Business

Libyan crude output falls to 390,000bpd 17 Feb 2014 - 12:13 am

TRIPOLI: Libya’s oil production has fallen to 390,000 barrels per day, some 70,000bpd less than last week, as protests have partly blocked flows...

Saudi’s non-oil sector to drive growth: QNB 17 Feb 2014 - 12:13 am

Doha: The non-oil private sector is expected to be the key driver of growth in 2014 in Saudi Arabia, boosted by large public...

Du agrees terms on $720m five-year loan 17 Feb 2014 - 12:12 am

DUBAI: UAE telecom firm du has agreed terms on a $720m loan which will be used to replace two existing debt facilities and...

Luxembourg to pass sukuk bill by April 17 Feb 2014 - 12:12 am

LUXEMBOURG: Luxembourg’s parliament could pass a bill as soon as two months from now to facilitate its first issue of sovereign sukuk, though...

ADX for unifying back offices of UAE bourses 17 Feb 2014 - 12:11 am

ABU DHABI: Stock markets in the United Arab Emirates should unify their back office operations and processes for settlement and regulation, the chief...

Dubai’s Deyaar seeks foreign investments 17 Feb 2014 - 12:11 am

DUBAI: Dubai property developer Deyaar said yesterday that it planned to allow foreigners to begin investing in its shares and hold up to...

Iran plans carbon emissions trading market 17 Feb 2014 - 12:11 am

DUBAI: Iran plans to set up a carbon trading market to reduce industrial emissions of climate-warming gas, an official from Iran’s Fuel Conservation...

Weekly Commodity Update: Precious metals lead broad commodity strength this week 17 Feb 2014 - 12:09 am

By Ole Hansen (Head of Commodity Strategy, Saxo Bank) On a broad basis, commodities were strong this week, particularly in the precious metals...

Rakuten buys chat app Viber for $900m 16 Feb 2014 - 07:29 am

Viber’s Founder and CEO Talmon Marco at the Mobile World Congress in Barcelona. TOKYO: Japanese e-commerce giant Rakuten Inc, controlled by billionaire Hiroshi...

Ezdan honours best employees 16 Feb 2014 - 07:28 am

An employee receiving the award during the ceremony. DOHA: Ezdan Holding group recently honoured about 50 of its outstanding employees during an annual...

Malabar Gold’s showroom relocated 16 Feb 2014 - 07:26 am

Kannada Actress Thara receiving the first sale from Power Star Puneeth Rajkumar at the inauguration of Malabar Gold and Diamonds’ newly relocated showroom...

Trader Joe’s for expansion 16 Feb 2014 - 07:24 am

Shoppers look over the offerings at the new Trader Joe’s store in Boulder, Colorado. Trader Joe’s opened in Colorado for the first time...

China’s consumer prices rise 16 Feb 2014 - 07:23 am

A trailer carrying cars travels past vans parked at a port in Dalian, Liaoning province, yesterday. China’s consumer prices rose 2.5 percent in...

ThyssenKrupp posts impressive profit 16 Feb 2014 - 07:22 am

A plant and blast furnace of ThyssenKrupp Steel Europe AG in Duisburg. The German industrial posted a better than expected quarterly operating profit,...

QIC enters Lloyd’s market with Antares’ buy 16 Feb 2014 - 07:20 am

DOHA: Qatar Insurance Company (QIC) has reached an agreement to acquire the entire share capital of Antares Holdings Limited, together with its subsidiaries...

QIA fund not restricted to any specific country: CEO 16 Feb 2014 - 07:20 am

DOHA: Qatar Investment Authority’s (QIA) global fund is open to partnerships across the world and not limited or restricted to a specific area...

VW workers reject UAW union plan 16 Feb 2014 - 07:20 am

CHATTANOOGA: The United Auto Workers union suffered a major defeat on Friday when workers at German auto giant Volkswagen’s Tennessee plant rejected its...

Qatargas carries out first ship-to-ship LNG transfer 16 Feb 2014 - 07:19 am

DOHA: Qatargas chartered LNG ships recently carried out the first ship-to-ship (STS) transfer operation of LNG between two Q-Flex type ships following an...