Business

Mideast crude tanker rates at 3-month low 08 Aug 2013 - 01:14 am

LONDON: Crude oil tanker earnings on the major Middle East route fell to their lowest in over three months yesterday as a surplus...

Tata Motors Q1 profit dives 08 Aug 2013 - 01:11 am

A worker cleans a Tata Motors passenger bus at a depot in New Delhi yesterday. MUMBAI: India’s top carmaker Tata Motors yesterday reported...

German industrial output surges in June 08 Aug 2013 - 01:10 am

A file picture of cars for export parked at a shipping terminal in the harbour of the northern German town of Bremerhaven. German...

Aldar to reduce $3.8bn debt by more than half 08 Aug 2013 - 01:09 am

ABU DHABI: Developer Aldar Properties laid out plans to cut its $3.8bn debt by more than half in coming years as it starts...

UK watchdog rules against Airbus in jet advert row 08 Aug 2013 - 01:07 am

LONDON: The UK’s advertising watchdog has ruled against Airbus over its complaint that a Boeing Co advert used misleading figures to promote one...

QE emerges as heavyweight in GCC markets 07 Aug 2013 - 02:03 am

By Satish Kanady DOHA: Qatar bourse was the third largest contributor to the GCC’s combined market capitalisation of $864.5bn recorded in July 2013....

Chinese dream 07 Aug 2013 - 02:03 am

Chinese migrant workers walk beside a ‘Chinese Dream’ poster near the CCTV Tower in the Central Business District of Beijing yesterday. Chinese President...

These bells toll in 100 countries 07 Aug 2013 - 02:02 am

Workers work on a new bell in the Grassmayr bell foundry in Innsbruck. The Grassmayr foundry is the oldest family business in Austria...

Muntajat confirms deal with Belarus firm 07 Aug 2013 - 01:59 am

DOHA: Qatar Chemical and Petrochemical Marketing and Distribution Company, ‘Muntajat’ yesterday confirmed to have signed an agreement with JSC Belaruskali, the Belarussian state-owned...

Data triple boost to UK recovery hopes 07 Aug 2013 - 01:59 am

London: Hopes that Britain has finally emerged from its post-recession doldrums received a triple boost with news of surging factory output, higher car...

Dubai rises for 7th straight session 07 Aug 2013 - 01:59 am

DUBAI: Qatar Exchange was down yesterday by 5.27 points or 0.05pc to close at 9,803.19 from 9,808.46 points on Monday. Among the top...

Al Meera, Mannai post rise in first half profits 07 Aug 2013 - 01:59 am

Doha: Al Meera and Mannai Corporation QSC announced yesterday increases in first half profits of 2013. Al Meera recorded a profit of QR57.5m...

Alijarah first half net profit over QR76.37m 07 Aug 2013 - 01:58 am

DOHA: Alijarah Holding’s net profit exceeded QR76.37m during the first half of 2013. The company’s total operating income reached QR174 during the period....

Raghuram Rajan to be India central bank governor 07 Aug 2013 - 01:57 am

NEW DELHI: India yesterday named a former International Monetary Fund chief economist as its new central bank governor as it grapples with a...

Israel gas group aims at exports to Turkey, Egypt 07 Aug 2013 - 01:57 am

JERUSALEM: A group of energy companies that discovered large amounts of natural gas off Israel’s Mediterranean coast said they were in talks to...

US trade gap hits three-and-half-year low 07 Aug 2013 - 01:52 am

WASHINGTON: The US trade deficit narrowed sharply in June to its lowest level in more than 3-1/2 years as imports fell and exports...

Belarus potash miner enters into marketing pact with Muntajat 06 Aug 2013 - 01:32 am

A machine positions recently excavated potash ore in the OAO Uralkali mines in Berezniki, Russia. MINSK: Belarussian potash producer Belaruskali aims to tap...

Qatar awards $27.5bn contracts in first half 06 Aug 2013 - 01:15 am

DOHA: Qatar has awarded a total of 35 mega contracts with a combined value of approximately $27.5bn in the first half of 2013....