Business

Brent crude trading above $107 a barrel on US data 06 Jul 2013 - 05:01 am

NEW YORK: Brent crude oil prices were trading above $107 per barrel for the first time in three months yesterday, underpinned by political...

Transatlantic monetary divide to accelerate dollar surge 06 Jul 2013 - 05:00 am

LONDON: US monetary policy is zigging while the rest of the world is zagging, and the world should brace for a protracted dollar...

Lebanon says Israel can tap its gas resources 06 Jul 2013 - 05:00 am

BEIRUT: Lebanon’s energy minister said yesterday that Israel has the technical ability to draw from Lebanese underwater gas fields, and called for an...

US jobs data spooks European markets 06 Jul 2013 - 04:57 am

People walk in front of an electronic board showing the closing figure of the Nikkei 225 Stock Average in Tokyo yesterday. Tokyo stocks...

Egypt’s finances in worse shape than estimated 06 Jul 2013 - 04:56 am

LONDON: Egypt’s crumbling public finances may be in even worse shape than previously estimated. While stock and bond markets have cheered the ouster...

French trade deficit in May deepens 06 Jul 2013 - 04:56 am

PARIS: The French trade deficit, a critical problem for the recession-hit economy, worsened sharply in May, official data showed yesterday. Although the data...

Banks vie for Lloyds, RBS share sell-off 06 Jul 2013 - 04:52 am

LONDON: More than a dozen top banks are finalising plans to run a £20bn ($30bn) share sale in part-nationalised Lloyds, one of the...

Egypt index surges 7.3 percent 05 Jul 2013 - 05:18 am

A general view of brokers working at the Egyptian stock exchange in Cairo. DUBAI: Egyptian shares posted their largest one-day percentage gain in...

BA takes delivery of first A380 05 Jul 2013 - 05:17 am

LONDON: British Airways welcomed its first Airbus A380 jet, the world’s biggest commercial aircraft, part of a $15bn upgrade to top-of-the-range planes that...

ECB, BoE soothe world markets in rate pledge 05 Jul 2013 - 05:17 am

FRANKFURT: Europe’s two most important central banks took unprecedented moves yesterday to reassure financial markets that interest rates on their side of the...

Aluminium industry faces challenges, says report 05 Jul 2013 - 05:17 am

DOHA: The Middle East’s aluminium industry is in an advantageous position, and can play a key role in industry consolidation and the development...

QE index extends gains 05 Jul 2013 - 05:17 am

DOHA: Qatar Exchange’s main index extended gains last week led by the banking and financial sector and the transportation sector indices. The index...

Salam International to resume trading 05 Jul 2013 - 05:16 am

DOHA: Salam International Company will resume its share trading on Qatar Exchange (QE) from Sunday, July 7, 2013. A posting on QE website...

Brent dips 05 Jul 2013 - 05:15 am

LONDON: Oil slipped towards $105 a barrel yesterday after Egypt’s army ousted its president, helping to ease concerns over the threat of supply...

IMF offers $5.3bn loan to Pakistan 05 Jul 2013 - 05:15 am

ISLAMABAD: Pakistan asked for a new bailout loan from the International Monetary Fund yesterday to boost its ailing economy, settling on an initial...

Russia to increase wheat shipments to Egypt 05 Jul 2013 - 05:14 am

MOSCOW: Russia is likely to increase its exports of wheat to Egypt in the marketing year that started on July 1, despite political...

Failure an option for new Zynga CEO Don Mattrick 05 Jul 2013 - 05:13 am

By Farhad Manjoo No one was taken aback this week when Mark Pincus announced that he’d be stepping down as CEO of Zynga,...

London to host Islamic economic forum in October 05 Jul 2013 - 04:53 am

LONDON: London will host the ninth World Islamic Economic Forum in October, organisers have announced, the first time that the event will be...