Business

IMF growth forecast too low: Saudi 30 May 2013 - 01:07 am

RIYADH: Saudi Finance Minister Ibrahim Al Assaf disagreed yesterday with the IMF’s forecast that the oil-rich kingdom’s GDP will grow by only 4.4...

Total boss may face trial over Iran oil bribes 30 May 2013 - 01:06 am

PARIS/NEW YORK: US and French legal authorities cracked down on Total yesterday with $398m in fines and plans to bring the oil company...

Oman plans dollar bond issue in 2014: Central bank 30 May 2013 - 01:05 am

DUBAI: Oman’s government is considering a proposal to issue dollar-denominated sovereign bonds sometime in 2014, which could lead to regular debt sales in...

Tata Motors Q4 net profit beats forecast 30 May 2013 - 01:04 am

A showroom attendant cleans a Tata Nano car at their flagship showroom in Mumbai yesterday. MUMBAI: India’s top automaker Tata Motors saw its...

IMF cuts 2013 forecast for China growth 30 May 2013 - 01:03 am

BEIJING: The International Monetary Fund cut its 2013 growth forecast for China to “around 7.75 percent”, a top official said yesterday, citing a...

India moves to regulate coal industry to improve supply 30 May 2013 - 01:03 am

NEW DELHI: India took a step towards setting up a regulator for its coal industry yesterday, a move it hopes will improve supplies...

Islamic Development Bank sells $1bn sukuk 30 May 2013 - 01:02 am

DUBAI: Islamic Development Bank (IsDB), a Jeddah-based multilateral institution, raised $1bn from the sale of a five-year Islamic bond, or sukuk, at par...

FIHC buys soy, sunflower oil 30 May 2013 - 01:01 am

HAMBURG: Egypt’s state-owned Food Industries Holding Company (FIHC) has bought 9,000 tonnes of soy oil and 12,000 tonnes of sunflower oil in an...

Al Sada meets Maltese minister 29 May 2013 - 12:24 am

The Minister of Energy and Industry, H E Dr Mohammed bin Saleh Al Sada, yesterday met Konrad Mizzi, Minister of Energy and Conservation...

No change in currency peg soon: QCB 29 May 2013 - 12:24 am

DUBAI: Qatar may change its peg to the US dollar when the economy becomes less dependent on hydrocarbons and local financial markets deepen,...

Oil rises ahead of Opec meeting 29 May 2013 - 12:23 am

NEW YORK: Brent crude rose more than $1 yesterday as US consumer optimism and signs of easier monetary policy from central banks pushed...

Al Noor Hospitals plans London listing to raise $150m 29 May 2013 - 12:23 am

ABU DHABI: UAE healthcare provider Al Noor Hospitals Group aims to raise some $150m through an initial public offering (IPO) of shares on...

Qatar Exchange hosts Investor Relations Conference 29 May 2013 - 12:22 am

DOHA: Qatar Exchange (QE) in its efforts to improve investor relations (IR) standards and encourage the adoption of international best practices once again...

Renault Clio 3 on production line 29 May 2013 - 12:21 am

An employee inspects a Renault Clio 3 on the production line at the Renault automobile factory in Flins.

Russia pipeline could doom Europe’s Nabucco 29 May 2013 - 12:21 am

VIENNA/BRUSSELS: Europe’s grand plan for a gas pipeline from the Caspian Sea that would make its eastern states less reliant on Russia may...

US home prices accelerate 29 May 2013 - 12:20 am

A single family home is shown for sale in Encinitas, California. NEW YORK: US home prices accelerated by the most in nearly seven...

IMF hopes to agree loan for Yemen 29 May 2013 - 12:19 am

DUBAI: The International Monetary Fund hopes to agree a new longer term loan for impoverished Yemen by the end of 2013 and mobilise...

Saoud Abdullah Auditing Firm joins Russell Bedford, rebrands as RBSA 29 May 2013 - 12:19 am

DOHA: Qatar’s Saoud Abdullah Auditing Firm has been re-branded as ‘RBSA Audit Firm’ on joining Russell Bedford International, a global network of independent...