Business

Indonesia raises key interest rate 13 Nov 2013 - 07:08 am

JAKARTA: Indonesia’s central bank unexpectedly raised its key interest rate yesterday to rein in a widening current account deficit blamed for exacerbating recent...

High fuel costs hit Emirates airline profits 13 Nov 2013 - 07:08 am

DUBAI: High fuel costs and weak currencies in some key markets flattened first-half profit growth at Dubai’s flagship airline Emirates, signalling Gulf carriers...

HIA will handle 1,000 aircraft daily: Official 13 Nov 2013 - 06:09 am

The Chairman of the Civil Aviation Authority, Abdul Aziz Mohammed Al Nuaimi, inaugurating the Airport Exchange Conference and Exhibition at Qatar National Convention...

Al Sada: Qatar helping women play major roles in society 12 Nov 2013 - 11:16 am

The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada addressing the opening ceremony of the fourth annual Qatar...

Business optimism hits new high 12 Nov 2013 - 11:16 am

DOHA: Business optimism in Qatar has soared to its highest in nearly three years according to the Dun & Bradstreet Business Optimism Index...

Brent oil rises as Iran talks end without deal 12 Nov 2013 - 11:15 am

NEW YORK: Brent crude oil prices rose more than $1 per barrel yesterday after Iran and six world powers fell short of reaching...

Egypt tender to develop Suez Canal soon 12 Nov 2013 - 11:15 am

CAIRO: Egypt will finalise a tender for the development of the Suez Canal by the end of the month, the investment minister said,...

Foreign trade surplus widens to QR32.9bn 12 Nov 2013 - 11:15 am

DOHA: Qatar’s foreign trade surplus widened to QR32.9bn ($9bn) in September 2013. The figure shows an increase of QR0.3bn, up 0.9 percent compared...

Ukraine halts gas imports from Russia 12 Nov 2013 - 11:14 am

MOSCOW/KIEV: Ukraine halted Russian gas imports last Friday in a dispute over pricing, sources in Russia’s gas industry and state export monopoly Gazprom...

Qatar Exchange back above 10,000 points 12 Nov 2013 - 11:14 am

Doha/DUBAI: Qatar Exchange rose back above the psychologically important level of 10,000 points for the first time since August yesterday. It ended at...

Economic forum in Kuwait 12 Nov 2013 - 11:12 am

Kuwaiti Minister of Finance Sheikh Salem Abdulaziz Al Sabah (centre), Deputy Secretary General of the Arab League Ahmed Ben Helli (left), and African...

UAE to build Middle East’s first land-based LNG import terminal 12 Nov 2013 - 11:12 am

DUBAI: EmiratesLNG will build and operate the Middle East's first land-based liquefied natural gas (LNG) import facility at Fujairah, having won government approval...

Etihad in talks to buy Airbus jets 12 Nov 2013 - 11:12 am

DUBAI/PARIS: Abu Dhabi’s Etihad Airways is in talks to buy jets from Airbus even as it puts the finishing touches to a reported...

Bapco seals gasoil and jet fuel term contracts 12 Nov 2013 - 11:11 am

SINGAPORE: Bahrain Petroleum Co (Bapco) has finalised its 2014 jet fuel and gasoil term contracts with several companies, with premiums set at lower...

Zain extends profit slump 12 Nov 2013 - 11:11 am

DUBAI: Zain, Kuwait’s No. 1 telecom operator, blamed a plunge in the Sudanese pound and other foreign exchange moves as it reported a...

Marks & Spencer woos India’s young 12 Nov 2013 - 11:10 am

Workers prepare a sign ahead of the opening of a Marks & Spencer store in Mumbai yesterday. MUMBAI: Britain’s biggest clothing retailer Marks...

Twitter shares are Shariah-compliant, says US screening firm 12 Nov 2013 - 11:09 am

DUBAI: Shares in Twitter Inc have been found eligible for investment by Islamic funds, according to IdealRatings, a company that screens stocks to...

Chinese spend billions in online shopping rush 12 Nov 2013 - 11:09 am

BEIJING: Chinese shoppers spent billions of dollars online yesterday, data showed, as they took advantage of discounts offered on Singles Day, a festival...