Business

Gulf a major destination for global investors 04 Nov 2013 - 08:35 am

The newly reopened Egyptian stock market in Cairo. DUBAI: Foreign money is flowing into the parts of the Middle East which need it...

Cubans fret over currency reforms 04 Nov 2013 - 08:35 am

HAVANA: Cubans have welcomed news the government will end its unpopular dual currency system, but they are beyond keen to know when the...

Forex probes may lead to further regulation of industry 04 Nov 2013 - 08:34 am

ABU DHABI: Recent investigations into alleged manipulation of foreign exchange rates could be used by politicians as an excuse for new regulation of...

Ryanair unveils plans to soften much-criticised public image 04 Nov 2013 - 08:34 am

DUBLIN: Exchanges with customers on Twitter and plans for a simplified website — Irish no-frills airline Ryanair is seeking to improve its public...

Wall Street abuzz over Twitter IPO 04 Nov 2013 - 08:33 am

A worker tends to the lawn on the roof of Twitter headquarters in San Francisco, California. NEW YORK: Wall Street is aflutter over...

Greek retail workers protest Sunday shopping rules 04 Nov 2013 - 08:32 am

Shop employees march through Athens’ main commercial Ermou street yesterday during a demonstration by private sector employees against the opening of shops on...

Air France sets tougher rules for Alitalia investment 04 Nov 2013 - 08:31 am

MILAN: Air France-KLM has set tough conditions, including 5,000 job cuts, for investing more money in loss-making Italian airline Alitalia, financial daily Il...

Egypt’s T-bill yields edge up for 3rd week 04 Nov 2013 - 08:31 am

CAIRO: Yields on Egyptian treasury bills rose for the third straight week at an auction yesterday and the central bank sold the entire...

Indian shares hit new peak during Diwali trade 04 Nov 2013 - 08:30 am

MUMBAI: Indian shares jumped to their highest-ever trading level yesterday in ceremonial trade to mark the Hindu festival of Diwali. The Bombay Stock...

Qatar seeks stability of global gas market 04 Nov 2013 - 03:20 am

The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada with dignitaries at the Ministerial Meeting of the Gas...

Al Sada in Iran to attend GECF 03 Nov 2013 - 08:15 am

The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada (right) with Bijan Namdar Zanganeh, Minister of Oil of...

Tech firms battle for talent in China 03 Nov 2013 - 08:15 am

Employees at Alibaba.com headquarters in Hangzhou, China. HONG KONG: Year of the Horse, move over. For China’s class of 2014, it’s looking like...

Barclays suspends six traders in rigging probe 03 Nov 2013 - 08:14 am

LONDON: Barclays bank has suspended six traders amid an investigation into whether international currency markets were rigged, the BBC, the Financial Times and...

IBM urged to pay Rs53.57bn in outstanding tax 03 Nov 2013 - 08:14 am

MUMBAI: Indian tax authorities have asked IBM’s local unit to pay Rs53.57bn in outstanding income tax on fiscal 2009 revenue, media reported yesterday....

Shell planning second attempt to drill off Alaskan coast 03 Nov 2013 - 08:13 am

Washington: Shell Oil said that it would try — again — to drill for oil in the Chukchi Sea off Alaska’s Arctic coast,...

Indonesian economy runs into rough patch 03 Nov 2013 - 08:13 am

Doha: Indonesia has enormous long–term growth potential. The large and rapidly growing population has favourable demographics and is increasingly wealthy. Indonesia has a...

Lenders should set aside funds for Ireland: IMF 03 Nov 2013 - 08:13 am

BERLIN: Ireland’s lenders should set some money aside for when the country exits its bailout, which it should do step by step, a...

Qatar Exchange Roundup: QE rebounds, index back to pre-Eid vacation levels 03 Nov 2013 - 08:12 am

By Basher Yusif Al Kahlout Supported by blue chip stocks, Qatar Exchange’s (QE) market capitalisation increased by QR10.6bn to QR533.1bn last week. Total...