Business

Peugeot’s worldwide sales fall by 16.5pc last year 10 Jan 2013 - 06:34 am

PARIS: French top carmaker PSA Peugeot Citroen said yesterday that global sales plunged by 16.5 percent in 2012 owing to contracting demand in...

UK must stay in EU market, say business heads 10 Jan 2013 - 06:34 am

LONDON: Prime Minister David Cameron will damage Britain’s fragile economy if he demands major changes that could threaten the country’s relationship with the...

World’s top banks told to centralise risk data 10 Jan 2013 - 06:34 am

LONDON: The world’s top banks have three years to build up a single picture of all their risks to help make the wider...

Relaxing liquidity rules may boost euro lending 10 Jan 2013 - 06:33 am

PARIS: The loosening of liquidity rules due to come into effect on banks raises hopes among some analysts to a recovery of lending...

Power trade yet to pick up from GCC grid, says official 09 Jan 2013 - 01:02 am

Prof Dr Abdelmajid Mahjoub, Director General of the Arab Atomic Energy Agency (AAEA)-Tunisia, speaking on the second day of 4th General Conference of...

Arab region must rethink utilities subsidy: Experts 09 Jan 2013 - 12:58 am

Eng Fahad Hamad Al Mohannadi, General Manager, QEWC, during a session at the 4th General Conference of Arab Union of Electricity and Exhibition...

Qatar-Egypt venture to bid for LNG import contracts 09 Jan 2013 - 12:52 am

BY MOHAMMAD SHOEB DOHA: Battling severe economic hardships, Egypt’s Islamist government wants local private players to play a major role in narrowing down...

Enterprise Qatar announces GPCP initiative 09 Jan 2013 - 12:52 am

DOHA: Enterprise Qatar (EQ), the state’s entrepreneurial support body, yesterday announced the first Government Procure-ment and Contracting Programme (GPCP). The ground-breaking initiative is...

Qatar bourse regulator slaps fine on three firms 09 Jan 2013 - 12:52 am

DOHA: The regulator of the Qatari bourse has slapped deterring fines on three listed entities, including the popular consumer cooperative chain Al Meera....

Q-Auto unveils Audi promotion, development plans 09 Jan 2013 - 12:50 am

Doha: Audi Qatar, represented by Q-Auto, announced an ambitious development plan for the brand with the four rings in Qatar. New 20-work bay...

European indices mixed 09 Jan 2013 - 12:49 am

LONDON: European stock markets closed mixed but mostly lower yesterday as investors digested company news and were cautious ahead of US aluminium giant...

Qatar Exchange down 0.15pc; most Gulf markets rise 09 Jan 2013 - 12:49 am

Doha: Qatar Exchange was down 12.91 points or 0.15 percent to 8,656.11 points yesterday from the previous closing of 8,669.02. Among the top...

Nearly 19 million without jobs in the eurozone 09 Jan 2013 - 12:48 am

BRUSSELS: European unemployment has hit an unacceptable high, as one national leader put it yesterday, with dire figures in Spain highlighting a growing...

Egypt struggles to buy oil as currency crisis deepens 09 Jan 2013 - 12:47 am

LONDON: Egypt’s currency crisis has intensified its oil supply troubles, as the weaker pound makes it more difficult for cash-strapped Cairo to buy...

Boat show 09 Jan 2013 - 12:46 am

A heavy-load transporter transports the British yacht Princess 98’ MY in Duesseldorf, Germany. It is the largest yacht to be exhibited at a...

Kurdistan starts independent crude oil exports 09 Jan 2013 - 12:46 am

LONDON: Kurdistan has begun to export crude oil directly to world markets through Turkey, posing the biggest challenge yet to Baghdad’s claim to...

Aldar, Sorouh reach initial merger deal 09 Jan 2013 - 12:46 am

DUBAI: Abu Dhabi’s two biggest real estate developers have reached an initial agreement to merge via a share swap, with a final deal...

Banks continue Turkey gold trade despite Iran connection 09 Jan 2013 - 12:46 am

ISTANBUL: Banks are continuing to exchange gold in Turkey, despite US pressure over the country’s booming gold-for-gas trade with Tehran, which helps Iran...