Business

US homebuilder sentiment rises 18 Jun 2013 - 05:41 am

NEW YORK: Sentiment among US homebuilders surged in June, rising above a key milestone for the first time since the start of the...

Etihad mulls equity stake in Serbia’s JAT Airways 18 Jun 2013 - 05:41 am

BELGRADE/DUBAI: Etihad Airways has signed a preliminary agreement with the Serbian government over a possible equity investment in the Balkan country’s loss-making JAT...

Chevron signs oil deal in Kurdistan 18 Jun 2013 - 05:40 am

BAGHDAD: US energy giant Chevron has signed another oil exploration deal in Iraq’s autonomous Kurdistan region, it said yesterday, one of several contracts...

India’s trade deficit widens in May 18 Jun 2013 - 05:40 am

NEW DELHI: India’s trade deficit hit a seven-month high in May as gold imports surged, raising fresh concerns about Asia’s third largest economy,...

EU, US leaders launch free-trade talks 18 Jun 2013 - 05:39 am

US President Barack Obama meets with Transatlantic Trade and Investment Partnership members at the G8 Summit at Lough Erne in Enniskillen, Northern Ireland,...

World economic prospects remain weak: G8 leaders 18 Jun 2013 - 05:38 am

ENNISKILLEN: The Group of Eight leaders said yesterday that that world economic prospects remained weak even though downside risks have lessened due partly...

Qatar Holding sells back 10pc Porsche stake 18 Jun 2013 - 05:38 am

DUBAI/BERLIN: Qatar Hol-ding, the investment arm of the state’s sovereign wealth fund, has sold its 10 percent stake in Porsche SE to the...

India’s central bank keeps interest rates 18 Jun 2013 - 05:37 am

MUMBAI: India’s central bank kept its benchmark interest rates unchanged yesterday, after three successive cuts, citing inflationary concerns and a weak rupee. The...

Qatar building 77 new hotels: QDB analysts 18 Jun 2013 - 05:37 am

DOHA: With more and more players entering Qatar’s hospitality sector, the industry’s present market dynamic is bound to change in a big way. ...

Syrian pound falls to new record low 18 Jun 2013 - 05:37 am

AMMAN: Washington’s decision to arm opponents of Syrian President Bashar Al Assad and reports of Gulf military aid to rebels have sent the...

Internet fast changing purchasing behaviour: Official 18 Jun 2013 - 05:36 am

DOHA: The Internet is fast changing the purchasing behaviours of consumers in the Mena region, including Qatar. Nearly 33 percent of Mena region...

Qatar Exchange up a shade; Saudi rebounds 18 Jun 2013 - 05:35 am

Doha: Qatar Exchange ended in the green yesterday adding 5.29 points (or 0.06 percent) to advance to 9,429.70 points from 9,424.41 on Sunday....

Qatar Cool wins two awards at IDEA conference in US 18 Jun 2013 - 05:34 am

Officials with the awards. DOHA: Qatar District Cooling Company (Qatar Cool), the district cooling leader in Qatar, has won two prestigious awards at...

Oil price strikes nine-month peak 18 Jun 2013 - 05:33 am

LONDON: The price of New York’s main oil benchmark hit a nine-month peak yesterday, as traders worried that the Syria crisis could hit...

European stocks start week with solid gains 18 Jun 2013 - 05:23 am

LONDON: European stock markets rose solidly yesterday as traders looked ahead to a key US Federal Reserve meeting due mid-week while keeping an...

Orders for big jets make a splash in Paris 18 Jun 2013 - 05:22 am

From left: Embraer Commercial Aviation President and CEO Paulo Cesar Silva, SkyWest Chairman and CEO Jerry Atkin and Embraer President and CEO Frederico...

France Telecom board backs CEO despite fraud probe 18 Jun 2013 - 05:21 am

PARIS: France Telecom’s executive board agreed yesterday to keep chief executive Stephane Richard in his job after he was put under investigation for...

India cuts Iran oil imports by more than 40pc 18 Jun 2013 - 05:21 am

NEW DELHI: India cut its Iranian oil imports by more than 40 percent in the first five months of the year, replacing the...