Business

Al Sada meets Maltese minister 29 May 2013 - 12:24 am

The Minister of Energy and Industry, H E Dr Mohammed bin Saleh Al Sada, yesterday met Konrad Mizzi, Minister of Energy and Conservation...

No change in currency peg soon: QCB 29 May 2013 - 12:24 am

DUBAI: Qatar may change its peg to the US dollar when the economy becomes less dependent on hydrocarbons and local financial markets deepen,...

Oil rises ahead of Opec meeting 29 May 2013 - 12:23 am

NEW YORK: Brent crude rose more than $1 yesterday as US consumer optimism and signs of easier monetary policy from central banks pushed...

Al Noor Hospitals plans London listing to raise $150m 29 May 2013 - 12:23 am

ABU DHABI: UAE healthcare provider Al Noor Hospitals Group aims to raise some $150m through an initial public offering (IPO) of shares on...

Qatar Exchange hosts Investor Relations Conference 29 May 2013 - 12:22 am

DOHA: Qatar Exchange (QE) in its efforts to improve investor relations (IR) standards and encourage the adoption of international best practices once again...

Renault Clio 3 on production line 29 May 2013 - 12:21 am

An employee inspects a Renault Clio 3 on the production line at the Renault automobile factory in Flins.

Russia pipeline could doom Europe’s Nabucco 29 May 2013 - 12:21 am

VIENNA/BRUSSELS: Europe’s grand plan for a gas pipeline from the Caspian Sea that would make its eastern states less reliant on Russia may...

US home prices accelerate 29 May 2013 - 12:20 am

A single family home is shown for sale in Encinitas, California. NEW YORK: US home prices accelerated by the most in nearly seven...

IMF hopes to agree loan for Yemen 29 May 2013 - 12:19 am

DUBAI: The International Monetary Fund hopes to agree a new longer term loan for impoverished Yemen by the end of 2013 and mobilise...

Saoud Abdullah Auditing Firm joins Russell Bedford, rebrands as RBSA 29 May 2013 - 12:19 am

DOHA: Qatar’s Saoud Abdullah Auditing Firm has been re-branded as ‘RBSA Audit Firm’ on joining Russell Bedford International, a global network of independent...

Bankia stock plunge hits small shareholders 29 May 2013 - 12:18 am

MADRID: Shares in bailed-out Spanish finance group Bankia plunged yesterday, angering small stakeholders who said they were losing out after being cheated into...

VW agrees pay deal for German workers 29 May 2013 - 12:17 am

Volkswagen employees working on a VW Passat at the construction line of Volkswagen plant in Emden. HANOVER, Germany: Volkswagen granted its German factory...

Egypt to cut natural gas exports 29 May 2013 - 12:17 am

LONDON: Egypt will cut exports of natural gas and tell major industries to slow output this summer to avoid an energy crisis and...

Chinese city bans anti-refinery protest 29 May 2013 - 12:16 am

BEIJING: The government of the southwestern Chinese city of Kunming yesterday banned residents from protesting next week against planned chemical production at a...

Moody’s raises outlook on US banking system 29 May 2013 - 12:16 am

NEW YORK: Moody’s yesterday upgraded its outlook of the US banking system for the first time since 2008, citing improving US economic conditions...

EU urges reform of Bulgaria energy sector 29 May 2013 - 12:16 am

SOFIA: Brussels recommended yesterday far-reaching reforms to Bulgaria’s troubled energy sector as well as measures like better insulation, as a solution to high...

Russia hydroelectric power 29 May 2013 - 12:14 am

A general view of the dam of the Sayano-Shushenskaya hydroelectric power station on the Yenisei River some 520km to the south of Siberian...

India growth accelerates 29 May 2013 - 12:12 am

A worker monitors ice cream production at Vadilal Industries Ltd at Pundhara village, around 60km from Ahmedabad yesterday. India’s industrial output accelerated by...