Business

Gold down ahead of Fed’s policy meeting 22 May 2014 - 08:51 am

LONDON: Gold edged down yesterday, failing to capitalise on a flat dollar and mixed equities, while investors remained cautious ahead of minutes of...

Woodside pulls out of Leviathan gas project 22 May 2014 - 08:51 am

MELBOURNE: Australia’s Woodside Petroleum pulled out of an agreement to take a stake worth up to $2.7bn in Israel’s flagship Leviathan gas project...

Kuwait warns deficit ‘inevitable’ 22 May 2014 - 08:50 am

KUWAIT CITY: Kuwait’s finance minister warned yesterday that the oil-rich Gulf state will face a certain budget deficit because growth in spending has...

Sisi aims to bring Egypt deficit down to 8.5 percent 22 May 2014 - 08:50 am

CAIRO: The leading candidate for Egypt’s new presidency, Abdel Fattah Al Sisi, aims to cut the Egyptian budget deficit to 8.5 percent of...

Venezuela in selective default: Experts 22 May 2014 - 08:49 am

CARACAS: Venezuela has selectively defaulted on its domestic commercial debt, suspending payments to a wide gamut of creditors owed more than $14bn, economists...

Qatari bourse index loses 54.62 points 22 May 2014 - 08:48 am

Doha: The Qatar Exchange index lost 54.62 points, or 0.43 percent, to close at 12,679.53 points yesterday from the previous closing of 12,734.15...

CGC wins traffic surveillance deal in India 22 May 2014 - 08:48 am

Doha: Consolidated Gulf Company (CGC has won a multi-million riyal contract in India to provide traffic surveillance solutions. CGC’s fully owned subsidiary in...

Q-Coat to hold seminar on Monday 22 May 2014 - 08:47 am

Doha: Qatar Metals Coating Company (Q-Coat) will hold a technical seminar on solutions to concrete reinforcement corrosion in the Arabian Gulf. The event...

Vectura revenue jumps on royalty push 22 May 2014 - 08:46 am

London: Drug developer Vectura Group Plc reported a 20 percent rise in full-year revenue, ahead of analysts’ expectations, helped by higher royalty payments...

China, Russia sign $400bn gas supply deal 22 May 2014 - 05:29 am

Gazprom CEO Alexei Miller (centre), President of China National Petroleum Corporation (CNPC) and Chairman and President of PetroChina Zhou Jiping (right) exchange documents...

Berlin Air Show opens 21 May 2014 - 12:25 am

German Chancellor Angela Merkel and Turkey’s Transport, Maritime Affairs and Communications Minister Lutfi Elvan (second right) hold scissors after cutting the ribbon in...

US to strengthen trade ties with Qatar 21 May 2014 - 12:24 am

Charles H Rivkin with other officials during the meeting. Doha: United States is committed to further strengthening bilateral commercial relationship with Qatar, said...

Credit Suisse CEO not to step down 21 May 2014 - 12:23 am

A traffic light in front of an office building of Swiss bank Credit Suisse in Zurich yesterday. Credit Suisse Chief Executive Brady Dougan...

China could miss trade target 21 May 2014 - 12:18 am

An employee keeps a record after counting banknotes and coins received as tickets fee at a bus company in Haikou, Hainan province. China...

Ukraine steel industry solidarity 21 May 2014 - 12:17 am

Employees of the Azovstal Iron and Steel Works hold a rally to protest against actions of armed separatists in Mariupol, eastern Ukraine, yesterday....

Vodafone sees 2015 earnings hit by network investment 21 May 2014 - 12:16 am

An exterior view of Vodafone’s Germany headquarters in Duesseldorf, Germany, yesterday. Vodafone Germany presented the telecommunicaton company’s business figures and sketched out the...

Sriracha’s smelly woes 21 May 2014 - 12:15 am

Sriracha hot chilli sauce is made at the Huy Fong Foods factory in Irwindale, California, yesterday. The maker of the popular Sriracha hot...

GM recalls another 2.42m vehicles in US 21 May 2014 - 12:15 am

DETROIT: General Motors Co said yesterday it is recalling another 2.42 million vehicles in the United States, raising the number of vehicles it...