Business

Arab Bank Group net profit rises 15 percent in 2012 03 Feb 2013 - 04:00 am

AMMAN: Jordan’s largest lender, Arab Bank Group, posted a 15 percent rise in 2012 net profit to $352m on higher revenues, with its...

RBS bonuses at risk as UK intervenes on Libor fines 03 Feb 2013 - 03:58 am

LONDON: Royal Bank of Scotland faces the prospect of scrapping all bonuses for its investment bankers this year to free up cash to...

Asian LNG prices rise towards new record 03 Feb 2013 - 03:57 am

LONDON: Asian liquefied natural gas (LNG) prices rose toward record highs this week as fresh production outages in Norway and project delays in...

Revolts hit Mideast tourism 02 Feb 2013 - 03:04 am

An aerial view of Atlantis Hotel and The Palm Jumeirah in Dubai. DUBAI: The revolts that began in Tunisia at the end of...

Manufacturing activity in China expands 02 Feb 2013 - 03:03 am

A girl walks past a model of a watch at a museum in Beijing, yesterday. Manufacturing activity in China expanded in January, two...

US jobless rate rises to 7.9pc amid slow growth 02 Feb 2013 - 03:03 am

WASHINGTON: Unemployment in the United States ticked up in January while jobs growth slowed, but the labour market had a better year in...

Barclays boss gives up 2012 bonus 02 Feb 2013 - 03:03 am

LONDON: Barclays bank Chief Executive Antony Jenkins announced yesterday that he would forego his 2012 bonus after a “very difficult year” at the...

Samsung chief wins $4bn family court case 02 Feb 2013 - 03:02 am

SEOUL: Samsung Electronics Chairman Lee Kun-Hee won a court ruling yesterday against demands from his siblings to hand over billions of dollars in...

Major carmakers extend US sales gains in January 02 Feb 2013 - 03:02 am

CHICAGO: US vehicle sales looked set to extend a lengthy streak of gains in January as General Motors, Ford, Chrysler and Toyota posted...

British camera retailer Jessops sold after collapse 02 Feb 2013 - 03:02 am

LONDON: Britain’s failed camera retailer Jessops has been purchased by a group that includes entrepreneur Peter Jones, who stars on business-themed television show...

Jet Airways flies into quarterly profit 02 Feb 2013 - 02:59 am

A Jet Airways aeroplane takes off from Sardar Vallabhbhai Patel International Airport in the western Indian city of Ahmedabad, yesterday MUMBAI: India’s biggest...

Key European equities rise 02 Feb 2013 - 02:59 am

LONDON: Most European stock markets posted strong gains yesterday on reassuring US jobs data, but Madrid was hit by news of falling profits...

US household spending edges up 01 Feb 2013 - 12:08 pm

People walk by advertising signs for seasonal sales in New York. Consumers held tight to their wallets in December, the key holiday shopping...

QE market cap rises to QR475bn in January 01 Feb 2013 - 12:07 pm

DOHA: The banking and financial services sector lifted the trading value of shares on Qatar Exchange by 55.66 percent during the month of...

Brent edges up 01 Feb 2013 - 12:07 pm

NEW YORK: Brent crude oil prices edged higher, briefly touching a three-month high, as traders weighed mixed economic data from the United States...

QLG to open store in Paris 01 Feb 2013 - 12:06 pm

DOHA: Qatar Luxury Group (QLG) has announced its plans to open a store in Paris after its fashion brand is launched in Doha...

Real estate deals to pick up, says report 01 Feb 2013 - 12:06 pm

DOHA: The final week of January 2013 saw 28.7 percent decline in real estate transactions, Ezdan Holding’s weekly real estate report noted. However,...

Qtel plans to raise Asiacell stake in Iraq share sale 01 Feb 2013 - 12:06 pm

BAGHDAD: Qatar Telecom (Qtel) plans to raise its stake in Asiacell as part of the Iraqi unit’s $1.35bn share sale, a Baghdad bourse...