Business

Portugal central bank expects return to growth in 2014 11 Dec 2013 - 12:03 pm

LISBON: Portugal should return to growth next year, following more than two years of recession, with the recovery pulled by exports, the Bank...

Greece’s creditors to return today 11 Dec 2013 - 12:02 pm

ATHENS: International auditors are due back in Athens this week to assess Greece’s progress in implementing reforms in exchange for loans, a Greek...

Industries push QE index up 62.79 points 11 Dec 2013 - 12:02 pm

Doha: Qatar Exchange index gained 62.79 points, or 0.60 percent, yesterday to advance to 10,496.89 points from 10,434.10 on Monday. The volume of...

Turkey grows 4.4pc in Q3 11 Dec 2013 - 12:01 pm

ANKARA: The Turkish economy grew by a stronger-than-expected 4.4 percent in the third quarter of 2013, official data showed yesterday. The figure, which...

Mary Barra to be first female CEO of General Motors 11 Dec 2013 - 12:01 pm

NEW YORK: General Motors yesterday announced that company veteran Mary Barra would succeed Dan Akerson as chief executive, becoming the first woman to...

PM calls for more private sector role 11 Dec 2013 - 06:08 am

From left: The Prime Minister and Interior Minister, H E Sheikh Abdulla bin Nasser bin Khalifa Al Thani, the Minister of Finance, H...

Strategic plan for financial sector regulation launched 10 Dec 2013 - 11:02 am

Qatar Central Bank Governor H E Sheikh Abdullah bin Saoud Al Thani, (centre) with other officials during the launch of the unified strategy...

Smart Cities a better choice for Qatar: Expert 10 Dec 2013 - 11:01 am

From left: The Managing Partner of Effectas Business Improvement, Paolo Sebben; the Founding Chairman of Gulf Organisation for Research and Development and moderator...

Indian shares hit high, rupee firms 10 Dec 2013 - 10:57 am

MUMBAI: Indian shares closed at a new high and the rupee firmed yesterday after the main opposition Bharatiya Janata Party, widely seen as...

Gulf firms plan joint bid for stake in Occidental 10 Dec 2013 - 10:54 am

DUBAI: Three state-owned Gulf firms are considering a joint bid for a minority stake in Occidental Petroleum Corp’s Middle East and North Africa...

Qatar banks record high loan growth 10 Dec 2013 - 10:53 am

By Satish Kanady DOHA: Powered by an increasing public sector spending, banks in Qatar witnessed the highest rate of loan growth in the...

EADS to cut 5,800 jobs in Europe in restructuring 10 Dec 2013 - 10:51 am

BERLIN: European aerospace giant EADS, the maker of Airbus aircraft, announced plans yesterday to cut 5,800 jobs in its defence and space division...

Oil slips to $110 as European demand eases 10 Dec 2013 - 10:50 am

LONDON: Brent crude fell almost 1.5 percent to around $110 a barrel yesterday, undermined by signs of weaker European demand despite upbeat economic...

Dabbagh plans stake sale in lubricants arm Petromin 10 Dec 2013 - 10:49 am

DUBAI: Saudi Arabia’s Dabbagh Group is planning to sell a 19 percent stake in its lubricants business Petromin ahead of a potential public...

Dollar steady in Asia after strong US jobs report 10 Dec 2013 - 10:49 am

TOKYO: The dollar was steady in Asia yesterday after a solid US jobs report for November boosted the chances of an early pullback...

Qatari bourse index loses 2.42 points 10 Dec 2013 - 10:48 am

Doha: Qatar Exchange index lost 2.42 points, or 0.02 percent, yesterday to hit 10,434.10 from the previous closing of 10,436.52 points on Sunday....

Abu Dhabi may need to lower industry growth target 10 Dec 2013 - 10:48 am

DUBAI: Abu Dhabi probably won’t reach its target for industrial growth by 2020 and will need to lower it, a senior government official...

OMV, Gazprom reach interim deal on gas contract 10 Dec 2013 - 10:47 am

VIENNA: Austrian energy group OMV said it had reached an interim deal with Gazprom over their long-term gas-supply contract, bringing prices closer to...