Business

France announces unprecedented cuts in next budget 12 Sep 2013 - 01:15 am

PARIS: France yesterday announced “unprecedented” cuts in its next budget, admitting it will not meet its EU-mandated deficit target this year and that...

Sports Direct extends winning run as heads for FTSE 100 index 12 Sep 2013 - 01:14 am

LONDON: Sports Direct, Britain’s biggest sporting goods retailer, posted a big rise in sales yesterday, as shoppers snapped up its cut-price deals and...

Emerging markets drive up global vehicle sale 12 Sep 2013 - 01:13 am

Audi cars are reflected in a mirror at the booth during the media day of the IAA (Internationale Automobil Ausstellung) international motor show...

World’s most expensive oil field on stream 12 Sep 2013 - 01:13 am

ALMATY/MOSCOW: When the first drops of oil began trickling from the world’s most expensive oil field yesterday, investors in the mammoth Kashagan Caspian...

Glencore Xstrata halts $7bn Australia mine 12 Sep 2013 - 01:12 am

SYDNEY: Newly merged mining giant Glencore Xstrata said yesterday it had put its proposed $7bn Wandoan open-cut energy coal project in Australia on...

ArcelorMittal loses arbitration case against Senegal 12 Sep 2013 - 01:11 am

PARIS: The Senegalese government has won an initial ruling in an international arbitration case concerning an iron mining project in the southeast of...

Qatari banks’ assets rise by 18pc: QCB 11 Sep 2013 - 02:16 am

QCB Governor H E Sheikh Abdullah bin Saud Al Thani addressing the summit. DOHA: The total assets of commercial banks operating in Qatar...

Gas prices to remain regionalised, Al Sada tells Tokyo conference 11 Sep 2013 - 02:14 am

The Minister of Energy and Industry, H E Dr Mohammed bin Saleh Al Sada with the delegates during the LNG Producer-Consumer Conference in...

Doha International Oil and Gas Exhibition from October 7 11 Sep 2013 - 02:13 am

From left: David Key of Renaissance Doha City Center Hotel, Stephen Kelly from Oxy Occident Petroleum Qatar, Saleh Al Mana of ExxonMobil Qatar, ...

Oil prices fall to two-week low as Syria tensions ease 11 Sep 2013 - 02:10 am

NEW YORK: Oil prices slid more than $2 a barrel yesterday as Syria accepted a Russian proposal to give up its chemical weapons,...

Greece says on track to hit EU-IMF targets 11 Sep 2013 - 02:10 am

ATHENS: Greece said yesterday its budget was in surplus, not counting interest payments, and that it was on course to hit fiscal targets...

Indian delegation expects huge Qatar investment 11 Sep 2013 - 02:09 am

Indian Ambassador Sanjiv Arora; K K M Kutty, Chairman, CII Gulf Committee; Azim Abbas, President, IBPN, along with other delegates and officials during...

Family Food Centre gets ISO certification 11 Sep 2013 - 02:08 am

The officials of Family Food Centre (FFC), Managing Director, Abdul Rahman Abdullah Al Ansari (third left); Founder and Executive Director, P P Hyder...

Glencore squeezes $2bn out of Xstrata deal 11 Sep 2013 - 01:21 am

LONDON: Glencore will cut spending, shelve dozens of projects and squeeze more than expected from its record-breaking purchase of mining group Xstrata, lifting...

Poland anchors energy in coal, shale gas: PM 11 Sep 2013 - 01:20 am

WARSAW: Central European powerhouse Poland will anchor its energy strategy in coal and shale gas, with only limited investment in renewables, Prime Minister...

Indian exports jump as investors turn optimistic 11 Sep 2013 - 01:20 am

NEW DELHI: Indian exports climbed by nearly 13 percent in August on a 12-month basis in a sign the falling rupee is starting...

First Gulf Bank of Abu Dhabi to cut 10pc of workforce 11 Sep 2013 - 01:20 am

DUBAI/ABU DHABI: First Gulf Bank (FGB), the United Arab Emirates’ third largest bank, is cutting about 300 jobs, equivalent to nearly 10 percent...

Beijing air show 11 Sep 2013 - 01:18 am

A cabin attendant waiting for visitors as manufacturers from around the world show their latest aircraft to potential customers at the 2013 Beijing...