Business

Oil prices retreat on profit-taking 08 May 2013 - 01:29 am

LONDON: Global oil prices fell yesterday as dealers took profits after a recent rally on robust US jobs data and rising tensions in...

Corporate social responsibility meet on May 28 08 May 2013 - 01:29 am

DOHA: The Ministry of Business and Trade is organising a conference on corporate social responsibility on May 28 and 29 at the Ritz-Carlton....

Q-Coat studies coated steel bars’ resilience 08 May 2013 - 01:25 am

From left: Wakeel Khalid from Qatar Steel Company, Dr John Lawler of WJE Associates-USA, Abdulrahman Abdulla Al Ansari of Qatar Industrial Manufacturing Company,...

BRD first quarter profits down 08 May 2013 - 01:24 am

Employees of Romania’s largest listed bank BRD, controlled by France’s Societe Generale, talk on a terrace of the bank headquarters in Bucharest yesterday....

Dow Chemical receives $2.2bn in damages from Kuwait 08 May 2013 - 01:23 am

Kuwait: Dow Chemical Co has received $2.2bn in damages from Kuwait’s state chemicals company, bringing an end to a more than four-year dispute...

Solution to Iraq-Kurd oil dispute unlikely 08 May 2013 - 01:23 am

BAGHDAD/ARBIL: A lasting solution to Iraq’s dispute with its Kurdish north is unlikely even if recent talks between the two sides lead to...

Emal plans expansion to meet global demand 08 May 2013 - 01:23 am

ABU DHABI: Emirates Aluminium (Emal), a joint venture between Abu Dhabi investment fund Mubadala and Dubai Aluminium, is planning a further smelter expansion...

Australia cuts interest rate to record low of 2.75 percent 08 May 2013 - 01:08 am

SYDNEY: Australia’s central bank cut interest rates to a record low 2.75 percent yesterday as investment in the Asia-driven mining sector hits its...

Nokia investors tell CEO their patience running thin 07 May 2013 - 11:08 pm

Chairman of Nokia Board, Risto Siilasmaa, opens the shareholders meeting in Helsinki, Finland, yesterday. HELSINKI: Nokia investors told Chief Executive Stephen Elop yesterday...

Qatari bourse index adds 11.52 points 07 May 2013 - 11:07 pm

Doha: Qatar Exchange continued its rising streak yesterday, adding 11.52 points or 0.13 percent to advance to 8,845.65 points from 8,834.13 on Monday....

Chinese leaders to quicken yuan reform 07 May 2013 - 11:07 pm

BEIJING: China’s new batch of leaders may quicken the process of making the yuan fully convertible over the next few years to boost...

Saudi finalising regulations for foreign stock ownership 07 May 2013 - 11:07 pm

RIYADH: Saudi Arabia is finalising a regulatory framework which will allow foreigners to directly own stocks in the kingdom, though the market has...

EU hesitant on free trade agreement with China 07 May 2013 - 11:04 pm

BRUSSELS: Even as it seeks free trade deals with the United States and Japan, the EU sees little near-term prospect of a similar...

Lagarde lecture at Room for Discussion 07 May 2013 - 11:03 pm

Christine Lagarde (seated at podium, right), Director of the International Monetary Fund (IMF), gives a lecture at the ‘Room for Discussion’ forum in...

Investors welcome Portugal’s return to bond market 07 May 2013 - 11:02 pm

LISBON: Portugal got a boost from investors yesterday when it returned to the long-term debt market for the first time since obtaining bailout...

HSBC profits nearly double in Q1 07 May 2013 - 11:00 pm

LONDON: HSBC aims to keep the pressure on costs after first-quarter earnings nearly doubled due to the bank’s three-year efficiency drive and a...

UK car sales record 15 percent rise in April 07 May 2013 - 11:00 pm

LONDON: New car sales in Britain were nearly 15 percent higher in April than a year ago, according to the Society of Motor...

IPIC profits surge on equities recovery 07 May 2013 - 11:00 pm

ABU DHABI: Abu Dhabi’s International Petroleum Investment Co (IPIC) said 2012 net profit surged on the back of better operational performance and a...