Business

Energy cooperation with Malta 23 Jul 2013 - 01:29 am

The Minister of Energy and Industry, H E Dr Mohammed bin Saleh Al Sada, with Konrad Mizzi, Minister of Energy and Conservation of...

QE index gains 1.17pc; Dubai’s ENBD surges 23 Jul 2013 - 01:28 am

DOHA: The Qatar Exchange index gained 1.17 percent to close at 9,652.67 yesterday. The gains were mainly led by Telecoms, Transportation and Consumer...

US oil prices waver around $108 23 Jul 2013 - 01:28 am

NEW YORK: US oil prices pulled back from last week’s 16-month high yesterday as traders locked in profits from a blistering rally that...

US, UK watchdogs fine trader $6m 23 Jul 2013 - 01:27 am

LONDON: Regulators in Britain and the United States fined US trading firm Panther and owner Michael Coscia nearly $6m for manipulating commodities markets,...

Qatar Navigation H1 net profit jumps 30percent 23 Jul 2013 - 01:26 am

DUBAI: Qatar Navigation (Milaha) yesterday reported a 30 percent increase in net profit for the first half of the year, with the company...

Ex-BoE chief to lecture at New York University 23 Jul 2013 - 01:24 am

LONDON: Mervyn King, the former head of the Bank of England, will give lectures at New York University’s Stern School of Business and...

Europe jobless to rise; crisis end in sight 23 Jul 2013 - 01:11 am

Health workers hold a banner reading: ‘Stop cuts to health’ while protesting in front of the Economy Ministry in Rome, Italy, yesterday. LONDON:...

Officials seem to have broken law, says GSK 23 Jul 2013 - 01:10 am

LONDON/SHANGHAI: British drugmaker GlaxoSmithKline said yesterday some of its executives in China appeared to have broken the law in a bribery scandal, as...

Yahoo! to buy back 40 million shares from hedge fund 23 Jul 2013 - 01:10 am

NEW YORK CITY: Yahoo! said yesterday it agreed to buy back 40 million shares from a hedge fund which sought a shakeup of...

Saudi Telecom moves to sell Indonesia unit as profit tumbles 23 Jul 2013 - 01:08 am

DUBAI: Saudi Telecom Co (STC) has begun steps to sell its Indonesian business, banking sources said yesterday, as the state-owned firm posted a...

QPI buys 25pc stake in Greek power plant 22 Jul 2013 - 12:50 am

The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada posing for a group picture after the signing ceremony...

EQ gets new CEO 22 Jul 2013 - 12:48 am

DOHA: Enterprise Qatar (EQ) has announced the appointment of Abdulaziz bin Nasser Al Khalifa (pictured) as its new Chief Executive Officer. Al Khalifa...

Qatar bourse index down; Dubai rallies 22 Jul 2013 - 12:46 am

Doha: Qatar Exchange was down 9.16 points or 0.10 percent to 9,540.71 points yesterday from the previous closing of 9,549.87 points. Among the...

ARI brings home ‘Mena Sukuk Manager of the Year’ award 22 Jul 2013 - 12:46 am

Doha: City-based Al Rayan Investment (ARI) scooped the Mena Sukuk Manager of the Year title at the 2013 Investment Excellence Awards. The award...

Iran denies missing World Bank payments 22 Jul 2013 - 12:45 am

DUBAI: Iran denied yesterday it had failed to make payments on its loans to the World Bank for the last six months, blaming...

Third of Britons see interest rates rising in next 12 months 22 Jul 2013 - 12:45 am

LONDON: More than a third of Britons think interest rates will rise in the next 12 months, a survey showed yesterday, suggesting the...

Halting wheat imports was Mursi’s biggest mistake, says minister 22 Jul 2013 - 12:30 am

CAIRO: The biggest mistake deposed Egyptian president Mohammed Mursi made was stopping wheat imports, Egypt’s new minister of supplies said, pledging to ensure...

Commodity prices experience mixed week 22 Jul 2013 - 12:14 am

LONDON: Global commodity prices diverged last week as traders bet on a rosier economic outlook for the United States amid mixed signals surrounding...