Business

Jet, SpiceJet in talks with Etihad, AirAsia 27 Nov 2012 - 12:24 am

A Jet Airways aircraft takes off from the Chhatrapati Shivaji international airport in Mumbai yesterday. NEW DELHI: Struggling Indian carriers Jet Airways and...

Adnoc ultra low sulphur diesel term exports likely from mid-2013 27 Nov 2012 - 12:24 am

SINGAPORE: State-owned Abu Dhabi National Co (Adnoc) will likely skip term exports of the ultra-low sulphur diesel until the middle of next year,...

GIH wins backing for restructuring plan 27 Nov 2012 - 12:11 am

DUBAI: Kuwait’s Global Investment House secured backing from the majority of bank creditors for its restructuring yesterday, a move the debt-laden firm hopes...

Mahindra frontrunner in bidding for Aston Martin 27 Nov 2012 - 12:10 am

MUMBAI: India’s Mahindra & Mahindra group, the world’s biggest tractor manufacturer, is the frontrunner in a bidding war to buy a large stake...

MegaFon stock float 27 Nov 2012 - 12:09 am

People pass by a MegaFon office in Moscow yesterday. MegaFon, Russia’s No. 2 mobile phone firm, pitched its $2bn international stock market float...

Seminar on cooling system 27 Nov 2012 - 12:08 am

Leminar Air Conditioning Company in conjunction with Hattersley Newman Henderson conducted a seminar on the ‘Application of Valves in Variable flow Cooling Systems’....

Qatari bourse index slips by 19.34 points 27 Nov 2012 - 12:08 am

Doha/Dubai: Qatar Exchange index slipped 19.34 points or 0.23 percent yesterday to 8,429.01 points from the previous closing of 8,448.35 points. The volume...

Lebanon central bank plans stimulus package 27 Nov 2012 - 12:07 am

LONDON: Lebanon’s central bank is planning a stimulus package to kick-start the economy, which has been hit by the conflict in neighbouring Syria,...

ADIA’s infrastructure head Koski resigns 27 Nov 2012 - 12:06 am

DUBAI: The Abu Dhabi Investment Authority (ADIA), one of the world’s biggest sovereign wealth funds, confirmed yesterday that the global head of its...

Weekly Money Market Review with IBQ: Dollar tumbled as risk markets rebounded 26 Nov 2012 - 11:39 pm

The major highlights of last week revolved around the continuing worries of reaching a deal regarding the fiscal cliff in the US as...

Ferrari car 26 Nov 2012 - 12:23 am

A Ferrari car on display at the 10th China (Guangzhou) International Automobile Exhibition in Guangzhou, east China’s Guangdong province. Growth in China’s auto...

Cairo bourse index plunges by 9.6pc 26 Nov 2012 - 12:22 am

DUBAI: Saudi Arabia’s shares slumped yesterday, dragging the market down to a 10-month low as political turmoil in Egypt sparked by the President’s...

Qatari bourse index rises by 0.46 percent 26 Nov 2012 - 12:22 am

Doha: Qatar Exchange pursued its upswing trend adding 38.50 points (or 0.46 percent) to advance to 8,448.35 points yesterday from 8,409.85 on Thursday. ...

Broker learns to cope with Iraq-style risk 26 Nov 2012 - 12:20 am

ISTANBUL: It was exceptionally cold in Sulaymaniyah, a city in northern Iraq’s Kurdish region, on the morning of December 22. Shwan Taha (pictured)...

Bullish bankers struggle to adjust to bonus cuts 26 Nov 2012 - 12:20 am

LONDON/NEW YORK: Self-confidence and betting on long odds are part of their DNA and so, while expecting the financial industry to slash bonuses...

Luxury industry takes its time to embrace Africa 26 Nov 2012 - 12:19 am

JOHANNESBURG: Africa has more millionaires than Russia, but for many wealthy Africans shopping for designer handbags or luxury watches still means travelling to...

KPMG anniversary reception 26 Nov 2012 - 12:18 am

KPMG in Qatar Management team with KPMG Global Chairman Michael Andrew and KPMG Qatar’s Managing Partner Jamal Fakhro at KPMG’s 35th anniversary reception...

Regulator bans Mobily from SIM cards sale 26 Nov 2012 - 12:17 am

DUBAI: Etihad Etisalat Co (Mobily), Saudi Arabia’s second-biggest telecoms operator, has asked to meet the industry regulator after it was suspended from selling...