Business

Top Abu Dhabi lender names CEO with Asian experience 04 Apr 2013 - 01:43 am

ABU DHABI: National Bank of Abu Dhabi named the banker who led Australia and New Zealand Banking Group’s push into Asia as its...

New Cypriot FM vows to revive economy 04 Apr 2013 - 01:43 am

NICOSIA: The new finance minister of cash-strapped Cyprus yesterday vowed to do “whatever it takes” to sort out the EU country’s teetering finances...

US urged to boost trade with Asean 04 Apr 2013 - 01:42 am

WASHINGTON: Singapore Prime Minister Lee Hsien urged the US yesterday to pursue a more active trade agenda in Southeast Asia in response to...

Norway’s biggest bank refunds savers for bad deals 04 Apr 2013 - 01:42 am

OSLO: Norway’s biggest bank DNB said yesterday it would compensate hundreds or even thousands of savers after the Supreme Court ruled it misinformed...

India’s MRPL seeks more Saudi oil 04 Apr 2013 - 01:42 am

NEW DELHI: Indian state-owned refiner MRPL has asked for more Saudi Arabian oil in April, according to an industry source close to the...

UK’s gas prices up as cold spell bites 04 Apr 2013 - 01:41 am

LONDON: British spot gas prices rose slightly yesterday morning as cold weather and low storage kept the system tight although supply from liquefied...

IMF commences talks on $4.8bn loan to Egypt 04 Apr 2013 - 01:41 am

CAIRO: An International Monetary Fund (IMF) team resumed long delayed negotiations with Egypt yesterday on a $4.8bn loan to ease an economic crisis...

UAE marine firm signs $2.4bn deals 04 Apr 2013 - 01:41 am

Abu Dhabi: Abu Dhabi Marine Operating Company (ADMA-OPCO) has signed two Engineering, Procurement and Construction (EPC) contracts valued at around $2.4bn for the...

Tunisia inflation at 5-year high 04 Apr 2013 - 01:39 am

TUNIS: Tunisia’s consumer price inflation jumped to 6.5 percent in March, the highest rate in at least five years, from 5.8 percent in...

Qatar’s spending could fall after 2017 03 Apr 2013 - 12:45 am

The Minister of Economy and Finance H E Yousuf Hussein Kamal at the Arab Finance Ministers summit in Dubai, yesterday. DUBAI: The government...

Muntajat reaches another milestone 03 Apr 2013 - 12:43 am

From left: The Minister of Energy and Industry and Chairman of the Board of Directors of Muntajat H E Dr Mohammed bin Saleh...

Barwa Group’s key projects in final stages 03 Apr 2013 - 12:42 am

The Chairman of Barwa Real Estate Group Hitmi bin Ali Al Hitmi (centre) addressing the ordinary general meeting of the Group. Abdul Basit...

Higher spending fails to lift Qatari equities 03 Apr 2013 - 12:10 am

DOHA: Higher allocations for public spending, particularly on infrastructure development projects, in the budgetary estimates unveiled for the current financial year (2013-14) last...

RasGas opens hi-tech warehouse at Ras Laffan 03 Apr 2013 - 12:00 am

Officials of RasGas during the opening ceremony of the state-of-the-art warehouse at its Ras Laffan premises. Doha: RasGas Company Limited (RasGas) recently opened...

Dubai’s bourse recovers after 2-month slump 02 Apr 2013 - 11:59 pm

DUBAI: Dubai’s index rebounded from a two-month low yesterday, although thin trading left investors unsure whether these gains marked the end of a...

Cb selects two banks for bond sale 02 Apr 2013 - 11:59 pm

DUBAI: Commercialbank of Qatar (Cb), which is buying a majority stake in Turkish lender Alternatifbank, has picked two banks for a potential bond...

Banks may earn lower yields in Q1 02 Apr 2013 - 11:58 pm

By Satish Kanady DOHA: Weighed down by heavy lending to government-supported projects, Qatari banks are likely to earn lower yields during the first...

Bankrupt French refinery gets two bids 02 Apr 2013 - 11:57 pm

The Petroplus oil refinery in Petit-Couronne, which is threatened with closure. ROUEN, France: Bankruptcy administrators for the Petroplus oil refinery in Normandy have...