Business

Brent falls but underpinned by Syria, US data 27 Aug 2013 - 12:24 am

LONDON: Brent crude eased towards $110.50 a barrel yesterday but was supported near a five-month high as tensions over a suspected chemical weapons...

Iran boosts iron exports to India, China as oil sales slump 27 Aug 2013 - 12:24 am

NEW DELHI/LONDON: Iran is raising its exports of iron ore and iron products to China and India in an attempt to replace at...

German offshore wind farm opens 27 Aug 2013 - 12:23 am

A view of the windmills of the farm BARD Offshore 1, 100km north-west of the German island of Borkum, yesterday. The first complete...

Strong sell-off drags QE below 10,000 mark 27 Aug 2013 - 12:23 am

DOHA: A correction dragged Qatar bourse below the 10,000 levels and its capitlaisation shrank 8.5bn in a single day trading, making it the...

IILM sells about $490m sukuk 27 Aug 2013 - 12:22 am

DUBAI: A consortium of central banks from Asia, the Middle East and Africa has taken a first step towards developing a cross-border market...

DAE in talks to merge some assets with BBA 27 Aug 2013 - 12:22 am

DUBAI: Dubai Aerospace Enterprise (DAE), owner of US-based engine repair and maintenance business StandardAero, is in talks to merge parts of its business...

Deloitte offers technology to recover EU VAT 27 Aug 2013 - 12:21 am

DOHA: Deloitte has announced the launch of a regional initiative to assist Middle East businesses to recover tax (value added tax) paid in...

Slim backs Telefonica’s German plans 27 Aug 2013 - 12:21 am

MADRID: Mexican billionaire Carlos Slim’s America Movil said yesterday it is backing rival Spanish group Telefonica’s sweetened takeover bid, valued at ¤8.55bn ($11.4bn),...

Turkish lira hovers near record lows 27 Aug 2013 - 12:21 am

ISTANBUL: The Turkish lira hovered just off record lows near two to the dollar yesterday while the 2-year benchmark bond yield inched above...

Building material demand to rise 26 Aug 2013 - 01:06 am

By Satish Kanady DOHA: Qatar’s construction sector is set to see a record demand of primary building materials in the coming few years. ...

Argentina to pay debt before court ruling 26 Aug 2013 - 01:06 am

BUENOS AIRES: Argentina will continue repaying its debt on the same terms, the country’s economy minister said yesterday after Buenos Aires lost an...

QPMC signs deal for gabbro expansion 26 Aug 2013 - 01:05 am

Officials of Qatar Primary Materials Company and FLSmidth and Six Construct during the signing ceremony. DOHA: Qatar Primary Materials Company (QPMC) has signed...

New country head appointed at Mashreq 26 Aug 2013 - 01:04 am

DOHA: Mashreq Qatar has announced the appointment of Ross Officer (pictured) as country head. Officer will lead Mashreq Qatar as it moves into...

Greek ‘hair cut’ could trigger domino effect 26 Aug 2013 - 01:02 am

BERLIN: German Chancellor Angela Merkel warned a Greek debt write-down could spark a “domino effect of uncertainty” and scare off investors in the...

High price, rival supplies hurt Iran oil: Minister 26 Aug 2013 - 01:02 am

DUBAI: Iran’s oil exports are being hurt by current high prices that make it more economical for rivals like the United States to...

World leaders to put shadow banks on long leash 26 Aug 2013 - 12:57 am

LONDON: World leaders are expected to take a softly-softly approach to regulating the so-called shadow banking sector when they meet in Russia next...

Sinopec’s first half net profit grows 24pc 26 Aug 2013 - 12:57 am

HONG KONG: Chinese oil giant Sinopec said yesterday its net profit for the first half of 2013 grew 24 percent, thanks to improved...

Sudan earns $236m from South oil fees 26 Aug 2013 - 12:56 am

KHARTOUM: Sudan earned more than $230m in fees for the export of South Sudanese oil this year, official media reported yesterday, days before...