Business

Private sector hiring up last month in US 09 Jan 2014 - 04:29 am

A job-seeker completes an application at a career fair held by civil rights organisation National Urban League as part of its annual conference,...

Jobless rate in eurozone at record level 08 Jan 2014 - 10:39 pm

BRUSSELS: Eurozone unemployment continued near record highs in November at 12.1 percent but there were signs the bad times may be easing as...

Lebanon delays gas tender yet again 08 Jan 2014 - 10:39 pm

BEIRUT: Lebanon delayed until April its first offshore gas licensing round for a third time yesterday after politicians repeatedly failed to form a...

Romania cuts rate amid weak demand 08 Jan 2014 - 10:38 pm

BUCHAREST: Romania cut its main interest rate to a record low of 3.75 percent yesterday, to boost demand and against a background of...

Aramco to restrict diesel imports 08 Jan 2014 - 10:37 pm

SINGAPORE: State oil giant Saudi Aramco will skip diesel term imports on a delivered basis, removing a huge chunk of demand from the...

Hollandi Bank’s Q4 profit misses expectations 08 Jan 2014 - 10:37 pm

DUBAI: Saudi Hollandi Bank, Saudi Arabia’s oldest lender, missed analyst expectations despite posting a 10.8 percent rise in fourth-quarter net profit. The lender,...

Sterling set for solid gains on euro, seen weaker vs dollar 08 Jan 2014 - 10:37 pm

LONDON: Sterling will make solid gains on the euro this year as Britain’s economic recovery forges ahead while a weak outlook for the...

Turkish lira likely to stabilise in coming months 08 Jan 2014 - 10:36 pm

ISTANBUL: The Turkish lira is likely to stabilise against the dollar in coming months despite pressure on it due to capital flows out...

UK car sales rise to highest level since 2007 08 Jan 2014 - 07:17 am

A factory worker on the production line of Mini cars at the BMW’s plant at Cowley in Oxford, central England. LONDON: British new...

French unionists hold Goodyear executives for 24 hours 08 Jan 2014 - 07:15 am

Employees of the Goodyear tyre factory of Amiens leave the plant with documents yesterday. PARIS: French trade unionists released two executives yesterday after...

Premier’s business address 08 Jan 2014 - 07:14 am

Japanese Prime Minister Shinzo Abe (left) delivers a speech before business leaders and the heads of Japan’s three economic organisations, Chairman of the...

Qatar dominates Volkswagen’s Mideast sales 08 Jan 2014 - 07:08 am

DOHA: Qatar has topped the Volkswagen’s sales story in the Middle East with a record 58 percent growth in 2013 year-on-year, while the...

USB-powered iris scan 08 Jan 2014 - 07:07 am

Tony Antolino, Chief Marketing Officer for EyeLock, demonstrates the Myris, a USB-powered iris scan, during Pepcom’s “Digital Experience” in Las Vegas, yesterday.

Audi at CES 08 Jan 2014 - 07:05 am

Ulrich Hackenberg, member of the Board of Management of AUDI AG for Technical Development, talks about the Audi Quattro Laser light concept vehicle...

Dublin draws bumper demand for first post-bailout bond 08 Jan 2014 - 07:04 am

DUBLIN/LONDON: Ireland made a storming return to the international bond market yesterday, with bumper demand for the country’s first debt sale since exiting...

Oil above $107 on US, Mideast supply woes 08 Jan 2014 - 07:04 am

LONDON: Oil rose above $107 a barrel yesterday after five straight declines supported by doubts about a recovery in Libyan output, fighting in...

Kentz opens new venture in Qatar 08 Jan 2014 - 07:04 am

DOHA: Kentz Corporation Limited (Kentz) yesterday announced to establish a new business entity ‘Kentz Engineering International WLL’ in Qatar. The announcement was made...

US trade gap shrinks to 4-year low on record exports 08 Jan 2014 - 07:03 am

WASHINGTON: The US trade deficit shrank sharply in November as exports hit a record high for the second straight month, official data showed...