Business

UAE’s First Gulf Bank hikes dividend after record results 30 Jan 2014 - 08:30 am

ABU DHABI: First Gulf Bank increased its 2013 dividend payout by 20 percent after posting record quarterly earnings, as the United Arab Emirates’...

Nakilat signs $669m financing deal with Qatar National Bank 30 Jan 2014 - 02:34 am

Officials exchanging documents during the signing ceremony. DOHA: Nakilat, Qatar’s premier gas transporter, has secured a $669m facility from QNB Group for the...

Cyprus seeking Qatari energy expertise, investment 29 Jan 2014 - 09:41 am

Sheikh Khalifa bin Jassim bin Mohamed Al Thani (left) Chairman, Qatar Chamber of Commerce and Industry, and the President of the Cyprus Chamber...

Ahli Bank plans long-term expansion 29 Jan 2014 - 09:39 am

DOHA: Ahli Bank, Qatar’s seventh largest lender by market value, is taking steps for long-term expansion plans. In keeping with the bank’s strategic...

Qatar-Bulgaria joint panel meets 29 Jan 2014 - 09:37 am

The Minister of Economy and Trade and Head of the Qatari delegation, H E Sheikh Ahmed bin Jassim bin Mohamed Al Thani, during...

Toyota to reduce output 29 Jan 2014 - 09:37 am

An assembly line worker attaches the bumper onto the body of a Toyota Aqua, the world’s cheapest and most fuel-efficient conventional hybrid car,...

Japan trade loss widens 29 Jan 2014 - 09:36 am

Containers are unloaded from a cargo ship docked at a container terminal in Tokyo, Japan, yesterday. Japan reported its largest-ever annual trade loss...

Turkey signals crisis rate hike 29 Jan 2014 - 09:36 am

ISTANBUL: Turkey’s central bank, fighting to defend the lira, sent strong signals yesterday that it is about to raise interest rates in a...

Posco profits jump 29 Jan 2014 - 09:34 am

Steel products stacked at a steelworks in Seoul yesterday. South Korean steelmaker Posco, backed by billionaire investor Warren Buffett, reported a smaller-than-expected 29...

Britain posts fastest annual growth since pre-crisis 29 Jan 2014 - 09:33 am

LONDON: Britain’s economy grew at the fastest rate last year since before the financial crisis but output dipped in the final quarter of...

QP, Honeywell’s UOP sign research pact 29 Jan 2014 - 09:32 am

DOHA: Qatar Petroleum (QP) and UOP LLC, a Honeywell company, have signed a joint research agreement on “process optimisation of CO2 and sulphur...

US crude rises nearly $2 on spread trading 29 Jan 2014 - 09:32 am

NEW YORK: US crude oil futures rose nearly $2 yesterday, narrowing their discount to European Brent as traders expected data to show supplies...

Spain upgrades 2014 economic outlook, sees new jobs 29 Jan 2014 - 09:31 am

MADRID: Spain predicted yesterday a faster-than-expected economic recovery and net job growth in 2014 as it emerges from five years of stop-start recession...

Emerging market rout pauses ahead of Turkey, Fed meetings 29 Jan 2014 - 09:31 am

LONDON: Emerging markets steadied after three days of intense selling yesterday, as investors waited to see if Turkey, one of the epicentres of...

India raises bank rates to curb inflation 29 Jan 2014 - 09:30 am

MUMBAI: India’s central bank yesterday announced a surprise quarter-point rise in its key interest rate, signalling that taming inflation is the priority rather...

Zain Iraq months off from listing 29 Jan 2014 - 09:30 am

DUBAI: Mobile telecom firm Zain Iraq is still expected to list its shares on the Iraq Stock Exchange (ISX) later this year but...

Japan’s Suzuki delays opening of car plant in Gujarat 29 Jan 2014 - 09:30 am

TOKYO: Japan’s Suzuki Motor said yesterday it will push back the opening of its new car plant in India by one year to...

Pakistan central bank steps up Islamic banking push 29 Jan 2014 - 09:29 am

Islamabad: The central bank of Pakistan is stepping up its push to develop Islamic banking, encouraging lenders to expand their operations in the...