Business

L&T looks overseas to offset weak economy 23 May 2013 - 02:31 am

NEW DELHI/MUMBAI: Larsen and Toubro Ltd , India’s largest engineering and construction group, will look overseas to offset a weak economy and project...

Carrefour to divest 25pc stake in Middle East venture 23 May 2013 - 02:31 am

DUBAI: Carrefour, Europe’s largest retailer, is in advanced talks to divest its remaining 25-percent stake in its Middle Eastern joint venture to local...

ENBD raises $1bn from bond sale 23 May 2013 - 02:28 am

DUBAI: Emirates NBD, Dubai’s biggest lender by market value, raised $1bn from a capital-boosting bond yesterday, amid healthy demand for the deal. Proceeds...

New plane from Pilatus 22 May 2013 - 01:51 am

A replica of the newly unveiled PC 24 aircraft of Swiss plane maker Pilatus during the Annual European Business Aviation Convention & Exhibition...

Doha Bank may sell bonds to raise capital 22 May 2013 - 01:51 am

DUBAI: Doha Bank could issue a capital-boosting bond instead of shares as planned, although it was evaluating the best route to help raise...

Thomson Reuters launches Islamic Finance indicator 22 May 2013 - 01:50 am

DUBAI/ DOHA: Thomson Reuters yesterday launched an Islamic Finance Development Indicator in collaboration with the Islamic Corporation for the Development of the Private...

Yen woes for Japanese exports 22 May 2013 - 01:49 am

A worker walks beside newly produced cars ready for shipment at a port in Kawasaki, south of Tokyo, yesterday. Signs are that most...

Brent futures fall towards $104 22 May 2013 - 01:48 am

LONDON: Brent oil futures fell towards $104 per barrel yesterday driven by concerns that the US Federal Reserve might scale back its quantitative...

Strike fails to affect projects, says Arabtec 22 May 2013 - 01:48 am

DUBAI: Arabtec, Dubai’s largest construction firm, said yesterday the delivery of projects was unaffected by what it called a partial labour stoppage, adding...

Shale gas and energy costs vex EU leaders 22 May 2013 - 01:47 am

BRUSSELS: European leaders will discussed plans to exploit shale gas in summit talks yesterday as part of a decades-long quest to develop more...

Apple denies tax gimmicks; pressure rises 22 May 2013 - 01:36 am

WASHINGTON: Apple denied yesterday using “gimmicks” to dodge taxes and said it welcomes a review of US fiscal laws after a Senate investigation...

US business team seeks Qatar opportunities 22 May 2013 - 01:35 am

The representatives of Franchise Times/IFA and US Commercial Service Trade Mission during the press conference at Four Seasons yesterday. (Shaival Dalal) BY MOHAMMAD...

Mannai opens showroom in Istanbul 22 May 2013 - 01:34 am

Officials of Mannai Automotive Group and Chevrolet during the opening of the showroom in Istanbul. DOHA: Mannai Automotive Group, the distributor of General...

EU watchdog unveils caps for bank bonuses 22 May 2013 - 01:03 am

LONDON: EU regulators confirmed yesterday they will cap bonuses of bankers earning more than ¤500,000 a year and added other conditions to make...

Visiting Australian minister discusses business with QBA members 22 May 2013 - 01:02 am

Australian Foreign Minister Bob Carr (left) with Pablo Kang, Australian Ambassador to the United Arab Emirates and Qatar, during a businessmen reception in...

Egypt budget gap worrying: IMF official 22 May 2013 - 01:01 am

DUBAI: Egypt’s worsening fiscal gap is a concern but the International Monetary Fund is still ready to continue talks on a $4.8bn loan...

Iran moves to impose steep export duty on iron ore 22 May 2013 - 12:59 am

SHANGHAI/LONDON: Iran’s government is negotiating a tax of up to 40 percent on iron ore exports to take advantage of a surge in...

Batelco CEO leaves, former boss steps in 22 May 2013 - 12:59 am

DUBAI: Bahrain Telecommunications Co (Batelco), which has suffered a sustained profit slump, said Sheikh Mohamed bin Isa Al Khalifa had quit as chief...