Business

Snapchat hacked 03 Jan 2014 - 07:35 am

The logo and a page of mobile app “Snapchat” are displayed on tablets, in Paris, yesterday. Hackers broke into Snapchat, the hugely popular...

Key European stock markets fall; euro dips 03 Jan 2014 - 07:33 am

LONDON: European stock markets sank yesterday, sharply reversing initial gains, as investors reacted to poor Chinese manufacturing data and took profits on the...

Turkey crisis sends lira to new low 03 Jan 2014 - 07:33 am

ISTANBUL: The Turkish lira touched a new low against the dollar and shares also slid yesterday, under pressure from a corruption scandal roiling...

Oman’s budgeted spending growth to slow sharply 03 Jan 2014 - 07:33 am

MUSCAT: Oman’s 2014 budget plan will slow growth in state spending as the government grapples with rising pressure on its finances, Financial Affairs...

Oil flow from Kurdistan to Turkey begins 03 Jan 2014 - 07:32 am

ANKARA: Crude oil from Iraqi Kurdistan has started flowing via a new pipeline to the Turkish Mediterranean export hub of Ceyhan but will...

Russia’s 2013 oil output hits new high 03 Jan 2014 - 07:32 am

MOSCOW: World energy power Russia said yesterday that its oil output hit a post-Soviet high in 2013 while natural gas production at its...

Brent drops by more than $2 on Libya move 03 Jan 2014 - 07:31 am

NEW YORK: Oil prices fell by more than $2 yesterday as Libya prepared to restart a major oilfield and on speculation of a...

KPMG to hold seminar on risks facing businesses 03 Jan 2014 - 07:30 am

DOHA: KPMG in Qatar is holding a performance and risk seminar on Wednesday (January 8) for senior level executives from a wide range...

IQ clarifies on Qafco project 03 Jan 2014 - 07:29 am

DOHA: Industries Qatar (IQ) yesterday clarified that the group’s fertiliser joint venture, Qatar Fertiliser Company (Qafco), is unaware of the projects referred to...

Russia’s 2013 oil output hits new high 03 Jan 2014 - 07:29 am

MOSCOW: World energy power Russia said yesterday that its oil output hit a post-Soviet high in 2013 while natural gas production at its...

New Year Day shopping 02 Jan 2014 - 12:40 am

Shoppers look at lucky bags on the first sale day of the year at a department store in Tokyo yesterday. Japan’s core consumer...

Qatar energy management draws praise 02 Jan 2014 - 12:39 am

DOHA: Qatar has been ranked as one of the top countries in the world in effectively managing its energy resources. The country has...

Cameron trumpets UK recovery 02 Jan 2014 - 12:31 am

LONDON: Prime Minister David Cameron boasted yesterday that Britain would become a post-recession flagship in 2014, in what was reported as a swipe...

Al Khaliji offers 100pc financing for MPHC IPO 02 Jan 2014 - 12:07 am

DOHA: Al Khalij Commercial Bank (Al Khaliji) has announced that it would provide up to 100 percent finance of the subscription amount for...

Qatar’s foreign trade surplus falls 4.2 percent 02 Jan 2014 - 12:06 am

DOHA: Qatar’s foreign trade surplus fell 4.2 percent from a year earlier to QR30.9bn in November 2013, figures from the Ministry of Development...

China’s $3 trillion local government debt stirs alarm 02 Jan 2014 - 12:04 am

BEIJING: Calls for China to accelerate financial reforms grew louder after figures showed its indebted local governments owe nearly $3 trillion in a...

Chinese manufacturing index slips in December 02 Jan 2014 - 12:04 am

BEIJING: China’s manufacturing growth slowed in December for the first time in six months, official figures showed yesterday, suggesting the world’s second-largest economy...

Latvia caps years of austerity with eurozone membership 01 Jan 2014 - 11:39 pm

From left: Latvia’s central bank Governor Ilmars Rimsevics, Estonia’s Prime Minister Andrus Ansip, Latvia’s Prime Minister Valdis Dombrovskis and Latvia’s Minister of Finance...