Business

US auto sales hit nine-year high in May 05 Jun 2014 - 10:25 am

DETROIT: Brisk demand for SUVs and pickup trucks — and five sunny weekends — pushed US auto sales to a nine-year high in...

Lithuania to adopt euro from 2015 05 Jun 2014 - 10:25 am

BRUSSELS/VILNIUS: Lithuania meets all the criteria for joining the euro, the European Commission said yesterday, clearing the way for the Baltic state to...

Germany to set new rules for fracking 05 Jun 2014 - 10:24 am

BERLIN: Germany plans to draw up new rules in the coming weeks for the controversial method of fracking for gas, which will impose...

Bahrain’s Mumtalakat ends losing streak 05 Jun 2014 - 10:24 am

DUBAI: Bahrain’s Mumtalakat will remain profitable from now on, its chief executive said yesterday, as the sovereign fund ended five straight years of...

Mining exports drive Australian economy up 05 Jun 2014 - 10:24 am

SYDNEY: The Australian economy expanded a better-than-expected 1.1 percent in the first quarter of 2014 with a strong rise in mining exports driving...

Qatari stock market to see more initiatives: CEO 05 Jun 2014 - 06:30 am

Rashid bin Ali Al Mansoori (second left), CEO of Qatar Stock Exchange, at Arab Federation of Exchanges, in Dubai. Doha: Qatar stock market...

Mining exports drive Australian economy up 05 Jun 2014 - 12:52 am

SYDNEY: The Australian economy expanded a better-than-expected 1.1 percent in the first quarter of 2014 with a strong rise in mining exports driving...

Mining exports drive Australian economy up 05 Jun 2014 - 12:35 am

SYDNEY: The Australian economy expanded a better-than-expected 1.1 percent in the first quarter of 2014 with a strong rise in mining exports driving...

Oil sector needs $48tr funds 04 Jun 2014 - 02:14 am

LONDON: A potential shortfall in investment in production in the Middle East could create a $15 spike in the oil price by 2025,...

Russia, Ukraine hope for gas deal this week 04 Jun 2014 - 02:10 am

Traders work on the floor of the Moscow Exchange yesterday. MOSCOW: Russia and Ukraine signalled yesterday they hope to resolve a dispute by...

KPMG holds meet on family businesses 04 Jun 2014 - 02:09 am

Participants at the KPMG’s MESA steering group for family business and enterprise. Doha: KPMG’s Middle East and South Asia (MESA) steering group for...

ICT Business Award announces winners 04 Jun 2014 - 02:08 am

Saad Al Qahtani (left), Fi Technologies, receiving award from Faleh Al Naemi. Doha: The Ministry of Information and Communications Technology announced the ICT...

UK house price growth hits 7-year high 04 Jun 2014 - 02:07 am

Estate agents boards are lined up outside houses in south London yesterday as house prices rose at their fastest annual pace in seven...

Ford shows off ‘smart’ Mustang 04 Jun 2014 - 02:06 am

A visitor walks next to a Ford Mustang car during the Computex tech show in Taipei. TAIPEI: US auto giant Ford showed off...

Russia, China to create joint rating agency 04 Jun 2014 - 02:04 am

MOSCOW: Russia and China have reached an agreement to create a joint credit rating agency and are working on a series of measures...

Cargo carriers battle competition from seas, passenger planes 04 Jun 2014 - 02:04 am

DOHA: As more cargo shifts to passenger planes and back onto the seas, airlines are having to rethink their cargo operations or risk...

Airlines debate costs of aircraft tracking 04 Jun 2014 - 02:03 am

DOHA: Moves by airlines to keep track of their aircraft in real time following the disappearance of Malaysian Airlines’ flight MH370 could push...

IATA to hold 71st AGM in Miami, gets new chief 04 Jun 2014 - 02:03 am

Doha: Airline leaders will assemble in Miami, Florida, for the 71st Annual General Meeting of the International Air Transport Association (IATA) and World...