Business

Zain Bahrain plans stock flotation by end June 13 Feb 2014 - 09:44 am

DUBAI: Zain Bahrain, the island’s No. 1 telecom operator by subscribers, will launch its long-awaited stock market flotation by the end of June,...

Opec joins US in predicting stronger 2014 oil demand 13 Feb 2014 - 09:43 am

LONDON: World oil demand will rise slightly more than expected in 2014, Opec said yesterday, becoming the second major forecaster this week to...

Kuwait approves $12bn for clean fuel projects 13 Feb 2014 - 09:34 am

KUWAIT: Kuwait has approved bids worth a total of $12bn for major upgrades at two oil refineries, the state-run oil company said, in...

Malaysia records 5.1pc growth in fourth quarter 13 Feb 2014 - 09:34 am

KUALA LUMPUR: Malaysia’s economy grew a solid 5.1 percent in the fourth quarter of last year as exports picked up, the central bank...

As West cuts, global defence industry balance shifts 13 Feb 2014 - 09:33 am

LONDON: Fuelled by growing strains in Middle East and Asia, global defence spending looks set to rise in 2014 for the first time...

Pressure mounts on Vodafone as Ono plans stock listing 13 Feb 2014 - 09:32 am

MADRID/LONDON: Spain’s largest cable operator, Ono, said it was pressing ahead with its plan for a stock market sale, putting pressure on Britain’s...

Mena pension fund to hit $5 trillion by 2020 13 Feb 2014 - 09:29 am

DOHA: Global assets under management (AuM) will exceed $100 trillion by 2020, with compound annual growth (CAGR) of nearly 12 percent for Middle...

China’s trade surplus surges 13 Feb 2014 - 09:28 am

BEIJING: China’s trade surplus surged in January, according to data showing exports strengthened markedly in a potentially brighter note for the world’s second-biggest...

Pressure mounts on Vodafone as Ono plans stock listing 13 Feb 2014 - 09:20 am

MADRID/LONDON: Spain’s largest cable operator, Ono, said it was pressing ahead with its plan for a stock market sale, putting pressure on Britain’s...

International Islamic focuses on local expansion 13 Feb 2014 - 06:15 am

Sheikh Dr Khalid bin Thani Al Thani (third left) and Abdul Basit Al Shaibie (centre) with other board members and officials at the...

Pressure mounts on Vodafone as Ono plans stock listing 13 Feb 2014 - 12:23 am

MADRID/LONDON: Spain’s largest cable operator, Ono, said it was pressing ahead with its plan for a stock market sale, putting pressure on Britain’s...

Qatar bourse index gains 91.35 points 13 Feb 2014 - 12:09 am

Doha: Qatar Exchange continued its upswing trend yesterday by adding 91.35 points (0.80 percent) to advance to 11,452.97 points from its previous closing...

Delhi plans to scrap $2bn tax dispute talks with Vodafone 13 Feb 2014 - 12:07 am

NEW DELHI: India plans to pull out of talks with Britain’s Vodafone Group Plc over a $2bn tax dispute, in a move that...

Thomson Reuters swings to loss in Q4 13 Feb 2014 - 12:06 am

NEW YORK: US media and financial information giant Thomson Reuters said yesterday it swung to a loss in the fourth quarter as it...

India industrial output shrinks again 12 Feb 2014 - 11:57 pm

NEW DELHI: India’s industrial output shrank by 0.6 percent in December in the third straight monthly contraction, data showed yesterday, piling pressure on...

H&M to open first Indian store in 2014 12 Feb 2014 - 11:57 pm

STOCKHOLM: Swedish fashion giant H&M said yesterday it will open its first Indian store in 2014, taking advantage of the opening-up of the...

Yellen vows to continue with tapering policy 12 Feb 2014 - 09:08 am

Chair of the Federal Reserve Janet Yellen prepares to testify at a House Financial Services Committee hearing on the Fed’s semi-annual Monetary Policy...

Asia-Pacific will be key driver of growth: Airbus 12 Feb 2014 - 09:04 am

Republic of Singapore Air Force (RSAF) F15-SG and F16D+ aircraft are displayed during the Singapore Airshow yesterday. SINGAPORE: Airbus claimed bragging rights as...