Business

Sainsbury’s warns on UK consumer spending after best Christmas sale 09 Jan 2014 - 11:14 am

LONDON: British grocer J Sainsbury’s reported its “best Christmas ever” yesterday but warned that consumers were likely to tighten their belts in the...

QFC Authority introduces amended regulations 09 Jan 2014 - 11:11 am

DOHA: The Qatar Financial Centre Authority (QFC Authority) has issued amendments in three important areas of the QFC legal environment. The changes aim...

Tunisia seeks next IMF tranche 09 Jan 2014 - 11:11 am

TUNIS: Tunisia’s government, under pressure from protests over public spending cuts, said yesterday it had done enough to persuade the IMF to approve...

Brent rises towards $108 on Libyan supply worrie 09 Jan 2014 - 11:10 am

s LONDON: Brent crude oil rose towards $108 a barrel yesterday, supported by new worries over Libyan supplies and expectations for a drop...

QE index scales new high, rises by 0.33 percent 09 Jan 2014 - 11:10 am

DOHA: Qatar Exchange index climbed a new high yesterday rising 0.33 percent to close 10,834 points. Market cap rose to QR572bn from the...

Gold prices fall for second day 09 Jan 2014 - 11:09 am

LONDON: Gold prices fell for a second day yesterday as upbeat US jobs data lifted the dollar and fuelled speculation that the Federal...

Adnoc to take full control of Adco oilfields 09 Jan 2014 - 11:09 am

DUBAI: Abu Dhabi National Oil Company (Adnoc) will take full control of the Adco oil concession when the decades-old partnerships with some of...

Libya to sue, cut off firms buying oil from seized ports: Minister 09 Jan 2014 - 11:08 am

TRIPOLI: Libya will take to court any foreign firms trying to buy oil from eastern ports seized by armed protesters and stop doing...

Private sector hiring up last month in US 09 Jan 2014 - 04:29 am

A job-seeker completes an application at a career fair held by civil rights organisation National Urban League as part of its annual conference,...

Jobless rate in eurozone at record level 08 Jan 2014 - 10:39 pm

BRUSSELS: Eurozone unemployment continued near record highs in November at 12.1 percent but there were signs the bad times may be easing as...

Lebanon delays gas tender yet again 08 Jan 2014 - 10:39 pm

BEIRUT: Lebanon delayed until April its first offshore gas licensing round for a third time yesterday after politicians repeatedly failed to form a...

Romania cuts rate amid weak demand 08 Jan 2014 - 10:38 pm

BUCHAREST: Romania cut its main interest rate to a record low of 3.75 percent yesterday, to boost demand and against a background of...

Aramco to restrict diesel imports 08 Jan 2014 - 10:37 pm

SINGAPORE: State oil giant Saudi Aramco will skip diesel term imports on a delivered basis, removing a huge chunk of demand from the...

Hollandi Bank’s Q4 profit misses expectations 08 Jan 2014 - 10:37 pm

DUBAI: Saudi Hollandi Bank, Saudi Arabia’s oldest lender, missed analyst expectations despite posting a 10.8 percent rise in fourth-quarter net profit. The lender,...

Sterling set for solid gains on euro, seen weaker vs dollar 08 Jan 2014 - 10:37 pm

LONDON: Sterling will make solid gains on the euro this year as Britain’s economic recovery forges ahead while a weak outlook for the...

Turkish lira likely to stabilise in coming months 08 Jan 2014 - 10:36 pm

ISTANBUL: The Turkish lira is likely to stabilise against the dollar in coming months despite pressure on it due to capital flows out...

UK car sales rise to highest level since 2007 08 Jan 2014 - 07:17 am

A factory worker on the production line of Mini cars at the BMW’s plant at Cowley in Oxford, central England. LONDON: British new...

French unionists hold Goodyear executives for 24 hours 08 Jan 2014 - 07:15 am

Employees of the Goodyear tyre factory of Amiens leave the plant with documents yesterday. PARIS: French trade unionists released two executives yesterday after...