Business

Qatar non-oil growth to pick up: Fitch 08 Apr 2014 - 02:47 am

DOHA: Qatar’s non-oil economic growth is forecast to pick up in 2014. Fitch Ratings said in its latest “Mena Sovereign Credit Overview” that...

Dubai tells global bankers to expect another boom 08 Apr 2014 - 02:46 am

LONDON: Dubai told international bankers yesterday that it was gearing up for another boom and did not regret the pro-growth policies which brought...

Agreement in principle on UAE bourse merger 08 Apr 2014 - 02:46 am

ABU DHABI: A top Dubai economic policymaker said yesterday that an agreement to merge the two main stock markets in the United Arab...

Qatar’s GDP up 6.5pc in 2013 to hit QR737bn 08 Apr 2014 - 02:46 am

DOHA: The Minister of Economy and Commerce, H E Sheikh Ahmed bin Jassim bin Mohammed Al Thani yesterday said that Qatar’s gross domestic...

Pope rules Vatican bank to stay operative, approves reforms 08 Apr 2014 - 02:45 am

VATICAN CITY: Pope Francis has approved a reform proposal keeping the Vatican bank operative, ending a year of speculation over whether the pontiff...

Etihad nears extension of Air Berlin partnership 08 Apr 2014 - 02:45 am

ABU DHABI: Etihad Airways is still negotiating commercial terms for a potential investment in Alitalia and is close to extending its partnership with...

Plans for EU gas to Ukraine could be blocked 08 Apr 2014 - 02:45 am

LONDON: Reverse flows of natural gas from Europe to Ukraine to help it handle Russian price and supply cuts would be possible within...

HTC sales dive to five-year low 08 Apr 2014 - 02:44 am

Customers look at HTC smartphones in a mobile phone shop in Taipei. TAIPEI: Taiwan’s struggling smartphone maker HTC posted a net loss of...

The Hanover fair 08 Apr 2014 - 02:43 am

German Chancellor Angela Merkel receives a tulip from a robot on the stand of Dutch company ‘NTS Group’ as she is accompanied by...

World Bank trims China forecast 08 Apr 2014 - 02:43 am

SINGAPORE: The World Bank trimmed its 2014 growth forecast for China to 7.6 percent, from 7.7 percent previously. It kept the 2015 growth...

Germany strikes conciliatory tone with France on economy 08 Apr 2014 - 02:42 am

BERLIN: France’s new finance minister travelled to Berlin yesterday to defend budget plans to his German counterpart who was upbeat about Paris’ efforts...

Recovery in eurozone seen 08 Apr 2014 - 02:42 am

PARIS: The eurozone economy is expected to recover steadily in the first quarter of this year with growth of 0.4 percent pulled by...

Mallinckrodt to buy Questcor for $5.6bn 08 Apr 2014 - 02:42 am

NEW YORK: Ireland-based Mallinckrodt will buy US rival Questcor Pharmaceuticals in a roughly $5.6bn cash-and-stock deal expected to expand the firm’s drive in...

Taiwan’s aircraft maker set to be privatised soon 08 Apr 2014 - 02:42 am

TAIPEI: Taiwan’s sole aircraft maker AIDC applied to be listed on the stock exchange as part of a government drive to privatise large...

Numericable shares surge 08 Apr 2014 - 02:41 am

Patrick Drahi (centre), Executive Chairman of cable and mobile telecoms company Altice and founder of Numericable, Eric Denoyer (left), CEO of French cable...

Lebanon to begin gas licensing soon 08 Apr 2014 - 02:40 am

BEIRUT: Lebanon expects to close its first licensing round for offshore gas exploration areas within about four months after overcoming a legislative hurdle...

‘Oil price fair despite strong political factors’ 08 Apr 2014 - 02:40 am

KUWAIT CITY: Kuwaiti Oil Minister Ali Al Omair said yesterday that current oil prices are “fair” despite strong geopolitical factors impacting the region. ...

Kuwait in talks to renew oil contracts with Egypt 08 Apr 2014 - 02:39 am

KUWAIT: Kuwait is in talks to renew some of its contracts to supply oil to Egypt and has been looking for potential investments...