Business

Indonesian court fines Asian Agri for tax evasion 29 Dec 2012 - 04:35 am

JAKARTA: Indonesia’s Supreme Court ordered a major palm oil company to pay more than $390m to the state for tax evasion, a judge...

European stock markets rise 28 Dec 2012 - 04:28 am

A passer-by watching Tokyo stock average closing information on a display at a securities office in Tokyo yesterday, after Liberal Democratic Party’s president...

Indonesia economy 28 Dec 2012 - 04:19 am

High-rise buildings seen in Jakarta yesterday. According to projections by the World Bank, Indonesia’s major trading partners are estimated to grow by 3.3...

Qatari bourse index down 0.19 percent 28 Dec 2012 - 04:19 am

Doha: Qatar Exchange index was down 16.16 points or 0.19 percent to 8,311.22 points yesterday from the previous closing of 8,327.38 points. Among...

QSA announces five-year strategy 28 Dec 2012 - 04:18 am

DOHA: Qatar Statistics Authority (QSA) has announced a five-year national strategy for the further enhance its capabilities in statistics development, covering a period...

Brent eases 28 Dec 2012 - 04:18 am

NEW YORK: Oil prices eased in choppy trading yesterday as unresolved US budget talks left open the possibility that looming mandated tax hikes...

Bankia shareholders set for more losses 28 Dec 2012 - 04:17 am

MADRID: Spain’s Bankia will wipe out the investments of 350,000 shareholders, many of them small savers and pensioners, after it emerged that losses...

Hong Kong economy to grow 28 Dec 2012 - 04:12 am

A woman walks past a tinted window in front of the city skyline in Hong Kong yesterday. With the global economic weakness continuing...

Eurozone crisis batters holiday sales prospects 28 Dec 2012 - 04:11 am

LONDON: Shoppers in eurozone nations battered by years of recession and crisis are on the hunt for bargains, delaying their purchases until the...

US consumer sentiment weakens 28 Dec 2012 - 04:11 am

WASHINGTON: US consumer confidence fell more than expected in December, hitting a four-month low as a looming fiscal crisis sapped what had been...

Sudan opens new oilfield 28 Dec 2012 - 04:10 am

HADIDA: Sudan yesterday opened its second new oil field in a week, as the country struggles to make up for the loss of...

Lukoil cuts Iraq oil output plan by a third 28 Dec 2012 - 04:09 am

MOSCOW: Russia’s second-largest crude producer Lukoil said it has cut its oil production plan in Iraq by almost a third, in line with...

India PM calls 8pc economic growth ‘ambitious’ goal 28 Dec 2012 - 04:08 am

NEW DELHI: India’s premier Manmohan Singh played down hopes yesterday for the nation’s once booming economy, terming a plan for achieving eight percent...

Mazaya Qatar weighs QR170m deal offer 28 Dec 2012 - 03:59 am

DOHA: Mazaya Qatar Real Estate Development has received an offer worth QR170m to buy one of its investment properties. The company is studying...

GOIC launches industrial market portal 27 Dec 2012 - 09:43 am

Qasim Abdul Ghani Al Maimani (second right), Undersecretary, Ministry of Commerce and Industry in Saudi Arabia, presses a button to launch Gulf Organisation...

Gulf petrochem industry set to expand: GPCA 27 Dec 2012 - 09:42 am

DOHA: The Gulf petrochemicals industry is bracing to sustain competitiveness keeping in mind the new market realities. Gulf producers are exploring opportunities to...

Toyota ups sales forecast to 9.7m vehicles 27 Dec 2012 - 09:42 am

TOKYO: Japan’s Toyota group forecast yesterday a 22 percent jump in worldwide sales this year to 9.7 million units, driven by surging demand...

Egyptian pound falls on devaluation talk 27 Dec 2012 - 09:42 am

CAIRO: The Egyptian pound hit a near eight-year low yesterday as concerns the government might devalue or bring in capital controls drove many...