Business

Iraq oil exports decline 05 Oct 2013 - 03:22 am

A worker adjusts the valve of an oil pipe at Najaf oil refinery in Najaf, 160km south of Baghdad, yesterday. Iraq exported an...

New South Sudan bank to focus on retail, trade ties with Gulf 05 Oct 2013 - 03:15 am

JUBA: South Sudanese lender Liberty Commercial Bank plans to expand its retail business with the help of foreign investors and is looking for...

Oil heads towards $110 as storm nears US Gulf 05 Oct 2013 - 03:14 am

LONDON: Brent crude oil edged towards $110 a barrel yesterday as a tropical storm approached the oil-producing regions around the US Gulf, but...

Barclays to wrap up $9.4bn cash call to bolster capital 05 Oct 2013 - 03:13 am

LONDON: Barclays completed its £5.8bn ($9.4bn) fundraising yesterday to meet a capital shortfall identified by its regulator, after almost 95 percent of the...

Moody’s lowers credit rating of Brazil’s Petrobras 05 Oct 2013 - 03:13 am

RIO DE JANEIRO: Credit rating agency Moody’s has downgraded the long-term debt rating of Brazil’s state-run energy giant Petrobras, citing concern that the...

Royal Mail to price sale at upper end of range 05 Oct 2013 - 03:13 am

LONDON: Britain is set to price the sale of its Royal Mail postal service towards the upper end of its original range, two...

Western oil firms warm up to Iran 05 Oct 2013 - 03:13 am

LONDON: The tempting taboo of Iran’s oil and gas riches has moved a step nearer for Western oil companies, lining up to woo...

BoJ holds off new monetary easing moves 05 Oct 2013 - 03:12 am

TOKYO: The Bank of Japan yesterday held off fresh monetary easing measures, but its chief said he was ready to act if the...

Swiss bank Safra Sarasin to shut India wealth JV 05 Oct 2013 - 03:12 am

MUMBAI/DUBAI: J Safra Sarasin Group, a Swiss private bank, is shutting its Indian joint venture after it was unable to build significant scale...

Samsung expects record Q3 profit of $9.4bn 05 Oct 2013 - 03:11 am

SEOUL: Samsung Electronics Co said yesterday it expected to post a record operating profit of 10.1 trillion won ($9.4bn) in the third quarter...

QP to expand global presence: Al Sada 04 Oct 2013 - 05:36 am

The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada with top executives of QP after the launch of...

QE’s main index gains, market cap increases to QR530.14bn 04 Oct 2013 - 05:35 am

DOHA: Qatari stocks gained last week with the main index of the bourse inching up 180.26 points, or 1.88 percent, to 9,761.03. The...

Global food prices fall to new low 04 Oct 2013 - 05:35 am

ROME: Global food prices are not expected to fall much further after dipping to their lowest level in three years in September, the...

European markets slide amid US woes 04 Oct 2013 - 05:34 am

Traders work on the floor of the New York Stock Exchange yesterday. PARIS: European stock markets mostly slid while the euro continued to...

Global fund firms fret over UAE fee structure 04 Oct 2013 - 05:34 am

DUBAI: International funds selling investments in the UAE plan to lobby financial regulators to ease new product registration fees which they complain are...

Gas riches off Cyprus lower than expected 04 Oct 2013 - 05:33 am

NICOSIA: Gas reserves off Cyprus are nearly a third less than initially estimated but remain “substantial,” the country’s energy minister said yesterday, insisting...

Eurozone recovery gathers pace 04 Oct 2013 - 05:33 am

BRUSSELS: Eurozone business activity continued to pick up in September, hitting a 27-month high, with an improved performance from Europe’s battered south feeding...

QP unveils corporate vision 04 Oct 2013 - 04:44 am

The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada with top executives of QP after the launch of...