Business

Peru official sees 2013 growth close to 6.1pc 28 May 2013 - 04:54 am

DUBAI: Peru’s economic growth is likely to be close to 6.1 percent this year but more data is needed before the central bank...

Shanghai sees biofuel gold in recycled cooking oil 28 May 2013 - 04:54 am

SHANGHAI: China’s commercial hub Shanghai plans to turn recycled cooking oil, some of it seized by authorities, into an environmental asset by converting...

Iran offers insurance to India refiners 28 May 2013 - 04:52 am

NEW DELHI: Iran has offered insurance for Indian refiners to boost its crude sales, industry sources said yesterday, as the Islamic nation looks...

GE investing billions eyeing fracking boom 28 May 2013 - 04:52 am

PITTSBURGH: One of America’s corporate giants is investing billions of dollars in the new boom of oil and gas drilling, or fracking. General...

Germany says financial transaction tax unlikely soon 28 May 2013 - 04:52 am

BERLIN: German government officials are playing down prospects for introducing a financial transaction tax in the near future after a member of the...

Merkel sticks to electric cars target despite setback 28 May 2013 - 04:50 am

BERLIN: Chancellor Angela Merkel reaffirmed her target to bring one million electric cars on to German roads by the end of the decade,...

EU exit puts US trade deal at risk, Britain warned 28 May 2013 - 04:46 am

The Obama administration has warned British officials that if the UK leaves Europe it will exclude itself from a US-EU trade and investment...

Ezdan building over 50,000 housing units 27 May 2013 - 01:13 am

Sheikh Dr Khaled bin Thani bin Abdallah Al Thani and Ali Al Obaidili, CEO. DOHA: Ezdan Holding, one of Qatar’s leading real estate...

Arab Spring nations face delayed economic recovery: IMF official 27 May 2013 - 01:12 am

US Secretary of State John Kerry (left) speaks with Palestinian President Mahmoud Abbas at the World Economic Forum on the Middle East and...

Minsk Motor Show 27 May 2013 - 01:09 am

Visitors walk near the stand of French car producer Citroen at the international Minsk Motor Show in Belarus.

Plan to revive Palestinian economy to see $4bn investment 27 May 2013 - 01:09 am

AL SHUNAH, Jordan: US Secretary of State John Kerry said yesterday that an economic plan to revive the ailing Palestinian economy is expected...

Suez Canal April revenue dips 27 May 2013 - 01:08 am

CAIRO: Revenue from Egypt’s Suez Canal declined 6.2 percent in April from a year earlier to $406.1m, Egypt’s State Information Portal said yesterday. ...

QIB rated ‘A’ with stable outlook 27 May 2013 - 01:08 am

DOHA: Qatar Islamic Bank (QIB), with total a income of QR724m for the first quarter of this year, has received an ‘A’ rating,...

Frankfurt weathers crisis better than rivals 27 May 2013 - 01:08 am

FRANKFURT: With banking union brewing and London mulling an EU exit, is Frankfurt ready to take on the mantle as Europe’s unchallenged financial...

Merkel, Li call for end to EU-China solar trade row 27 May 2013 - 01:07 am

German Chancellor Angela Merkel (right) and China’s Prime Minister Li Keqiang give a press conference at the Chancellery in Berlin, Germany, yesterday. BERLIN:...

Trailblazing Israeli electric car company to fold 27 May 2013 - 01:06 am

A file picture shows a man with his electric car at a charging station at the first electric vehicle demonstration centre, built by...

Fed stimulus plan worries investors on Wall Street 27 May 2013 - 01:05 am

NEW YORK: The US stock market’s break in its recent rally this week left investors wondering if they’re seeing a turning point or...

Resignation of Kuwait oil minister accepted: Report 27 May 2013 - 01:05 am

KUWAIT: The resignation of Kuwait’s oil minister Hani Hussein has been accepted, local media reported, after he came under pressure from lawmakers wanting...