Business

Turkey and Iraqi Kurdistan sign energy deal 30 Nov 2013 - 05:49 am

ANKARA: Turkey and Iraqi Kurdistan signed a multi-billion-dollar energy package this week that will help transform the semi-autonomous region into an oil and...

Shanghai Free Trade Zone 30 Nov 2013 - 05:48 am

A man walks in front of the entrance of the Shanghai Pilot Free Trade Zone at the Pudong international airport in Shanghai yesterday....

Black Friday shopping 30 Nov 2013 - 05:46 am

Shoppers walk with a cart full of purchases from Walmart in Westbury, New York, yesterday. Black Friday, the day following Thanksgiving Day holiday,...

India posts surprise 4.8pc growth 30 Nov 2013 - 05:45 am

NEW DELHI: India posted faster-than-expected quarterly economic growth of 4.8 percent yesterday, boosted by robust farm output, spurring hopes that an end to...

Improved jobs offer modest EU respite 30 Nov 2013 - 05:45 am

BRUSSELS: Improved eurozone jobs and inflation data yesterday are welcome but offer only modest respite as the bloc struggles to get back on...

UK sells off ‘ghost’ London tube station in austerity drive 30 Nov 2013 - 05:45 am

LONDON: The British government has sold off a disused London underground station used as a secret wartime command centre, as part of its...

Alitalia yet to raise enough in emergency cash call 30 Nov 2013 - 05:45 am

MILAN: Loss-making Alitalia has yet to raise all of the ¤300m ($407m) it was seeking in an emergency cash call, piling more pressure...

Rasameel sees strong corporate sukuk market 30 Nov 2013 - 05:44 am

DUBAI: Kuwait-based Rasameel Structured Finance Co expects a flurry of Islamic financing activity in the Gulf next year, in particular from corporations looking...

S&P removes Dutch from triple A; lifts outlook for Spain 30 Nov 2013 - 05:44 am

AMSTERDAM/MADRID: Standard & Poor’s agency cut the Netherlands’ credit rating yesterday, reducing the euro zone club of full triple-A nations to just three,...

Gold set for biggest loss in five months 30 Nov 2013 - 05:43 am

LONDON: Gold rose yesterday as the dollar declined but was still headed for its biggest monthly drop in five months on signs that ...

Oil rises above $111, set for biggest monthly gain since Aug 30 Nov 2013 - 05:43 am

LONDON: Brent crude oil firmed slightly yesterday and looked set to post the biggest monthly gain since August as prolonged unrest in Libya...

Japan’s Nikkei hits 6-year high 29 Nov 2013 - 07:33 am

Pedestrians in front of an electronic board showing the closing figure of the Nikkei 225 Stock Average in Tokyo, Japan, yesterday. The benchmark...

‘GCC attractive investment destination for Indian firms’ 29 Nov 2013 - 07:32 am

Alpen Capital Managing Directors Sameena Ahmad and Sanjay Vig. Doha: Alpen Capital yesterday announced the publication of its research paper titled ‘GCC as...

Thousands protest Airbus restructuring 29 Nov 2013 - 07:30 am

HAMBURG/MANCHING: More than 20,000 workers from EADS in Germany took to the streets yesterday to protest against the European aerospace company’s restructuring plans...

QE index gains 92.06 points this week 29 Nov 2013 - 07:26 am

Doha: Qatar Exchange index gained 92.06 points (0.90 percent) this week when the bourse closed at 10,375.06 points last afternoon. The trading value...

S&P sees Islamic finance flourishing next year 29 Nov 2013 - 07:26 am

DOHA/LONDON: Global growth of the Islamic finance market has continued unabated this year, undeterred by the uncertain recovery elsewhere in the world’s financial...

Sukuk issuance set to maintain growth: Moody’s 29 Nov 2013 - 07:25 am

DOHA: Global sukuk issuance is likely to maintain its positive long-term growth trends. The drivers of this continued growth include increasing demand from...

Oil market slides on US stockpiles 29 Nov 2013 - 07:25 am

LONDON: Global oil prices fell further yesterday as dealers focused on an unexpectedly large surge in US crude stockpiles, stoking concerns about oversupply...