Business

Fujitsu water-proof tablet PC 21 Oct 2012 - 06:13 am

A Fujitsu officer demonstrates the company’s latest Windows 8 water-proof tablet PC, “Arrows Tab Wi-Fi QH55/J” during Fujitsu’s Windows 8 PC press preview...

Qatar leads GCC in money supply growth 21 Oct 2012 - 06:12 am

DOHA: Qatar recorded the highest broad money supply growth in the region in 2011 and during the first eight months of 2012. The...

Islamic banking market in Qatar worth $35bn: IIF 21 Oct 2012 - 06:12 am

DOHA: The size of Islamic banking market in Qatar is worth $35bn. The sector accounts for an estimated 19.3 percent of the country’s...

Apple opens biggest Asian store in Beijing 21 Oct 2012 - 06:11 am

BEIJING: Apple yesterday opened its biggest Asian store yet in Beijing, with hordes of shoppers descending on the three-floor complex that highlights the...

Qatar’s banking sector tops Mena Tier 1 growth 21 Oct 2012 - 06:11 am

DOHA: Qatari banking sector is leading the way in the Middle East’s Tier 1 growth. A top ‘Arab banks ranking’ conducted by the...

Saudi Telecom Q3 profit up 25pc 21 Oct 2012 - 06:11 am

RIYADH: Saudi Telecom Co (STC) reported a 25 percent jump in third-quarter profit, missing market expectations. The increase in net profit was because...

Commodity prices retreat on economic strains 21 Oct 2012 - 06:10 am

LONDON: Commodity prices mainly retreated this week, pressured by a tough economic climate highlighted in part by weakening growth in the world’s second...

$5.2bn Petronas bid for Progress Energy blocked 21 Oct 2012 - 06:10 am

TORONTO/KUALA LUMPUR: Canada has blocked Malaysian state oil firm Petronas’ C$5.17bn ($5.2bn) bid for gas producer Progress Energy Resources in a surprise move...

Wall Street investors face earnings blitz with dread 21 Oct 2012 - 06:09 am

NEW YORK: US earnings started the quarter on the wrong foot, and things have only gotten worse. Expectations for the third quarter were...

Alcatel-Lucent to cut 5,490 jobs 20 Oct 2012 - 04:10 am

Employees of Alcatel-Lucent take part in a general assembly in front of their company in Velizy-Villacoublay, Paris, yesterday. Alcatel-Lucent has informed unions that...

Europe agrees to centralised bank regulator 20 Oct 2012 - 04:09 am

BRUSSELS: European leaders agreed yesterday to police thousands of eurozone banks from next year as they sought to boost growth in their austerity-battered...

New Saudi refinery to start diesel exports by second quarter in 2013 20 Oct 2012 - 04:09 am

SINGAPORE: A new refinery in Saudi Arabia that is a joint venture of Saudi Aramco and France’s Total is likely to start diesel...

UK engineers create petrol from air, water 20 Oct 2012 - 04:09 am

LONDON: A small British company has developed a way to create petrol from air and water, technology it hopes may one day contribute...

Islamic finance body hires new chief executive 20 Oct 2012 - 04:09 am

KUALA LUMPUR: The International Islamic Liquidity Management Corp (IILM), a company backed by central banks located mainly in Asia and the Middle East,...

Airbus plans to double US spending 20 Oct 2012 - 04:08 am

WASHINGTON: European aircraft maker Airbus said yesterday that it plans to double its annual spending with US companies to some $24bn in the...

European stocks sink 20 Oct 2012 - 04:02 am

LONDON: European equities fell yesterday, hit by a lack of rapid progress towards full EU banking union at a key summit, while traders...

WTO hands Obama victory in US-China steel case 20 Oct 2012 - 04:02 am

GENEVA/WASHINGTON: The World Trade Organisation barred China yesterday from imposing duties on certain US steel exports, siding with US President Barack Obama in...

Iran’s shipping woes delay crude deliveries to China 20 Oct 2012 - 04:01 am

BEIJING/SEOUL: Iranian crude volumes received by China have been below contracted levels since September, because Iran’s tanker fleet, the sole transporter of its...