Business

Airbag glitch forces Japan carmakers to recall 3.4m vehicles 12 Apr 2013 - 04:54 am

TOKYO: Nearly 3.4 million Japanese-brand vehicles are being called back worldwide because of airbag problems, the companies announced yesterday, in the latest safety...

Mubadala swings back into profit 12 Apr 2013 - 04:53 am

ABU DHABI: Mubadala, the Abu Dhabi investment fund with a mandate to boost the emirate’s local economy, swung to a net profit in...

Top forecasters cut oil demand growth 12 Apr 2013 - 04:53 am

LONDON: The world’s top oil forecasters this week all cut their 2013 oil demand forecasts due to subdued economic growth, with the figures...

Dubai’s DME drops fuel oil plans to focus on crude 12 Apr 2013 - 04:53 am

DUBAI: The Dubai Mercantile Exchange has dropped plans to offer fuel oil trading to focus on increasing volumes of its Oman crude oil...

GM to invest $5.2bn in Opel 11 Apr 2013 - 01:21 am

Karl Thomas Neumann, Chief Executive of Adam Opel AG and President of General Motors Europe, giving a speech at the Adam Opel AG...

Qatar bourse earnings remained flat last year 11 Apr 2013 - 01:21 am

DOHA: Qatar Exchange’s (QE) earnings remained relatively flat in 2012, falling 0.3 percent year-on-year. The real estate sector earnings declined 56 percent and...

Qatar investment forum in Berlin from Monday 11 Apr 2013 - 01:21 am

DOHA: The two-day “Business and Investment in Qatar Forum” is set to open in Berlin, Germany on Monday. Organised by Qatar’s Ministry of...

Opec trims oil demand growth forecast 11 Apr 2013 - 01:20 am

LONDON: Opec yesterday trimmed its forecast for global growth in oil demand in 2013, becoming the second of the world’s closely watched oil...

Oil eases below $106 on US stockpile 11 Apr 2013 - 01:19 am

LONDON: Oil eased below $106 a barrel yesterday after U S crude oil stocks swelled to the highest level in more than two...

Saudi solar field 10 Apr 2013 - 10:50 pm

A Saudi man walks on a street past a field of solar panels at the King Abdulaziz City of Sciences and Technology, Al...

Turkey open to energy ties with Israel 10 Apr 2013 - 10:49 pm

ANKARA: A tentative rapprochement between Turkey and Israel could eventually pave the way for joint energy projects but it is still too early...

QFBC holds networking event 10 Apr 2013 - 10:49 pm

DOHA: The Qatari-French Business Club (QFBC) yesterday held its monthly networking event with an objective to make use of the French expertise in...

New Turkish regulations to allow wider use of Islamic bonds 10 Apr 2013 - 10:47 pm

ISTANBUL: Turkey is working on new regulations to allow wider use of Islamic bonds, a closely watched move which could see sukuk issues...

Germany voices support for EU-India free trade deal 10 Apr 2013 - 10:35 pm

BERLIN: Germany and India both voiced hope yesterday that the South Asian power can soon strike a free trade deal with the European...

India car sales shrink first time in decade 10 Apr 2013 - 10:34 pm

Potential customers look at Tata cars at a showroom in New Delhi yesterday. NEW DELHI: India’s once red-hot car market shrank for the...

Spain, Slovenia pose biggest risk, warns EU 10 Apr 2013 - 10:34 pm

BRUSSELS: The European Commission warned yesterday that Spain and Slovenia pose the biggest economic risks and must quickly tackle excessive imbalances while France’s...

Kuwait weighs plan to extract shale gas 10 Apr 2013 - 10:33 pm

KUWAIT: Kuwait is investigating a plan to extract shale gas from its northern fields, a Kuwaiti oil sector official said yesterday, estimating that...

Greece-IMF talks 10 Apr 2013 - 10:30 pm

International Monetary Fund’s Deputy Director and Mission Chief to Greece Poul Thomsen (centre) arrives for a meeting at the finance ministry in Athens...