Business

Vietnam growth gathers steam 25 Dec 2013 - 07:36 am

Vendors sell dolls and balloons on a street in Hanoi yesterday. Vietnam’s economy grew 5.42 percent in 2013, picking up speed slightly after...

Hong Kong economy rises 25 Dec 2013 - 07:35 am

A Star Ferry (bottom) sails in front of the Hong Kong skyline. Hong Kong’s economy grew “moderately” year-on-year in the third quarter as...

QE geared up for MPHC share trading: CEO 25 Dec 2013 - 07:33 am

DOHA: Qatar Exchange (QE) is well-equipped to trade the 300 million plus shares of Mesaieed Petrochemical Holding Company (MPHC) entering the primary market...

Gulf bond issuance to surge in 2014 25 Dec 2013 - 07:33 am

DUBAI: Bond issuance from the Gulf Arab region is set to surge next year on the back of heavy infrastructure spending and refinancing...

Indian rupee gains for third day in low volumes 25 Dec 2013 - 07:33 am

MUMBAI: The rupee gained for a third straight session, strengthening to a one-week high on exporter dollar sales, but weaker domestic shares limited...

Oil rises on South Sudan supply cut 25 Dec 2013 - 07:32 am

NEW YORK: Brent oil rose yesterday, hovering at a two-week high, as conflict in South Sudan threatened the country’s oil output at a...

Foreign money stokes Spanish property market 25 Dec 2013 - 07:32 am

MADRID: A grand yellow-brick edifice in Madrid’s poshest shopping district, the ABC Serrano mall, is a Spanish symbol of tradition and elegance. Only...

Syria issues food tender with Iran credit 25 Dec 2013 - 07:31 am

ABU DHABI: A Syrian state purchasing agency has issued a tender to buy 50,000 tonnes of flour with payment through an Iranian credit...

China to aim for 7.5pc growth next year as exports recover 25 Dec 2013 - 07:31 am

BEIJING: China will likely stick with this year’s growth target of 7.5 percent for 2014 as top leaders balance the need to keep...

French economy contracted 0.1 percent in third quarter 25 Dec 2013 - 07:30 am

PARIS: France’s economy contracted 0.1 percent in the third quarter, the statistics body INSEE confirmed yesterday, but indicated the country should dodge recession...

SEC revives insider trading suit over Onyx shares 25 Dec 2013 - 07:28 am

New York: US securities regulators have filed a new lawsuit accusing two Dubai residents of illegally trading in Onyx Pharmaceuticals Inc stock based...

Qatari bourse index adds 45.30 points 25 Dec 2013 - 07:27 am

Doha: Qatar Exchange pursued its upswing trend yesterday adding 45.30 points, or 0.43 percent, to advance to 10,498.45 points from 10,453.15 on Monday....

Russian firms at risk of US stimulus withdrawal 25 Dec 2013 - 07:27 am

MOSCOW: Russian banks and companies may face higher money market rates or a weaker rouble due to the US withdrawal of monetary stimulus,...

ING sells S Korean insurance arm for €1.27bn 25 Dec 2013 - 07:26 am

THE HAGUE: Dutch banker ING yesterday said it has completed the sale of its South Korean insurance arm ING Life Korea to private...

GIC buys 50pc stake in London office complex 25 Dec 2013 - 07:26 am

SINGAPORE: One of Singapore’s sovereign wealth funds confirmed yesterday it had acquired a 50 percent stake in a major City of London office...

‘Fuwairit’ delivers first cargo to India 24 Dec 2013 - 09:20 am

RasGas’ Liquefied Natural Gas tanker ‘Fuwairit’ berthed at the Kochi LNG Receiving Terminal in India. DOHA: RasGas successfully delivered its first cargo aboard...

QIC to set up department for corporate social responsibility programmes 24 Dec 2013 - 09:19 am

The chief executive officer of QIC Khalifa Al Sub’ie DOHA: Qatar Insurance Company (QIC) is planning to set up a special department for...

Drake & Scull wins QR400m mall deal 24 Dec 2013 - 09:18 am

A computer rendition of the Mall of Qatar. DOHA: Drake & Scull Qatar (DSI Qatar), a wholly-owned subsidiary of Drake & Scull International...