Business

Milaha takes delivery of DSV 01 Jun 2014 - 01:42 am

Doha: Halul Offshore Services Co (HOSC) and its parent company, Milaha, have taken delivery of their newest state-of-the-art Dive Support Vessel (DSV) “Shaddad”. ...

Moody’s grants Islamic Insurance positive outlook 01 Jun 2014 - 01:42 am

DOHA: Qatar Islamic Insurance Company (QIIC) yesterday announced that ratings agency Moody’s Investors Service has affirmed its ‘Baa2’ insurance financial strength rating (IFSR)....

Spain to cut corporate tax, boost investments 01 Jun 2014 - 01:37 am

MADRID: Prime Minister Mariano Rajoy announced a new stimulus plan to boost Spain’s competitiveness, including €6.3bn ($8.6bn) of investments and a cut in...

Oman on way to new growth model: QNB 01 Jun 2014 - 01:36 am

Doha: Oman is on its way to a new growth model, QNB Group said in a weekly report yesterday. Figures released last month...

Pressure on Apple chief to prove innovative flare 01 Jun 2014 - 01:31 am

London: When Apple’s Chief Executive Tim Cook takes the stage at the Moscone Centre in San Francisco tomorrow, he will face one key...

Egypt opens tender to import fuel in July-Sept 01 Jun 2014 - 01:28 am

CAIRO: Egypt has launched a tender to import hundreds of thousands of tonnes of petroleum products in the third quarter of 2014, an...

Huge dip in Tunisia’s oil production 01 Jun 2014 - 01:28 am

Tunis: Tunisia’s oil production has declined, to reach for the first time 59,000 barrels per day from 115,000 barrels, since no exploration wells...

Venezuela to repay $2bn of debt to local importers 01 Jun 2014 - 01:16 am

CARACAS: Venezuela announced it would repay a small part its debt to local importers, after currency controls have sparked mass shortages of basic...

US bond market faces possible reckoning 01 Jun 2014 - 01:16 am

NEW YORK: The rally in US Treasury bonds surprised many, taking 10-year yields to their lowest levels in 11 months. Jobs data and...

Element close to buying PHH’s unit 01 Jun 2014 - 01:16 am

NEW YORK: Canadian equipment finance company Element Financial Corp is close to a deal to buy PHH Corp’s auto fleet leasing business for...

Dow, S&P 500 end at record highs 01 Jun 2014 - 01:15 am

NEW YORK: The Dow and the S&P 500 edged up to end at record highs on Friday, wrapping up four straight months of...

Leading investors cut cash holdings in May 01 Jun 2014 - 01:15 am

LONDON: The world’s top investors cut cash holdings in May to their lowest since November and put money to work in risky assets,...

RBC may invest in hedge funds 01 Jun 2014 - 01:15 am

TORONTO: Royal Bank of Canada may invest as much as $1bn in a hedge fund spun off from its proprietary trading business. RBC,...

Fed against using rates to fight asset bubbles 01 Jun 2014 - 01:14 am

PALO ALTO: A trio of US Federal Reserve officials who disagree deeply with one another over the appropriate stance of monetary policy expressed...

Plosser floats new approach on rates 01 Jun 2014 - 01:14 am

PALO ALTO: The Federal Reserve should provide more information on the likely future path of interest rates and explain its policy decisions in...

Alibaba, others looking to invest in AppNexus 01 Jun 2014 - 01:14 am

Washington: Chinese e-commerce giant Alibaba Group Holding Ltd is one of several companies that are in talks to invest for a stake in...

Air New Zealand to place new Airbus order 01 Jun 2014 - 01:13 am

DOHA: Air New Zealand is close to placing an order for around a dozen A320-family aircraft worth well over $1bn at list prices...

Intel TV creator leaves Verizon months after deal 01 Jun 2014 - 01:12 am

SAN FRANCISCO/NEW YORK: Erik Huggers is leaving Verizon Communications Inc just five months after joining the company via the acquisition of the Intel...