Business

Minsk automobile industry 28 Aug 2013 - 12:23 am

Employees work at a truck assembly line at the Minsk Automobile Plant (MAZ) in Minsk, Belarus, yesterday

Qatari bourse index loses 127.13 points 28 Aug 2013 - 12:23 am

DOHA: Qatar Exchange (QE) benchmark index retreated 127.13 points or 1.28 percent to close at 9,771.41 points yesterday due to an extended selling...

Oman signs MoU to import gas from Iran 28 Aug 2013 - 12:22 am

DUBAI: Iran signed a memorandum of understanding (MoU) on Monday to export gas to Oman from 2015, in a 25-year deal valued at...

ANA to buy stake in Myanmar airline 28 Aug 2013 - 12:22 am

TOKYO: Japan’s All Nippon Airways (ANA) said yesterday it would acquire a 49 percent stake in a Myanmar airline, the latest foray into...

South African growth quickens to 3pc in Q2 28 Aug 2013 - 12:20 am

PRETORIA: Growth of the South African economy, the biggest in Africa, accelerated sharply to three percent in the second quarter, official data showed...

Aircraft orders fall 27 Aug 2013 - 12:26 am

A Boeing 737-900 sits on the assembly line at the company’s operations in Renton, Washington. The Commerce Department said yesterday durable goods orders...

Saudi British Bank plans sukuk sale 27 Aug 2013 - 12:25 am

DUBAI: Saudi British Bank (SABB), an affiliate of HSBC Holdings, is aiming to sell an Islamic bond by year-end to strengthen its capital...

Egypt pound strengthens after muted protest 27 Aug 2013 - 12:25 am

CAIRO: The Egyptian pound strengthened on the black market yesterday as fears the country might be sliding into a period of sustained violence...

Brent falls but underpinned by Syria, US data 27 Aug 2013 - 12:24 am

LONDON: Brent crude eased towards $110.50 a barrel yesterday but was supported near a five-month high as tensions over a suspected chemical weapons...

Iran boosts iron exports to India, China as oil sales slump 27 Aug 2013 - 12:24 am

NEW DELHI/LONDON: Iran is raising its exports of iron ore and iron products to China and India in an attempt to replace at...

German offshore wind farm opens 27 Aug 2013 - 12:23 am

A view of the windmills of the farm BARD Offshore 1, 100km north-west of the German island of Borkum, yesterday. The first complete...

Strong sell-off drags QE below 10,000 mark 27 Aug 2013 - 12:23 am

DOHA: A correction dragged Qatar bourse below the 10,000 levels and its capitlaisation shrank 8.5bn in a single day trading, making it the...

IILM sells about $490m sukuk 27 Aug 2013 - 12:22 am

DUBAI: A consortium of central banks from Asia, the Middle East and Africa has taken a first step towards developing a cross-border market...

DAE in talks to merge some assets with BBA 27 Aug 2013 - 12:22 am

DUBAI: Dubai Aerospace Enterprise (DAE), owner of US-based engine repair and maintenance business StandardAero, is in talks to merge parts of its business...

Deloitte offers technology to recover EU VAT 27 Aug 2013 - 12:21 am

DOHA: Deloitte has announced the launch of a regional initiative to assist Middle East businesses to recover tax (value added tax) paid in...

Slim backs Telefonica’s German plans 27 Aug 2013 - 12:21 am

MADRID: Mexican billionaire Carlos Slim’s America Movil said yesterday it is backing rival Spanish group Telefonica’s sweetened takeover bid, valued at ¤8.55bn ($11.4bn),...

Turkish lira hovers near record lows 27 Aug 2013 - 12:21 am

ISTANBUL: The Turkish lira hovered just off record lows near two to the dollar yesterday while the 2-year benchmark bond yield inched above...

Building material demand to rise 26 Aug 2013 - 01:06 am

By Satish Kanady DOHA: Qatar’s construction sector is set to see a record demand of primary building materials in the coming few years. ...