Business

Turkey halts energy deals with ENI over Cyprus row 28 Mar 2013 - 01:09 am

ANKARA: Turkey has suspended energy projects with Italian giant ENI because it is involved in exploration for oil and gas off the divided...

1,600 UAE taxis to run on LNG 28 Mar 2013 - 12:42 am

Abu Dhabi: In light of the lowering cost of gas-operated taxis worldwide, Sharjah, one of the seven emirates of the UAE, is planning...

Qatar, Peru to avoid double taxation 27 Mar 2013 - 06:42 am

The Director of Public Revenue and Tax Department of the Ministry of Economy and Finance, Moftah Jassim Al Moftah (third left), with the...

QP takes part in Beijing IPTC 2013 27 Mar 2013 - 06:41 am

The Manager for Public Relations and Communications at QP, Abdulrahman Al Obaidly (right), receiving an official at the QP stand at the Beijing...

UK construction, consultancy firms eye Qatar expansion plans 27 Mar 2013 - 06:40 am

DOHA: British construction and consultancy firms are planning to advance their Qatar expansion plans in 2013 as the Gulf country gets ready to...

Qatar ‘must be wary’ of construction inflation 27 Mar 2013 - 06:40 am

DOHA: Qatar’s construction inflation could reach a high 18 percent per annum over the next decade unless an effective action is taken, cautioned...

Doha banks report biggest contraction in interest spreads 27 Mar 2013 - 06:39 am

DOHA: Qatar-based banks reported the biggest contraction in interest spreads, down 12bps, in the region during 4Q12. The contraction is due to competitive...

Dreamliner turbulence may end soon 27 Mar 2013 - 06:38 am

A LOT Polish Airlines Boeing 787 Dreamliner with a redesigned lithium-ion battery touches down after a test flight at Paine Field in Evertt,...

Britain eases rules for new banks 27 Mar 2013 - 06:37 am

LONDON: Start-up banks in Britain will not need as much capital as their established rivals starting from April, Britain’s Financial Services Authority (FSA)...

Next Media’s plan to sell Taiwan printing operations in doubt 27 Mar 2013 - 06:37 am

TAIPEI: Hong Kong media tycoon Jimmy Lai’s Next Media yesterday said that controversial plans to sell its Taiwan print operations are likely to...

BRICS seeks deal to set up new development bank 27 Mar 2013 - 06:37 am

DURBAN, South Africa: BRICS emerging powers yesterday sought a deal on setting up a development bank that would rival Western-backed institutions, trying to...

Microsoft faces new challenge from open source group 27 Mar 2013 - 06:36 am

MADRID: A Spanish association representing open-source software users has filed a complaint against Microsoft Corp to the European Commission, in a new challenge...

Weekly Commodity Update: Cyprus impact on commodities 27 Mar 2013 - 06:29 am

By Ole Hansen (Senior Commodity Strategist, Saxo Bank) The Eurozone debt crisis came back to the fore this week with the crisis in...

Techno Blue opens hi-tech showroom in Al Khor 27 Mar 2013 - 06:28 am

The President of Samsung Gulf Electronics, Y S Kim, and Chairman of Techno Blue, Nabil A R Abu Issa, during the opening ceremony....

Protests pull Egyptian bourse to 15-week low 27 Mar 2013 - 06:25 am

DUBAI/Doha: Ongoing selling pressure from foreign investors on Egypt’s gloomy political and economic outlook dragged the bourse down to a 15-week low, while...

Egypt plans to apply gains tax in QNB bid for NSGB 27 Mar 2013 - 06:24 am

CAIRO: Shareholders and investment funds that make capital gains from Qatar National Bank’s (QNB) bid for Cairo-based National Societe Generale Bank (NSGB) will...

Cyprus banks remain shuttered 27 Mar 2013 - 06:22 am

Cypriot students shout slogans during an anti-bailout protest outside the presidential palace in Nicosia yesterday. NICOSIA: Cyprus reversed a decision to reopen some...

UK spot gas prices stay high on cold weather 27 Mar 2013 - 06:21 am

A man uses a shovel to clear snow from his car in Llangollen, north Wales, yesterday as thousands in Scotland and Northern Ireland...