Business

PM to address Qatar Exchange event tomorrow 07 May 2013 - 01:12 am

DOHA: Qatar Exchange (QE), under the patronage and in the presence of the Prime Minister and Foreign Minister H E Sheikh Hamad bin...

Oil wavers above $105 per barrel, economy drags 07 May 2013 - 01:11 am

NEW YORK: Brent crude oil rose above $105 a barrel yesterday but trading was choppy and prices were pulled both ways by more...

Bicycle expo 07 May 2013 - 01:01 am

Models stand next to Bianchi racing bicycles during the 23rd China International Bicycle and Motor Fair in Shanghai yesterday. The fair runs until...

Spain bailout bill may rise, say bankers 07 May 2013 - 01:01 am

MADRID: Spain’s bill to bail out its banks may yet rise, some bankers and analysts fear, as a worsening economy hampers the government’s...

Kuwait firm launches Islamic fund 07 May 2013 - 01:01 am

SYDNEY: Kuwait-based Asiya Investments has launched an Islamic trade finance fund with $20m in seed capital, aiming to cater to small Asian manufacturers....

GOIC, Sharjah Chamber hold meeting in Doha 07 May 2013 - 01:00 am

Doha: The Gulf Organisation for Industrial Consulting(GOIC) held here yesterday a meeting with a delegation led by Ahmed Mohammed Al Midfa, Chairman of...

French companies hit by govt sale talk 07 May 2013 - 01:00 am

PARIS: Shares in several businesses in which the deficit-hit French government has a stake plummeted yesterday after Prime Minister Jean Marc Ayrault said...

Saudi Arabia oil output rises to 9.3m b/d in April 07 May 2013 - 12:59 am

Al KHOBAR: Saudi Arabia produced 9.3 million barrels per day (b/d) of oil in April, up from 9.14 million bpd in March, an...

Qatar insurance sector to grow by over five percent 07 May 2013 - 12:53 am

DOHA: Qatar’s insurance sector is expected to witness a growth of more than five percent in 2013, outpacing most of its neighbours, a...

Portugal pushes ahead with sweeping spending cuts 07 May 2013 - 12:53 am

LISBON: Portugal yesterday pushed ahead with deeply unpopular plans to slash 30,000 public sector jobs by launching talks with unions as part of...

New York to sue BofA, Wells Fargo 07 May 2013 - 12:53 am

NEW YORK: New York Attorney General Eric Schneiderman yesterday said he plans to sue Bank of America Corp (BofA) and Wells Fargo and...

Timber fair in Germany 07 May 2013 - 12:52 am

A man walks past a transport vehicle of the company Liebherr at the Ligna fair for the timber and woodworking industry in Hanover,...

Tyson reports weaker first quarter profit 07 May 2013 - 12:51 am

New York: Tyson Foods Inc reported weaker-than-expected quarterly profit as shoppers and restaurants switched to cheaper chicken from beef, and the company cut...

QE keeps rising streak, adds 48.60 points 06 May 2013 - 11:57 pm

Doha: Qatar Exchange pursued its upswing trend yesterday, adding 48.60 points (or 0.55 percent) to advance to 8,834.13 points from 8,785.53 on Sunday....

US bonds expected to stay at higher yields with $72bn supply this week 06 May 2013 - 11:56 pm

NEW YORK: US Treasuries prices slipped slightly yesterday as investors continued to digest Friday’s better than expected jobs report, which sent yields surging...

UAE planning draft movable assets law to aid SME lending 06 May 2013 - 11:56 pm

DUBAI: The United Arab Emirates is drafting legislation to let small and medium-sized firms use machinery and other assets to back loans, in...

Sunoco to proceed with Texas propane pipeline 06 May 2013 - 11:55 pm

New york: Sunoco Logistics Partners LP said yesterday it had received sufficient binding commitments to ship propane and butane on its proposed Mariner...

PetroCaribe meeting 06 May 2013 - 12:17 am

A general view of the 9th Ministerial Council of PetroCaribe, in Caracas, Venezuela. The meeting, which includes the ministers responsible for energy of...