Business

Pawan Goenka, President of Automotive and Farm Equipment Sectors at Mahindra & Mahindra, with the new Mahindra Verito Vibe compact car in Mumbai...

NEW YORK/LONDON:  Brent crude oil rose modestly yesterday after inventory data showed fuel stockpiles in the United States fell sharply last week, signalling...

BRUSSELS: T   he pace of the eurozone’s economic contraction slowed quarter-on-quarter in the first three months of this year, EU statistics showed yesterday,...

Black glue is applied on an Audi A3 car door at the production line of the German car manufacturer’s plant in the Bavarian...

KHARTOUM/JUBA: South Sudan will restart oil exports this month but will need at least a year to restore output fully after fighting with...

LONDON/NEW DELHI: Western sanctions drove Iran’s crude exports to the lowest in decades in May, according to industry sources and tanker-tracking data, even...

DOHA/CAIRO: The Minister of Energy and Industry, H E Dr Mohammed bin Saleh Al Sada, is in Cairo heading a delegation that includes...

MOMBASA: Hundreds of workers at east Africa’s only oil refinery protested  yesterday at the threatened closure of the facility, on Kenya’s Indian Ocean...

Workers at the Portland labour camp in an industrial area on the outskirts of Sharjah. Gulf nations have relied heavily on the supply...

DUBAI: Volatility in US Treasury yields and a dip in investor appetite for emerging market credits could put a brake on new issuance...

Bangalore: Plastic-packaging maker RPC Group Plc  said it would benefit from easing polymer prices and savings from cost- cutting, sending its shares up...

STOCKHOLM: Ikea founder Ingvar Kamprad is stepping down from the board of Inter Ikea, owner of the furniture giant’s concept and brand, as...

An investor walks past electronic boards displaying stock information at the ADX Abu Dhabi Securities Exchange. DUBAI: Investors are betting that the United...

Doha: Qatar Exchange index lost 4.73 points or 0.05 percent to hit 9,305.81 points from the previous closing of 9,310.54 points.  The volume...

LONDON: International investors are being tempted back into Egyptian stocks, after taking a breather this year, viewing a selloff on renewed signs of...

DUBAI: Arabtec Holding expects a series of recent contract wins to boost its 2013 earnings and the Dubai contractor is targeting a dividend...

  DUBAI:  Zain Saudi, the kingdom’s third-largest telecom operator, has signed a SR2.25bn ($600m) Islamic loan guaranteed by its parent company. The three-year murabaha...

Brand new Ford Escape SUVs are displayed on the sales lot at Journey Ford in Novato, California, yesterday. Ford announced the recall of...