Business

Turkey raises inflation forecasts for 2014, ’15 01 Nov 2014 - 07:20 am

ISTANBUL: Turkey’s inflation will be higher than previously forecast this year and in 2015, although falling oil prices could temper its rise, the...

Strong Dubai, weak oil price put Saudi in dilemma 01 Nov 2014 - 07:20 am

SINGAPORE: A strong Dubai price in a weak oil market has created a dilemma for top oil exporter Saudi Arabia as it works...

Russia ups rates as rouble slides 01 Nov 2014 - 07:19 am

MOSCOW: Russia’s central bank raised its main interest rate much more than expected yesterday, trying to tackle a sliding rouble and climbing inflation...

Gazprom to resume gas supply to Kiev 01 Nov 2014 - 05:49 am

Russian Energy Minister Alexander Novak (front left) reaches out to greet Ukraine’s Energy Minister Yuri Prodan (front right) after gas talks between the...

Total’s new chief promises stability 31 Oct 2014 - 08:53 am

The Chief Executive of French energy company Total, Patrick Pouyanne (centre), leaves the stage after making an emotional tribute to late former Total...

Samsung Q3 profit plunges to near 3-year low 31 Oct 2014 - 08:52 am

LG smartphones on display at the IFA International consumer electronics in Berlin, Germany. LG on yesterday reported an increase of sales by 39...

Global smartphone sales rise 31 Oct 2014 - 08:49 am

The iPhone 6 and 6 Plus on display at the Apple store in Pasadena, California. Global smartphone sales grew at a healthy pace...

Brent to stay below $100 for two years 31 Oct 2014 - 08:46 am

LONDON: Consumers can expect at least another two years of low oil prices, a Reuters poll showed yesterday, recording its biggest downgrade to...

Qatar Exchange index falls on heavy sell-off 31 Oct 2014 - 08:46 am

DOHA: Qatari stocks plunged on heavy profit-taking yesterday, a day after Federal Reserve announced its decision to wound up its over five-year-long quantitative...

Trade, defence spending buoy US growth 31 Oct 2014 - 08:41 am

WASHINGTON: A smaller trade deficit and a surge in defence spending buoyed US economic growth in the third quarter, but other details of...

$6bn NCB float ends on Sunday 31 Oct 2014 - 08:41 am

DUBAI: Saudi Arabia is still expected to chalk up the region’s biggest ever listing when National Commercial Bank’s SR22.5bn ($6bn) offering closes on...

Most European stock markets close up 31 Oct 2014 - 08:40 am

LONDON: Europe’s main stock markets closed up yesterday, lifted by the European Central Bank’s announcement that it would begin buying asset-backed securities in...

Gold dips below $1,200 31 Oct 2014 - 08:40 am

LONDON: Gold prices dipped below $1,200 an ounce yesterday and silver slid to a four-and-a-half year low after the Federal Reserve ended its...

Qatar’s UK investments hit £30bn 30 Oct 2014 - 02:53 am

The Minister of Economy and Commerce, H E Sheikh Ahmed bin Jassim bin Mohammed Al Thani, (right) greets guests at the Qatari-British Economic...

Extensive rules in place for margin trading 30 Oct 2014 - 02:50 am

BY MOBIN PANDIT DOHA: Extensive rules have been put in place for margin trading activities to be conducted on the Qatari bourse, Qatar...

Federal Reserve ends quantitative easing stimulus programme 30 Oct 2014 - 02:44 am

WASHINGTON: The Federal Reserve decided yesterday to end its quantitative easing stimulus programme, after six years of pumping money into the economy via...

Opec chief says don’t panic on oil price drop 30 Oct 2014 - 02:41 am

LONDON: Opec’s oil production is unlikely to change much in 2015 and there is no need to panic at the crude price drop,...

IT is strategic enabler for business: EMC 30 Oct 2014 - 02:39 am

FROM LEFT: Samer Diya, Country Manager of EMC, Simon Walsh, Chief Operating Officer, EMEA, Mohammed Amin, Senior Vice-President and Regional Manager of EMC...