Business

Experts at IPTC tackle complex energy issues 22 Jan 2014 - 12:04 am

The Minister of Energy and Industry, H E Dr Mohamed bin Saleh Al Sada, and Andrew Swiger, Senior Vice-President of Exxon Mobil Corporation...

Lenovo eyes IBM unit 21 Jan 2014 - 11:56 pm

People stand under a sign showing the Lenovo company at a computer market in Shanghai yesterday. Lenovo Group Ltd has resumed talks to...

Fitch affirms Dolphin Energy’s bonds A+ rating 21 Jan 2014 - 11:55 pm

DOHA: Fitch Ratings has affirmed Dolphin Energy Limited’s (DEL) $1,250m 5.888 percent bonds at ‘A+’; Outlook Stable. The Ratings Agency has also affirmed...

Patton Boggs elects two partners 21 Jan 2014 - 11:55 pm

WASHINGTON/DOHA: Patton Boggs announced the election of Charbel M Maakaron and Lacy L Kolo to the partnership, effective immediately. Both were previously associates...

Gold falls one percent on strong dollar 21 Jan 2014 - 11:54 pm

LONDON: Gold fell one percent yesterday, dragged down by firmer equities and a stronger dollar after renewed talk that the US Federal Reserve...

Unilever sticks with emerging markets 21 Jan 2014 - 11:54 pm

LONDON: Unilever said it would stick to its emerging markets growth strategy as a fourth-quarter recovery in sales in the region boosted the...

Oil reaches $108, IEA says demand to accelerate 21 Jan 2014 - 11:54 pm

LONDON: Oil rose to touch $108 a barrel yesterday after the International Energy Agency (IEA) raised its forecast for global oil demand this...

IMF raises global growth forecast 21 Jan 2014 - 11:53 pm

WASHINGTON: The International Monetary Fund raised its global growth forecast for the first time in nearly two years yesterday, saying fading economic headwinds...

Pakistan forecasts robust growth 21 Jan 2014 - 11:39 pm

Pakistani labourers prepare a steel pillar at a construction site in Lahore yesterday. Pakistan’s central bank estimated economic growth for the current fiscal...

Alstom orders fall 21 Jan 2014 - 11:38 pm

The logo of French power and transport engineering company Alstom on a wall of the company’s plant in Reichshoffen near Haguenau, North Eastern...

Qatari bourse index adds 75.26 points 21 Jan 2014 - 11:37 pm

Doha: Qatar Exchange index added 75.26 points, or 0.68 percent, to advance to 11,147.39 points from 11,072.13 on Monday. The volume of the...

EBRD cuts Turkey growth forecast 21 Jan 2014 - 11:37 pm

LONDON: The European Bank for Reconstruction and Development yesterday cut its economic growth forecast for Turkey, blaming the impact of a deep political...

Spain regains world No 3 spot for tourists: PM 21 Jan 2014 - 11:36 pm

MADRID: Spain announced yesterday it has retaken the number three spot in world tourism in 2013, overtaking China by luring a record 60.6...

Hollande ties business tax relief to investment 21 Jan 2014 - 11:36 pm

PARIS: President Francois Hollande yeserday tied a promise to ease the tax burden on French companies to their readiness to invest in France...

Bank Sohar Q4 net profit climbs 20.5pc 21 Jan 2014 - 11:35 pm

DUBAI: Oman’s Bank Sohar, currently in talks with rival lender Bank Dhofar over a possible merger, posted a 20.5 percent increase in fourth-quarter...

Novartis to cut 500 jobs 21 Jan 2014 - 11:34 pm

The logo of Swiss drugmaker Novartis at its headquarters in Basel. Novartis expects to cut up to 500 jobs in its pharmaceuticals division,...

South Korean credit firms in trouble 21 Jan 2014 - 11:32 pm

A customer talks on the phone behind the logo of KB Kookmin Financial Group at a branch of the bank in Seoul yesterday....

China’s Iran crude imports fall 2.2pc 21 Jan 2014 - 11:30 pm

BEIJING: China’s daily Iranian crude oil imports fell 2.2 percent to 428,840 barrels per day in 2013, a smaller-than-expected drop than previously forecast...