment in the region’s equity...

UAE’s money exchange industry faces shake-out 08 Dec 2014 - 07:28 am

DUBAI: Some money exchange firms in the United Arab Emirates may have to merge and others could be forced to close as they...

Investment banks lag rivals on profitability, efficiency: Study 08 Dec 2014 - 07:28 am

LONDON: Investment banks have been less profitable, more volatile and had consistently higher costs than commercial banks, according to a study of business...

BIS raises ‘hot money’ concerns about emerging market debt 08 Dec 2014 - 07:27 am

LONDON: Cross-border debt issued by emerging market companies may be less stable than it initially appears due to the increasing role of overseas...

International lending to China soars in 2014 08 Dec 2014 - 07:27 am

LONDON: China has become the largest emerging market destination for international bank lending, accounting for more than a quarter of cross-border claims on...

Call for rate cut grows as Aussie economy falters 08 Dec 2014 - 07:27 am

SYDNEY: Pressure is building on Australia’s central bank to cut interest rates from their record lows as growth in the resources-driven economy, already...

Xiamen XGMA awaits approval to join aviation conglomerate 08 Dec 2014 - 07:25 am

BEIJING: Aviation Industry Corporation of China (AVIC) is awaiting regulatory approval to take control of loss-making Xiamen XGMA Machinery Co Ltd, giving the...

IMF warns Turkey of middle income trap 08 Dec 2014 - 07:25 am

Washington: The International Monetary Fund (IMF) has warned Turkey of lower medium-term growth and prospect of “middle income trap” if it does not...

Oil plunge not to hit Dubai project funding 08 Dec 2014 - 07:25 am

DUBAI: Dubai is confident that it will be able to raise equity and debt to finance all its huge development projects over the...

Yemen’s foreign reserves fall 08 Dec 2014 - 07:22 am

DUBAI: Yemen’s gross foreign currency reserves slipped to $4.9bn in October, the lowest level since June, as oil exports fell, exposing the country’s...

N Korea denies carrying out Sony hacking 08 Dec 2014 - 07:22 am

SEOUL/pyongyang: North Korea denied involvement in a cyber attack on Sony Pictures, but praised it as a “righteous deed” potentially carried out by...

Most Gulf markets slip, Oman tumbles on lower oil prices 08 Dec 2014 - 07:22 am

DUBAI: Oman’s stock market sank yesterday after Standard & Poor’s cut its outlook for the country’s sovereign rating and local cement firms said...

Weekly Commodity Update: Commodities take a breather after torrid November 08 Dec 2014 - 07:13 am

By Ole S. Hansen (Head of Commodity Strategy, Saxo Bank) Commodities have fallen to a five-year low, leaving producers of most raw materials...

Iran unveils budget based on lower oil price of $70/barrel 08 Dec 2014 - 03:21 am

Iranian parliament members arrive before President Hassan Rouhani presented the budget in Tehran yesterday. TEHRAN: Iran unveiled a draft budget yesterday for next...