Business

Bahrain aims to cut govt spending by 6pc 08 Nov 2012 - 07:30 am

DUBAI: Bahrain’s government plans to cut its budget spending by almost 6 percent in 2013 as it seeks to curb its deficit, a...

Egypt sees IMF loan deal in Dec 08 Nov 2012 - 07:24 am

Egypt sees IMF loan deal in DecCAIRO: Egypt expects to reach a loan agreement with the IMF by mid-December after talks this month...

Nissan sales drop in China 07 Nov 2012 - 06:52 am

Visitors walk by cars displayed at the showroom of Nissan Motor Co global headquarters in Yokohama, south of Tokyo, yesterday. Nissan announced its...

Credit Suisse, Qatar in asset management JV 07 Nov 2012 - 06:51 am

DUBAI: Credit Suisse and Qatar’s sovereign wealth fund have set up an asset management joint venture as the gas-rich Gulf state looks to...

New South African notes 07 Nov 2012 - 06:50 am

New South African bank notes that show the face of former president Nelson Mandela are seen at a shop in Pretoria, South Africa,...

ADIB to issue hybrid sukuk this week 07 Nov 2012 - 06:49 am

DUBAI: Abu Dhabi Islamic Bank (ADIB) is set to become the first Gulf Arab company to issue a hybrid Islamic bond this week,...

NetOil shows interest in French refinery 07 Nov 2012 - 06:49 am

PARIS: Dubai-based NetOil, led by Middle Eastern businessman Roger Tamraz, has submitted a new offer to take over France’s oldest refinery, unveiling a...

QP shifts part of GIS stake to state pension fund 07 Nov 2012 - 06:48 am

DUBAI: Shareholders of Qatar’s Gulf International Services (GIS) have approved the transfer of part of parent firm Qatar Petroleum’s stake in the company...

Minister, Shell review Al Karaana progress 07 Nov 2012 - 06:47 am

Doha: Minister of Energy and Industry and Chairman & Managing Director of Qatar Petroleum H E Dr Mohammed bin Saleh Al Sada, received...

Consumer services sector props up Qatar Exchange 07 Nov 2012 - 06:47 am

Doha: Qatar Exchange pursued its upswing trend yesterday, adding 5.09 points or 0.06 percent to advance to 8,570.43 points from 8,565.34 on Monday. ...

Ahli United Bank posts $257.2m net profit 07 Nov 2012 - 06:46 am

Doha: Ahli United Bank(AUB) reported a net profit of $257.2m for the nine months ended September 30, 2012, a seven percent increase over...

Qatar takes part in London WTM 07 Nov 2012 - 06:44 am

Doha: Taking part in the world’s largest tourism and hospitality trade show, Qatar Tourism Authority (QTA) took central stage at UK’s World Travel...

France hikes VAT, cuts spending to boost industry 07 Nov 2012 - 06:43 am

PARIS: France will ease payroll taxes by ¤20bn over three years, funding that with spending cuts and sales tax rises, in a tougher-than-expected...

Europe seeks Asian support on debt crisis 06 Nov 2012 - 06:22 am

Norwegian Prime Minister Jens Stoltenberg, Russian Prime Minister Dmitri Medvedev, Slovenian Prime Minister Janez Jansa, Lao President Choummaly Sayasone, Chinese Prime Minister Wen...

Sri Lanka to restart refinery with Dubai crude 06 Nov 2012 - 06:22 am

COLOMBO: Ceylon Petroleum Corp (Ceypetco) will resume operation of Sri Lanka’s sole refinery, a 50,000 barrels-per-day facility, after a 10-day closure, because it...

Iraq signs final gas contract with Pakistan Petroleum 06 Nov 2012 - 06:21 am

BAGHDAD: Iraq signed a final gas exploration contract with Pakistan Petroleum yesterday as part of its drive to attract investment in its energy...

Qapco to open third low-density polyethylene plant on November 20 06 Nov 2012 - 06:21 am

Doha: Qatar Petrochemical Company (Qapco) announced yesterday that it will inaugurate its third low-density polyethylene plant on November 20 at Mesaieed Industrial City. ...

HSBC reveals US money-laundering bill hits $1.5bn 06 Nov 2012 - 06:20 am

LONDON: HSBC has increased the amount set aside for fines linked to money-laundering in the United States to $1.5bn, the British banking giant...