Business

Qantas-Emirates alliance wins conditional approval 21 Dec 2012 - 01:31 am

SYDNEY: Australia’s competition watchdog yesterday gave its preliminary approval to a global alliance between struggling carrier Qantas and Dubai-based Emirates, but only for...

Spain opens case against former IMF chief 21 Dec 2012 - 01:30 am

People hold placards reading “We want our money back” during a demonstration against Bankia bank and former IMF chief Rodrigo Rato in front...

Iran sidesteps sanctions to export fuel oil 21 Dec 2012 - 01:29 am

DUBAI/GENEVA: Iran is becoming increasingly creative in dodging Western sanctions, managing to sell a rising volume of fuel oil to generate revenue equal...

Exports, govt spending buoy US growth 21 Dec 2012 - 01:29 am

WASHINGTON: The US economy grew faster than previously estimated in the third quarter as exports and government spending provided a lift, but that...

European stocks tread water; euro edges up 21 Dec 2012 - 01:23 am

LONDON: Europe’s main stock markets treaded water yesterday, with investors nervous that US leaders have still not agreed a deal to avert the...

BNP to divest Egyptian assets 21 Dec 2012 - 01:21 am

DUBAI: BNP Paribas SA, France’s largest bank, agreed to sell its Egyptian arm to Dubai lender Emirates NBD for $500m as French lenders...

Al Sada meets Hungarian envoy 20 Dec 2012 - 04:27 am

The Minister of Energy and Industry, Chairman and Managing Director of Qatar Petroleum, H E Dr Mohammed bin Saleh Al Sada, received a...

‘Beyond Doha’ agenda to top world chamber meet 20 Dec 2012 - 04:25 am

DOHA: Qatar Chamber (QC), the host organisation of the ICC WCF 8th World Chambers Congress and Exhibition, is busy making last round preparations...

Ukraine-Russia gas talks impasse 20 Dec 2012 - 03:25 am

A pressure gauge is seen at a gas compressor station in the village of Boyarka, outside Kiev, yesterday. Ukraine’s president Viktor Yanukovich pulled...

Oil rises on US budget deal hopes 20 Dec 2012 - 03:24 am

NEW YORK: Oil prices rallied yesterday on expectations a battle over the US budget will be resolved and reduce the threat of recession...

Mitsubishi expands recall to 1.7m vehicles 20 Dec 2012 - 03:24 am

TOKYO: Mitsubishi Motors yeserday widened a recall over an oil leak issue on vehicles sold in Japan to about 1.7 million vehicles, prompting...

General Motors to buy stake from Treasury 20 Dec 2012 - 03:23 am

New York: General Motors Co said yesterday it will buy back 200 million of its shares from the US Treasury, which intends to...

Shell, Texas A&M sign pact for analytical testing 20 Dec 2012 - 01:50 am

DOHA: Qatar Shell has recently signed an agreement with Texas A&M University Qatar to conduct analytical testing of its samples from Pearl Gas...

UBS hit with $1.5bn fine in Libor scandal 20 Dec 2012 - 01:49 am

LONDON: Regulators slapped $1.5bn in fines on Swiss banking giant UBS yesterday, the second-largest amount ever, for rigging the key global Libor interest...

Private equity group eyes Abu Dhabi healthcare IPO next year 20 Dec 2012 - 01:49 am

DUBAI: The private equity consortium which owns half of Abu Dhabi healthcare provider Al Noor Medical is reviving plans to sell its stake...

Emaar signs $500m Turkey real estate loan 20 Dec 2012 - 01:49 am

DUBAI: Emaar Properties signed a $500m loan to finance its project in Turkey, as a gradual recovery in Dubai’s battered property market helps...

E.ON sells stake in unit to Swedish firm 20 Dec 2012 - 01:48 am

BERLIN: Germany’s biggest power supplier, E.ON, said yesterday that it agreed to sell a majority stake in its troubled waste incineration business to...

QFBA to hone skills of Qatar Exchange staff 20 Dec 2012 - 01:46 am

Officials from Qatar Exchange and Qatar Finance & Business Academy during the signing ceremony. DOHA: Qatar Exchange (QE) and Qatar Finance & Business...