Business

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...

MAF eyes $500m from hybrid bond 27 May 2013 - 01:05 am

DUBAI: Mall developer Majid Al Futtaim Holding (MAF) is looking to raise at least $500m from the issue of a hybrid debt sale...

Ghosn in Monaco 27 May 2013 - 01:03 am

Renault-Nissan alliance Chairman and CEO Carlos Ghosn poses at the Monaco harbour yesterday.

Qatar bourse index climbs 0.42 percent 27 May 2013 - 01:03 am

Doha/dubai: Qatar Exch-ange ended in the green yesterday adding 38.28 points (or 0.42 percent) to advance to 9,086.90 points from 9,048.62 on Thursday....

Turkey fears being left out in the cold by EU free trade pacts 27 May 2013 - 01:02 am

ANKARA: Frustrated with the slow progress of its bid to join the EU, the rash of free trade pacts Brussels is negotiating that...

Arab Bank eyes double digit profit this year 27 May 2013 - 01:02 am

DEAD SEA, Jordan: Arab Bank, the country’s largest lender, said it expects double digit profitability in 2013 as much lower provisions and steady...

China, EU in bid to defuse row over solar panels 27 May 2013 - 01:02 am

BEIJING: China will hold informal talks with the European Commission today to try to defuse a trade row over solar panels and wireless...

Arabtec wins $197m contract in Jordan 27 May 2013 - 01:02 am

DUBAI: Arabtec, the contractor part-owned by Abu Dhabi state fund Aabar, has won a $197m contract to build a hotel and residential project...

Iraq oil exports at 2.6m b/d average in May 27 May 2013 - 01:01 am

BAGHDAD: Iraq oil exports averaged 2.6 million barrels per day (b/d) in May, affected by attacks on a northern Kirkuk pipeline while production...

Storm over control of US newspaper group 27 May 2013 - 01:01 am

WASHINGTON: With a sale likely of a prominent group of US newspapers, the interest of a potential buyer tied to right-wing causes has...