Business

Qatari bourse index adds 45.53 points 30 Sep 2013 - 01:01 am

Doha: Qatar Exchange index added 45.53 points, or 0.48 percent advance to 9,626.30 points from 9,580.77 on Thursday. The volume of the shares...

Lebanon selling bonds to boost liquidity 30 Sep 2013 - 01:00 am

ABU DHABI: Lebanon’s central bank has been selling some of its holdings of international bonds issued by the Lebanese government to improve its...

Yemen may issue sukuk to fund imports of oil products 30 Sep 2013 - 01:00 am

ABU DHABI: Yemen’s government may issue a local-currency Islamic bond this year to finance its imports of petroleum products, its central bank governor...

Oman looks beyond Iran sanctions for gas lifeline 30 Sep 2013 - 12:56 am

DUBAI: If Iranian President Hassan Rouhani’s dream of reaching a deal with world powers on Tehran’s nuclear program in six months comes true,...

Siemens to cut 15,000 jobs 30 Sep 2013 - 12:55 am

A Siemens mechatronics apprentice works on a bench vice during a class at the Siemens training centre in Berlin. BERLIN: German engineering and...

Malabar Gold & Diamonds opens 100th showroom 30 Sep 2013 - 12:52 am

Malabar Gold & Diamonds, a South India-based jewellery chain, opened its 100th showroom at sector 43, Gold Souk, Gurgaon, near New Delhi. Cricket...

French stores rebel against Sunday ban 30 Sep 2013 - 12:52 am

PARIS: Braving a court ban, 14 home improvement stores in France opened to the public yesterday in an increasingly bitter tug of war...

Brazil oil firm OGX allowed delay in debt payment 30 Sep 2013 - 12:52 am

RIO DE JANEIRO: Brazilian oil company OGX Petróleo e Gás SA won a six-month delay in a debt payment that will reduce the...

ANZ, UOB eye Hong Kong’s Wing Hang Bank 30 Sep 2013 - 12:52 am

HONG KONG: Singapore’s United Overseas Bank Ltd and Australia & New Zealand Banking Group Ltd are considering a bid for Hong Kong’s Wing...

Nigeria inks $1.3bn power plant deal with China 30 Sep 2013 - 12:51 am

ABUJA: Nigeria has signed a deal for Chinese state companies to build a $1.3bn power plant, the finance ministry said yesterday, part of...

Etisalat talks to buy Vivendi’s Maroc Tel stake extended to Oct 31 30 Sep 2013 - 12:51 am

DUBAI: Exclusive talks for Etisalat to buy Vivendi’s 53 percent stake in Maroc Telecom have been extended to October 31, the United Arab...

Weekly Money Market Review with IBQ: Threat of a historical debt default looms across markets 30 Sep 2013 - 12:41 am

Last week, the dollar movement was hampered by the threat of a historical debt default and the lack of clarity over when the...

Pentagon, Lockheed in $7.8bn deal 29 Sep 2013 - 01:15 am

Major Mike Rountree, (C) a marine fighter attack training officer, shows naval flight students a U.S. Marine F-35B Joint Strike Fighter Jet during...

EU watchdog wants to charge foreign clearing houses 29 Sep 2013 - 01:14 am

LONDON: The European Union’s markets watchdog wants to charge foreign clearing houses seeking to cash in on new derivatives rules being introduced across...

China partner for Peugeot no worry for GM: Official 29 Sep 2013 - 01:12 am

DS5 cars are parked in a workshop inside the PSA Peugeot Citroen Chinese factory in Shenzhen, south China’s Guangdong province, yesterday. NEW YORK:...

DP World chief on Equador visit 29 Sep 2013 - 01:05 am

Sultan Ahmed bin Sulayem (left), Chairman of DP World, with Ecuador’s President Rafael Correa during his visit at Carondelet palace in Quito yesterday.

GCC capital expenditure to rise, says QNB 29 Sep 2013 - 01:04 am

Doha: Gulf Cooperation Council (GCC) governments are investing heavily in infrastructure, and spent an estimated $112bn on capital projects in 2012, according to...

Samsung addresses EU concerns in antitrust probe 29 Sep 2013 - 01:04 am

NEW YORK: Samsung Electronics Co offered remedies that may settle a European Union probe over whether it breached antitrust rules through its use...