Business

Total offers free accident insurance to drivers on purchasing ‘Quartz’ oil 07 Apr 2014 - 02:10 am

DOHA: As part of a sales promotion campaign, Total Marketing Middle East (TMME) company, a Dubai-based wholly owned subsidiary of integrated energy giant...

ECB plans asset buys to fight deflation 07 Apr 2014 - 02:09 am

ECB President Mario Draghi (centre) with Vice-President Vitor Constancio (left) during the monthly ECB news conference in Frankfurt. CERNOBBIO/FRANKFURT: The European Central Bank...

‘Dark Pool’ IEX eyes stock exchange status 07 Apr 2014 - 02:07 am

NEW YORK: The upstart stock trading venue featured in Michael Lewis’ book Flash Boys: A Wall Street Revolt, may apply to become a...

Opel to launch small electric car by 2017 07 Apr 2014 - 02:06 am

A worker cleans a wall at the Opel stand prior to the Essen Motor Show in Essen. BERLIN: General Motors’ European brand Opel...

Mexico central bank wary of slow growth 07 Apr 2014 - 02:03 am

Mexico’s Central Bank Governor Agustin Carstens. MEXICO CITY: Most of Mexico’s central bankers think that a spike in inflation has likely passed, while...

Barclays to sell UAE retail office 07 Apr 2014 - 01:57 am

DUBAI/ABU DHABI: Barclays has agreed to sell its retail banking operations in the United Arab Emirates to Abu Dhabi Islamic Bank (ADIB) for...

Egypt hits 8-week low, region mixed 07 Apr 2014 - 01:54 am

DUBAI: Abu Dhabi’s Aldar Properties hit a four-year high yesterday after it unveiled tentative plans to float a subsidiary, lifting the emirate’s bourse,...

Windows XP diehards to fend off hackers on their own 07 Apr 2014 - 01:52 am

SAN FRANCISCO: People clinging to Microsoft’s ageing Windows XP operating system will be left to fend off cyber criminals by themselves from tomorrow....

Real estate sector posts huge recovery 07 Apr 2014 - 01:49 am

DOHA: The real estate market witnessed an unprecedented recovery during the last week of March (from 23 to 27) with the combined value...

Emirates REIT expands IPO due to demand 07 Apr 2014 - 01:48 am

DUBAI: Dubai-based real estate investment trust Emirates REIT said it had expanded the size of its initial public offer of shares on NASDAQ...

Nigeria becomes Africa’s biggest economy 07 Apr 2014 - 01:48 am

ABUJA: Nigeria yesterday became Africa’s biggest economy, leap-frogging South Africa, after the government announced a long-overdue rebasing of the country’s gross domestic product....

Sports Direct owner buys 11pc in House of Fraser 07 Apr 2014 - 01:47 am

LONDON: The founder of Britain’s Sports Direct has bought an 11 percent stake in House of Fraser, a source close to the deal...

Dubai gold centre to tighten sourcing supervision 07 Apr 2014 - 01:47 am

DUBAI: Dubai’s gold trading centre said it would tighten supervision of how the metal is sourced after reports in the British media alleging...

Unaware of stake sale of Kuwait Food: Chief 07 Apr 2014 - 01:47 am

KUWAIT: Kuwait Food Co (Americana) is not aware of any potential stake sale by its majority shareholder, its chairman said yesterday. Sources said...

Will honour gas deals with Germany, says Gazprom 07 Apr 2014 - 01:46 am

BERLIN: Gazprom will honour its deals to supply gas to Germany, a newspaper reported a senior executive of the Russian exporter as saying,...

Global economic recovery may be an illusion: Experts 07 Apr 2014 - 01:46 am

London: The global economy seemed to be on the mend when the International Monetary Fund met for its spring meeting in Washington 10...

Mexico hopes to hold onto $72bn IMF credit line 07 Apr 2014 - 01:46 am

ACAPULCO: Mexico hopes to hold onto a flexible credit line with the International Monetary Fund worth around $72bn in order to help protect...