Business

First quarter net profit of TAQA down 80 percent 08 May 2013 - 11:16 pm

ABU DHABI: Abu Dhabi National Energy Co (TAQA), the state-owned oil explorer and power supplier, yesterday said first-quarter net profit tumbled 80 percent...

Toshiba quarterly profit tumbles 08 May 2013 - 11:15 pm

TOKYO: Japan’s Toshiba said yesterday that its quarterly net profit tumbled 62 percent from a year earlier as demand for its televisions, computers...

Full-year net profit triples to $9.7bn: Toyota 08 May 2013 - 11:14 pm

A visitor walks past a Toyota car at a showroom in Tokyo yesterday. TOKYO: Toyota yesterday said its full-year net profit more than...

GPA technical conference 08 May 2013 - 01:33 am

Fahad Al Subaiey (left) Chairman, Gas Process Association (GPA), addressing the 21st Annual Technical Conference Programme organised by the GCC Chapter of GPA...

Stable outlook for seven Qatari banks: Fitch 08 May 2013 - 01:32 am

DOHA: Global rating agency, Fitch Ratings, in its latest peer review report has affirmed seven Qatari banks, both conventional and Islamic, with stable...

Dubai looking at alternative plan to repay debt if asset sale fails 08 May 2013 - 01:32 am

DUBAI: Favourable market conditions may prompt Dubai to issue another sovereign bond this year, a top official said yesterday, adding that the emirate...

German industrial orders rise 08 May 2013 - 01:30 am

New cars of Volkswagen, Mercedes-Benz, BMW and Porsche ready for shipping in the harbour of Bremerhaven, Germany. German industrial orders posted a surprise...

Airbus sales help cut French trade deficit 08 May 2013 - 01:30 am

PARIS: France showed a sharply reduced trade deficit of ¤4.69bn ($6.1bn) in March from ¤6.01bn in February, owing mainly to the sale of...

Energy subsidies distort Saudi economy: Minister 08 May 2013 - 01:30 am

RIYADH: Saudi Arabia should cut energy subsidies that are burdening public finances, the economy minister and the head of the state-run utility said,...

Oil prices retreat on profit-taking 08 May 2013 - 01:29 am

LONDON: Global oil prices fell yesterday as dealers took profits after a recent rally on robust US jobs data and rising tensions in...

Corporate social responsibility meet on May 28 08 May 2013 - 01:29 am

DOHA: The Ministry of Business and Trade is organising a conference on corporate social responsibility on May 28 and 29 at the Ritz-Carlton....

Q-Coat studies coated steel bars’ resilience 08 May 2013 - 01:25 am

From left: Wakeel Khalid from Qatar Steel Company, Dr John Lawler of WJE Associates-USA, Abdulrahman Abdulla Al Ansari of Qatar Industrial Manufacturing Company,...

BRD first quarter profits down 08 May 2013 - 01:24 am

Employees of Romania’s largest listed bank BRD, controlled by France’s Societe Generale, talk on a terrace of the bank headquarters in Bucharest yesterday....

Dow Chemical receives $2.2bn in damages from Kuwait 08 May 2013 - 01:23 am

Kuwait: Dow Chemical Co has received $2.2bn in damages from Kuwait’s state chemicals company, bringing an end to a more than four-year dispute...

Solution to Iraq-Kurd oil dispute unlikely 08 May 2013 - 01:23 am

BAGHDAD/ARBIL: A lasting solution to Iraq’s dispute with its Kurdish north is unlikely even if recent talks between the two sides lead to...

Emal plans expansion to meet global demand 08 May 2013 - 01:23 am

ABU DHABI: Emirates Aluminium (Emal), a joint venture between Abu Dhabi investment fund Mubadala and Dubai Aluminium, is planning a further smelter expansion...

Australia cuts interest rate to record low of 2.75 percent 08 May 2013 - 01:08 am

SYDNEY: Australia’s central bank cut interest rates to a record low 2.75 percent yesterday as investment in the Asia-driven mining sector hits its...

Nokia investors tell CEO their patience running thin 07 May 2013 - 11:08 pm

Chairman of Nokia Board, Risto Siilasmaa, opens the shareholders meeting in Helsinki, Finland, yesterday. HELSINKI: Nokia investors told Chief Executive Stephen Elop yesterday...