Business

Egypt auctions 22 oil, gas exploration concessions 31 Dec 2013 - 09:55 am

CAIRO: Egypt’s General Petroleum Corporation and Natural Gas Holding Company announced yesterday an international auction for 22 concessions for oil and gas exploration...

Qatar Exchange closed on Jan 1 31 Dec 2013 - 09:55 am

DOHA: Qatar Exchange (QE) will remain closed on Wednesday, January 1, 2014. Trading will resume on Thursday, January 2. The decision is followed...

US pending home sales inch up in November 31 Dec 2013 - 09:53 am

WASHINGTON: US pending home sales rose slightly in November, ending five consecutive months of declines, the National Association of Realtors (NAR) said yesterday....

Rupee on course to be one of Asia’s worst performers in ’13 31 Dec 2013 - 09:53 am

MUMBAI: The rupee fell yesterday, hit by strong dollar demand by a state-run bank that dealers said was intended to meet oil refiner...

EU ready to offer Portugal more help, says Rehn 31 Dec 2013 - 09:52 am

LISBON: The European Union is ready to offer Portugal further aid once its current bailout expires in May, Economics Affairs Commissioner Olli Rehn...

Qatar bourse index rises by 0.08 percent 31 Dec 2013 - 09:52 am

Doha: Qatar Exchange ended in the green yesterday adding 8.18 points or 0.08 percent to 10,368.20 points from 10,360.02 on Sunday. Among the...

Iran cuts gas supplies to industry 31 Dec 2013 - 09:52 am

DUBAI: The National Iranian Gas Company (NIGC) has been forced to slash gas supplies to industrial consumers as cold weather drives up heating...

Egypt pound weak at central bank auction 31 Dec 2013 - 09:51 am

CAIRO: The Egyptian pound weakened at a forex auction yesterday, extending a series of falls at the central bank’s regular sale of dollars,...

Swatch fire may hit other watchmakers 31 Dec 2013 - 09:51 am

ZURICH: A fire that destroyed a workshop at a Swatch Group factory will affect other watchmakers it supplies more than the Swiss firm...

European stock markets slip; Tokyo rises 31 Dec 2013 - 04:22 am

Employees and traders celebrate the closing of this year’s last trading day at the Korea Exchange in Seoul yesterday. The Korea Composite Stock...

Icebound Antarctic passengers face air rescue 30 Dec 2013 - 10:27 am

This image taken by passenger Andrew Peacock of www.footloosefotography.com yesterday shows Barbara Tucker, a passenger aboard the ‘stuck’ ship MV Akademik Shokalskiy, watching...

Obama beset by fits, starts in year 5 30 Dec 2013 - 10:21 am

WASHINGTON: It was a moment for Barack Obama to savour. His second inaugural address over, Obama paused as he strode from the podium...

South Korean workers strike 30 Dec 2013 - 10:06 am

Police buses block a road leading to the Presidential Blue House as South Korean workers demonstrate during a general strike in central Seoul. ...

Greeks protest against bailout 30 Dec 2013 - 10:05 am

Demonstrators gathering in front of the parliament in Athens. Greek trade unions staged a protest ahead of a parliament vote on a bill...

Festive-season shopping 30 Dec 2013 - 10:04 am

A woman shops for garments at a Kohl’s department store which opened at 5am a day after Christmas in Alhambra, California, in an...

Work on passenger ferry 30 Dec 2013 - 10:04 am

Employees work inside the passenger area of a ferry being built for Washington State Ferries at Vigor Industrial’s Harbor Island centre in Seattle,...

Fixed deposits of Qatar banks surge by 71pc 30 Dec 2013 - 10:01 am

by Sachin Kumar Doha: Fixed deposits of banks in Qatar have surged 71 percent in the last five years reflecting that individuals turned...

QPI gets $246m finance facility from Barwa Bank and Doha Bank 30 Dec 2013 - 10:00 am

DOHA: Doha Bank and Barwa Bank, in two separate statements, announced their respective decisions to participate in a Finance Facility for Qatar Petroleum...