Business

Recession-hit Portugal given until 2015 to reach deficit target 15 Mar 2013 - 11:38 pm

LISBON: Recession-plagued Portugal yesterday won an extra year from its creditors to bring down its public deficit in line with EU regulations, but...

Iran crude exports to plunge by a quarter 15 Mar 2013 - 11:37 pm

TOKYO/SINGAPORE: Iran’s crude oil exports in March may plunge by a quarter from a month earlier to the lowest since tight Western sanctions...

Ukraine imposes new tariffs on car imports 15 Mar 2013 - 06:34 am

A woman passes by cars on sale outside an automobile dealership in Kiev, the capital of Ukraine, yesterday. KIEV: Ukraine imposed emergency tariffs...

Milaha reports QR835m net profit in 2012 15 Mar 2013 - 06:32 am

Milaha reports QR835m net profit in 2012 DOHA: Qatar Navigation Company (Milaha) recorded a net profit of QR835m for the full year 2012,...

Samsung to launch new smartphone today 15 Mar 2013 - 06:31 am

NEW YORK: Locked in a fierce battle in the smartphone market, South Korean giant Samsung is to launch its latest device aimed at...

Qatar Exchange gains 77.56 points; IQ lifts trading value 15 Mar 2013 - 06:31 am

DOHA: Qatar Exchange index gained 77.56 points or 0.91 percent to close at 8,583.78 points this week. Trading value increased by 45.32 percent...

Qatar’s insurable assets set to go up 15 Mar 2013 - 06:11 am

DOHA: With Qatar planning a series of mega projects in the run up to the 2022 Fifa World Cup event, the number of...

Oil rebounds towards $110 15 Mar 2013 - 06:11 am

NEW YORK: Brent crude oil rose towards $110 a barrel yesterday, rebounding after four days of losses, after the latest indication of a...

SWISS to buy six Boeing 777 for $1.6bn 15 Mar 2013 - 06:09 am

Marcel Klaus (right), Chief Financial Officer, speaks next to Harry Hohmeister, Chief Executive Officer, and Rainer Hiltebrand, Chief Operation Officer, at a press...

Batelco in talks to buy stake in Reliance Communications unit 15 Mar 2013 - 06:09 am

DUBAI: Bahrain Telecommunications Co (Batelco) is in talks with Reliance Communications to buy a stake in the Indian operator’s enterprise business unit, the...

Denmark names six of its banks as too big to fail 15 Mar 2013 - 06:08 am

COPENHAGEN: Denmark is poised to raise the capital requirement for six banks identified as being too big to fail in a government committee...

Shun worldliness, Pope Francis tells Church 15 Mar 2013 - 05:26 am

VATICAN CITY: In his first public Mass, Pope Francis urged the Catholic Church yesterday to stick to its Gospel roots and shun modern...

Smooth transition to e-freight ‘critical’ 14 Mar 2013 - 04:28 am

BY MOHAMMAD SHOEB DOHA: Transition to e-freight is “critical”; Qatar Airways “needs to put a lot of efforts” to ensure a smooth transition...

Qatar has region’s best non-oil sector growth 14 Mar 2013 - 04:27 am

By Satish Kanady DOHA: Qatar’s high government capital spending on huge multi-year projects will continue to stimulate the country’s non-hydrocarbon sector, said the...

Qatargas highlights challenges facing LNG at Flame conference 14 Mar 2013 - 04:27 am

Doha: Qatargas’ Chief Operation Officer – Commercial and Shipping Alaa Abujbara addressed challenges surrounding energy supply in the European markets at the annual...

Asia’s Mideast oil market may pick up as demand recovers 14 Mar 2013 - 04:27 am

SINGAPORE: Asia’s Middle East crude market may strengthen when trading in May barrels begins this week, supported by refineries in Asia returning from...

Fuel crisis in Egypt 14 Mar 2013 - 04:26 am

Vehicles in a queue at a petrol station in Cairo. Egypt’s Oil Minister Osama Kamal has dismissed the head of state-owned Misr Petroleum...

Mixed trading across region’s bourses 14 Mar 2013 - 04:26 am

DUBAI: Dubai’s Arabtec rebounded yesterday after the builder changed some of the terms of a proposed capital hike that had sent its shares...