Business

Egyptian pound slips on the black market 01 Apr 2013 - 06:31 am

CAIRO: The Egyptian pound has fallen sharply against the dollar on the black market in the last few days, market participants said yesterday,...

Dana Gas collects $73.7m from Egypt and Kurdistan 01 Apr 2013 - 06:30 am

DUBAI: Dana Gas has collected a total of $73.7m in receivables from its operations in Egypt and the Kurdistan region of Iraq in...

Qatargas delivers first cargo of LNG to Singapore 01 Apr 2013 - 06:28 am

The Q-Max LNG carrier ‘Umm Slal’. Doha: Qatargas has delivered its first ever cargo of liquefied natural gas (LNG) to Singapore. The cargo...

Green-tinted SUVs at Seoul Motor Show 01 Apr 2013 - 06:25 am

Almuftah Group Managing Director Ibrahim Almuftah and Alkhorayef Group Commercial Manager Mohamed Alkhorayef exchanging documents recently. GOYANG, South Korea: Gas-guzzling SUVs, eco-friendly electric...

All eyes on ECB to calm markets after Cyprus bailout 01 Apr 2013 - 06:24 am

FRANKFURT: The European Central Bank will hold off from cutting rates or announcing any other policy moves at its meeting next week so...

India’s car market tanks despite huge discounts 01 Apr 2013 - 06:22 am

NEW DELHI: Indian car buyers are being bombarded with “buy now, pay later” offers after once-booming sales skidded to a 12-year low, highlighting...

Weakly Money Market Review with IBQ: Cyprus contagion fears loom over European markets 01 Apr 2013 - 06:14 am

The Euro fell against its American counterpart, as Investors feared the deal in Cyprus, which caused big losses for depositors above EUR 100,000...

Qatar’s real GDP grows over six percent: QSA report 31 Mar 2013 - 01:15 am

DOHA: Qatar’s real gross domestic product (GDP) in October-December 2012 rose 6.2 percent from a year earlier, growing 6.6 percent from the previous...

Bank depositors in Cyprus to lose 60pc savings 31 Mar 2013 - 01:14 am

Cyclists gather at Eleftheria square in front of a branch of the Bank of Cyprus in Nicosia yesterday. NICOSIA: Major depositors in Cyprus’s...

Mobile shines in exploding world of games 31 Mar 2013 - 01:13 am

SAN FRANCISCO: The booming popularity of play on smartphones or tablet computers in a realm once dominated by videogame consoles was a hot...

Qatar’s QR13.4bn worth projects win Meed Quality Awards 31 Mar 2013 - 01:13 am

DOHA: The 2013 Meed Quality Awards for Projects, in association with Ernst & Young, have announced Qatar ‘National Winners’ of the GCC-wide awards...

UK strengthens economic ties with GCC 31 Mar 2013 - 01:12 am

Doha: The UK economy is still struggling to recover from the effects of the global economic crisis in 2008-09. Nonetheless, its importance as...

Hainan Rendezvous 31 Mar 2013 - 01:11 am

Attendants wait for potential clients at the Rolls Royce stand at Hainan Rendezvous, a trade show targeting China’s super rich in Sanya, Hainan...

Dell sees buyout proposals risky 31 Mar 2013 - 01:11 am

NEW YORK: Dell Inc warned that it would be dangerous to take on a lot of debt and remain a public company given...

Gas from Israel’s Tamar field starts flowing 31 Mar 2013 - 01:11 am

JERUSALEM: Natural gas from the Tamar field off Israel’s Mediterranean shores began flowing yesterday, the head of a partner in the field said...

War clouds over industry 31 Mar 2013 - 01:10 am

North Korean workers producing clothes in a South Korean textile factory in the North Korean industrial complex Kaesong. Amid heightened tensions between North...

Argentina presents conditions for repayment of debts 31 Mar 2013 - 01:10 am

NEW YORK: Argentina offered to repay its debt to two New York hedge funds with cash and new bonds on conditions similar to...

Public spending to push UAE economy up 31 Mar 2013 - 01:10 am

Abu Dhabi: High public spending due to strong oil prices will ally with the UAE’s position as a safe haven for investments to...