Business

Orascom bid fails to buoy Cairo bourse 02 Apr 2013 - 06:15 am

Traders work at the Egyptian Exchange in Cairo, yesterday. DUBAI: A buyout offer for Orascom Telecom, Egypt’s second-largest listed company, failed to buoy...

Qatari bourse gains 49.14 points in March 02 Apr 2013 - 06:15 am

DOHA: Qatar Exchange (QE) Index gained 49.14 points or 0.58 percent during March 2013 compared to the previous month to close at 8,577.72...

17 firms suspended in Kuwait 02 Apr 2013 - 06:14 am

KUWAIT CITY: The Kuwait Stock Exchange yesterday suspended trading in the shares of 17 listed firms for failing to report their annual financial...

Tunisia expects $1.7bn IMF deal in May 02 Apr 2013 - 06:14 am

TUNIS: Tunisia expects to sign a $1.7bn loan deal with the International Monetary Fund next month after a delay due to the crisis...

China factories rise; US manufacturing slows 02 Apr 2013 - 06:14 am

NEW YORK/BEIJING: Strong demand at home boosted activity at Chinese factories last month, but US manufacturing hit an unexpected speed bump after expanding...

Emirates, Qantas seek more tie-ups 02 Apr 2013 - 06:13 am

Emirates aircraft taxi at the Dubai International Airport yesterday. DUBAI: Dubai’s flagship carrier Emirates and Australia’s Qantas Airways Ltd will look to extend...

Bahrain’s growth slows as energy output stalls 02 Apr 2013 - 06:11 am

DUBAI: Bahrain’s economic growth slowed sharply in the final quarter of 2012 as growth in hydrocarbon output stalled and two years of social...

Profits surge at Dubai ruler’s flagship firm 02 Apr 2013 - 06:11 am

DUBAI: The flagship company in the ruler of Dubai’s personal business empire increased profits sixfold in 2012, benefiting from cost cuts and a...

Egypt lifts gas price ahead of IMF visit 02 Apr 2013 - 06:11 am

CAIRO: Egypt raised the price of state-subsidised cooking gas for the first time in two decades yesterday, a government official said, trimming an...

Cyprus leader says nobody immune to inquiry 02 Apr 2013 - 06:09 am

NICOSIA: The Cypriot president pledged yesterday that not even his own family will be immune from a commission of inquiry into allegations of...

Qatari businessmen keen to invest in Afghanistan 01 Apr 2013 - 06:45 am

QBA Chairman Sheikh Faisal bin Qassim Al Thani (second left) shaking hands with Afghan President Hamid Karzai in Doha. QBA Second Deputy Chairman...

Ooredoo to launch ultrafast 4G LTE network in two weeks 01 Apr 2013 - 06:43 am

Ooredoo Chairman Sheikh Abdullah bin Mohammed bin Saud Al Thani (centre), Deputy Chairman Ali Shareef Al Emadi (right) and CEO Dr Nasser Marafih...

Qatar’s pharmaceutical market to remain import-dependent 01 Apr 2013 - 06:41 am

DOHA: Qatar’s pharmaceutical market is likely to remain highly import-dependent, providing significant opportunities for multinational branded drug makers through the trade route. Despite...

Milaha to give dividend from Apr 7 01 Apr 2013 - 06:39 am

Sheikh Ali bin Jassim bin Mohammad Al Thani, Chairman and Managing Director of Milaha, at the Annual General Meeting at the W Hotel...

UK gas stocks swell on supplies from Qatar 01 Apr 2013 - 06:38 am

DUBAI: UK stocks of liquefied natural gas have swollen over the last week, data from National Grid shows, after three big Qatari deliveries...

Emerging markets dumping euro reserves, says report 01 Apr 2013 - 06:38 am

London: The euro’s challenge to the international status of the US dollar has been set back a generation as new data show developing...

Ukraine’s gas buys from Europe fraudulent, says Gazprom 01 Apr 2013 - 06:37 am

MOSCOW: Ukraine is using a “fraudulent scheme” to carry out reverse shipments of Russian gas from the European market, Gazprom CEO Alexei Miller...

Qatar Exchange down a tad; Egypt falls to 16-week low 01 Apr 2013 - 06:31 am

Doha/dubai: Qatar Exchange was down 8.54 points or 0.10 percent to 8,577.72 points yesterday from the previous closing of 8,586.26 points. Among the...