Business

Opec December output falls 07 Jan 2014 - 08:39 am

LONDON: Opec’s oil output fell in December to the lowest since May 2011, a Reuters survey found, due to strikes and protests in...

Suez Canal master plan to be finalised in nine months 07 Jan 2014 - 08:19 am

CAIRO: Egypt has invited 14 consortia to bid for a chance to say how they would develop the Suez Canal area, officials said...

QDB holds Al Dhameen talks with partner banks 07 Jan 2014 - 08:19 am

DOHA: Qatar Development Bank (QDB) held its eighth Al Dhameen dialogue session with partner banks in Doha to identify ways to enhance the...

Egypt economy starting to pick up: Survey 07 Jan 2014 - 08:18 am

CAIRO: Business activity in Egypt grew for a second consecutive month in December, a survey showed yesterday, in a positive sign that the...

UAE output growth at 32-month high 07 Jan 2014 - 08:10 am

DUBAI: Growth in overall business activity in the United Arab Emirates’ non-oil private sector slowed slightly in December, but output expanded at the...

Boeing delivers 648 jets in 2013 07 Jan 2014 - 08:10 am

NEW YORK: Boeing said yesterday that it ended 2013 setting company records for deliveries and unfilled orders for commercial aircraft as it ramps...

Libya aims to run economy and banking system on Islamic lines 07 Jan 2014 - 08:07 am

TRIPOLI: Libya will transform its banking and economic system to comply fully with Islamic law that bans interest payments, the economy minister and...

Syria’s state wheat import deals reach 2.4m tonnes 07 Jan 2014 - 08:07 am

ABU DHABI: War-torn Syria’s state wheat import deals surged to 2.4 million tonnes in 2013 from 550,000 a year earlier, the country’s General...

UK services activity slows in December 07 Jan 2014 - 08:06 am

LONDON: Growth in Britain’s services sector slowed unexpectedly in December, but confidence rose and the economy still looks likely to have recorded its...

JPMorgan Chase to pay $2bn in Madoff probe 07 Jan 2014 - 08:05 am

NEW YORK: JPMorgan Chase, the US bank used by Bernard Madoff who masterminded the biggest fraud on record, has agreed to pay about...

Qatari banks may post poor earnings growth 05 Jan 2014 - 11:38 pm

DOHA: Qatari banks are likely to witness poor earnings growth as their net interest margins (NIMs) continue to face pressure with the cost...

Nakilat Damen Shipyards lays keel for two Stan Tugs 05 Jan 2014 - 11:37 pm

Officials of Nakilat Damen Shipyards Qatar and Nakilat SvitzerWijsmuller during the keel laying ceremony. DOHA: Qatari shipbuilder Nakilat Damen Shipyards Qatar (NDSQ) yesterday...

Qatar Exchange index hits 52-week high 05 Jan 2014 - 11:36 pm

DOHA: Qatar Exchange extended the rally lifting its 20-stock benchmark index to a 52-week high yesterday. Driven by the buying interests of local...

Hossein Adeli is Secretary-General of the GECF 05 Jan 2014 - 11:35 pm

Doha: Dr SM Hossein Adeli, (pictured) an economist and diplomat with vast international experience, assumes office as Secretary-General of the Gas Exporting Countries...

Protest against French ‘ecotax’ 05 Jan 2014 - 11:34 pm

A protester wearing a red cap, the symbol of protest in Brittany, displays one of the Breton regional flags during a demonstration demanding...

Gearing up for Consumer Electronics Show 05 Jan 2014 - 11:34 pm

Technicians with TCL Communication put together a display near the Toshiba booth in preparation for the 2014 Consumer Electronics Show at the Las...

Google’s gigabit Internet 05 Jan 2014 - 11:33 pm

A technician picks up cones by his truck after installing Google Fiber in a residential home in Provo, Utah. Provo is one of...

HTC Q4 profit below expectations 05 Jan 2014 - 11:32 pm

TAIPEI: Taiwanese smartphone maker HTC reported a worse than expected net fourth-quarter profit yesterday, despite aggressive cost cutting and a one-time gain. The...