Business

Brent crude falls below $104 on US stockpile 03 Apr 2014 - 08:31 am

LONDON: Brent oil fell $1 to a near five-month low below $105 a barrel yesterday on poor manufacturing data from China and Europe,...

Mobile licence offered to Telecom Egypt for $360m 03 Apr 2014 - 08:30 am

CAIRO: Fixed line monopoly operator Telecom Egypt has been asked to pay 2.5bn Egyptian pounds ($360m) for the mobile licence it wants, the...

Indonesia Islamic finance sector broadens 03 Apr 2014 - 08:30 am

Jakarta: Indonesia’s Islamic banks maintained double-digit asset growth last year while rural and non-bank segments made further gains, broadening the industry’s consumer base...

Batelco names Whelan as CEO 03 Apr 2014 - 08:28 am

DUBAI: Bahrain’s Batelco has appointed Alan Whelan as group chief executive, the state-run telecommunications operator said yesterday, nearly 11 months after its former...

Libya may reach deal to open oil ports in days 03 Apr 2014 - 08:27 am

TRIPOLI: Libya could finalise an agreement in two to three days with rebels to reopen key oil ports, a government spokesman said yesterday,...

Saudi carrier flynas to strike profit 03 Apr 2014 - 08:27 am

RIYADH: Saudi Arabia’s first and only budget airline, flynas, aims to grow at least 20 percent annually and expects to turn profitable in...

10th Back 2 Business forum on October 2 03 Apr 2014 - 08:27 am

DOHA: The 10th edition of ‘Back 2 Business 2014’, organised by Italian Chamber of Commerce in association with Turkish Businessmen Association, will take...

US-EU energy strategy targets Russia 03 Apr 2014 - 08:26 am

BRUSSELS: The United States stepped up its war of words over Russian gas yesterday, while warning its European allies not to count on...

Dubai to offer platform for murabaha trading 03 Apr 2014 - 08:25 am

DUBAI: Dubai will compete with London for a share of Islamic banks’ liquidity management business by offering a new platform for murabaha trading....

Turkey president, officials urge more Gulf investments 03 Apr 2014 - 08:25 am

KUWAIT CITY: Turkish President Abdullah Gul yesterday called on Gulf states to boost investments and cooperation with Ankara, assuring them of political stability...

Damac launches sukuk at tight end of guidance 03 Apr 2014 - 08:24 am

DUBAI: Dubai’s Damac Real Estate launched its five-year, $650m sukuk issue yesterday at midswaps plus 310 basis points, at the tight end of...

Global energy use to surge 50pc: Al Sada 03 Apr 2014 - 04:51 am

The Minister of Energy and Industry H E Dr Mohamed bin Saleh Al Sada delivering the keynote address at Brookings Doha Energy Forum...

QR5.5bn Laffan Refinery 2 launched 02 Apr 2014 - 01:32 am

H E Dr Mohamed bin Saleh Al Sada, the Minister of Energy and Industry, at the foundation-laying ceremony yesterday. DOHA: The Emir H...

Ezdan Holding plans big investments 02 Apr 2014 - 01:28 am

Ezdan Holding Chairman Sheikh Dr Khalid bin Thani bin Abdullah Al Thani (centre), Vice-Chairman Sheikh Abdullah bin Thani Al Thani (left) and Group...

Greece baulks at third bailout 02 Apr 2014 - 01:26 am

Spain’s FM Luis de Guindos (left) with his Portuguese counterpart Maria Albuquerque during an EU Finance Ministers meeting in Athens yesterday. Athens: Greece,...

OCBC offers $4.95bn for Wing Hang Bank 02 Apr 2014 - 01:25 am

People seen outside the headquarters of Overseas-Chinese Banking Corp Ltd in Singapore. SINGAPORE: Singapore’s Oversea-Chinese Banking Corp. (OCBC) said yesterday it has offered...

Japan sees sales tax rise after 17 years 02 Apr 2014 - 01:24 am

Japan’s Minister for Consumer Affairs Masako Mori at a shopping centre after the sales tax hike in Tokyo yesterday. TOKYO: Prices rose across...

RBI holds key rates unchanged 02 Apr 2014 - 01:23 am

Office goers walk past the bronze bull outside the Bombay Stock Exchange (BSE) during intra-day trade in Mumbai yesterday. Reserve Bank of India...