Business

RBI’s bid to stem rupee fall 03 Jul 2013 - 01:08 am

A teller counts a bundle of Indian rupee notes at a financial institution in Mumbai yesterday. Concerned about the rupee’s fall to a...

Qatari bourse index adds 38.06 points 03 Jul 2013 - 01:07 am

Doha: Qatar Exchange index added 38.06 points or 0.41 percent yesterday to advance to 9,368.60 points from 9,330.54 on Monday. The volume of...

Saudi taps new oil areas in plan to preserve capacity 03 Jul 2013 - 01:07 am

Al KHOBAR: Saudi Aramco plans to develop two less productive areas of major oilfields, industry sources said, as Riyadh takes care to maintain...

Jet shares slump on worries over Etihad deal 03 Jul 2013 - 01:07 am

NEW DELHI: Shares of Jet Airways slid as much as six percent yesterday amid new investor worries over whether the Abu Dhabi-based Etihad...

Gold sales to Iran come under US sanctions 03 Jul 2013 - 01:06 am

WASHINGTON: Rigid new US sanctions against Iran came into force yesterday including bans on the sale or barter of gold to the Islamic...

Bahrain issues $398m in 3-year govt bonds 03 Jul 2013 - 01:05 am

DUBAI: Bahrain issued BD150m ($397.9m) in three-year government development bonds, a central bank statement said yesterday. The expected interest rate on the bonds...

Al Sada urges sustainable gas development 02 Jul 2013 - 02:03 am

The Minister of Energy and Industry, H E Dr Mohammed bin Saleh Al Sada at the second gas summit in Moscow. DOHA: The...

QNB shares rise to 52-week high, hit QR161 02 Jul 2013 - 02:02 am

DOHA: The shares of Qatar National Bank (QNB) surged to a 52-week high to QR161 in yesterday’s trading. The shares opened at QR157.50...

QE Al Rayan Islamic Index up 180pc since January 2007 02 Jul 2013 - 02:01 am

DOHA: QE Al Rayan Islamic Index has generated a cumulative return of 180.2 percent since January 2007. Over the same period the QE...

Maran signs $662.4m refinancing deal 02 Jul 2013 - 01:59 am

From Left: Dimitri Stylianou from Maran Gas Maritime; Khalid Al Ahbabi, Barwa Bank; Muhammad Ghannam, Nakilat; Bassel Gamal, QIB, and Abdullah Al Sulaiti,...

Gold prices rebound after biggest quarterly drop on record 02 Jul 2013 - 01:58 am

LONDON: Gold prices rose yesterday, rebounding after posting its biggest quarterly loss on record, as the dollar steadied ahead of a raft of...

Banks in EU anti-trust rule breach 02 Jul 2013 - 01:57 am

A view of the headquarters of investment banking and securities firm Goldman Sachs in lower Manhattan, in New York. The European Commission said...

Disruptions cut crude output from Libya 02 Jul 2013 - 01:57 am

TRIPOLI: New protests have shut down several Libyan oilfields, cutting output by around a third, industry sources said, as Libya struggles to maintain...

EU crisis cools, unemployment hits record 02 Jul 2013 - 01:56 am

BRUSSELS: The economic crisis in southern Europe may be easing, a key survey signalled yesterday, but new data showed the eurozone jobless rate...

Emirates finds broad demand for aircraft lease deal 02 Jul 2013 - 01:56 am

LONDON: Dubai’s flagship airline carrier Emirates last week raised $630m through the issuance of enhanced equipment trust certificates (EETC) to fund the purchase...

US factories rebound in June, hiring down 02 Jul 2013 - 01:55 am

NEW YORK: US manufacturing activity grew last month, rebounding from an unexpected contraction in May, but hiring in the sector was the weakest...

Q.media Decaux awarded ad concession at City Center 02 Jul 2013 - 01:55 am

Doha: Q.media Decaux has been awarded an 11-year contract with City Center, Doha, for the exclusive advertising concession in the mall. Following advertising...

Nokia to buy equipment venture of Siemens, shares surge 02 Jul 2013 - 01:53 am

Various models of Nokia and Siemens mobile phones in a shop in Kaiserslautern, Germany, yesterday. HELSINKI: Nokia shares surged yesterday after it announced...