Business

EU to impose duties on Chinese solar panels 05 Jun 2013 - 12:23 am

BRUSSELS: The European Union will press ahead with duties on billions of euros of Chinese solar panels despite resistance from Germany, people close...

Troubled Italian steel mill goes into administration 05 Jun 2013 - 12:22 am

ROME: Italy’s government yesterday placed a troubled steel mill temporarily into administration amid a long-running legal dispute over toxic pollution in a move...

Azerbaijan’s biggest bank plans $100m Islamic loan 05 Jun 2013 - 12:11 am

BAKU: International Bank of Azerbaijan (IBA), the country’s biggest lender, plans to raise $100m through an Islamic syndicated loan this year to develop...

Kuwait’s Zain launches sale of Iraqi unit 05 Jun 2013 - 12:10 am

DUBAI: The Iraqi unit of Kuwaiti telecoms company Zain launched subscriptions for a long-delayed public share offering yesterday, fulfilling a pledge made in...

Ford recalls 465,000 cars 03 Jun 2013 - 11:30 pm

A 2013 Ford Fusion, winner of the 2013 Green Car of the Year from the publication Green Car Journal, at the Ford display...

Dubal, Emal merge to form $15bn giant 03 Jun 2013 - 11:30 pm

ABU DHABI: The United Arab Emirates is merging its two flagship state aluminium firms to create the world’s fifth largest aluminium company with...

Oil rebounds on North Sea outage, weak dollar 03 Jun 2013 - 11:29 pm

NEW YORK/LONDON: Brent crude oil futures rose yesterday morning during trading in New York, supported by a weak dollar and a supply outage...

QFMA launches app for news updates 03 Jun 2013 - 11:29 pm

DOHA: Qatar Financial Markets Authority (QFMA) launched its application for iPhone and iPad users (Apple store: QFMA), for the latest news and updates...

Vodafone Qatar’s revenue rises to QR1.53bn 03 Jun 2013 - 11:28 pm

DOHA: Vodafone Qatar’s revenues increased to QR1.53bn ($420m) for the year ended March 31, 2013, witnessing an impressive revenue growth of 25 percent...

World’s largest container ship 03 Jun 2013 - 11:26 pm

The world’s largest container ship, sailing under the French flag, the CMA CGM Jules Verne, which can carry 16,000 containers, arrives in the...

Iraq to lower oil targets with foreign firms 03 Jun 2013 - 11:25 pm

BAGHDAD: Iraq is in talks with foreign energy firms to lower long-term oil production targets agreed several years ago because of sagging global...

Total, Exxon partners in oil exploration: South Sudan 03 Jun 2013 - 11:25 pm

JUBA: French oil company Total will partner with US major Exxon Mobil and Kuwait’s Kufpec in South Sudan to search for oil in...

Huge potential for UK shale gas, says IGas 03 Jun 2013 - 11:25 pm

LONDON: UK shale gas explorer IGas now reckons its licence area in northwest England could hold enough gas to meet the country’s entire...

Investors cheer Infosys founder’s return 03 Jun 2013 - 11:24 pm

MUMBAI: Shares of Infosys jumped yesterday as investors cheered the return of founder N R Narayana Murthy to boost the Indian outsourcing giant’s...

China’s home prices pick up in May: Survey 03 Jun 2013 - 11:24 pm

SHANGHAI: Home prices in major Chinese cities continued to rise year-on-year for the sixth consecutive month in May, an independent survey showed yesterday....

Japan Display’s LCD production line 03 Jun 2013 - 11:23 pm

An interior view of Japan Display Inc’s new production line for LCD panels is seen under yellow safe light at its factory in...

Bailout experts from troika head to Athens 03 Jun 2013 - 11:22 pm

ATHENS: A team of experts from the EU, the IMF and the ECB head to Athens this week to audit Greece’s finances and...

Saudi Mobily in talks for stake in Atheeb 03 Jun 2013 - 11:22 pm

DUBAI: Saudi Arabia’s No.2 mobile company Etihad Etisalat (Mobily) is in talks to buy a stake in loss-making fixed-line operator Etihad Atheeb, according...