Business

Egypt seeks to lure investors from region 28 Oct 2013 - 12:37 am

CAIRO: Egypt is planning a charm offensive to persuade Gulf Arab entrepreneurs to invest in its economy, battered by political upheaval, protests and...

Libya says US firm to stay, eyes Algeria gas deal 28 Oct 2013 - 12:37 am

TRIPOLI: US firm Marathon Oil will continue operating in Libya after giving up plans to sell its stake in Waha Oil Company, Oil...

Jordan’s Arab Bank 9 month net profit up 15.4pc 28 Oct 2013 - 12:36 am

AMMAN: Jordanian lender Arab Bank Group’s nine-month net profit rose 15.4 percent to $559m, helped by growth in net interest income and operating...

Dubai opens second airport after delay 28 Oct 2013 - 12:34 am

The UAE Vice President, Prime Minister and Ruler of Dubai, H H Sheikh Mohammed bin Rashid Al Maktoum tours the newly opened Al...

Iran’s energy subsidies hindering vital projects: MP 28 Oct 2013 - 12:34 am

DUBAI: Cash handouts on fuel introduced by Iran’s previous government to offset price hikes are depriving state energy companies of funds needed to...

Bullish trading across Middle East bourses 27 Oct 2013 - 11:53 pm

DUBAI: Saudi Arabia’s largest listed company Saudi Basic Industries Corp (SABIC) fell from a 18-month high yesterday, weighing on the kingdom’s bourse after...

Renaissance unit prices debut bond 27 Oct 2013 - 11:53 pm

DUBAI: Topaz Marine, a unit of Oman’s Renaissance Services, priced its $350m debut bond, a statement from the parent firm said on Sunday,...

Romanian farmers choose subsistence over shale gas 27 Oct 2013 - 11:51 pm

Men celebrate over a destroyed makeshift well during a protest against plans by US energy major Chevron to search for shale gas in...

Finland’s stellar credit rating at risk 27 Oct 2013 - 11:51 pm

HELSINKI: Finland’s image as an island of fiscal virtue in an ocean of European profligacy has eroded to the point that many ask...

NYSE runs Twitter IPO test to avoid FB chaos 27 Oct 2013 - 11:48 pm

NEW YORK: The New York Stock Exchange on Saturday did a test run of Twitter’s highly anticipated market debut, as it seeks to...

Small Japanese firms become gold mines to foreign investors 27 Oct 2013 - 11:47 pm

TOKYO: A resurgent Japanese stock market has seen a big boom in shares of the country’s corporate titans, but now rich returns are...

GCC continues to lead Mena growth 27 Oct 2013 - 01:25 am

Doha: The latest International Monetary Fund (IMF) World Economic Outlook projections suggest that economic performance in the Middle East and North Africa (Mena)...

PM to open Euromoney Qatar Conference 27 Oct 2013 - 01:25 am

DOHA: The Euromoney Qatar 2013 Conference, key meeting of the world’s leading players and thinkers in finance, will be held here in December...

Energy independence 27 Oct 2013 - 01:22 am

Pump jacks are seen in the Midway Sunset oilfield, California. Forty years after an Arab oil embargo throttled the US economy, surging North...

Toyota settles US acceleration case 27 Oct 2013 - 01:22 am

New YORK: Toyota Motor Corp reached a deal on Friday to resolve a lawsuit in the United States over unintended acceleration issues, one...

Wal-Mart to accelerate China expansion 27 Oct 2013 - 01:21 am

SHANGHAI: Wal-Mart Stores, the world’s largest retailer, plans to add as many as 110 stores over three years in China, while shutting some...

Qatar Exchange Roundup: Results fail to lift QE index 27 Oct 2013 - 01:18 am

By Basher Kahlout The week witnessed the disclosure of 14 listed companies of their results for the nine months, which showed a decline...

US jobs market 27 Oct 2013 - 01:17 am

A sign advertising jobs is posted along a street in the Brooklyn borough of New York. US employers added far fewer than expected...