Business

Abu Dhabi’s Mubadala Aerospace eyes US deals in growth drive 21 Nov 2013 - 08:56 am

DUBAI: The aerospace unit of Abu Dhabi investment fund Mubadala is targeting acquisitions in the US to expand its manufacturing capabilities after securing...

Qatar down as trading resumes after glitch 21 Nov 2013 - 08:55 am

Doha/DUBAI: Egypt’s main stock index jumped 1.4 percent yesterday to its highest level since January 2011 after a major political protest in the...

Devon buys oil shale assets for $6bn 21 Nov 2013 - 08:55 am

NEW YORK CITY: US oil and gas firm Devon Energy announced yesterday that it will acquire a significant stake in a sought-after Texas...

Remittances from Qatar set to reach $15bn this year: Xpress Money 21 Nov 2013 - 08:55 am

Doha: Remittance volumes from Qatar is estimated to grow by over 15 percent this year and could clock $15bn by the end of...

Russia suspends bank linked to Putin’s cousin 21 Nov 2013 - 08:55 am

MOSCOW: Russia yesterday suspended the operations of a popular Moscow bank whose board includes a cousin of President Vladimir Putin on suspicion of...

Russian firm to pay $2.94bn for Eni’s Arctic stake 21 Nov 2013 - 08:54 am

MILAN: Italian energy giant Eni yesterday said it is selling its stake in Arctic Russia to Yamal Development, a joint venture owned by...

Protest against Nokia-Microsoft deal 21 Nov 2013 - 08:52 am

Nokia factory workers protest on a football pitch outside the factory in Dongguan, Guangdong province, yesterday. Hundreds of workers shouted slogans outside the...

US shale boom not a concern for Riyadh 21 Nov 2013 - 08:51 am

DUBAI: Top oil exporter Saudi Arabia remains unconcerned by surging US shale output, which threatens to eat into Opec’s market share, and sees...

Turkey’s central bank signals rate hikes 21 Nov 2013 - 08:51 am

ISTANBUL: Turkey’s central bank signalled a return to a more conventional monetary policy yesterday, telling economists it would focus on fighting inflation, albeit...

BoE in no rush to raise interest rates 21 Nov 2013 - 08:51 am

LONDON: Bank of England policymakers will be in no hurry to raise interest rates even as the economy gathers steam, minutes of their...

Virgin Australia chief lashes out at Qantas 21 Nov 2013 - 08:50 am

SYDNEY: Virgin Australia chief John Borghetti yesterday lashed out at “offensive” allegations made by Qantas in an escalating row over foreign ownership, with...

Economy not ideal: Bernanke 21 Nov 2013 - 08:49 am

Federal Reserve Chairman Ben Bernanke during an interview at the National Economists Club dinner at the US Chamber of Commerce in Washington. WASHINGTON:...

Samsung sued in US for patents infringement 21 Nov 2013 - 08:49 am

TAIPEI: A Taiwanese electronics company yesterday said it has filed a lawsuit against South Korean tech giant Samsung for allegedly infringing on its...

Price war takes off 21 Nov 2013 - 08:47 am

An AirAsia Airbus aeroplane on the tarmac of Low Cost Carrier Terminal airport in Sepang outside Kuala Lumpur. Malaysia’s AirAsia Bhd will take...

India’s Jet Airways closes stake sale to Etihad 21 Nov 2013 - 08:46 am

NEW DELHI: India’s Jet Airways has completed the sale of a 24 percent stake to Abu Dhabi’s Etihad, sealing the first deal with...

Chinese central bank suggests faster tempo for freeing yuan 21 Nov 2013 - 08:42 am

BEIJING: With a shift in tone and language, China’s central bank governor has dangled the prospect of speeding up currency reform and giving...

2nd edition of Qatar Petroleum Occupational Health meet opens 20 Nov 2013 - 01:10 pm

The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada at the 2nd QP Occupational Health expo. DOHA: The...

Qatar calls to make mobile broadband more accessible 20 Nov 2013 - 01:09 pm

Ooredoo Chairman Sheikh Abdullah bin Mohammed bin Saud Al Thani and other delegates at ITU 2013. Doha/Bangkok: The Chairman of Ooredoo Sheikh Abdullah...