Business

Egypt's traders suffer losses after currency float 27 Nov 2016 - 09:57 pm

Cairo/Abu Dhabi: Huddled in the Radisson Blu hotel on the outskirts of Cairo last week, some of Egypt’s top wheat traders talked damage...

Japan retailers turn deaf ear to Kuroda’s inflation pledge 27 Nov 2016 - 09:56 pm

Tokyo: While Governor Haruhiko Kuroda’s vow to overshoot the Bank of Japan’s 2 percent inflation target caused a stir among monetary policy watchers...

Foreign fund outflows to mount pressure on Indian rupee 27 Nov 2016 - 09:55 pm

Mumbai: The Indian rupee is expected to remain under pressure in the coming week due to heightened chances of a US rate, along...

Reserve Bank of India takes action to soak up liquidity 27 Nov 2016 - 09:54 pm

New Delhi/Mumbai: The Reserve Bank of India (RBI) on Saturday unexpectedly ordered banks to deposit their extra cash with it, in a bid...

Gulf bourses edge up as emerging markets rise 27 Nov 2016 - 09:53 pm

Dubai: Gulf stock markets edged up in quiet trade yesterday, encouraged by strength in emerging markets generally, but Egypt’s index reversed the trend...

Saudi energy minister: oil market would balance even without output cuts 27 Nov 2016 - 07:56 pm

DHAHRAN, Saudi Arabia: Saudi Arabia’s energy minister Khalid al-Falih said on Sunday that he believed the oil market would balance itself in 2017...

Saudi's Alawwal Bank comfortable with capital position 27 Nov 2016 - 04:39 pm

RIYADH: Saudi's Alawwal Bank, formerly known as Saudi Hollandi Bank until a rebranding this week, has no plans to increase capital in the...

Arid Saudi could need '$50 billion' in water investment 27 Nov 2016 - 02:19 pm

Riyadh: Arid Saudi Arabia could need more than $53 billion in water sector investment supported by private funds as demand grows, officials said...

Algeria proposes 1.1 mln bpd OPEC cut 27 Nov 2016 - 02:07 pm

Tehran: Algeria has proposed that OPEC members cut 1.1 million barrels of daily oil production to boost prices, Iran's Shana news agency reported...

Russia poised to gain from oil production freeze 27 Nov 2016 - 09:35 am

Moscow: With its oil output at record levels and state coffers running low, Russia has little to lose and much to gain from...

Stunned tech sector ponders future under Trump 27 Nov 2016 - 08:45 am

Washington: After disbelief, anger and grief, the US tech sector is looking to come to grips with the presidency of a man described...

Ecuador to diversify exports to Qatar 27 Nov 2016 - 02:22 am

Ecuador, the largest exporter of high quality roses to Qatar, is working aggressively to diversify its exports product portfolio to the local market....

Qatalum wins Environmental Excellence Award 27 Nov 2016 - 02:20 am

Qatalum has won Environmental Excellence Award by the Gulf Aluminium Council at the Arab International Aluminium Conference ‘ARABAL’ 2016 hosted in Dubai from...

Qatar Financial Centre participates in ministerial session of COMCEC 27 Nov 2016 - 02:18 am

The Qatar Financial Centre (QFC) Authority participated in the 32nd Ministerial Session of the Committee of Social and Economic Cooperation (COMCEC) under the...

Tech solutions to tackle fishing and labour abuse at sea 27 Nov 2016 - 02:16 am

Bangkok: Fishing boats used high-tech systems to find vast schools of fish for decades, depleting stocks of some species and leading to the...

US firm files patent complaint against L'Oreal 27 Nov 2016 - 02:14 am

Washington: California company Olaplex has filed a complaint against the French cosmetics manufacturer L'Oreal for patent infringement of a hair product, according to...

QNB sees positive export outlook for Vietnam 27 Nov 2016 - 02:13 am

Despite uncertainty surrounding the future of the Trans-Pacific Partnership (TPP), Vietnam’s export outlook is positive having concluded trade deals with South Korea and...