Business

Bankia shareholders set for more losses 28 Dec 2012 - 04:17 am

MADRID: Spain’s Bankia will wipe out the investments of 350,000 shareholders, many of them small savers and pensioners, after it emerged that losses...

Hong Kong economy to grow 28 Dec 2012 - 04:12 am

A woman walks past a tinted window in front of the city skyline in Hong Kong yesterday. With the global economic weakness continuing...

Eurozone crisis batters holiday sales prospects 28 Dec 2012 - 04:11 am

LONDON: Shoppers in eurozone nations battered by years of recession and crisis are on the hunt for bargains, delaying their purchases until the...

US consumer sentiment weakens 28 Dec 2012 - 04:11 am

WASHINGTON: US consumer confidence fell more than expected in December, hitting a four-month low as a looming fiscal crisis sapped what had been...

Sudan opens new oilfield 28 Dec 2012 - 04:10 am

HADIDA: Sudan yesterday opened its second new oil field in a week, as the country struggles to make up for the loss of...

Lukoil cuts Iraq oil output plan by a third 28 Dec 2012 - 04:09 am

MOSCOW: Russia’s second-largest crude producer Lukoil said it has cut its oil production plan in Iraq by almost a third, in line with...

India PM calls 8pc economic growth ‘ambitious’ goal 28 Dec 2012 - 04:08 am

NEW DELHI: India’s premier Manmohan Singh played down hopes yesterday for the nation’s once booming economy, terming a plan for achieving eight percent...

Mazaya Qatar weighs QR170m deal offer 28 Dec 2012 - 03:59 am

DOHA: Mazaya Qatar Real Estate Development has received an offer worth QR170m to buy one of its investment properties. The company is studying...

GOIC launches industrial market portal 27 Dec 2012 - 09:43 am

Qasim Abdul Ghani Al Maimani (second right), Undersecretary, Ministry of Commerce and Industry in Saudi Arabia, presses a button to launch Gulf Organisation...

Gulf petrochem industry set to expand: GPCA 27 Dec 2012 - 09:42 am

DOHA: The Gulf petrochemicals industry is bracing to sustain competitiveness keeping in mind the new market realities. Gulf producers are exploring opportunities to...

Toyota ups sales forecast to 9.7m vehicles 27 Dec 2012 - 09:42 am

TOKYO: Japan’s Toyota group forecast yesterday a 22 percent jump in worldwide sales this year to 9.7 million units, driven by surging demand...

Egyptian pound falls on devaluation talk 27 Dec 2012 - 09:42 am

CAIRO: The Egyptian pound hit a near eight-year low yesterday as concerns the government might devalue or bring in capital controls drove many...

Iraqi Kurdistan oil exports slashed in payment row 27 Dec 2012 - 09:41 am

ARBIL: Oil exports from Iraq’s autonomous Kurdistan region via the federal government have been slashed in the latest chapter of a long-running payments...

KLJ Organic joins QIMC for $100m project 27 Dec 2012 - 09:39 am

BY MOHAMMAD SHOEB DOHA: Enticed by Qatar’s inexpensive energy resources, KLJ Organic Limited has become the first Indian company to make the largest...

Oil jumps in thin trade, US crude near 10-week high 27 Dec 2012 - 09:38 am

Traders work the floor at the New York Stock Exchange yesterday. NEW YORK: Oil prices jumped by the most in weeks on Wednesday,...

Qatar Petroleum eyes stake in Indian LNG firm 27 Dec 2012 - 09:37 am

DOHA: Qatar Petroleum (QP) has expressed its interest to buy a 5.2 percent stake in Petronet LNG, one of the fastest growing companies...

Qatar bans import, trade of steel below grade 500 27 Dec 2012 - 09:37 am

DOHA: Qatar has banned the import and trade of construction steels below grade 500 to increase the quality of the building materials in...

Ratan Tata hands over reins of empire 27 Dec 2012 - 09:36 am

MUMBAI: Indian industrialist Ratan Tata retires on his 75th birthday this week, handing over the reins of his sprawling business empire after decades...