Business

Dubai’s bourse recovers after 2-month slump 02 Apr 2013 - 11:59 pm

DUBAI: Dubai’s index rebounded from a two-month low yesterday, although thin trading left investors unsure whether these gains marked the end of a...

Cb selects two banks for bond sale 02 Apr 2013 - 11:59 pm

DUBAI: Commercialbank of Qatar (Cb), which is buying a majority stake in Turkish lender Alternatifbank, has picked two banks for a potential bond...

Banks may earn lower yields in Q1 02 Apr 2013 - 11:58 pm

By Satish Kanady DOHA: Weighed down by heavy lending to government-supported projects, Qatari banks are likely to earn lower yields during the first...

Bankrupt French refinery gets two bids 02 Apr 2013 - 11:57 pm

The Petroplus oil refinery in Petit-Couronne, which is threatened with closure. ROUEN, France: Bankruptcy administrators for the Petroplus oil refinery in Normandy have...

UK launches new financial regulators 02 Apr 2013 - 11:56 pm

LONDON: Britain launched its new system of financial supervision yesterday, hoping that two new regulators will succeed where a single one failed in...

Damac plans share listing 02 Apr 2013 - 11:56 pm

DUBAI: Damac Properties, a privately-held Dubai developer, is considering listing its shares on the stock market and has approached banks with proposals for...

Egypt’s foreign reserves slightly lower in March 02 Apr 2013 - 11:56 pm

DUBAI: Egypt’s Central Bank governor yesterday said that foreign exchange reserves had fallen slightly in March from February’s level of $13.5bn. Governor Hisham...

Cypriot finance minister steps down 02 Apr 2013 - 11:54 pm

NICOSIA: Finance Minister Michalis Sarris resigned yesterday, hours after a judicial probe was launched into how Cyprus was pushed to the verge of...

Japan to start LNG futures contract 02 Apr 2013 - 11:54 pm

Tokyo: Japan is preparing to create the world’s first futures trading contract for liquefied natural gas in a bid to stabilise the commodity’s...

Qatar wants stable gas price: PM 02 Apr 2013 - 06:20 am

The Prime Minister and Foreign Minister H E Sheikh Hamad bin Jassem bin Jabor Al Thani addressing the Brookings Doha Energy Forum yesterday....

Budget evokes mixed response 02 Apr 2013 - 06:19 am

Ahmed Al Khalaf DOHA: The budgetary estimates for the current fiscal year (2013-14) with increased public spending, that were unveiled yesterday, have evoked...

Demand for Saudi oil to grow: Minister 02 Apr 2013 - 06:17 am

Saudi oil minister Ali bin Ibrahim Al Nuaimi in Doha yesterday. DOHA: Demand for Saudi crude is likely to rise over the next...

Brent higher in choppy trading 02 Apr 2013 - 06:17 am

NEW YORK: Brent crude rose above $111 a barrel in choppy trading yesterday as Saudi Arabia predicted robust demand from Asia, while US...

Qatar has 40pc reserve margin in electricity 02 Apr 2013 - 06:16 am

DOHA: Due to a rapid expansion in its generation capacity, Qatar is sitting on a high 40 percent reserves in the power sector....

Orascom bid fails to buoy Cairo bourse 02 Apr 2013 - 06:15 am

Traders work at the Egyptian Exchange in Cairo, yesterday. DUBAI: A buyout offer for Orascom Telecom, Egypt’s second-largest listed company, failed to buoy...

Qatari bourse gains 49.14 points in March 02 Apr 2013 - 06:15 am

DOHA: Qatar Exchange (QE) Index gained 49.14 points or 0.58 percent during March 2013 compared to the previous month to close at 8,577.72...

17 firms suspended in Kuwait 02 Apr 2013 - 06:14 am

KUWAIT CITY: The Kuwait Stock Exchange yesterday suspended trading in the shares of 17 listed firms for failing to report their annual financial...

Tunisia expects $1.7bn IMF deal in May 02 Apr 2013 - 06:14 am

TUNIS: Tunisia expects to sign a $1.7bn loan deal with the International Monetary Fund next month after a delay due to the crisis...