Business

India’s April oil imports from Iran drop 34.2pc 23 May 2013 - 02:36 am

NEW DELHI: India’s oil imports from Iran fell 34.2 percent in April from March, data from trade sources showed yesterday, bolstering the country’s...

Sudan sugar exports 23 May 2013 - 02:35 am

Employees pack refined sugar at Kenana Sugar Company’s main plant, 270km south of Khartoum, yesterday. Next year, the management hopes the plant will...

BP to invest $2.85bn in Iraq’s largest oil field 23 May 2013 - 02:34 am

BASRA: Oil major BP has allocated $2.85bn to develop Iraq’s Rumaila oil field in 2013, up from $2.2bn last year, the head of...

Qatar Exchange index adds 48.95 points 23 May 2013 - 02:33 am

Doha: Qatar Exchange index was bullish yesterday adding 48.95 points or 0.54 percent to advance to 9,085.90 points from 9,036.95 on Tuesday. The...

Slow progress of projects puts Kuwait stock boom at risk 23 May 2013 - 02:32 am

DUBAI: Kuwait’s stock market boom could run out of steam if the government doesn’t push ahead soon with long-delayed infrastructure projects aimed at...

L&T looks overseas to offset weak economy 23 May 2013 - 02:31 am

NEW DELHI/MUMBAI: Larsen and Toubro Ltd , India’s largest engineering and construction group, will look overseas to offset a weak economy and project...

Carrefour to divest 25pc stake in Middle East venture 23 May 2013 - 02:31 am

DUBAI: Carrefour, Europe’s largest retailer, is in advanced talks to divest its remaining 25-percent stake in its Middle Eastern joint venture to local...

ENBD raises $1bn from bond sale 23 May 2013 - 02:28 am

DUBAI: Emirates NBD, Dubai’s biggest lender by market value, raised $1bn from a capital-boosting bond yesterday, amid healthy demand for the deal. Proceeds...

New plane from Pilatus 22 May 2013 - 01:51 am

A replica of the newly unveiled PC 24 aircraft of Swiss plane maker Pilatus during the Annual European Business Aviation Convention & Exhibition...

Doha Bank may sell bonds to raise capital 22 May 2013 - 01:51 am

DUBAI: Doha Bank could issue a capital-boosting bond instead of shares as planned, although it was evaluating the best route to help raise...

Thomson Reuters launches Islamic Finance indicator 22 May 2013 - 01:50 am

DUBAI/ DOHA: Thomson Reuters yesterday launched an Islamic Finance Development Indicator in collaboration with the Islamic Corporation for the Development of the Private...

Yen woes for Japanese exports 22 May 2013 - 01:49 am

A worker walks beside newly produced cars ready for shipment at a port in Kawasaki, south of Tokyo, yesterday. Signs are that most...

Brent futures fall towards $104 22 May 2013 - 01:48 am

LONDON: Brent oil futures fell towards $104 per barrel yesterday driven by concerns that the US Federal Reserve might scale back its quantitative...

Strike fails to affect projects, says Arabtec 22 May 2013 - 01:48 am

DUBAI: Arabtec, Dubai’s largest construction firm, said yesterday the delivery of projects was unaffected by what it called a partial labour stoppage, adding...

Shale gas and energy costs vex EU leaders 22 May 2013 - 01:47 am

BRUSSELS: European leaders will discussed plans to exploit shale gas in summit talks yesterday as part of a decades-long quest to develop more...

Apple denies tax gimmicks; pressure rises 22 May 2013 - 01:36 am

WASHINGTON: Apple denied yesterday using “gimmicks” to dodge taxes and said it welcomes a review of US fiscal laws after a Senate investigation...

US business team seeks Qatar opportunities 22 May 2013 - 01:35 am

The representatives of Franchise Times/IFA and US Commercial Service Trade Mission during the press conference at Four Seasons yesterday. (Shaival Dalal) BY MOHAMMAD...

Mannai opens showroom in Istanbul 22 May 2013 - 01:34 am

Officials of Mannai Automotive Group and Chevrolet during the opening of the showroom in Istanbul. DOHA: Mannai Automotive Group, the distributor of General...