Business

Russian ruble hits historic low 25 Jan 2014 - 07:13 am

MOSCOW: The Russian ruble hit a record low against the euro yesterday and was at its weakest point against the dollar for nearly...

S&P downgrades Croatia, blames vested interests 25 Jan 2014 - 07:12 am

PARIS: Rating agency Standard and Poor’s downgraded the long-term debt of new EU member Croatia by one notch yesterday, saying reforms fell short...

Argentina lifts restrictions on buying foreign currency 25 Jan 2014 - 07:11 am

BUENOS AIRES: Argentina yesterday lifted restrictions in place since 2011 that limited the purchase of foreign currency, a day after the peso suffered...

UK launches tender for oil licences 25 Jan 2014 - 07:11 am

LONDON: Britain has launched its 28th tender for oil and gas licences, opening up new offshore areas to drilling for fossil fuels that...

Bulgaria, Turkey agree new gas inter-connector 25 Jan 2014 - 07:11 am

SOFIA: Bulgaria and Turkey agreed yesterday to set up a joint company and build a gas pipeline to link their networks and enable...

Al Khaliji net profit up 8pc 24 Jan 2014 - 11:11 am

Sheikh Hamad bin Faisal bin Thani Al Thani & Robin McCall DOHA: Al Khaliji (KCBK), in Qatar, reported a net profit of QR551m...

European stocks fall on China data 24 Jan 2014 - 11:10 am

Traders work on the floor of the New York Stock Exchange yesterday. LONDON: Europe’s main stock markets retreated yesterday as investors digested weak...

Gazprom profits jump 4pc 24 Jan 2014 - 11:09 am

The logo of Gazprom in front of Russia’s government headquarters in Moscow. Gazprom reported a four-percent jump in profits through the first nine...

Hyundai profits rise 24 Jan 2014 - 11:09 am

Pedestrians walk past a Hyundai Motor branch with a big banner advertising the luxury sedan “Genesis” in Seoul yesterday. Hyundai reported a 12.5...

Gulf equities: Credit Suisse sees Qatar, Saudi as favoured markets 24 Jan 2014 - 10:59 am

DOHA: Strongly supported by Qatar and Saudi Arabia, Credit Suisse expects the Gulf region to post another year of solid gains on improving...

QE rallies; market cap at QR598bn 24 Jan 2014 - 10:57 am

DOHA: Qatar bourse rallied for the fourth straight week gaining 232.28 points or 2.09 percent to close at 11,338.41 points last week. Mainly...

Iran lures oil majors with new contracts 24 Jan 2014 - 10:56 am

DAVOS, Switzerland: Iran will have a new, attractive investment model for oil contracts by September, its president and oil minister told some of...

Qatar Shipping gets QR1.55bn loan 24 Jan 2014 - 10:52 am

DUBAI: Qatar Shipping, a unit Qatar Navigation, has secured a 12-year, QR1.55bn ($425.65m) loan from a consortium of international banks, according to a...

Turkish central bank intervenes after lira hits all-time low 24 Jan 2014 - 10:52 am

ANKARA: The beleaguered Turkish lira recovered from all-time lows yesterday after the central bank intervened directly in foreign exchange markets for the first...

Toyota sold 9.98 million vehicles last year 24 Jan 2014 - 10:51 am

TOKYO: Toyota sold a record 9.98 million vehicles last year, it said yesterday, outpacing rivals General Motors and Volkswagen to maintain its title...

Saxo Bank launches social trading platform 24 Jan 2014 - 10:51 am

LONDON: Denmark’s Saxo Bank has launched a new social trading platform, becoming the first big financial institution to throw its weight behind social...

International Islamic nets QR750m profit 24 Jan 2014 - 05:21 am

International Islamic Chairman and Managing Director Sheikh Dr Khalid bin Thani Al Thani & International Islamic CEO Abdulbasit A Al Shaibei DOHA: International...

Petroleum technology conference attracts 5,000 professionals 23 Jan 2014 - 08:38 am

Saleh Al Mana, Vice-President and Director of Government & Public Affairs for ExxonMobil Qatar accepts a token of appreciation from the International Petroleum...