Business

Egypt suspends rice exports until further notice 26 Nov 2013 - 10:04 am

ABU DHABI: Egypt suspended rice exports less than a week after issuing licences to sell the grain abroad, the head of the rice...

Bangladesh, US sign trade agreement 26 Nov 2013 - 10:03 am

DHAKA: Bangladesh and the United States signed a trade agreement yesterday in a move Dhaka hoped would bolster a relationship damaged by the...

WTO talks fail to agree on deal text 26 Nov 2013 - 10:03 am

GENEVA: Marathon talks on the World Trade Organisation’s first-ever worldwide trade reform in Geneva failed early yesterday to agree on a text to...

Key European markets climb; gold shines 26 Nov 2013 - 10:02 am

LONDON: European stock markets climbed yesterday after Iran struck a landmark deal on its nuclear programme that will see sanctions eased on the...

Hard for Iran to up oil exports: IEA 26 Nov 2013 - 10:02 am

MOSCOW: It would be difficult for Iran to revive its oil output to former levels quickly even if international restrictions on its exports...

Private firm to manage Fujairah grain silos 26 Nov 2013 - 10:01 am

ABU DHABI: The UAE will start operating new grain silos in Fujairah within the coming months and has picked a private company to...

Etisalat fined for blocking du’s promo texts 26 Nov 2013 - 10:01 am

DUBAI: The UAE telecom regulator yesterday fined former monopoly Etisalat for blocking text messages that would have provided its customers with details on...

Iran deploying more ships to transport oil 26 Nov 2013 - 10:01 am

LONDON: Iran is quietly mobilising more ships to store and transport oil, aiming to keep its fields working and mitigate losses of several...

US pending home sales hit new low, services sector rebounds 26 Nov 2013 - 10:00 am

WASHINGTON: Contracts to buy previously owned US homes hit a 10-month low in October, but a strong rebound in services sector activity early...

Kuwait Airways chief suspended over Jet plan 26 Nov 2013 - 10:00 am

KUWAIT: Kuwait has suspended the chairman of state-owned Kuwait Airways in a dispute over his plans to buy five used aircraft from India’s...

TRC-Q applies for new patent 26 Nov 2013 - 09:59 am

DOHA: Total Research Centre Qatar (TRC-Q) has applied for a new patent in the domain of Geochemistry. The patent will allow a quick,...

Dubai to act as hub for emerging Islamic markets, says IDB chief 26 Nov 2013 - 09:59 am

DUBAI: Countries as distant as central Asia and Africa are expected to use Dubai to obtain expertise and financing channels as they develop...

Dubai to boost govt spending by 11pc in 2014 26 Nov 2013 - 09:58 am

DUBAI: Dubai plans to boost its government spending by 11 percent next year to the highest level since its property bubble burst in...

Jenaan to sell all wheat produce in Egypt 26 Nov 2013 - 08:01 am

ABU DHABI: Abu Dhabi-based agriculture investment firm Jenaan said it was changing its strategy in Egypt to growing wheat and helping ensure food...

RBS accused of ‘distressing’ small firms 26 Nov 2013 - 08:01 am

LONDON: Royal Bank of Scotland faced more damage to its reputation yesterday after the government handed regulators a report claiming that the state-rescued...

Namibia to limit oil and gas exploration 26 Nov 2013 - 08:00 am

WINDHOEK: Namibia plans to stop oil and gas companies from carrying out off-shore exploration for part of the year, to protect the fishing...

Transparency key to Islamic banking operations: Al Shaibei 26 Nov 2013 - 06:34 am

International Islamic CEO Abdul Basit Al Shaibei receiving a memento from Abdeslam Ballaji, President of the Moroccan Association for Islamic Economics. DOHA: Highest...

Al Sada receives Netherlands minister 25 Nov 2013 - 10:22 am

The Minister of Energy and Industry, H E Dr Mohammed bin Saleh Al Sada, hosted a working dinner in honour of Henk Kamp,...