Business

Kia to hold UAE road shows 07 Mar 2013 - 06:49 am

DOHA/DUBAI: Sales of Kia Motors in the UAE have witness a remarkable 22 percent growth in 2012 as compared to 2011, and the...

DHL Express introduces more flights to Qatar 07 Mar 2013 - 06:48 am

Doha: DHL Express has announced a new route to its regional air network operation to meet the growing demand for express services connecting...

European Union slaps $731m fine on Microsoft for broken promise 07 Mar 2013 - 06:47 am

BRUSSELS: The European Union fined Microsoft Corp ¤561m ($731m) yesterday for failing to offer users a choice of web browser, an unprecedented sanction...

Jordan gets $70m World Bank loan 07 Mar 2013 - 06:47 am

AMMAN: The World Bank has granted Jordan $70m in financing to help it to extend small loans to young people in depressed rural...

Emirates airline hires six banks for second bond sale 07 Mar 2013 - 06:47 am

DUBAI: Emirates airline, Dubai’s flagship carrier, has hired six banks to arrange a potential dollar-denominated, benchmark sukuk sale, lead arrangers said yesterday, in...

Fujairah storage gives edge to Saudi oil trading 07 Mar 2013 - 06:46 am

DUBAI: Saudi Arabia has sharpened its edge in oil trading by leasing oil storage in Fujairah, allowing the producer’s new trading arm greater...

ExxonMobil to boost capital spending 07 Mar 2013 - 06:45 am

NEW YORK: US oil giant ExxonMobil yesterday outlined a massive capital spending program that it projected would lead to annual output increases of...

European stocks hit highest since 2008 crisis 07 Mar 2013 - 06:44 am

Traders work on the floor of the New York Stock Exchange yesterday. LONDON: European stock markets rose to their highest since the 2008...

UAE bourses buck regional uptrend 07 Mar 2013 - 06:43 am

DUBAI: Egypt’s bourse lifted from an 11-week low yesterday as bargain hunters returned after two sessions of heavy selling, while UAE markets fell...

China studying new fuel pricing scheme 07 Mar 2013 - 06:43 am

Beijing: China’s top economic planner yesterday said the country is studying a new fuel pricing scheme to make it reflect the global markets’...

Government should split RBS into two: BoE boss 07 Mar 2013 - 06:43 am

LONDON: Bank of England Governor Mervyn King yesterday said that the British government should split the Royal Bank of Scotland into “good” and...

Thomas Cook axes 2,500 UK jobs 07 Mar 2013 - 06:43 am

LONDON: Travel firm Thomas Cook yesterday said that it will axe 2,500 jobs in Britain, mostly in administration functions and its retail network,...

Asians investing more in Qatar, says report 06 Mar 2013 - 01:38 am

By Satish Kanady DOHA: Asians outnumber Arab nationals in foreign investments in Qatar. The share of Asian investments in the businesses in Qatar...

UDC gets new chairman 06 Mar 2013 - 01:30 am

Sheikh Ahmed bin Nasser bin Faleh Al Thani (left) and Turki Mohammed Khaled Al Khater. DOHA: United Development Company (UDC) yesterday announced Sheikh...

QCB’s real estate index suggests stable market 06 Mar 2013 - 01:30 am

DOHA: An update on Qatar Central Bank’s (QCB) recently-launched real estate price index indicates that the country’s real estate sector has been largely...

GWC board of directors okays 20pc bonus shares 06 Mar 2013 - 01:29 am

FROM LEFT: Henadi Al Saleh, Jassim J Al Rimaihi, Abdulaziz Zeid Al Taleb, Ahmed Mubarak Naser Al Ali Al Mahdid, Mohammed Ismail Al...

21 hotels to come up by 2017 06 Mar 2013 - 01:28 am

DOHA: Qatar has lined up a total of 21 new hotels for the next five years as part of adding up 45,000 additional...

Dubai Islamic Bank to boost Tier 1 capital via sukuk sale 06 Mar 2013 - 01:28 am

DUBAI: Dubai Islamic Bank (DIB) plans to boost its capital through the sale of a shariah-compliant debt instrument, which would become only the...