Business

Horsemeat controversy 18 Feb 2013 - 05:48 am

The entrance of the Tavola factory of French company Comigel in Capellen near Luxembourg, yesterday. After finding its beef lasagne contained horsemeat, the...

France woos UAE over Rafale fighter jet deal 18 Feb 2013 - 05:47 am

ABU DHABI: France’s senior defence industry lobbyist said yesterday he was confident the United Arab Emirates would buy Rafale fighter jets by 2015-2016,...

Abu Dhabi lays foundation for Pakistan property project 18 Feb 2013 - 05:47 am

ABU DHABI: A member of Abu Dhabi’s royal family says he plans to spend $45bn over up to 15 years on a real...

KFH Q4 net profit rises but misses estimates 18 Feb 2013 - 05:47 am

KUWAIT: Kuwait’s biggest Islamic lender, Kuwait Finance House (KFH) reported a 24 percent rise in fourth-quarter net profit yesterday thanks to its restructuring...

Jordan’s Arab Potash profit falls by a third 18 Feb 2013 - 05:47 am

AMMAN: Jordan’s Arab Potash Company, one of the world’s largest producers of potash, said 2012 net profit fell by more than a third...

Slovakia’s bid to keep US Steel intact amid European meltdown 18 Feb 2013 - 05:46 am

Kosice: As meltdown menaces Europe’s steel sector, Slovakia is scrambling to keep US Steel — the country’s largest single employer — from selling...

Etihad needs to revise Jet Airways deal: Chairman 18 Feb 2013 - 05:46 am

ABU DHABI: Etihad Airways needs to revise its deal to buy a stake in India’s Jet Airways and it is too soon to...

QP signs agreement with Total, Q Analytica 17 Feb 2013 - 04:57 am

Officials during the signing ceremony in Doha. DOHA: Qatar Petroleum (QP), Total E&P Qatar and Q Analytica LLC signed a joint research and...

Muntajat completes transition process of Qafac 17 Feb 2013 - 04:56 am

H E Dr Mohammed bin Saleh Al Sada, Abdulrahman Ali Al Abdulla & Nasser Jeham Al Kuwari DOHA: Muntajat, Qatar’s newly-launched company with...

Turkey-Iran gold-for-gas trade on the wane 17 Feb 2013 - 04:56 am

ISTANBUL: Tighter US sanctions are killing off Turkey’s gold-for-gas trade with Iran and have stopped state-owned lender Halkbank from processing other nations’ energy...

QInvest advises consortium for Chinese acquisition 17 Feb 2013 - 04:55 am

DOHA: QInvest LLC, Qatar’s leading investment bank, is advising a consortium of investors led by the Kingdom Holding Company (KHC) for the acquisition...

Sterling may need to weaken further, says BoE official 17 Feb 2013 - 04:55 am

LONDON: Sterling may need to weaken further in order to rebalance Britain’s economy, senior Bank of England policymaker Martin Weale said yesterday, as...

Tasdeer plans to promote Qatar’s electrical products at Dubai event 17 Feb 2013 - 04:54 am

DOHA: Qatar Development Bank’s export development agency, Tasdeer, will take part in the upcoming three-day “Middle East Electricity” exhibition to be held in...

G20 steps back from currency brink 17 Feb 2013 - 04:53 am

MOSCOW: The Group of 20 nations declared yesterday that there would be no currency war and deferred plans to set new debt-cutting targets,...

Devaluation of bolivar a blow to major US firms 17 Feb 2013 - 04:53 am

NEW YORK: The recent devaluation of the Venezuelan bolivar was a blow to some major US companies, highlighting the importance of financial ties...

Britain considers RBS share giveaway 17 Feb 2013 - 04:53 am

LONDON: Britain’s finance ministry insisted yesterday that it would dispose of its majority stake in the Royal Bank of Scotland “at the appropriate...

EU states want ‘fair tax share’ from big business 17 Feb 2013 - 04:52 am

MOSCOW: The finance ministers of Britain, France and Germany yesterday launched a new drive to force big business to pay its fair share...

Air Arabia Q4 net profit rises 6pc 17 Feb 2013 - 04:52 am

ABU DHABI: UAE budget carrier Air Arabia reported a 6 percent rise in fourth quarter net profit yesterday, helped by a rise in...