Business

Greek bank records profit 29 May 2014 - 02:46 am

People outside a National Bank branch in Athens, yesterday. National Bank (NBG), Greece’s largest lender by assets, reported its sixth consecutive quarterly profit...

Qatargas, Kuwait Petroleum sign deal 29 May 2014 - 02:02 am

Doha: Qatar Liquefied Gas Company Ltd (2) (Qatargas 2) and Kuwait Petroleum Corporation (KPC) have executed an agreement to supply KPC with liquefied...

E.ON, RasGas sign contract for LNG supply 29 May 2014 - 02:01 am

Doha: E.ON and RasGas Company Ltd signed a medium-term flexible contract, with immediate effect, for the supply of liquefied natural gas from Qatar...

Qatar’s exports in April down 7pc 29 May 2014 - 02:01 am

DOHA: The value of Qatar’s total exports of goods (including exports of domestic origin and re-exports) in April 2014 stood at QR40.1bn (about...

Bahrain clarifies Basel III rules, eyes 2015 rollout 29 May 2014 - 02:01 am

DUBAI: Bahrain has become the first country in the Gulf outside Saudi Arabia to clarify its treatment of capital-boosting instruments under Basel III...

April passenger demand growth soars, says IATA 29 May 2014 - 01:59 am

DOHA: The passenger demand growth of Middle East airlines’ soared 18.6 percent in April 2014, compared to the same month last year, which...

Microsoft shows off real-time Skype translator 29 May 2014 - 01:58 am

California: Microsoft Corp showed off a test version of a real-time, spoken-word translation service for Skype calls, the first time the world’s largest...

Nod for 49pc foreign ownership positive for stocks: Deutsche Bank 29 May 2014 - 01:58 am

Doha: The new directive issued by the Emir, H H Sheikh Tamim bin Hamad Al Thani, to raise foreign ownership in Qatari stocks...

Mall of Qatar gears up for Cityscape Qatar 29 May 2014 - 01:57 am

Doha: Mall of Qatar, the largest shopping Mall in the country when it opens by the fourth quarter of 2015, is gearing up...

EU lays out energy plan, to reduce Russia dependence 29 May 2014 - 01:55 am

BRUSSELS: The European Commission laid out plans yesterday to cut the EU’s costly reliance on energy imports, especially from Russia which has threatened...

Ukraine starts gas stockpiling for winter 29 May 2014 - 01:54 am

MILAN/LONDON: Ukraine’s stored gas reserves are sufficient to help meet needs well into the winter should Russia cut supplies as authorities step up...

Ukraine to owe $5.2bn by June 7: Gazprom 29 May 2014 - 01:54 am

MOSCOW: Ukraine will owe Russia about $5.2bn for natural gas as of June 7 if it makes no payments by that date, the...

Ukraine starts gas stockpiling for winter 29 May 2014 - 01:53 am

MILAN/LONDON: Ukraine’s stored gas reserves are sufficient to help meet needs well into the winter should Russia cut supplies as authorities step up...

Most regional markets retreat on profit taking 29 May 2014 - 01:49 am

DUBAI: Most share markets in the Gulf declined yesterday as stocks that will enter MSCI’s emerging market index were hit by profit-taking, while...

Emaar secures $1.5bn Islamic loan 29 May 2014 - 01:48 am

DUBAI/ABU DHABI: Emaar Properties has secured a $1.5bn Shariah-compliant loan from five local lenders, two banking sources aware of the matter said yesterday,...

Jet Airways to restructure after posting worst loss 29 May 2014 - 01:45 am

NEW DELHI: Jet Airways Ltd laid out a three-year restructuring plan yesterday vowing to take tough measures to return India’s No. 2 airline...

London house prices falling: Nationwide 29 May 2014 - 01:44 am

LONDON: The price of homes in Britain’s capital may start to fall this summer, UK lender Nationwide said yesterday, potentially reducing the need...

Tesla shares decline after S&P’s ‘junk’ bond rating 29 May 2014 - 01:44 am

WASHINGTON: Shares in upstart electric car maker Tesla fell 2.5 percent yesterday after Standard & Poor’s gave the company’s bonds a “junk” rating. ...