Business

World Bank sees Russian capital flight on Crimea 27 Mar 2014 - 08:23 am

A tag showing the price of fruits in Ukrainian hryvnia and Russian rouble is on display at a market in the Crimean city...

Greek bank share offering 27 Mar 2014 - 08:17 am

People make their way in front of branches of Piraeus Bank and Alpha Bank in Athens yesterday. Piraeus Bank yesterday became the second...

Etihad to raise $2bn for buys 27 Mar 2014 - 08:03 am

ABU DHABI: Etihad Airways plans to raise $2bn to pay for aircraft deliveries this year, the Abu Dhabi-based airline said yesterday after road...

Toyota to spend $3.5bn on share buy-back 27 Mar 2014 - 08:03 am

TOKYO: Toyota is to buy back as much as 1.89 percent of its shares for 360bn yen ($3.5bn), raiding a growing corporate cash...

China loses on rare earths row 27 Mar 2014 - 08:03 am

GENEVA/WASHINGTON: China has lost a dispute at the World Trade Organisation over restrictions on its exports of rare earths and metals, handing Europe...

UK heads for Lloyds exit after $6.9bn share sale 27 Mar 2014 - 08:02 am

LONDON: The UK government has sold £4.2bn ($6.9bn) worth of shares in Lloyds Banking Group to cut its stake in the country’s largest...

Mushrif increases capital by KD10.7m 27 Mar 2014 - 08:02 am

Doha: Mushrif Trading & Contracting yesterday announced that it has increased its capital by KD10.7m. Following this placement, the company’s total paid up...

BoE may push Islamic liquidity tools 27 Mar 2014 - 08:01 am

London: The Bank of England is studying ways to increase the number of Shariah-compliant assets that Islamic financial institutions can use in their...

Construction, tourism to boost Jordan economy 27 Mar 2014 - 08:01 am

Doha: The Jordanian economy is regaining momentum on improved macroeconomic conditions and a recovery in construction activity, tourism, and lower energy costs, ‘Jordan...

Energy giants win Myanmar offshore blocks 27 Mar 2014 - 08:00 am

YANGON: Myanmar named energy giants Chevron, Shell and Total among the winners yesterday of a landmark auction of offshore oil and gas exploration...

UK power utility freezes prices as pressure grows 27 Mar 2014 - 08:00 am

LONDON: British power utility SSE said it would freeze prices and separate its wholesale and retail businesses after an outcry over soaring energy...

Orpic awards two deals for plastics complex 27 Mar 2014 - 07:59 am

MUSCAT: State-owned Oman Oil Refineries and Petroleum Industries Co (Orpic) said it had awarded two contracts for construction of a $3.6bn plastics production...

Phoenix to focus on life business, sells Ignis 27 Mar 2014 - 07:58 am

March: Phoenix Group Holdings said it would use proceeds from the sale of its asset management business to pay down debt, helping it...

Disasters cost $140bn last year: Swiss Re 27 Mar 2014 - 07:42 am

ZURICH: Natural and man-made disasters caused $140bn (¤101bn) of damage worldwide last year, according to a study released yesterday by reinsurance group Swiss...

South Korea raises 2013 GDP growth to 3pc 27 Mar 2014 - 07:42 am

Seoul: South Korea’s economy expanded three percent last, the central bank said yesterday, better than a previous estimate as it was boosted by...

Carpetright warns on profits 27 Mar 2014 - 07:42 am

LONDON: Carpetright, Britain’s biggest floor coverings retailer, has cut its annual profit forecast for the third time in less than six months, saying...

Qatar Exchange upswing trend on, adds 0.19pc 27 Mar 2014 - 07:40 am

Doha: Qatar Exchange pursued its upswing trend yesterday by adding 21.93 points, or 0.19 percent, to advance to 11,331.46 points from 11,309.53 on...

Egypt mulls trade zone with Russia 27 Mar 2014 - 07:40 am

MOSCOW: Egypt has resumed talks about the creation of a free trade zone with the customs union of Russia, Belarus and Kazakhstan, Egyptian...