Business

French car registrations plunge 04 Sep 2013 - 12:15 am

A file picture shows PSA Peugeot Citroen cars in a parking lot in France. Registrations of new cars plunged 10.9 percent, erasing the...

Qatar bourse index falls by 82.14 points 04 Sep 2013 - 12:14 am

Doha: Qatar Exchange was down 82.14 points or 0.85 percent to 9,536.12 points yesterday from the previous closing of 9,618.26. Among the top...

Egypt business activity contracts over turmoil 04 Sep 2013 - 12:14 am

CAIRO: Political turmoil pushed Egypt deeper into recession in August, with growth in non-oil private business activity falling for a tenth straight month...

Saudi Q2 annual growth picks up 04 Sep 2013 - 12:14 am

DUBAI: Saudi Arabia’s economy improved in annual terms to grow 2.7 percent in the second quarter of 2013 as non-oil business expanded robustly...

Barclays to sell UAE retail bank 04 Sep 2013 - 12:13 am

DUBAI: Barclays Plc will sell its retail bank in the United Arab Emirates, highlighting the challenges foreign banks face in the Gulf competing...

Turkish CPI dips in August 04 Sep 2013 - 12:13 am

ANKARA: Turkish headline inflation fell as expected in August but core indicators rose and could trend higher in the coming months as a...

India tells firms to be more adventurous in oil quest 04 Sep 2013 - 12:10 am

An engineer welds carbon steel pipes as part of a gas pipeline for Reliance Industries Ltd at Medak, some 175km from Hyderabad. NEW...

Foreign firms in China beef up compliance 04 Sep 2013 - 12:09 am

BEIJING/SHANGHAI: Foreign companies in China are getting increasingly jumpy about a spate of antitrust and corruption investigations by Chinese authorities and are hiring...

Banker sets up boutique consultancy in Dubai 04 Sep 2013 - 12:09 am

DUBAI: , A former Bank of America Merrill Lynch banker is starting a boutique consultancy firm in Dubai aiming to capitalise on a...

Turkish lira slips to record lows 04 Sep 2013 - 12:09 am

ISTANBUL: The Turkish lira fell near record lows yesterday as fears of turmoil in the Middle East roiled global markets. The lira weakened...

Iran will not back down over top Opec post, says minister 04 Sep 2013 - 12:08 am

DUBAI: Iran will not back down in its quest for an Iranian head of Opec, the country’s new oil minister, Bijan Zanganeh, was...

International Islamic wins award 03 Sep 2013 - 01:51 am

International Islamic Chief Operating Officer Ali Hamad Al Mesaifri receiving the award. DOHA: Qatar International Islamic Bank (International Islamic) has been chosen for...

QIA bolstering team to diversify portfolio 03 Sep 2013 - 01:50 am

DUBAI: Qatar’s sovereign wealth fund, one of the world’s most aggressive investors, is hiring senior bankers and industry executives to lessen the fund’s...

Qatar has fourth highest asset wealth per head 03 Sep 2013 - 01:50 am

DOHA: Qatar has the fourth highest built asset wealth per person in the world. The rate of growth in built asset wealth per...

Verizon and Vodafone in $130bn deal 03 Sep 2013 - 01:48 am

A man passes by a Verizon Wireless store in Washington, DC. LONDON/SAN DIEGO: Verizon Communications agreed yesterday to pay $130bn to buy Vodafone ...

Residential property prices unchanged 03 Sep 2013 - 01:48 am

DOHA: Qatar’s residential property sale transactions reached a multi-year high during the second quarter of 2013, driven by higher purchases of freehold properties...

Brent crude firm around $114 03 Sep 2013 - 01:47 am

Brent crude firm around $114 LONDON: Brent crude oil steadied around $114 yesterday, after a week of gains, as the prospect of an...

Qatar’s Petroserv enters Australian LNG sector 03 Sep 2013 - 01:47 am

DOHA: Doha-based Petroserv Ltd, has announced its entry into the Australian liquefied natural gas (LNG) sector through an equity investment with Queensland-based Bothar...