Business

Financing woes challenge huge Dubai projects 27 Nov 2012 - 10:36 pm

DUBAI: Dubai is reviving massive real estate projects as its economy recovers from a corporate debt crisis, but this time around, constraints on...

Qatar bourse dips by 28.29 points; Saudi index falls to 10-month low 27 Nov 2012 - 10:35 pm

Doha/dubai: Qatar Exchange index was down 28.29 points or 0.34 points yesterday to 8,400.72 points from the previous closing of 8,429.01. The volume...

Total acquires Jordan petroleum distribution 27 Nov 2012 - 10:32 pm

Dubai: Total acquired a 10-year petroleum product distribution licence in Jordan that will allow its marketing & services subsidiary Total Jordan to cement...

Etisalat backs Saudi unit after SIM ban 27 Nov 2012 - 10:29 pm

DUBAI: Etisalat, the United Arab Emirates’ No. 1 telecom operator, is committed to its Saudi Arabian affiliate Mobily, the former monopoly’s CEO said...

UBS punished with double whammy 27 Nov 2012 - 12:38 am

The UBS logo at a bank branch in London yesterday. ZURICH: Swiss banking giant UBS was hit twice over yesterday for allowing a...

Qatar cashes in Barclays warrants 27 Nov 2012 - 12:38 am

New York: Qatar has cashed in its remaining warrants in Britain’s Barclays Plc, a move that should yield a $280m profit and still...

Greece rescue meeting 27 Nov 2012 - 12:36 am

IMF Managing Director Christine Lagarde arrives at a eurozone finance ministers meeting in Brussels yesterday. Ministers and the IMF began their third attempt...

Oil slips below $111 on Greek woes 27 Nov 2012 - 12:34 am

LONDON: Brent crude oil slipped below $111 a barrel yesterday as worries over Greek debt talks prompted fears that the euro zone could...

Dubai Group cuts half of staff in restructuring move 27 Nov 2012 - 12:25 am

DUBAI: Dubai Group, part of the ruler of Dubai’s personal empire, has cut half its staff of about 30 people as part of...

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...