Business

Saudi sets deadline for telecom licence bids 16 Jan 2013 - 12:49 am

DUBAI: Saudi Arabia’s telecoms regulator has a set a May 4 deadline for companies to submit applications for three mobile virtual network operator...

Investcorp sells CCC Information Services 16 Jan 2013 - 12:48 am

DUBAI: Investcorp, one of the Middle East’s largest private equity houses, has sold CCC Information Services to US-headquartered Leonard Green & Partners, the...

Qatar Airways denies talks to buy India’s SpiceJet stake 16 Jan 2013 - 12:47 am

NEW DELHI/DOHA: Qatar Airways is not interested in buying a stake in Indian budget carrier SpiceJet Ltd or any other Indian airline, its...

QIB launches scheme to help SMEs 16 Jan 2013 - 12:47 am

QIB’s acting CEO Ahmad Meshari at the launch of the Aamaly programme at Four Seasons Hotel yesterday.Kammutty VP BY MOHAMMAD SHOEB DOHA: Qatar...

Russian car sales flat 16 Jan 2013 - 12:46 am

An employee drives a new car onto a transporter at the Hyundai factory outside St Petersburg, yesterday. Russian car sales are expected to...

Indian loophole helps Iran bolster oil exports 16 Jan 2013 - 12:45 am

NEW DELHI: A loophole in an Indian insurance scheme has allowed Iran’s state-run tanker company NITC to bolster oil exports by chartering a...

Shell empowers students on last day of GTL meet 16 Jan 2013 - 12:45 am

DOHA: As the three-day World GTL Congress wrapped up here yesterday, more than a dozen students from various universities across Qatar seized the...

Big oil firms show interest in UK shale gas partnerships 16 Jan 2013 - 12:45 am

LONDON: British exploration firm IGas Energy has received interest from some of the oil industry’s biggest names to look for shale gas in...

Deal with debt ceiling drama: Fitch warns US 16 Jan 2013 - 12:44 am

PARIS: Fitch ratings agency issued a strong warning to the US yesterday to deal with its recurrent debt-ceiling dramas in a way which...

Qatar faces dilemma over new US tax law 15 Jan 2013 - 06:51 am

The Governor of Qatar Central Bank, H E Sheikh Abdullah bin Saoud Al Thani, addressing the forum on ‘Impact of the US Law...

First-of-its-kind barge named 15 Jan 2013 - 06:50 am

From right: The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada, the Managing Director and CEO of RasGas...

BMW records strong sales growth last year 15 Jan 2013 - 06:49 am

DOHA: Alfardan Automobiles has recorded a considerable growth in the sale of top BMW Group models in 2012. The flagship BMW 7 Series...

NDSQ forays into luxury yacht market 15 Jan 2013 - 06:48 am

DOHA: Driven by the region’s growing demand for luxury yachts, Nakilat Damen Shipyards Qatar (NDSQ) is foraying into the yacht building sector. The...

Russian gas line opened 15 Jan 2013 - 06:47 am

From left: Deputy Minister of Energy of the Russian Federation Anatoly Janovsky, State Secretary of German Federal Ministry of Economy and Technologies Anne...

Abu Dhabi plans $90bn boost for infrastructure 15 Jan 2013 - 06:47 am

DUBAI: Abu Dhabi plans to spend Dh330bn ($90bn) on development projects over the next five years, the emirate’s Executive Council said in a...

Indian inflation dips; hope up for rate cut 15 Jan 2013 - 06:47 am

MUMBAI: Indian inflation eased marginally in December to 7.18 percent year-on-year, data showed yesterday, raising expectations of an interest rate cut when the...

France, Turkey plan major Airbus order 15 Jan 2013 - 06:46 am

PARIS: France and Turkey will discuss a possible order for almost 150 Airbus passenger jets during a visit by French Trade Minister Nicole...

World shares steady as euro hits 11-month high 15 Jan 2013 - 06:46 am

LONDON: The euro hit an 11-month high against the dollar yesterday as fading prospects of an interest rate cut in Europe bolstered demand,...