Business

UK shakes up Bank of England’s top deck 19 Mar 2014 - 11:27 am

Nemat Shafik (left) and Ben Broadbent. LONDON: Britain shook up the upper echelons of the Bank of England yesterday, naming two new deputy...

Carbon tax to hit Hyundai sales 19 Mar 2014 - 11:26 am

South Korean Hyundai Motor Group’s cars are seen on a truck at the company’s shipping yard at a port in Pyeongtaek. Hyundai fears...

Emaar plans Dubai, London listing for unit 19 Mar 2014 - 11:24 am

DUBAI: Dubai’s Emaar Properties plans to list its shopping malls and retail unit in both Dubai and London, the company’s chairman Mohamed Alabbar...

Lukoil hopeful of gas deal in Empty Quarter 19 Mar 2014 - 11:23 am

KHOBAR/MOSCOW: Russia’s Lukoil is negotiating a deal with the world’s top oil exporter Saudi Arabia to tap unconventional gas deposits in the kingdom’s...

Troika reaches Greek debt deal 19 Mar 2014 - 11:22 am

BRUSSELS: Greece’s international creditors have reached an agreement with Athens on efforts to stabilise the crisis-hit country’s public finances, clearing the way for...

Training on communication at Bedaya 19 Mar 2014 - 11:21 am

Doha: Bedaya Centre for Entrepreneurship will host an exclusive two-day training for entrepreneurs and business professionals on May 25 and 26. This announcement...

Vodafone Qatar, Advanced Tech sign agreement 19 Mar 2014 - 11:21 am

DOHA: Vodafone Qatar and IT service provider Advanced Technologies and Solutions have signed a partnership agreement to deliver vehicle tracking solutions and software...

Qatar Exchange index adds 17.11 points 19 Mar 2014 - 11:20 am

Doha: Qatar Exchange pursued its upswing trend yesterday adding 17.11 points, or 0.15 percent, to advance to 11,418.76 points from 11,401.65 on Sunday....

Indian shares hit new peak on foreign buying 19 Mar 2014 - 11:19 am

MUMBAI: India’s benchmark stock index raced to a record high yesterday as foreign investors bought shares on hopes that a new pro-business government...

Russia’s Rosneft considers $66bn rouble bond offer 19 Mar 2014 - 11:18 am

MOSCOW: Russia’s biggest oil company Rosneft is considering offering 2.4 trillion rubles ($66bn) in ruble-denominated bonds to finance its colossal debt in possible...

Ukraine issue hits Russian privatisation plans 19 Mar 2014 - 11:18 am

MOSCOW: Russia said its long-delayed privatisation programme could be postponed again, the latest victim of a deepening economic crisis over Ukraine that has...

Cairn Energy tax row puts India buy-back plan of shares on hold 19 Mar 2014 - 11:17 am

LONDON: London-listed oil and gas explorer Cairn Energy has called a halt to a $300m share buy-back programme until a review of its...

Oriental Weavers ups dividend, profit rises 19 Mar 2014 - 11:16 am

CAIRO: Egypt’s Oriental Weavers, the world’s biggest machine-woven carpet maker, said yesterday it would pay a dividend of 2 Egyptian pounds ($0.29) a...

FDI in China rises 10.4pc in Jan-Feb 19 Mar 2014 - 11:16 am

BEIJING: Foreign direct investment (FDI) into China increased 10.4 percent year on year in the first two months of 2014, the government said...

Moody’s slashes Argentina rating as inflation stays high 19 Mar 2014 - 11:16 am

WASHINGTON: Moody’s lowered its credit rating for Argentina by one step, citing a sharp fall in the country’s reserves and inconsistent economic policies....

Qatar ranked GCC’s top financial centre 18 Mar 2014 - 08:11 am

DOHA: Qatar has been ranked as the top financial centre in the GCC. The Global Financial Centres Index (GFCI 15) covering 83 financial...

Vodafone buys Ono for $10bn 18 Mar 2014 - 08:10 am

A shop assistant at an Ono shop in the Andalusian capital of Seville. LONDON: Vodafone agreed yesterday to buy Spanish cable firm Ono...

Twitter CEO in China ‘to learn more’ on tech landscape 18 Mar 2014 - 08:08 am

WASHINGTON: Twitter Chief Executive Dick Costolo (pictured)is visiting China, the biggest market where the popular messaging service is banned, the company said yesterday....