Business

Greece has three days to deliver or face consequences: EU 03 Jul 2013 - 01:13 am

BRUSSELS/ATHENS: Greece has three days to reassure Europe and the International Monetary Fund it can deliver on conditions attached to its international bailout...

Mitsubishi UFJ in $5.6bn deal with Thai bank 03 Jul 2013 - 01:12 am

TOKYO: Japan’s Mitsubishi UFJ, the country’s largest lender, said yesterday it planned to buy 75 percent of Thailand’s Bank of Ayudhya for about...

GM, Honda partner on fuel cell vehicle 03 Jul 2013 - 01:11 am

CHICAGO: General Motors and Honda will combine forces to develop hydrogen fuel cell vehicles in the hopes of delivering them to customers by...

Juba exports undercut Asia crude cargoes 03 Jul 2013 - 01:10 am

SINGAPORE: South Sudan’s shipment of its first crude cargoes in June after 17 months out of the market, on top of falling Japanese...

Saudi skips term contracts for naphtha 03 Jul 2013 - 01:09 am

SINGAPORE: Saudi Aramco skipped renewing a half-yearly contract on three out of five naphtha grades for the first time with its Asian buyers...

Ford, Chrysler post solid gains in June US auto sales 03 Jul 2013 - 01:09 am

CHICAGO: Ford and Chrysler posted solid gains in June US auto sales yesterday as analysts forecast a strong close to the first half...

RBI’s bid to stem rupee fall 03 Jul 2013 - 01:08 am

A teller counts a bundle of Indian rupee notes at a financial institution in Mumbai yesterday. Concerned about the rupee’s fall to a...

Qatari bourse index adds 38.06 points 03 Jul 2013 - 01:07 am

Doha: Qatar Exchange index added 38.06 points or 0.41 percent yesterday to advance to 9,368.60 points from 9,330.54 on Monday. The volume of...

Saudi taps new oil areas in plan to preserve capacity 03 Jul 2013 - 01:07 am

Al KHOBAR: Saudi Aramco plans to develop two less productive areas of major oilfields, industry sources said, as Riyadh takes care to maintain...

Jet shares slump on worries over Etihad deal 03 Jul 2013 - 01:07 am

NEW DELHI: Shares of Jet Airways slid as much as six percent yesterday amid new investor worries over whether the Abu Dhabi-based Etihad...

Gold sales to Iran come under US sanctions 03 Jul 2013 - 01:06 am

WASHINGTON: Rigid new US sanctions against Iran came into force yesterday including bans on the sale or barter of gold to the Islamic...

Bahrain issues $398m in 3-year govt bonds 03 Jul 2013 - 01:05 am

DUBAI: Bahrain issued BD150m ($397.9m) in three-year government development bonds, a central bank statement said yesterday. The expected interest rate on the bonds...

Al Sada urges sustainable gas development 02 Jul 2013 - 02:03 am

The Minister of Energy and Industry, H E Dr Mohammed bin Saleh Al Sada at the second gas summit in Moscow. DOHA: The...

QNB shares rise to 52-week high, hit QR161 02 Jul 2013 - 02:02 am

DOHA: The shares of Qatar National Bank (QNB) surged to a 52-week high to QR161 in yesterday’s trading. The shares opened at QR157.50...

QE Al Rayan Islamic Index up 180pc since January 2007 02 Jul 2013 - 02:01 am

DOHA: QE Al Rayan Islamic Index has generated a cumulative return of 180.2 percent since January 2007. Over the same period the QE...

Maran signs $662.4m refinancing deal 02 Jul 2013 - 01:59 am

From Left: Dimitri Stylianou from Maran Gas Maritime; Khalid Al Ahbabi, Barwa Bank; Muhammad Ghannam, Nakilat; Bassel Gamal, QIB, and Abdullah Al Sulaiti,...

Gold prices rebound after biggest quarterly drop on record 02 Jul 2013 - 01:58 am

LONDON: Gold prices rose yesterday, rebounding after posting its biggest quarterly loss on record, as the dollar steadied ahead of a raft of...

Banks in EU anti-trust rule breach 02 Jul 2013 - 01:57 am

A view of the headquarters of investment banking and securities firm Goldman Sachs in lower Manhattan, in New York. The European Commission said...