Business

Qatari bourse index down 34.75 points 30 Nov 2012 - 05:21 am

People walk past the Bombay Stock Exchange (BSE) building in Mumbai yesterday. Doha: Qatar Exchange index was down 34.75 points or 0.41 percent...

World air traffic gloom deepens further: IATA 30 Nov 2012 - 05:20 am

GENEVA: The effects of Superstorm Sandy which devastated parts of the Northeastern US and the Caribbean last month are deepening an already dire...

Over 2.9 million jobless in Germany 30 Nov 2012 - 05:20 am

FRANKFURT: German unemployment rose in November, data showed yesterday, amid signs that Europe’s top economy is increasingly feeling the pinch from the debt...

Russia risks petrol crunch next year 30 Nov 2012 - 05:19 am

MOSCOW: Top oil producer Russia risks petrol shortages next year as its refineries fail to keep up with tighter emission standards, which could...

Ford seeks to increase India market share 30 Nov 2012 - 05:18 am

NEW DELHI: US car giant Ford said yesterday that it aims to roll out eight new cars in India by mid-decade as it...

China trade fair 29 Nov 2012 - 12:56 am

Visitors look at construction machinery at the China 2012 International Trade Fair for Construction Machinery, Building Material Machines, Construction Vehicles and Equipment at...

Banks in Gulf raise capital to fund expansion 29 Nov 2012 - 12:56 am

DUBAI: As banks in much of the rest of the world struggle to shore up balance sheets ravaged by weak economies, banks in...

Barwa Bank’s equity fund attracts buyers 29 Nov 2012 - 12:54 am

Doha: Barwa Bank, Qatar’s fastest growing Shari’ah compliant banking service provider, has successfully launched its first equity fund, “The First Investor GCC Equity...

UAE buys into BP’s UK fields 29 Nov 2012 - 12:54 am

ABU DHABI: Abu Dhabi National Energy Co (Taqa) will buy a number of BP’s North Sea assets for over $1.3bn in a sign...

Windows 8 sales hit 40 million, says Microsoft 29 Nov 2012 - 12:53 am

SAN FRANCISCO: Microsoft said that it sold 40 million licenses for its Windows 8 operating system in the first month after a launch...

Spain to overhaul banking sector 29 Nov 2012 - 12:48 am

MADRID: Spain advanced yesterday with a major overhaul of its stricken banking sector after Brussels approved EU-funded restructuring plans, while nationalised Bankia announced...

UK firm claims biggest engine breakthrough since the jet 29 Nov 2012 - 12:48 am

LONDON: A small British company with a dream of building a re-usable space plane has won an important endorsement from the European Space...

Ukraine admits $1bn gas deal mistake 29 Nov 2012 - 12:47 am

KIEV/MADRID: Ukraine admitted it had signed a $1.1bn gas terminal deal with an unauthorised man it thought was acting for Gas Natural Fenosa,...

Jordan to get aid cash from Gulf states 29 Nov 2012 - 12:45 am

AMMAN: Saudi Arabia is about to deposit $250m with Jordan’s Central Bank as part of an $800m planned contribution to help the country’s...

Qatari bourse index rises by 0.41 percent 29 Nov 2012 - 12:45 am

Doha: Qatar Exchange ended in the green yesterday adding 34.57 points (or 0.41 percent) to advance to 8,435.29 points from 8,400.72 on Tuesday. ...

Gulf Air selects SITA for network connectivity 29 Nov 2012 - 12:44 am

Manama: Gulf Air, the national carrier of the Kingdom of Bahrain and SITA, have signed an agreement that will allow Gulf Air to...

Global Finance honours NBK 29 Nov 2012 - 12:43 am

DOHA: National Bank of Kuwait (NBK) was recognised as the Best Foreign Exchange Provider in Kuwait and the Middle East 2013 in an...

Nakilat-Keppel wins Ship Repair award 28 Nov 2012 - 12:02 am

N-KOM CEO Abu Bakar Mohammed Nor receiving the award from Executive Vice-President of ClassNK Toshitomo Matsui (left) at the Seatrade Awards ceremony. Doha:...