Business

Honda to cut 800 jobs in UK 12 Jan 2013 - 12:40 am

LONDON: Japanese carmaker Honda plans to cut around 800 jobs at its plant near Swindon in southwest England due to falling demand for...

Italy debt offering sends three-year yields below 2pc 12 Jan 2013 - 12:40 am

MILAN: Return-hungry investors snapped up Italian bonds at an auction yesterday, pushing yields on three-year paper below two percent for the first time...

Tullow drilling in spotlight after mixed 2012 data 12 Jan 2013 - 12:38 am

LONDON: Tullow Oil Plc has a record 49 wells planned this year, and drilling engineers due to deliver news by February are under...

Dubai’s Gold Souq 11 Jan 2013 - 05:55 am

Employees arrange jewellery at a shop at the Gold Souq in Dubai, yesterday. Gold rose over 1 percent to over $1,675 an ounce...

Qatar Foundation to buy major stake in Ahli Bank 11 Jan 2013 - 05:55 am

DOHA: Ahli United Bank, Bahrain’s largest listed lender, has agreed to sell its influential stake in Qatar’s Ahli Bank (ABQ) to Qatar Foundation...

Iraq says can sue over illegal oil exports 11 Jan 2013 - 05:53 am

BAGHDAD: Iraq has the right to take legal action against oil companies exporting crude without dealing with the central government, including confiscating cargoes...

Saudi cuts oil production as demand eases 11 Jan 2013 - 05:53 am

DUBAI: Saudi Arabia has cut oil production substantially, moving to fend off a growing overhang in world oil supply and defend prices well...

QJet supplies QA with ultra-clean GTL jet fuel 11 Jan 2013 - 05:52 am

DOHA: As part of its effort to meet the world’s growing demand for cleaner energy, Qatar Jet Fuel Company (QJet) yesterday announced of...

Nabucco pipeline boosts prospects with Azeri deal 11 Jan 2013 - 05:52 am

SOFIA/LONDON: Azerbaijan’s Shah Deniz gas group has agreed a deal that could see it take a stake in the Nabucco pipeline to transport...

Lebanon, Cyprus to boost energy extraction efforts 11 Jan 2013 - 05:52 am

BEIRUT: Lebanese president Michel Sleiman yesterday said that Lebanon and Cyprus will boost their efforts in oil and gas extraction after he held...

Sony to sell Tokyo building 11 Jan 2013 - 05:51 am

TOKYO: Japan’s Sony plans to sell one of its main buildings in Tokyo as the former electronics titan tries to raise enough cash...

Bullish sentiments across Gulf bourses 11 Jan 2013 - 05:50 am

DUBAI: Bullish sentiment towards UAE equities propelled Dubai’s bourse to a two-year closing high yesterday, driven by bets on stronger dividends and 2012...

QE index gains 2.48pc in second week 11 Jan 2013 - 05:50 am

DOHA: Qatar Exchange (QE) extended its bullish trend yesterday edging 1.01 percent or 87.81 points to close at 8,781.70 levels. All the sector...

World shares touch 8-month high; euro rises 11 Jan 2013 - 05:49 am

NEW YORK: World stock prices rose to an eight-month high yesterday and oil prices climbed as news of stronger-than-expected Chinese exports raised hopes...

Ford doubles dividend after success 11 Jan 2013 - 05:49 am

NEW YORK: Ford shares jumped 2.4 percent yesterday after the top US carmaker said it would double its dividend for this year. The...

UK energy efficiency firms ‘breaching consumer law’ 11 Jan 2013 - 05:49 am

LONDON: A number of British companies offering energy efficiency measures such as insulation or double glazing may be breaching consumer law, the fair...

UK Ombudsman hiring 1,000 to handle mis-selling claims 11 Jan 2013 - 05:48 am

LONDON: Britain’s financial ombudsman service is taking on 1,000 new staff this year to deal with a growing backlog of complaints over mis-sold...

QA makes history with first commercial flight on GTL fuel 10 Jan 2013 - 06:40 am

The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada and Qatar Airways CEO Akbar Al Baker with other...