Business

DRAM chip shortage puts Samsung in spot 29 Apr 2013 - 01:10 am

SEOUL: Samsung Electronics spent about $24bn in the past two years beefing up the world’s biggest maker of memory chips to meet demand....

New Tokyo index aimed at foreign investors 29 Apr 2013 - 01:10 am

TOKYO: Aiming to establish itself as a major exchange in Asia, the Tokyo Stock Exchange plans to create a new stock price index...

Oil’s Big Five hit by crude drop as spending soars 29 Apr 2013 - 01:04 am

LONDON: The biggest oil companies are failing to increase earnings as crude trades near a nine-month low, production wanes and costs rise. ExxonMobil...

Commodity markets rebound on growing risk appetite 29 Apr 2013 - 01:00 am

LONDON: Global commodity markets rebounded this week from recent losses on the back of growing investor appetite for risk, dealers said. “Commodity prices...

100 UAE firms for Project Qatar 2013 28 Apr 2013 - 04:50 am

Officials pose for a group picture at the press conference in Dubai yesterday. DOHA: The 10th edition of Project Qatar will be held...

Mena growth bucks global trends: QNB Group 28 Apr 2013 - 04:48 am

Doha: The IMF has revised down its projections for 2013 global growth by 0.2 percentage points to 3.3 percent, yet again pushing back...

Hassad Food appoints Fahad Al Subaiey as CEO 28 Apr 2013 - 04:47 am

DOHA: Hassad Food, Qatar’s premier investor in the agriculture and livestock sectors announced yesterday the appointment of Fahad Abdulla Turki Al Subaiey (pictured)...

Arab Bank profit edges up in Q1 28 Apr 2013 - 04:46 am

AMMAN: Jordan-based Arab Bank Group made a net profit of $205.1m in the first quarter of the year, up from $204.4m in the...

Sudan sugar firm plans biofuel expansion 28 Apr 2013 - 04:46 am

KHARTOUM: Kenana, Sudan’s biggest sugar producer, plans to more than triple its ethanol output within two years to become a major biofuel exporter...

Barwa Bank wins Banker Middle East Awards 28 Apr 2013 - 04:43 am

Steve Troop (left), CEO of Barwa Bank, and Hussain Al Abdullah, Head of Retail Banking, receiving the awards. DOHA: Barwa Bank Group has...

First 787 flight since grounding lands in Nairobi 28 Apr 2013 - 04:43 am

ADDIS ABABA: Ethiopian Airlines yesterday became the world’s first carrier to resume flying Boeing Co’s 787 Dreamliner passenger jets, landing the first commercial...

The First Investor wins ‘Best Investment Fund’ award 28 Apr 2013 - 04:42 am

DOHA: The First Investor (TFI), the investment banking subsidiary of Barwa Bank Group has won the award for “Best Investment Fund”, one of...

New lease of life for EO.N plant 27 Apr 2013 - 12:40 am

Pressure control valves inside the gas-fired power plant of German utility giant E.ON in Irsching near the southern Bavarian town of Ingolstadt yesterday....

Bank of Japan boosts economy, inflation view 27 Apr 2013 - 12:39 am

Bank of Japan Governor Haruhiko Kuroda leaves after a news conference in Tokyo yesterday. TOKYO: The Bank of Japan yesterday boosted its inflation...

Zain feels the heat in South Sudan market 27 Apr 2013 - 12:38 am

DUBAI/JUBA: Mobile phone group Zain knew it was facing a challenge when it set out to build up its network in Africa’s newest...

US Q1 growth quickens, misses forecasts 27 Apr 2013 - 12:38 am

WASHINGTON: US economic growth regained speed in the first quarter, but not as much as expected, which could heighten fears the already weakening...

China tells France it wants more balanced trade 27 Apr 2013 - 12:37 am

SHANGHAI: Chinese Premier Li Keqiang was quoted as telling French President Francois Hollande yesterday that Beijing wants more balanced trade with France and...

Oil falls below $103 on poor global growth outlook 27 Apr 2013 - 12:37 am

LONDON: Brent crude oil slid below $103 a barrel yesterday after rising $3 in the past two sessions as investors were cautious over...