Business

Memac Ogilvy holds annual meet 11 Nov 2012 - 06:50 am

DOHA: Memac Ogilvy, one of the leading multinational communications agencies in the Middle East, recently held its regional management meeting in Lebanon to...

Iberia to shed 4,500 jobs 10 Nov 2012 - 06:05 am

MADRID/LONDON: Spanish airline Iberia is to axe almost a quarter of its workforce and rationalise its network under a restructuring plan launched yesterday...

Gold hits new high on US fiscal fears 10 Nov 2012 - 06:05 am

LONDON: Gold hit a three-week high yesterday, buoyed by expectations US monetary policy will remain loose after President Barack Obama’s re-election and by...

AP Moller-Maersk profits rise 10 Nov 2012 - 05:51 am

A young girl taking a picture of the world’s largest container ship of Danish shipping company Maersk, ‘Emma Maersk’ as the ship arrives...

European stocks steady; Dow and Nasdaq increase 10 Nov 2012 - 05:51 am

LONDON: European stock markets steadied yesterday and the euro dropped against the dollar after a week dominated by rising concerns about the economic...

UK grabs BoE cash for short-term boost 10 Nov 2012 - 05:51 am

LONDON: Britain’s cash-strapped government said yesterday that it would grab an expected £35bn ($55.9bn) windfall from the Bank of England’s bond-buying programme to...

Repsol ready to drill for oil in Libya 10 Nov 2012 - 05:50 am

VIENNA: Spanish oil firm Repsol said it is making final preparations to resume drilling in Libya in early 2013, adding to signs that...

Opec sees fall in oil demand next year 10 Nov 2012 - 05:50 am

LONDON: World oil demand growth could fall short of forecasts next year, exporter group Opec said yesterday, citing Europe’s troubled economy and the...

Baghdad warns Gazprom over Kurdistan deals 10 Nov 2012 - 05:49 am

BAGHDAD: Iraq has warned Russia’s Gazprom Neft to quit oil deals with the country’s autonomous Kurdistan or pull out of its contract for...

Al Sada honoured with ‘Man of the Year’ award 09 Nov 2012 - 04:47 am

H E Dr Mohammed Saleh Al Sada, the Minister of Energy and Industry, with the representatives of the companies that received the awards...

Qatar Exchange index drops 0.36 percent 09 Nov 2012 - 04:47 am

DOHA: Qatar Exchange’s main index lost 30.87 points or 0.36 percent last week to close at 8,572.75 points. Trading value last week increased...

Forbes ME names business leaders in the Arab world 09 Nov 2012 - 04:46 am

Yusuffali MA, after receiving the “most influential Asian Business Leader in the MENA region” award from Forbes ME in Dubai. Dubai: The world’s...

Opec admits impact of shale oil on supply 09 Nov 2012 - 04:45 am

LONDON: Opec acknowledged for the first time yesterday that technology for extracting oil and gas from shale is changing the global supply picture...

European stock markets fall; BoE, ECB keep rates 09 Nov 2012 - 04:45 am

LONDON: European stock markets closed lower and the euro edged down yesterdya after European central banks held key interest rates at record low...

International Islamic speeds up payment processing through ACH 09 Nov 2012 - 04:45 am

DOHA: Qatar International Islamic Bank (QIIB) has successfully gone live with Misys’ payment solution, Misys Payment Manager. The bank selected Misys to support...

British trade minister leads business team to Qatar 09 Nov 2012 - 04:44 am

DOHA: The UK Trade and Investment Minister Lord Green arrived in Qatar for a two-day visit, accompanied by a business delegation of 15...

Egypt awards first oil licences 09 Nov 2012 - 04:44 am

VIENNA/ABU DHABI: Royal Dutch Shell, RWE and TransGlobe Energy have won concessions in Egypt’s first licensing round since the 2011 revolution in a...

Sudan inflation rate rises to 45pc 09 Nov 2012 - 04:44 am

KHARTOUM: Sudan’s annual inflation rate rose to 45.3 percent in October from 41.6 a month earlier, driven mostly by large increases in food...