Business

Falling oil prices not to impact clean energy: UAE minister 20 Jan 2015 - 12:59 am

Visitors walk near solar-powered vehicles on display at the World Future Energy Summit 2014 in Abu Dhabi. Abu Dhabi: The United Arab Emirates...

Oil fall: Gulf states face balancing act 20 Jan 2015 - 12:53 am

DUBAI: Plunging oil prices could prompt Gulf Arab sovereign wealth funds to pull tens of billions of dollars out of global markets this...

No plans to call emergency Opec meeting, says Iran 20 Jan 2015 - 12:49 am

DUBAI: Iran has no plans to call for an emergency Opec meeting to discuss the falling price of oil but was talking to...

Egypt allows pound to fall again 20 Jan 2015 - 12:48 am

CAIRO: Egypt’s central bank let the pound weaken yesterday for the second day running, a move analysts said was aimed at stamping out...

Firms in Mena raise QR41.9bn via IPOs 20 Jan 2015 - 12:47 am

DOHA: Companies in the Middle East and North Africa (Mena) region raised $11.5bn (QR41.9bn) in 2014 through 27 Initial Public Offerings (IPOs), almost...

Nebras Power signs finance pact for solar power project in Jordan 19 Jan 2015 - 11:57 pm

Top dignitaries and officials at the signing ceremony on Sunday. DOHA: Nebras Power, with its partners Diamond Generating Europe and Kawar Group, have...

European stocks rise on expected ECB stimulus move 19 Jan 2015 - 11:07 pm

London - Europe's main stock markets closed higher Monday, the start of a pivotal week for the region with the ECB forecast to...

Danish central bank cuts deposit rate as euro weakens 19 Jan 2015 - 10:37 pm

Copenhagen - Denmark's central bank cut its deposit rate further into negative territory Monday as market players speculated the country could follow Switzerland's...

Goldcorp buys Probe to expand Canadian mining 19 Jan 2015 - 08:38 pm

MONTREAL--Goldcorp offered to buy Probe Mines on Monday in a friendly stock deal valued at C$526 million (US$439 million), in a move to...

Europe stocks close higher 19 Jan 2015 - 08:31 pm

PARIS--Europe's main stock markets closed higher on Monday with London's benchmark FTSE 100 index rising 0.54 percent to end the day at 6,585.53...

Swiss firm files patent suit against Nespresso 19 Jan 2015 - 08:11 pm

GENEVA--Swiss firm Ethical Coffee Company said on Monday it had lodged a complaint in a Paris court against Nestle for patent infringement with...

Russia capital flight more than doubled in 2014 to $151 bn 19 Jan 2015 - 03:02 pm

MOSCOW--Net capital outflows from Russia more than doubled in 2014 to $151.5 billion, prompted by the Ukraine crisis and the plunging value of...

Germany continues to repatriate gold 19 Jan 2015 - 02:58 pm

FRANKFURT--The German central bank or Bundesbank said Monday that it stepped up the repatriation of its gold reserves from overseas storage last year....

German economy has overcome doldrums: Bundesbank 19 Jan 2015 - 02:22 pm

Frankfurt--The German economy, Europe's biggest, has managed to shrug off faster than expected the period of weakness it experienced last year, the German...

Russian economy to shrink 4.8% this year 19 Jan 2015 - 02:18 pm

London--Russia's battered economy will shrink by a far worse-than-expected 4.8 percent this year, as plunging oil prices add to fallout from the Ukraine...

Swiss stocks open higher after dramatic week 19 Jan 2015 - 01:11 pm

Geneva---Swiss stocks opened 2.21 higher Monday, after plunging 14 percent last week following the central bank's shock decision to scrap its three-year bid...

Japanese companies doing more firing than hiring 19 Jan 2015 - 12:37 pm

Tokyo---More than half of Japanese who are laid off will still be out of work a year later, an international report said Monday,...

Eurostar to resume service after weekend of 'Chunnel' disruptions 19 Jan 2015 - 12:26 pm

Paris---Eurostar will run a full train service Monday but with some delays possible, after a weekend that saw disruptions caused by a lorry...