Business

Growing land prices push rents up by 30pc 15 Dec 2013 - 06:35 am

DOHA: With Qatar’s real estate market witnessing a steady increase in the land value, rentals have gone up something between 20 percent and...

GDI, JX Nippon sign drilling deal 15 Dec 2013 - 06:19 am

A view of GDI’s jack-up rig ‘Al Khor’. DOHA: Gulf Drilling International (GDI) has signed a contract with JX Nippon Oil & Gas...

Peugeot confirms in talks with Chinese carmaker; GM pulls out 14 Dec 2013 - 05:30 am

A flag with the company logo outside a Peugeot automobile dealer in Paris yesterday. PARIS: Peugeot confirmed yesterday it is in talks with...

Volkswagen to end bus production in Brazil 14 Dec 2013 - 05:29 am

Bruce Wolczanski works on a 1976 Volkswagen camper at his McNab Foreign Car garage that specialises in restoring VW vehicles in Pompano Beach,...

RBS to lodge defence in £4bn lawsuit 14 Dec 2013 - 05:28 am

LONDON: Royal Bank of Scotland said it and its former bosses may have made bad business decisions in the past but that does...

Employee tour 14 Dec 2013 - 05:27 am

Employees of French mobile operator SFR during a media tour at the SFR Campus in Saint-Denis, near Paris yesterday.

Ireland ends bailout, plans tax deduction 14 Dec 2013 - 05:26 am

DUBLIN: Three years after going cap in hand to international lenders to avert bankruptcy, Ireland has officially ended its bailout in a landmark...

Oil falls towards $108 on potential Libyan ports restart 14 Dec 2013 - 05:25 am

LONDON: Brent crude oil fell towards $108 a barrel yesterday on prospects for ports in eastern Libya to resume exports and a possible...

Central bank chief wants lower Aussie dollar 14 Dec 2013 - 05:25 am

SYDNEY: The Australian dollar slumped below 90 US cents yesterday after central bank governor Glenn Stevens said he wanted to see it at...

Portugal won’t need a second bailout: PM 14 Dec 2013 - 05:25 am

LISBON: Portuguese Prime Minister Pedro Passos Coelho said his debt-wracked nation would be able to return to the financial markets without having to...

Dollar, euro hit five-year high on Fed taper talks 14 Dec 2013 - 05:24 am

TOKYO: The dollar and euro hit five-year highs against the yen in Asia yesterday as investors bet that the US Federal Reserve will...

EU watchdog eases bank bonus rules 14 Dec 2013 - 05:24 am

LONDON: Bankers in the European Union earning more than ¤500,000 ($688,000) a year may be excluded from a cap on their bonuses if...

Ford to open plants in China and Brazil, add 5,000 jobs in US 14 Dec 2013 - 05:23 am

DETROIT: US automaker Ford said it will open two new plants in China and a third in Brazil next year while adding more...

Egypt regulator to retry sukuk rules early next year 14 Dec 2013 - 05:23 am

CAIRO: Egypt’s financial regulator will submit new rules to the government in January to facilitate issuance of sukuk, or Islamic bonds, as part...

Spain’s public debt hits new record in third quarter 14 Dec 2013 - 05:23 am

MADRID: Spain’s public debt, which has risen unchecked for the past five years of economic crisis, hit a new record of 93.4 percent...

Qatar Shell signs deals with three local firms 13 Dec 2013 - 08:16 am

Officials at the press conference in Doha. DOHA: In association with Qatar Development Bank (QDB) to help bolster Qatar’s private sector, Qatar Shell...

China’s automobile sales rise 13 Dec 2013 - 08:15 am

Visitors pass by a SUV on display at the Shanghai Auto Parts and Service Expo in Shanghai city. China’s automobile sales rose 14.1...

DCY200 arrives at Qatalum 13 Dec 2013 - 08:14 am

DOHA: Qatalum has acquired the 200-tonne capacity self-elevating multi-wheeler vehicle (DCY200). The equipment is used to transport cathodes and pot superstructures during relining....