Business

Turkey crude supply to start soon: Kurds 20 Jun 2013 - 05:36 am

LONDON: Iraqi Kurdistan will start a new oil pipeline to Turkey within months, its energy minister said, increasing the autonomous region’s control over...

Supreme Court quashes British sanctions on Iranian bank 20 Jun 2013 - 05:36 am

LONDON: The UK’s highest court has ruled that the British government was wrong to have imposed sanctions on an Iranian bank in 2009...

Portugal pays higher rates in bond auction 20 Jun 2013 - 05:35 am

LISBON: Crisis-hit Portugal paid higher borrowing rates in a short term debt auction yesterday, reflecting tighter conditions seen in bond markets around the...

Finnish economy to shrink 0.4pc 20 Jun 2013 - 05:35 am

HELSINKI: Finland’s economy will shrink by 0.4 percent this year, the Finnish government said yesterday, revising downwards its forecast from March which predicted...

Weekly Money Market Review with IBQ: These are uncertain times in financial markets 20 Jun 2013 - 05:11 am

The US Dollar started the week on a negative tone, as Federal Reserve Bank President Bullard said that the US economic performance could...

Vodafone Qatar revenue rises by 25pc; customer base grows 20 Jun 2013 - 02:24 am

DOHA: Vodafone Qatar’s annual revenue recorded a 25 percent growth to QR1.53bn reflecting a growing market share of 27.4 percent of mobile revenues...

Kabel takeover bid 19 Jun 2013 - 05:09 am

Fibre optic cables of Germany’s biggest cable operator, Kabel Deutschland, at the Kabel Deutschland playout centre in Frankfurt, yesterday. Kabel confirmed that they...

Qatar Exchange to trade govt bonds 19 Jun 2013 - 05:09 am

DOHA: The Qatar Exchange (QE) yesterday announced its decision to introduce trading of government bonds issued by the central bank commencing on Thursday....

QCB move draws flak from investors 19 Jun 2013 - 05:08 am

DOHA: Qatar Central Bank’s (QCB) decision to tighten cap on local banks’ investment in stocks and bonds, has drawn flak from a section...

Turkish central bank keeps rates on hold 19 Jun 2013 - 05:08 am

ISTANBUL: Turkey’s central bank kept interest rates on hold yesterday but said capital inflows had fallen and hinted it could act again to...

G8 leaders pledge action on tax evasion 19 Jun 2013 - 05:07 am

ENNISKILLEN, Northern Ireland: The world’s rich economies said they would take a tougher stance on fighting money laundering and tax evasion but promised...

More Russian oil flows to China 19 Jun 2013 - 05:06 am

MOSCOW: Russia is steeply ramping up oil deliveries to China, with Asia now importing almost a fifth of oil exports from the world’s...

RMB likely to replace dollar in global trade 19 Jun 2013 - 05:04 am

Simon Williams (right) addressing the audience yesterday. (Salim Matramkot) DOHA: Chinese currency Renminbi or RMB is set to emerge as the anchoring currency...

Adnoc, Lulu sign pact for operating Ruwais Mall 19 Jun 2013 - 05:03 am

Officials of Lulu Group and Abu Dhabi National Oil Company during the signing ceremony. DOHA: Abu Dhabi National Oil Company (Adnoc) and Line...

Boeing’s new Dreamliner steps up big jet battle 19 Jun 2013 - 05:03 am

PARIS: Boeing launched a larger version of its flagship Dreamliner aircraft at the Paris Air show yesterday, intensifying the battle with rival Airbus ...

Iraq excludes Kurds from 2014 oil output target 19 Jun 2013 - 05:02 am

LONDON: Iraq aims to ramp up oil production by nearly 45 percent by the end of next year — without any input from...

Zain eyes IT acquisitions to boost data services 19 Jun 2013 - 05:01 am

DUBAI: Kuwait mobile operator Zain will make acquisitions and partnerships in computer-based industries this year to exploit rising demand for data and help...

Star Alliance 19 Jun 2013 - 05:00 am

Mark Schwab (second left), Star Alliance CEO, and Austin Cheng (left), President of EVA Air, hold aircraft models during a ceremony in Taoyuan,...