Business

BP seeks to recoup excess Gulf oil spill payments 29 Jun 2014 - 12:52 am

A person passing a logo of the British multinational oil and gas company, BP during the 21st World Petroleum Congress in Moscow. New...

TCS holds AGM 29 Jun 2014 - 12:42 am

Tata Group Chairman Cyrus Mistry (right) and Chief Executive N Chandrasekaran arriving for the 10th Annual General Meeting of Tata Consultancy Services in...

Skilled manpower shortage is growing 29 Jun 2014 - 12:27 am

DOHA: A significant number of businesses (nearly 50 percent) in the region, including Qatar and the UAE, are facing difficulties in finding and...

Qatar Insurance completes Antares buyout 29 Jun 2014 - 12:26 am

Doha: Qatar Insurance Company, the largest insurance company in the Middle East, yesterday announced the completion of the acquisition of Antares Holdings Limited,...

Barwa Bank joint lead manager for UK’s sukuk 29 Jun 2014 - 12:26 am

DOHA: Barwa Bank, Qatar’s fastest growing Shariah-compliant bank, has been appointed as one of five Joint Lead Managers for the UK’s £200m debut...

Learn lessons from Singapore economy: QNB 29 Jun 2014 - 12:26 am

Doha: Singapore is a remarkable growth story. Back in the 1960s, it was one of the poorest countries in Asia. Since then, it...

Beltone-Sawiris bid 30pc below fair price: EFG 29 Jun 2014 - 12:25 am

CAIRO: EFG Hermes said yesterday an independent financial adviser had set its fair share price at 22.93 Egyptian pounds ($3.21) whereas the price...

Carlos Slim buys AT&T’s $5.6bn stake in Movil 29 Jun 2014 - 12:25 am

NEW YORK: Mexican tycoon Carlos Slim has bought out US telephone operator AT&T’s $5.6bn stake in telecommunications firm America Movil, the companies announced....

Brazil to cut short currency swap rollover 29 Jun 2014 - 12:24 am

RIO DE JANEIRO: Brazil’s central bank did not announce so far a usual auction to roll over currency swaps that are set to...

German minister eyes breaking up of Google 29 Jun 2014 - 12:24 am

BERLIN: Germany’s justice minister says the possibility of dismantling Google should be considered if the Internet giant abuses its dominant position, in a...

Nebras Power acquires shares in Jordan plant 29 Jun 2014 - 12:24 am

Doha: Nebras Power has announced that it has entered into an agreement to acquire significant shares in a 52.5 MW solar power plant...

EU leaders signal shift from austerity plans 28 Jun 2014 - 11:53 pm

BRUSSELS: In the latest shift away from the austerity of the eurozone crisis, European Union leaders signalled at a summit that they were...

Italy, France soften budget stance at EU summit 28 Jun 2014 - 11:53 pm

BRUSSELS: Italy and France left an EU summit on Friday without a sought after change to the bloc’s strict budget pact, winning only...

IMF praises Jamaica for fiscal progress 28 Jun 2014 - 11:53 pm

KINGSTON: The head of the International Monetary Fund started a two-day visit to Jamaica on Friday, praising the Caribbean island for progress in...

Monte Paschi raises €4.99bn 28 Jun 2014 - 11:52 pm

ROME: Italian bank Monte dei Paschi di Siena said it had raised €4.99bn through share sales in a move which should boost its...

Condensate export loophole may apply to other US crudes 28 Jun 2014 - 11:52 pm

New York: The US decision allowing minimally processed super-light oil known as condensate to be freely exported may open the door to doing...

Bulgaria banks under attack: Central bank 27 Jun 2014 - 10:10 pm

People queue outside a branch of Bulgaria’s First Investment Bank, in Sofia, yesterday. SOFIA: Bulgaria’s central bank said yesterday there was a systematic...

Madison Maersk docks in Guangzhou 27 Jun 2014 - 10:09 pm

Triple-E class container ship “Madison Maersk” of Maersk Line loaded with containers is berthed at Nansha port in Guangzhou, Guangdong province of China,...