Business

Eurovegas complex 10 Feb 2013 - 01:13 am

An artist’s impression of the future ‘Eurovegas’ casino and leisure complex in Alcorcon, on the outskirts of Madrid, central Spain, yesterday. The first...

Construction costs likely to rise in Qatar 10 Feb 2013 - 01:12 am

DOHA: Qatar’s construction industry will have to deal with soaring construction costs as the country gears up for the staging of its biggest...

Al Meera net profit rises to QR105.75m 10 Feb 2013 - 01:11 am

DOHA: Al Meera Consumer Goods Company has recorded QR105.75m net profit for the full year 2012, up 36.8 percent compared to the year...

Qafac’s annual sales cross $1bn in 2012 10 Feb 2013 - 01:11 am

DOHA: The Qatar Fuel Additives Company’s (Qafac) annual sales have crossed $1bn in 2012. The company is looking for a better performance in...

Venezuela devalues currency by 32pc 10 Feb 2013 - 01:10 am

A cashier counts notes at a supermarket in Caracas. CARACAS: Venezuela said it was devaluing its currency by 32 percent against the dollar...

US housing data spurs investor optimism: QNB Group 10 Feb 2013 - 01:10 am

Doha: It is hard to gain a clear picture of the current state of the US economy, according to QNB Group. While some...

EU budget deal likely to face rough ride in parliament 10 Feb 2013 - 01:09 am

BRUSSELS: EU leaders may think they have settled the bloc’s 2014-20 budget but it is the European Parliament, angry at the first ever...

Airbus may drop lithium-ion battery for A350 10 Feb 2013 - 01:08 am

PARIS/NEW YORK: Airbus is considering whether to drop lithium-ion batteries and switch back to traditional ones on its A350 passenger jet as investigators...

Bank of Italy seeks more powers in the wake of Monte Paschi troubles 10 Feb 2013 - 01:07 am

BERGAMO, Italy: Bank of Italy Governor Ignazio Visco called yesterday for more powers for bank regulators to step in and dismiss bad managers...

Petrobras chief warns govt over rising debt levels 10 Feb 2013 - 01:07 am

SAO PAULO: The chief executive of Brazil’s state-led oil company Petroleo Brasileiro SA warned the government about rising debt levels that may jeopardize...

Turkey not to halt gold flow to Iran 10 Feb 2013 - 01:06 am

ISTANBUL: Turkey will not be swayed by US sanctions pressure to halt gold exports to Iran but Tehran’s demand for the metal may...

EU agrees historic budget deal 09 Feb 2013 - 07:14 am

British Prime Minister David Cameron (left) and German Chancellor Angela Merkel addressing a press conference at the EU Headquarters in Brussels, yesterday. BRUSSELS:...

No plan for Peugeot stake, says French premier 09 Feb 2013 - 07:14 am

GRENOBLE: France’s Socialist government said it would do whatever it took to keep ailing carmaker PSA Peugeot Citroen afloat though the prime minister...

Oil rises to nine-month high 09 Feb 2013 - 07:13 am

NEW YORK: Brent crude oil futures rose to a nine-month high close to $119 a barrel yesterday after the release of strong Chinese...

Wheat traders challenge Syrian officials’ reserves estimate 09 Feb 2013 - 07:13 am

AMMAN: International traders challenged Syrian officials’ estimates that the government has enough wheat stored to last a year despite the raging 22-month revolt...

Boeing notifies European airlines of 787 delays 09 Feb 2013 - 07:12 am

LONDON: Boeing told two European airlines yesterday that their deliveries of 787 Dreamliner jets would be delayed, as investigations into the problems behind...

Nissan profit falls on China, Europe woes 09 Feb 2013 - 07:11 am

Customers look at the racing car Nissan Deltawing for the Le Mans series at the showroom of Nissan Motor in Yokohama, south of...

US trade deficit shrinks sharply in December 09 Feb 2013 - 07:10 am

WASHINGTON: The US trade deficit shrank sharply in December, official data showed yesterday, raising speculation that fourth-quarter economic growth was better than estimated....