Business

UK launches new financial regulators 02 Apr 2013 - 11:56 pm

LONDON: Britain launched its new system of financial supervision yesterday, hoping that two new regulators will succeed where a single one failed in...

Damac plans share listing 02 Apr 2013 - 11:56 pm

DUBAI: Damac Properties, a privately-held Dubai developer, is considering listing its shares on the stock market and has approached banks with proposals for...

Egypt’s foreign reserves slightly lower in March 02 Apr 2013 - 11:56 pm

DUBAI: Egypt’s Central Bank governor yesterday said that foreign exchange reserves had fallen slightly in March from February’s level of $13.5bn. Governor Hisham...

Cypriot finance minister steps down 02 Apr 2013 - 11:54 pm

NICOSIA: Finance Minister Michalis Sarris resigned yesterday, hours after a judicial probe was launched into how Cyprus was pushed to the verge of...

Japan to start LNG futures contract 02 Apr 2013 - 11:54 pm

Tokyo: Japan is preparing to create the world’s first futures trading contract for liquefied natural gas in a bid to stabilise the commodity’s...

Qatar wants stable gas price: PM 02 Apr 2013 - 06:20 am

The Prime Minister and Foreign Minister H E Sheikh Hamad bin Jassem bin Jabor Al Thani addressing the Brookings Doha Energy Forum yesterday....

Budget evokes mixed response 02 Apr 2013 - 06:19 am

Ahmed Al Khalaf DOHA: The budgetary estimates for the current fiscal year (2013-14) with increased public spending, that were unveiled yesterday, have evoked...

Demand for Saudi oil to grow: Minister 02 Apr 2013 - 06:17 am

Saudi oil minister Ali bin Ibrahim Al Nuaimi in Doha yesterday. DOHA: Demand for Saudi crude is likely to rise over the next...

Brent higher in choppy trading 02 Apr 2013 - 06:17 am

NEW YORK: Brent crude rose above $111 a barrel in choppy trading yesterday as Saudi Arabia predicted robust demand from Asia, while US...

Qatar has 40pc reserve margin in electricity 02 Apr 2013 - 06:16 am

DOHA: Due to a rapid expansion in its generation capacity, Qatar is sitting on a high 40 percent reserves in the power sector....

Orascom bid fails to buoy Cairo bourse 02 Apr 2013 - 06:15 am

Traders work at the Egyptian Exchange in Cairo, yesterday. DUBAI: A buyout offer for Orascom Telecom, Egypt’s second-largest listed company, failed to buoy...

Qatari bourse gains 49.14 points in March 02 Apr 2013 - 06:15 am

DOHA: Qatar Exchange (QE) Index gained 49.14 points or 0.58 percent during March 2013 compared to the previous month to close at 8,577.72...

17 firms suspended in Kuwait 02 Apr 2013 - 06:14 am

KUWAIT CITY: The Kuwait Stock Exchange yesterday suspended trading in the shares of 17 listed firms for failing to report their annual financial...

Tunisia expects $1.7bn IMF deal in May 02 Apr 2013 - 06:14 am

TUNIS: Tunisia expects to sign a $1.7bn loan deal with the International Monetary Fund next month after a delay due to the crisis...

China factories rise; US manufacturing slows 02 Apr 2013 - 06:14 am

NEW YORK/BEIJING: Strong demand at home boosted activity at Chinese factories last month, but US manufacturing hit an unexpected speed bump after expanding...

Emirates, Qantas seek more tie-ups 02 Apr 2013 - 06:13 am

Emirates aircraft taxi at the Dubai International Airport yesterday. DUBAI: Dubai’s flagship carrier Emirates and Australia’s Qantas Airways Ltd will look to extend...

Bahrain’s growth slows as energy output stalls 02 Apr 2013 - 06:11 am

DUBAI: Bahrain’s economic growth slowed sharply in the final quarter of 2012 as growth in hydrocarbon output stalled and two years of social...

Profits surge at Dubai ruler’s flagship firm 02 Apr 2013 - 06:11 am

DUBAI: The flagship company in the ruler of Dubai’s personal business empire increased profits sixfold in 2012, benefiting from cost cuts and a...