Business

IMF cuts world growth outlook 09 Apr 2014 - 01:25 am

WASHINGTON: The International Monetary Fund cut its growth forecast for the global economy yesterday, pointing to the threat from the Ukraine crisis and...

‘Egypt growth to remain slow’ 09 Apr 2014 - 01:25 am

DUBAI: Growth in Egypt’s economy is expected to remain sluggish this year as political uncertainty keeps tourists and foreign investors away, the International...

EU, Ukraine talk on gas amid tension 09 Apr 2014 - 01:23 am

BRUSSELS: Ukraine’s energy minister, EU officials and industry representatives held talks yesterday on cutting reliance on Russian gas as tension with Moscow drove...

Special offers from Ritz-Carlton for Qatar spring holidays 09 Apr 2014 - 01:23 am

Manama: The Ritz-Carlton, Bahrain Hotel & Spa recently released special offers on its villas coinciding with Qatar spring holidays. Set amidst lush gardens...

Stéphane Michel to head TOTAL’s Mena E&P division 09 Apr 2014 - 01:23 am

DOHA: Integrated energy giant ‘TOTAL’ has announced that the North Africa Division of its Exploration and Production (E&P) activities has been transferred to...

Germany goes for renewable energy reform 09 Apr 2014 - 01:23 am

BERLIN: Chancellor Angela Merkel’s cabinet approved yesterday a reform of Germany’s renewable energy law designed to curb a rise in the cost of...

Europe court scraps phone, email data collection law 09 Apr 2014 - 01:22 am

LUXEMBOURG: Europe’s top court yesterday struck down an EU law forcing telecoms operators to store private phone and email data for up to...

Etihad completes Alitalia check 09 Apr 2014 - 01:22 am

ROME: Abu Dhabi-based Etihad Airways has completed its assessment of whether to purchase a stake in Italy’s debt-laden airline Alitalia and a draft...

UK extends recovery as factories boost output 09 Apr 2014 - 01:21 am

LONDON: Britain’s economy extended its strong recovery into this year, data showed yesterday, with manufacturing jumping by much more than expected, companies reporting...

Citi to pay $1.1bn for settlement 09 Apr 2014 - 01:21 am

NEW YORK: Citigroup said it reached an agreement with a group of 18 institutional investors to pay $1.1bn to settle claims on some...

Bank of Japan quashes additional stimulus hopes 09 Apr 2014 - 01:20 am

TOKYO: The head of the Bank of Japan yesterday quashed hopes of an imminent expansion to its massive stimulus scheme, and said the...

Microsoft ends Windows XP support 09 Apr 2014 - 01:20 am

BOSTON: Microsoft Corp released its final security updates for Windows XP and Office 2003 yesterday as security experts warned users that they could...

Indonesia keeps rates on hold as inflation eases 09 Apr 2014 - 01:20 am

JAKARTA: Bank Indonesia kept its benchmark reference rate steady for a fifth straight month, saying the current level was consistent with efforts to...

UAE to launch overnight lending facility 09 Apr 2014 - 01:17 am

DUBAI: The central bank of the United Arab Emirates will introduce on April 15 a mechanism allowing the country’s banks to borrow funds...

QE extends rally, highest close since June 2008 08 Apr 2014 - 05:05 am

DOHA: Qatar Exchange index rose 1 percent yesterday to end at 12,217 points, its highest close since June 2008, as blue-chip stocks led...

Sun Pharma buys rival Ranbaxy for $3.2bn 08 Apr 2014 - 05:03 am

NEW DELHI: India’s third-biggest drugs company Sun Pharma announced yesterday a $3.2bn deal to buy larger domestic rival Ranbaxy from Daiichi Sankyo, ending...

The new cabin of Airbus A350 XWB 08 Apr 2014 - 04:06 am

The new cabin of an Airbus A350 XWB flight-test aircraft at the German headquarters of Airbus in Hamburg-Finkenwerder. The planemaker unveiled the cabin...

Qatar, Portugal to boost trade 08 Apr 2014 - 04:04 am

The Minister of Economy and Commerce, H E Sheikh Ahmed bin Jassim bin Mohammed Al Thani and the Deputy Prime Minister of Portugal,...