Business

Higher growth returns to Indian IT industry 26 Dec 2013 - 11:56 am

Bangalore: The resilient $270bn plus Indian IT industry returned to the higher growth trajectory in 2013 and is hoping to gain momentum in...

Ma’aden secures $4.2bn financing for project 26 Dec 2013 - 11:56 am

KHOBAR: Saudi Arabian Mining Company (Ma’aden) has commitments from banks for financing worth up to SR15.75bn ($4.2bn) for a $7bn phosphate project in...

New identity for Ezdan Holding, subsidiaries 26 Dec 2013 - 04:29 am

DOHA: As part of its modernisation and development strategy, real estate giant Ezdan Holding Group yesterday unveiled its new identity along with all...

Libyan steel maker sees slight output rise 25 Dec 2013 - 07:38 am

A worker operates a furnace at Libyan Iron and Steel Company (Lisco) in Misrata yesterday. MISRATA: The Libyan Iron and Steel Company (Lisco)...

Rusal files case against LME 25 Dec 2013 - 07:37 am

An exterior view of an office of Rusal company in Moscow. LONDON: Rusal, the world’s largest aluminium producer, has triggered a judicial review...

Vietnam growth gathers steam 25 Dec 2013 - 07:36 am

Vendors sell dolls and balloons on a street in Hanoi yesterday. Vietnam’s economy grew 5.42 percent in 2013, picking up speed slightly after...

Hong Kong economy rises 25 Dec 2013 - 07:35 am

A Star Ferry (bottom) sails in front of the Hong Kong skyline. Hong Kong’s economy grew “moderately” year-on-year in the third quarter as...

QE geared up for MPHC share trading: CEO 25 Dec 2013 - 07:33 am

DOHA: Qatar Exchange (QE) is well-equipped to trade the 300 million plus shares of Mesaieed Petrochemical Holding Company (MPHC) entering the primary market...

Gulf bond issuance to surge in 2014 25 Dec 2013 - 07:33 am

DUBAI: Bond issuance from the Gulf Arab region is set to surge next year on the back of heavy infrastructure spending and refinancing...

Indian rupee gains for third day in low volumes 25 Dec 2013 - 07:33 am

MUMBAI: The rupee gained for a third straight session, strengthening to a one-week high on exporter dollar sales, but weaker domestic shares limited...

Oil rises on South Sudan supply cut 25 Dec 2013 - 07:32 am

NEW YORK: Brent oil rose yesterday, hovering at a two-week high, as conflict in South Sudan threatened the country’s oil output at a...

Foreign money stokes Spanish property market 25 Dec 2013 - 07:32 am

MADRID: A grand yellow-brick edifice in Madrid’s poshest shopping district, the ABC Serrano mall, is a Spanish symbol of tradition and elegance. Only...

Syria issues food tender with Iran credit 25 Dec 2013 - 07:31 am

ABU DHABI: A Syrian state purchasing agency has issued a tender to buy 50,000 tonnes of flour with payment through an Iranian credit...

China to aim for 7.5pc growth next year as exports recover 25 Dec 2013 - 07:31 am

BEIJING: China will likely stick with this year’s growth target of 7.5 percent for 2014 as top leaders balance the need to keep...

French economy contracted 0.1 percent in third quarter 25 Dec 2013 - 07:30 am

PARIS: France’s economy contracted 0.1 percent in the third quarter, the statistics body INSEE confirmed yesterday, but indicated the country should dodge recession...

SEC revives insider trading suit over Onyx shares 25 Dec 2013 - 07:28 am

New York: US securities regulators have filed a new lawsuit accusing two Dubai residents of illegally trading in Onyx Pharmaceuticals Inc stock based...

Qatari bourse index adds 45.30 points 25 Dec 2013 - 07:27 am

Doha: Qatar Exchange pursued its upswing trend yesterday adding 45.30 points, or 0.43 percent, to advance to 10,498.45 points from 10,453.15 on Monday....

Russian firms at risk of US stimulus withdrawal 25 Dec 2013 - 07:27 am

MOSCOW: Russian banks and companies may face higher money market rates or a weaker rouble due to the US withdrawal of monetary stimulus,...