Business

Alitalia secures emergency cash, heads to union meeting 11 Dec 2013 - 12:05 pm

MILAN: Alitalia finally secured the ¤300m ($412m) it needs to keep flying over Christmas, a source said yesterday, concluding a drawn-out capital raising...

Masraf Al Rayan sponsors Euromoney Qatar Conference 11 Dec 2013 - 12:04 pm

Doha: Masraf Al Rayan (MAR) announced its sponsorship of the two days Euromoney Qatar Conference 2013, which opened at the Ritz Carlton Hotel...

Valiant first Swiss bank to agree US deal 11 Dec 2013 - 12:04 pm

ZURICH: Valiant has become the first Swiss firm to agree to crack down on wealthy Americans evading taxes and as many as a...

IMF cuts Russia growth forecast 11 Dec 2013 - 12:04 pm

MOSCOW: The International Monetary Fund slashed Russia’s 2014 growth forecast yesterday while warning that faster expansion would be hard to achieve without a...

‘Warp speed’ risk for UK house price, rate hike off radar 11 Dec 2013 - 12:03 pm

LONDON: Expectations of future British house price rises have hit a 14-year high just as central bank chief Mark Carney signalled monetary policy...

Portugal central bank expects return to growth in 2014 11 Dec 2013 - 12:03 pm

LISBON: Portugal should return to growth next year, following more than two years of recession, with the recovery pulled by exports, the Bank...

Greece’s creditors to return today 11 Dec 2013 - 12:02 pm

ATHENS: International auditors are due back in Athens this week to assess Greece’s progress in implementing reforms in exchange for loans, a Greek...

Industries push QE index up 62.79 points 11 Dec 2013 - 12:02 pm

Doha: Qatar Exchange index gained 62.79 points, or 0.60 percent, yesterday to advance to 10,496.89 points from 10,434.10 on Monday. The volume of...

Turkey grows 4.4pc in Q3 11 Dec 2013 - 12:01 pm

ANKARA: The Turkish economy grew by a stronger-than-expected 4.4 percent in the third quarter of 2013, official data showed yesterday. The figure, which...

Mary Barra to be first female CEO of General Motors 11 Dec 2013 - 12:01 pm

NEW YORK: General Motors yesterday announced that company veteran Mary Barra would succeed Dan Akerson as chief executive, becoming the first woman to...

PM calls for more private sector role 11 Dec 2013 - 06:08 am

From left: The Prime Minister and Interior Minister, H E Sheikh Abdulla bin Nasser bin Khalifa Al Thani, the Minister of Finance, H...

Strategic plan for financial sector regulation launched 10 Dec 2013 - 11:02 am

Qatar Central Bank Governor H E Sheikh Abdullah bin Saoud Al Thani, (centre) with other officials during the launch of the unified strategy...

Smart Cities a better choice for Qatar: Expert 10 Dec 2013 - 11:01 am

From left: The Managing Partner of Effectas Business Improvement, Paolo Sebben; the Founding Chairman of Gulf Organisation for Research and Development and moderator...

Indian shares hit high, rupee firms 10 Dec 2013 - 10:57 am

MUMBAI: Indian shares closed at a new high and the rupee firmed yesterday after the main opposition Bharatiya Janata Party, widely seen as...

Gulf firms plan joint bid for stake in Occidental 10 Dec 2013 - 10:54 am

DUBAI: Three state-owned Gulf firms are considering a joint bid for a minority stake in Occidental Petroleum Corp’s Middle East and North Africa...

Qatar banks record high loan growth 10 Dec 2013 - 10:53 am

By Satish Kanady DOHA: Powered by an increasing public sector spending, banks in Qatar witnessed the highest rate of loan growth in the...

EADS to cut 5,800 jobs in Europe in restructuring 10 Dec 2013 - 10:51 am

BERLIN: European aerospace giant EADS, the maker of Airbus aircraft, announced plans yesterday to cut 5,800 jobs in its defence and space division...

Oil slips to $110 as European demand eases 10 Dec 2013 - 10:50 am

LONDON: Brent crude fell almost 1.5 percent to around $110 a barrel yesterday, undermined by signs of weaker European demand despite upbeat economic...