Business

Hilal Bank for capital hike to fuel growth 01 Apr 2014 - 12:18 am

ABU DHABI: Abu Dhabi government-owned Al Hilal Bank is considering a capital increase this year to support growth of its operations, its chief...

‘GM approved switches below specifications’ 01 Apr 2014 - 12:18 am

WASHINGTON/DETROIT: General Motors Co approved ignition switches for cars that have been linked to 13 deaths, even though the parts did not appear...

ALUNOOR exports first shipment of aluminium profiles 01 Apr 2014 - 12:18 am

DOHA: Abdulnoor Aluminium Extrusion Factory ‪(ALUNOOR), a newly established company specialised in fabricating aluminium profiles, announced the export of its first shipment of...

KIPCO to start IPO process for pay-TV unit 01 Apr 2014 - 12:17 am

KUWAIT: Kuwait Projects Co (KIPCO), the Gulf state’s largest listed investment company, plans to start the process for an initial public offering (IPO)...

Greece adopts tough bill tied to loans 01 Apr 2014 - 12:17 am

ATHENS: Greece’s parliament late on Sunday narrowly approved an omnibus bill of reforms tied to the country’s next tranche of EU-IMF loans, the...

Burgan Bank to raise capital this year: CEO 01 Apr 2014 - 12:17 am

KUWAIT: Kuwait’s Burgan Bank wants to raise more capital this year to comply with the Basel III banking industry regulations while any acquisitions...

Surprise fall in Japan factory output 01 Apr 2014 - 12:16 am

TOKYO: Japanese factory output contracted in February, data showed yesterday, a surprise decline that highlighted the uneven economic recovery in the world’s number...

Sharp eurozone inflation fall heaps pressure on ECB 31 Mar 2014 - 11:58 pm

BRUSSELS: Eurozone inflation fell to 0.5 percent in March, official data showed yesterday, the lowest rate since the financial crisis, stoking fears the...

Turkish economy up 4pc last year, despite turmoil 31 Mar 2014 - 11:56 pm

ISTANBUL: The Turkish economy grew by 4 percent last year, official data showed yesterday, after an unexpectedly firm fourth quarter, but analysts warned...

No inflationary pressure in budget, say experts 31 Mar 2014 - 01:23 am

BY MOHAMMAD SHOEB DOHA: A significant 16.8 percent increase in the budgetary allocation dedicated to the implementation of key development projects for the...

Budget to give push to infrastructure, construction 31 Mar 2014 - 01:22 am

Doha: The increase in the allocation of funds in the budget will give a huge push to the infrastructure and construction sector, say...

Opec head to address meet next week 31 Mar 2014 - 12:59 am

Doha: The Organisation of Petroleum Exporting Countries (Opec) Secretary General Abdalla Salem El Badri will deliver The 2014 Abdullah Bin Hamad Al Attiyah...

Ooredoo to unveil ‘surprise’ plans soon 31 Mar 2014 - 12:46 am

Ooredoo Chairman Sheikh Abdullah bin Mohammed bin Saud Al Thani (right) and Minister of Finance H E Ali Sherif Al Emadi (centre), who...

Lulu opens 110th hypermarket 31 Mar 2014 - 12:42 am

Sheikh Salem Abdulrahman Al Qassimi, Director General of Rulers Court and Member of Sharjah Ruling Family with Sheikh Mohamed Bin Abdulla Al Qassimi...

West Qurna-2 to lift Iraq’s oil output 31 Mar 2014 - 12:41 am

A worker at the West Qurna oilfield in Iraq’s southern province of Basra. Production from giant West Qurna-2 oilfield will lift national output...

Rally against capitalism 31 Mar 2014 - 12:39 am

An anti-Troika protester, wearing a Guy Fawkes mask, takes part in a rally against capitalism outside the construction site for the new headquarters...

GM recall under congressional lens 31 Mar 2014 - 12:38 am

Consulting materials engineer Mark Hood inspects a 2005 ignition switch at McSwain Engineering in Florida. The firm helped to conduct investigations and failure...

Ford to spend $500m for new engine plant 31 Mar 2014 - 12:37 am

Ford assembly line employees work on 3500 Duramax engine at the Ford Lima Engine Plant in Lima, Ohio. Ford Motor Co will spend...