Business

London to host Islamic economic forum in October 05 Jul 2013 - 04:53 am

LONDON: London will host the ninth World Islamic Economic Forum in October, organisers have announced, the first time that the event will be...

Portugal seeks talks to avert bailout crisis 04 Jul 2013 - 01:06 am

Traders monitor the screens at a bank in Lisbon yesterday. Portugal’s benchmark PSI20 equity index tumbled 6.4 percent in massive volumes. LISBON/BERLIN: Portugal’s...

Banks’ earnings expected to be modest 04 Jul 2013 - 01:05 am

DOHA: Qatari banks’ earnings are expected to grow a modest four percent in Q2, 2103, compared to the same period last year. QNB...

Yamaha launches Bolt 04 Jul 2013 - 01:04 am

Japan’s motorcycle giant Yamaha Motor President Hiroyuki Yanagi displays a large motorcycle “Bolt” with 950cc V-twin engine, now on sale in the US...

Oil rises on US stock decline 04 Jul 2013 - 01:04 am

LONDON: A sharp decline in crude stockpiles in top consumer the United States and political unrest in Egypt, which could destabilise the Middle...

Robust UK data dims case for more stimulus 04 Jul 2013 - 01:03 am

LONDON: Britain’s service sector grew at its fastest pace in over two year in June, boosting hopes for a sustained recovery and dimming...

GCC markets to continue growth: Alpen 04 Jul 2013 - 01:03 am

DOHA: GCC equity markets are likely to remain on an upward trajectory in second half (H2) of 2013, building momentum on the strong...

Dubai steps up asset sales to cut debt pile 04 Jul 2013 - 01:01 am

An Emirati man walks past a tourist posing for a photo near the Burj Khalifa in Dubai. Dubai faces debt repayments of about...

Sweden keeps rates on hold amid resilient economy 04 Jul 2013 - 01:01 am

STOCKHOLM: Sweden’s central bank kept interest rates on hold yesterday and signalled they would remain at current levels into next year due to...

BSE launches futures trading on Dubai bourse 04 Jul 2013 - 01:00 am

DUBAI: The Dubai Gold and Commodities Exchange (DGCX) started trading an Indian stock index futures contract yesterday, aiming to tap demand from the...

Globex opens first property in Doha 04 Jul 2013 - 01:00 am

DOHA: Globex Business Centres Inc in collaboration with Al Salam International yesterday announced the official opening of its first property here named Globex...

Indian state banks to open 10,000 branches 04 Jul 2013 - 01:00 am

NEW DELHI: India’s state-run banks will open 10,000 branches this year as part of a drive to extend formal financial services to the...

Sliding foreign reserves threaten crisis in Tunisia 04 Jul 2013 - 12:59 am

TUNIS/DUBAI: A slide in Tunisia’s foreign reserves may undermine its currency and push the country into a balance of payments squeeze resembling the...

China firm eyes stake in Peugeot Citroen 04 Jul 2013 - 12:58 am

Philippe Varin, CEO of PSA Peugeot Citroen, visiting the production line in a new plant of Dongfeng Peugeot-Citroen Automobile Limited (DPCA) in Wuhan,...

Greece to miss public sector reform target 04 Jul 2013 - 12:57 am

ATHENS: Greece will not meet targets on reforming its public sector by an end-of-the-week deadline set by its international lenders, Finance Ministry officials...

Abu Dhabi to invest $50bn in India: Report 04 Jul 2013 - 12:57 am

NEW DELHI: Abu Dhabi has promised to invest $50bn in India’s cash-hungry infrastructure at a time when growth in Asia’s third-largest economy has...

Egypt pound weakens at forex auction 04 Jul 2013 - 12:57 am

CAIRO: The Egyptian pound inched weaker at a central bank foreign exchange auction, which was held early ahead of a yesterday army deadline...

Israeli controls hold back Palestinian economy: IMF 04 Jul 2013 - 12:56 am

WASHINGTON: The International Monetary Fund said yesterday that Israel’s tight restrictions hinder the growth of the Palestinian private sector, holding back the Palestinian...