Business

IMF officials give Jordan some wiggle room on reforms 14 Oct 2013 - 12:09 am

WASHINGTON: International Monetary Fund officials relaxed some fiscal and other targets for Jordan under its $2bn loan programme as the country struggles to...

Putin visits Rosneft refinery 13 Oct 2013 - 11:08 pm

Russia’s President Vladimir Putin (second left) listens to Russian oil giant Rosneft Chief Executive Igor Sechin (left) as they visit a Rosneft refinery...

Hard road to world domination for China 13 Oct 2013 - 11:07 pm

BEIJING: In the global contest for business Chinese brands struggle to rival big Western and Japanese names, but some are now looking to...

Egypt’s GASC has no financing woes over wheat buys 13 Oct 2013 - 11:06 pm

CAIRO: Egypt’s main state wheat-buying entity has no financing problems for global wheat purchases and all letters of credit to suppliers have been...

G20 losing steam: Asmussen 13 Oct 2013 - 11:06 pm

WASHINGTON: Financial leaders from the Group of 20 leading economies should reduce the number of issues they tackle, agree on measurable targets and...

Bank Dhofar third quarter net profit declines 10.8pc 13 Oct 2013 - 11:05 pm

DUBAI: Bank Dhofar, currently in talks to merge with smaller rival Bank Sohar, recorded a 10.8 percent decline in third-quarter net profit, Reuters...

Weekly Commodity Update: Gold loses pep as end to US deadlock seen 13 Oct 2013 - 10:55 pm

By Ole Hansen (Head of Commodity Strategy, Saxo Bank) News from Washington that a temporary deal to avoid a technical default may be...

Shutdown hits factory floor 13 Oct 2013 - 10:51 pm

A private aircraft flies past a parked Boeing 747 Dreamlifter, used to transport assemblies of Boeing 787 Dreamliners, as it lands at Paine...

Ireland to exit EU-IMF bailout in December 13 Oct 2013 - 10:50 pm

DUBLIN: Ireland will become the first eurozone country to exit its bailout in December, Prime Minister Enda Kenny said, warning, however, there was...

China to buy 1m tonnes of Thai rice a year 13 Oct 2013 - 10:50 pm

BANGKOK: Thai Prime Minister Yingluck Shinawatra said yesterday China would support plans by domestic companies to buy a million tonnes of rice a...

Saudi Aramco to expand oil output 13 Oct 2013 - 10:50 pm

DAEGU, South Korea: The world’s largest oil exporter, Saudi Aramco, will increase light sour crude output from two fields —Shaybah and Khurais —...

Malaysia and UAE tie up to boost Islamic finance 13 Oct 2013 - 10:47 pm

KUALA LUMPUR: The central banks of Malaysia and the United Arab Emirates signed a pact yesterday to foster closer economic ties between the...

Central banks must be careful when tightening policy: IMF 13 Oct 2013 - 01:04 am

IMF Managing Director Christine Lagarde (left) and International Monetary and Financial Committee Chair Tharman Shanmugaratnam before the start of a meeting of the...

Global monetary tightening likely to impact GCC 13 Oct 2013 - 01:04 am

DOHA: Qatar has taken exception to the International Monetary Fund’s (IMF) assessment that the global monetary tightening will have only limited impact on...

Jordan weathering ‘tougher’ outside shocks: Official 13 Oct 2013 - 01:04 am

WASHINGTON: The Interna-tional Monetary Fund yesterday praised Jordan’s progress in an IMF loan-supported programme despite increasing outside shocks, notably from a flood of...

Egypt tenders for floating LNG terminal 13 Oct 2013 - 01:03 am

CAIRO: State-owned Egyptian Natural Gas Holding Company (EGAS) has issued a tender for a floating storage and regasification unit (FSRU) which it hopes...

China overtakes the US as world’s top crude importer 13 Oct 2013 - 01:03 am

SINGAPORE/BEIJING: China is set to ramp up acquisitions of overseas oil and gas companies to feed its soaring growth in energy demand as...

Msheireb Properties wins Sustainability award 13 Oct 2013 - 12:59 am

Officials posing for a group picture at the Cityscape Awards for Emerging Markets 2013. Doha: Msheireb Properties, Qatar’s leading sustainable real estate developer,...