Business

Omantel profit falls as text messaging loses appeal 14 Feb 2013 - 12:09 am

DUBAI: Oman Telecommunications (Omantel) reported a 10 percent fall in fourth-quarter profit, missing analysts’ estimates as revenue from text messages and international calls...

Rosneft, ExxonMobil ink Alaska oilfield deal 14 Feb 2013 - 12:08 am

Moscow: Russia’s state oil giant Rosneft signed yesterday an agreement with ExxonMobil to participate in a major project owned by the US super-major...

Peruvian trade team visits Doha ahead of Emir’s trip 13 Feb 2013 - 11:55 pm

From left: Julio Salvador (Ministry of Energy), Carlos Herrera (The Private Investment Promotion Agency ), Alvaro Silva-Santisteban (Ministry of Foreign Trade and Tourism),...

Frozen food 13 Feb 2013 - 11:53 pm

A poster of hachis Parmentier (shepherd’s pie) in the front of a Picard frozen food chain store in Vincennes, near Paris, yesterday. Picard,...

Lexus, Porsche top in dependable car ranking 13 Feb 2013 - 11:53 pm

DETROIT: Toyota Motor Corp’s luxury brand Lexus topped a US vehicle dependability study of owners of three -year-old cars and trucks as model-year...

Four banks shortlisted for sale of Citigroup’s Turkish retail unit 13 Feb 2013 - 11:52 pm

ISTANBUL: Four local banks have been shortlisted in the sale of Citigroup’s retail banking business in Turkey and the deal is expected to...

European stocks advance, Gulf markets gain 13 Feb 2013 - 11:52 pm

LONDON/dubai: European equities advanced yesterday while the yen rose against the dollar amid uncertainty surrounding Tuesday’s Group of Seven (G7) statement on foreign...

Amazon seeks relaxation of India e-commerce rules 13 Feb 2013 - 11:44 pm

NEW DELHI: US online retail giant Amazon said it had asked New Delhi to consider relaxing a law that stops its Indian subsidiary...

Steelmakers to slash jobs 13 Feb 2013 - 05:03 am

The sky over the iron and steel works of HKM in Duisburg, Germany, turning orange during a tapping of a furnace, yesterday. German...

Excessive currency volatility hits stability 13 Feb 2013 - 05:03 am

LONDON/TOKYO: Fiscal and monetary policies must not be directed at devaluing currencies, the Group of Seven nations said yesterday in a statement aimed...

Qatar looking to boost local debt market 13 Feb 2013 - 05:02 am

DOHA: Qatar’s commitment to invest heavily in infrastructure, ahead of the 2022 Soccer World Cup, has surged its external debt in the past...

Qatar sovereign fund raises US luxury jeweller Tiffany stake 13 Feb 2013 - 05:02 am

New York: Qatar’s sovereign wealth fund, which was already the single largest shareholder in Tiffany & Co, has raised its stake in the...

Bahrain sees sharp growth in 2013 13 Feb 2013 - 05:01 am

DUBAI: Bahrain’s economic growth is expected to pick up sharply this year on the back of a stronger oil sector, large industrial investments...

Home Depot calls up iPhone, drops BlackBerry 13 Feb 2013 - 05:01 am

OTTAWA: Canadian smartphone maker BlackBerry was handed a crushing setback for its glitzy new handsets when its major customer Home Depot confirmed yesterday...

Dividend cut 13 Feb 2013 - 05:00 am

A woman passes in front of an Orange store in Warsaw, yesterday. France Telecom’s Polish arm TPSA shocked the market with another dividend...

European stocks rise amid exchange rates warning 13 Feb 2013 - 05:00 am

LONDON: European stock markets rose yesterday, with a G7 countries warning of foreign exchange volatility pushing up the yen, while dealers also digested...

Egypt gains; Dubai ends lower 13 Feb 2013 - 04:59 am

DUBAI: Egypt’s index marked its biggest gain in nine days yesterday after protests marking the second anniversary of the overthrow of former president...

Probe widened into stock price manipulation at Porsche 13 Feb 2013 - 04:59 am

FRANKFURT: German prosecutors said yesterday they have extended their probe into suspected stock price manipulation at sports car maker Porsche. The investigation had...