Business

Opec output falls in December 05 Jan 2013 - 01:01 am

LONDON: Opec oil output fell in December to its lowest in more than a year as Iranian exports dipped again because of sanctions,...

Turkish gold exports rise 800pc on demand from Iran 05 Jan 2013 - 01:01 am

ISTANBUL: Turkey’s gold exports rose nearly 800 percent last year on the back of soaring sales to Iran and the trade will continue,...

Asian LNG spot prices hold gains on cold snap 05 Jan 2013 - 12:53 am

PERTH: Asian liquefied natural gas (LNG) spot prices rose slightly above $17 per million British thermal units (mmBtu) this week as a cold...

Egypt fights to prop up pound 04 Jan 2013 - 05:33 am

CAIRO/LONDON: Egypt dipped deeper into its rapidly shrinking currency reserves yesterday, fighting to slow a sliding pound which is likely to push up...

QE market capitalisation rises to QR470.25bn 04 Jan 2013 - 05:32 am

Doha: Qatar Exchange’s main index gained 257.91 points (3.10 percent) in the first week of the New Year when trading closed at 8,569.13...

German jobless rate increases to 2.94 million 04 Jan 2013 - 05:32 am

FRANKFURT: Unemployment in Germany remains close to record lows as the labour market continues to hold up comparatively well to the eurozone debt...

Turkey signs $12bn energy investment deal with UAE firm 04 Jan 2013 - 05:32 am

ANKARA: Turkey tied up a giant agreement with the UAE yesterday for the development of coal fields in southern Turkey to generate electricity...

Unemployment drop raises hope in Spain 04 Jan 2013 - 05:31 am

MADRID: Spain’s right-leaning government hailed a rare glimmer of economic hope yesterday when figures showed the jobless queue shrank in December, but unemployment...

Chrysler outpaces GM, Ford in December sales 04 Jan 2013 - 05:30 am

Robots weld part of a Chrysler SUV at the Jefferson North Assembly Plant in Detroit, Michigan. CHICAGO: US auto sales roared ahead in...

Gulf markets stay strong; Egypt at nine-week high 04 Jan 2013 - 05:30 am

DUBAI: Egypt’s stock market rose to a nine-week high yesterday as investors continued to bet that authorities would succeed in managing depreciation of...

US private sector steps up hiring 04 Jan 2013 - 05:29 am

WASHINGTON: US private-sector employers shrugged off a looming budget crisis and stepped up hiring in December, offering further evidence of underlying strength in...

European stocks mixed as fiscal deal rally fades 04 Jan 2013 - 05:29 am

LONDON: European stock markets were mixed yesterday as investor enthusiasm waned over the US fiscal cliff deal that had sparked a rousing global...

QE Al Rayan Islamic index debut on Jan 7 03 Jan 2013 - 01:31 am

Rashid Al Mansoori and Adel Mustafawi shaking hands after the signing ceremony. DOHA: Qatar Exchange (QE) and Al Rayan Investment yesterday announced the...

Spain woes 03 Jan 2013 - 01:29 am

A beggar sits next to an ATM in the Andalusian capital of Seville, Spain, yesterday.

Egyptian pound falls to new low against dollar 03 Jan 2013 - 01:29 am

CAIRO: The Egyptian pound fell to record lows and debt insurance costs soared yesterday despite assurances by the country’s Islamist leaders they would...

Al Meera gets nod for rights float to increase capital 03 Jan 2013 - 01:29 am

DOHA: Al Meera Consumer Goods Company has announced that the proposal to increase the capital through a rights issue of 100 percent of...

Qatarlyst eyeing partners 03 Jan 2013 - 01:28 am

DOHA: The Qatarlyst Group, comprising Qatar Insurance Services LLC, Qatarlyst SPC and Qatarlyst Limited, and collectively called “Qatarlyst” is on a partnership search. ...

Brent rallies 03 Jan 2013 - 01:28 am

NEW YORK: Oil prices rose to near 11-week highs yesterday, joining in a cross-market New Year rally after the US Congress approved a...