Business

Airbus-Boeing battle takes off in Indonesia 25 Mar 2013 - 12:46 am

A Lion Air Boeing 737 passenger jet takes off while another taxiing at Soekarno-Hatta Airport in Jakarta. JAKARTA: A new rivalry between the...

Eurogroup talks delayed as Cyprus fights EU, IMF demands 25 Mar 2013 - 12:46 am

BRUSSELS: Negotiations among Eurogroup finance ministers on Cyprus were put back by two hours yesterday as Cypriot President Nicos Anastasiades dragged out talks...

New Delhi plans reinsurance fund to cover refiners using Iranian oil 25 Mar 2013 - 12:45 am

NEW DELHI: India plans to set up a fund to back local insurers providing cover for refiners processing Iranian oil after companies warned...

QSA releases PPI figures for Q4 2012 25 Mar 2013 - 12:45 am

DOHA: The Producer Price Index of Industrial (PPI) sector for Q4, 2012 stood at 170.2 showing an increase of 2.8 percent as compared...

BRICS leaders to open development bank 25 Mar 2013 - 12:45 am

DURBAN, South Africa: Leaders from the BRICS emerging nations are expected to launch a joint development bank to rival western-dominated institutions at a...

Chinese appetite makes peanuts the new ‘gold’ in Senegal 25 Mar 2013 - 12:25 am

DINGUIRAYE, Senegal: High walls protect a Chinese peanut warehouse in central Senegal, where the product is becoming the new “gold” for farmers bypassing...

Weekly Money Market Review with IBQ: US dollar loses momentum as Cyprus situation improves 25 Mar 2013 - 12:21 am

The US Dollar lost some momentum by the end of the week after recording the highest level in few months against the Euro,...

Asset management business picking up 24 Mar 2013 - 01:15 am

By Satish Kanady DOHA: After facing the 2008 financial crisis shake-up, the GCC’s Asset Management Industry is slowly picking up, and Qatar is...

LNG storage 24 Mar 2013 - 01:13 am

A general view of storage facilities of Nigeria Liquefied Natural Gas company during an aerial tour by Royal Dutch Shell, in Bonny, yesterday.

Al Meera completes rights issue 24 Mar 2013 - 01:13 am

DOHA: Al Meera Consumer Goods Company (QSC) announced yesterday that it has successfully completed the process to increase the company’s capital by 100...

Delta Doha to open $50m facility soon 24 Mar 2013 - 01:12 am

DOHA: Delta Doha, a leading Qatar based oilfield engineering equipment design and manufacturing company, announced that it would open its $50m new facility...

US Senators okay budget 24 Mar 2013 - 01:12 am

WASHINGTON: The US Senate approved its first budget resolution in four years yesterday after a marathon all-night voting session, setting up a political...

Manweir expands with Ras Laffan facility 24 Mar 2013 - 01:11 am

Top officials of Manweir LLC after the inauguration of the new engineering and service facility at Ras Laffan Industrial City. DOHA: With the...

QNB Group: China rebounds despite slowdown concerns 24 Mar 2013 - 01:10 am

Doha: As China’s new administration takes the reins and plans for the future, QNB Group considers that the economy is on a firm...

India refuses to extend Bharti, Vodafone licences 24 Mar 2013 - 01:10 am

NEW DELHI: India’s government has told the Indian unit of British mobile phone giant Vodafone that its licences for three big cities cannot...

Linking France and Italy 24 Mar 2013 - 01:03 am

The construction site of the high-speed rail link between Italy and France through the Susa Valley is seen in Chiomonte during a visit...

Cyprus makes dramatic U-turn 24 Mar 2013 - 01:02 am

Thousands of bank employees protest outside the Finance Ministry in Nicosia yesterday. NICOSIA: Cyprus said yesterday it would tax big savers at its...

Small nations still believe in euro, despite Cyprus crisis 24 Mar 2013 - 01:02 am

SAARISELKAEAE, Finland: Despite the mounting debt crisis in bankruptcy-threatened Cyprus, small EU and applicant countries yesterday said they still believed in greater European...