Business

NHS: Poles, paracetamol and the myth of health tourism 19 May 2013 - 03:57 am

By Zoe Williams Never mind the EU referendum, there were some truly regrettable things about the Queen’s Speech: chiefly, the proposals to tackle...

Rise in European car sales 18 May 2013 - 05:07 am

Employees of the BLG Logistics Group working on a line of new Mercedes-Benz cars in Bremerhaven, Germany. European car sales posted their first...

Cyprus growth to return by 2015, says IMF 18 May 2013 - 05:06 am

WASHINGTON: Cyprus should return to growth in 2015 after three years of deep recession, the International Monetary Fund said yesterday, but will need...

Oil rises despite firm dollar 18 May 2013 - 05:06 am

NEW YORK: Oil climbed for a third straight session yesterday, supported by a raft of strong economic data from top oil consumer the...

Total boosts exploration, production drive: CEO 18 May 2013 - 05:05 am

PARIS: The development of new oil reserves and a more aggressive exploration strategy will enable French oil group Total to meet its targets...

US consumer sentiment rebounds 18 May 2013 - 05:05 am

NEW YORK: US consumer sentiment rebounded in early May to the highest level in nearly six years, an encouraging sign after recent data...

Malaysia’s UMW may raise $1bn in energy unit IPO 18 May 2013 - 05:04 am

KUALA LUMPUR: Malaysia’s UMW Holdings Bhd plans to sell 39 percent of its oil and gas unit in an initial public offering this...

Chances of stimulus after Carney arrival: BoE official 18 May 2013 - 05:04 am

BIRMINGHAM: The Bank of England (BoE) may have more scope to boost the economy after Mark Carney starts as governor because of tentative...

Turkey hails investment grading 18 May 2013 - 05:04 am

ISTANBUL: Turkey hailed its second investment grade rating yesterday, seeing it as a seal of approval from international markets for a decade of...

Oil price probe widens to include Dutch trading company 18 May 2013 - 05:03 am

LONDON: The European Commission investigation into possible oil price manipulation extended beyond three major companies to a smaller niche trading house, while a...

Miners threaten to bring South Africa to ‘standstill’ 18 May 2013 - 05:03 am

RUSTENBURG, South Africa: The leader of South Africa’s biggest platinum mining union threatened yesterday to bring Africa’s No. 1 economy “to a standstill”...

GDF Suez signs huge US LNG deal with Japanese firms 18 May 2013 - 05:02 am

PARIS: French energy group GDF Suez has signed a joint-venture with US firm Sempra Energy and Japanese groups Mitsubishi and Mitsui relating to...

Vimpelcom plans to delist Orascom stock 18 May 2013 - 05:02 am

CAIRO/MOSCOW: Emerging markets telecoms group Vimpelcom wants to delist Cairo-based subsidiary Orascom Telecom Holding (OTH) from the Egyptian and London stock exchanges so...

Doha Tower bags another award 17 May 2013 - 03:54 am

Officials receiving the ‘GCC Building Project of the Year’ award at the recently concluded ‘MEED Quality Awards for Projects 2013’. DOHA: The 46-storey...

London firm develops takaful unit 17 May 2013 - 03:54 am

SYDNEY: London-based firm Cobalt has developed a Shariah-compliant insurance platform that uses a syndication model to help spread risk across a panel of...

Al khaliji to offer 3D secure service 17 May 2013 - 03:54 am

DOHA: Al Khalij Commercial Bank (al khaliji), in it efforts to improve online shopping security, has plans to introduce 3D secure system for...

Expo to promote India as global R&D destination 17 May 2013 - 03:54 am

DOHA/NEW DELHI: Federation of Indian Chambers of Commerce and Industry (FICCI), India’s oldest and largest apex trade and industry body is organising an...

Islamic finance needs global Shariah board: Official 17 May 2013 - 03:53 am

KUALA LUMPUR/SYDNEY: The Islamic Development Bank (IDB), a Jeddah-based multilateral institution, has called for the creation of a global Shariah advisory board that...