Business

Solid regional partnerships key to petrochemical industry growth 12 May 2014 - 01:32 am

Doha: Strong regional multi-stakeholder partnerships will be the key for a dynamic, flexible and growth-driven petrochemicals industry, said industry experts at the sixth...

Tribunal upholds action of QFC Regulatory Authority 12 May 2014 - 01:31 am

Doha: Disciplinary action taken by the QFC Regulatory Authority to fine Karim Paul Noujaim $20,000 and prohibit him from being employed by any...

Portuguese economy gets double ratings boost 12 May 2014 - 01:30 am

LONDON: British Prime Minister David Cameron said yesterday he had made very good progress in securing guarantees from Pfizer over the US drugmaker’s...

IMF hopes Kiev will honour its commitments 12 May 2014 - 01:17 am

RABAT: International Monetary Fund Chief Christine Lagarde said that she “strongly hoped” Ukraine would honour commitments linked to a $17bn aid package agreed...

Portuguese economy gets double ratings boost 12 May 2014 - 01:17 am

LISBON: The Portuguese economy received a double boost last week as ratings agency Moody’s raised its debt rating one notch to Ba2, hours...

Yemen inflation slips to lowest since Dec 2012 12 May 2014 - 01:16 am

DUBAI: Yemen’s annual inflation rate eased to 6.7 percent in February, its lowest level since December 2012, mainly due to reduced pressure from...

South Korea’s imported car sales up 25.5pc 12 May 2014 - 01:16 am

Seoul: Imported car sales in South Korea jumped 25.5 percent on-year in April, helped by better supply and promotional programmes. A total of...

BoE faces guidance challenge as recovery picks up 12 May 2014 - 01:16 am

LONDON: Bank of England Governor Mark Carney this week faces the growing challenge of explaining why the central bank is signalling it is...

Kuwait signs $12bn LNG deal with Shell 12 May 2014 - 01:15 am

KUWAIT: Kuwait’s state oil group said it signed a six-year liquefied natural gas (LNG) supply deal with Royal Dutch Shell yesterday, worth an...

Australia to invest $77bn in road infrastructure 12 May 2014 - 01:15 am

PERTH: The Australian government will co-fund an A$82bn ($77bn) road infrastructure plan to help stimulate investment and create jobs as the impact of...

Omani power firms set to double profits after initial share offerings 12 May 2014 - 01:15 am

DUBAI: Oman’s Al Batinah Power Co and Al Suwadi Power Co, which launched twin initial public share offers yesterday and are owned by...

Weekly Money Market Review with IBQ: Dollar rallies on possible ECB June stimulus 12 May 2014 - 01:02 am

Initially, the US dollar traded lower against most of the major currencies despite stronger Non-Farm Payroll readings the previous week amid Fed Chair...

Weekly Commodity Update: Commodities stuck in neutral zone as Putin blinks, coffee sinks 12 May 2014 - 01:00 am

By John J Hardy (Head of FX Strategy, Saxo Bank) Commodities were broadly unchanged on the week, with the Dow Jones-UBS Commodity Index...

QFMA eyes Qatar as hub for foreign funds 11 May 2014 - 02:03 am

Doha: H E Sheikh Abdullah bin Saoud Al Thani (pictured), Chairman of the Board of Directors of the Qatar Financial Markets Authority (QFMA),...

Regency Travel and Tours gets award 11 May 2014 - 02:02 am

The Regency Travel and Tours team at World Travel Awards 2014. Dubai: Regency Travel and Tours retained the coveted titles for the eighth...

Probe into Goldman hiring 11 May 2014 - 02:00 am

The headquarters of investment banking and securities firm Goldman Sachs in lower Manhattan, in New York. Goldman Sachs said that regulators have initiated...

Apple sings a different tune with Beats deal 11 May 2014 - 01:59 am

Beats headphones are sold along side iPods at an Apple store in New York City. SAN FRANCISCO: Apple Inc’s plan to pay $3.2bn...

Obama at Wal-Mart 11 May 2014 - 01:58 am

US President Barack Obama speaks about energy during a visit to a Wal-Mart store in Mountain View, California. Wal-Mart will double by 2020...