Business

ACWA expects to keep Saudi power project 24 Jun 2013 - 01:42 am

RIYADH/Al KHOBAR: Saudi-based developer ACWA Power expects to retain a commission to build a 1,800 megawatt power plant for Saudi Electricity Co despite...

Airbus flying display 24 Jun 2013 - 01:42 am

Visitors attend a flying display as an Airbus, with an electric green taxiing system, is being taxied during the 50th Paris Air Show...

Virgin Mobile wins Saudi virtual telecom licence 24 Jun 2013 - 01:42 am

DUBAI: Virgin Mobile Middle East & Africa (VMMEA) is one of three companies to win a virtual telecom licence in Saudi Arabia, the...

Germany works to weaken EU car emissions draft 24 Jun 2013 - 01:40 am

BRUSSELS: Germany has put forward a new proposal to weaken EU draft rules on vehicle emission limits for carbon dioxide as it struggles...

Nationwide draws up plan to plug $1.5bn capital hole 24 Jun 2013 - 01:24 am

LONDON: Nationwide, Britain’s biggest customer-owned financial services group, is drawing up plans to raise at least £1bn ($1.5bn) to fill a hole in...

Qatari bourse index slips by 14.63 points 24 Jun 2013 - 01:24 am

Doha: Qatar Exchange continued its losing streak yesterday slipping 14.63 points or 0.16 percent to hit 9,231.56 points from the previous closing of...

Ethiopia economic growth 24 Jun 2013 - 01:24 am

A crane stands at a construction site in a neighbourhood undergoing a facelift in Addis Ababa. The construction boom in the Ethiopian capital...

High-tech gains get disabled people to work 24 Jun 2013 - 01:23 am

SAN JOSE, California: When high school football coach Kevin Bella needs an intense, heart-to-heart with a player, he goes home and sits on...

Spanish wind farm 24 Jun 2013 - 01:23 am

A view of wind turbines off the coast of Barbate in southern Spain.

Arabtec extends $650m share offer period 24 Jun 2013 - 01:23 am

DUBAI: Dubai builder Arabtec, part-owned by Abu Dhabi state fund Aabar, has extended the subscription period for its $650m rights share issue, the...

Italy to delay VAT sales tax hike 24 Jun 2013 - 01:22 am

ROME: Italy will delay for at least three months a rise in sales tax which was due to take effect in July and...

Iran currency appreciates on change in presidency 24 Jun 2013 - 01:21 am

TEHRAN: The Iranian rial has strengthened by more than 15 percent against the dollar since the victory of moderate Hassan Rowhani who was...

Weekly Commodity Update: Heading towards a period of increased volatility 24 Jun 2013 - 01:10 am

By Ole Hansen (Senior Manager, CFD and Listed Products, Saxo Bank) In addition to a strengthening US dollar, weakness was seen across most...

Weekly Money Market Review with IBQ: FOMC shakes markets as party seems to be ending 24 Jun 2013 - 01:09 am

Known to be the most dovish man in the world, in the last FOMC press conference, Ben Bernanke acknowledged that downside risks have...

QPI, Djibouti ink MoU for wind power plant 23 Jun 2013 - 07:52 am

Nasser Al Jaidah (right) and Djama Ali Guelleh exchanging documents during the signing ceremony. DOHA: Qatar Petroleum International (QPI) has signed a Memorandum...

Real estate transactions drop by 15 percent 23 Jun 2013 - 07:52 am

DOHA: Qatar’s real estate transaction value dropped by 15 percent on year-on-year basis during the first five months this year. The value of...

EU finance ministers’ talks break down 23 Jun 2013 - 07:51 am

LUXEMBOURG: European Union finance ministers failed early yesterday to reach an agreement on how to close down failing banks before they can do...

China, Taiwan sign pact to open service sectors 23 Jun 2013 - 07:51 am

TAIPEI: Taiwan and China signed a wide-ranging agreement to open up their service sectors, another milestone in the ever-closer trade and economic ties...