Business

Thai SkyTrain raises $2.1bn in mega IPO 06 Apr 2013 - 01:23 am

BANGKOK: The Thai operator of Bangkok’s SkyTrain system said yesterday that it had raised $2.1bn in one of the biggest initial public offerings...

Spring in air for German industry as orders rise 06 Apr 2013 - 01:23 am

FRANKFURT: German factory orders jumped in February, driven by buoyant domestic and export demand, suggesting that rising confidence in Europe’s biggest economy is...

Call for ban on ex-HBOS bosses 06 Apr 2013 - 01:23 am

LONDON: Bailed-out British lender HBOS was so badly run it would have failed even without the 2008 financial crisis and the regulator should...

Low demand from Japan pushes LNG prices down 06 Apr 2013 - 01:22 am

LONDON/PERTH: Asian prices of liquefied natural gas (LNG) fell to around $15 per million British thermal units (mmBtu) this week amid low demand...

New Greece law to boost investment 06 Apr 2013 - 01:22 am

ATHENS: The Greek parliament approved legislation late on Thursday to boost private investment, a key condition to get the crisis-struck country out of...

Family businesses get KPMG boost 06 Apr 2013 - 01:21 am

DOHA: KPMG has announced the launch of a global centre of excellence dedicated to family business. This initiative offers greater access to knowledge...

Milaha holds extraordinary AGM 06 Apr 2013 - 01:21 am

DOHA: Qatar Navigation (Milaha) QSC held its extraordinary General Assembly Meeting on April 3. A press statement said the meeting had only one...

EU clears Penguin, Random House publishing venture 06 Apr 2013 - 01:20 am

BRUSSELS: The European Commission cleared yesterday a venture between British publisher Pearson and Germany’s Bertelsmann to create a new publishing giant, Penguin Random...

Attiyah: Qatar a competitive LNG supplier 05 Apr 2013 - 05:25 am

Paris: The Chairman of the Administrative Control and Transparency Authority H E Abdullah bin Hamad Al Attiyah yesterday said Qatar is emerging as...

ECB to help languishing eurozone economy 05 Apr 2013 - 05:24 am

FRANKFURT: European Central Bank President Mario Draghi opened the door yesterday to an interest rate cut as soon as next month, saying his...

ECB to help languishing eurozone economy 05 Apr 2013 - 05:20 am

FRANKFURT: European Central Bank President Mario Draghi opened the door yesterday to an interest rate cut as soon as next month, saying his...

GOIC offers $62m Saudi investment opportunities 05 Apr 2013 - 05:20 am

Doha: The Doha-based Gulf Organisation for Industrial Consulting (GOIC) has offered five investment opportunities worth SR232.5m ($62m) in Saudi Arabia. These investments will...

Oman, UAE firms to help meet domestic cement needs 05 Apr 2013 - 05:20 am

DOHA: Cement production in the country is forecast to be inadequate to meet Qatar’s future demand, and is likely to result in supply...

Saudi sells stake in IILM 05 Apr 2013 - 05:18 am

KUALA LUMPUR/DUBAI: Saudi Arabia’s central bank has sold its shareholding in the International Islamic Liquidity Management Corp (IILM), an unexpected blow to a...

Airbus challenges Boeing for top place in orders 05 Apr 2013 - 05:18 am

PARIS: European planemaker Airbus looks set to challenge Boeing for top place in the order race in the first quarter after falling behind...

Region’s bourses end in a high note 05 Apr 2013 - 05:18 am

Doha/DUBAI: Qatar Exchange pursued its upswing trend yesterday, adding 8.23 points (or 0.10 percent) to advance to 8,576.86 points from 8,568.63 on Wednesday....

Cyprus bankers protest over pension fears 05 Apr 2013 - 05:16 am

NICOSIA: Bank workers in bailed out Cyprus staged a work stoppage yesterday over fears that pensions may be at risk, as more details...

US issues new oil rig safety rules 05 Apr 2013 - 05:11 am

WASHINGTON: The US Interior Department yesterday laid out its latest requirements to enhance safety for offshore oil and gas drillers, as the government...