Business

Syria issues food tender with Iran credit 25 Dec 2013 - 07:31 am

ABU DHABI: A Syrian state purchasing agency has issued a tender to buy 50,000 tonnes of flour with payment through an Iranian credit...

China to aim for 7.5pc growth next year as exports recover 25 Dec 2013 - 07:31 am

BEIJING: China will likely stick with this year’s growth target of 7.5 percent for 2014 as top leaders balance the need to keep...

French economy contracted 0.1 percent in third quarter 25 Dec 2013 - 07:30 am

PARIS: France’s economy contracted 0.1 percent in the third quarter, the statistics body INSEE confirmed yesterday, but indicated the country should dodge recession...

SEC revives insider trading suit over Onyx shares 25 Dec 2013 - 07:28 am

New York: US securities regulators have filed a new lawsuit accusing two Dubai residents of illegally trading in Onyx Pharmaceuticals Inc stock based...

Qatari bourse index adds 45.30 points 25 Dec 2013 - 07:27 am

Doha: Qatar Exchange pursued its upswing trend yesterday adding 45.30 points, or 0.43 percent, to advance to 10,498.45 points from 10,453.15 on Monday....

Russian firms at risk of US stimulus withdrawal 25 Dec 2013 - 07:27 am

MOSCOW: Russian banks and companies may face higher money market rates or a weaker rouble due to the US withdrawal of monetary stimulus,...

ING sells S Korean insurance arm for €1.27bn 25 Dec 2013 - 07:26 am

THE HAGUE: Dutch banker ING yesterday said it has completed the sale of its South Korean insurance arm ING Life Korea to private...

GIC buys 50pc stake in London office complex 25 Dec 2013 - 07:26 am

SINGAPORE: One of Singapore’s sovereign wealth funds confirmed yesterday it had acquired a 50 percent stake in a major City of London office...

‘Fuwairit’ delivers first cargo to India 24 Dec 2013 - 09:20 am

RasGas’ Liquefied Natural Gas tanker ‘Fuwairit’ berthed at the Kochi LNG Receiving Terminal in India. DOHA: RasGas successfully delivered its first cargo aboard...

QIC to set up department for corporate social responsibility programmes 24 Dec 2013 - 09:19 am

The chief executive officer of QIC Khalifa Al Sub’ie DOHA: Qatar Insurance Company (QIC) is planning to set up a special department for...

Drake & Scull wins QR400m mall deal 24 Dec 2013 - 09:18 am

A computer rendition of the Mall of Qatar. DOHA: Drake & Scull Qatar (DSI Qatar), a wholly-owned subsidiary of Drake & Scull International...

Philippine economy rallies 24 Dec 2013 - 09:16 am

An aerial view of Manila yesterday. The Philippine economy should grow 7 percent this year, and between 6.5 and 7.5 percent next year,...

Apple deal lifts Wall Street to new high 24 Dec 2013 - 09:14 am

A man uses an Apple iPhone in front of China Mobile banners at one of its branches in Beijing yesterday. NEW YORK: US...

Winter storms dampen UK’s high street shopping rush 24 Dec 2013 - 09:13 am

Shoppers on Oxford Street — Britain’s busiest shopping street — in London’s West End yesterday. LONDON: British retailers risked missing out on the...

Qatar plans to invest $200m in Indian property 24 Dec 2013 - 09:10 am

MUMBAI: Qatar Investment Authority (QIA), the sovereign wealth fund, is in talks to invest $200m in residential property in India, a source with...

Public sector deposits retreat by 5pc in Nov: QNB 24 Dec 2013 - 09:08 am

DOHA: Public sector deposits retreated by 5 percent month-on-month in November, but up 28.1 percent year-to-date, while private sector deposits gained by 3.7...

Qatari bourse recovers from two-week low; region mixed 24 Dec 2013 - 09:08 am

Doha/Dubai: Qatar Exchange ended in the green area yesterday adding 50.38 points (0.50 percent) advance to 10,453.15 points from 10,402.77 on Sunday. The...

Major boost to merchandise trade balance 24 Dec 2013 - 09:07 am

DOHA: Qatar’s merchandise trade balance — the difference between exports and imports — increased sixfold from QR64.1bn to QR392.2bn during 2006-2012. Total exports,...