Business

Jobless rate soars in Greece 12 Oct 2012 - 03:01 am

People walk in the centre of Athens yesterday. The state statistics agency said that Greece’s jobless rate jumped to 25.1 percent in July,...

World economy to improve only slightly in 2013 12 Oct 2012 - 03:01 am

LONDON: Next year offers only a slight improvement for a global economy hit by recession in Europe and slowing or moribund growth in...

Aabar sells €1.25bn Daimler stake 12 Oct 2012 - 03:00 am

FRANKFURT: Abu Dhabi’s sovereign wealth fund Aabar sold its remaining 3.07 percent stake in Daimler worth about ¤1.25bn ($1.6bn) on October 5, the...

QE market capitalisation falls to QR466.07bn 12 Oct 2012 - 03:00 am

Doha: Qatar Exchange’s main index gained a marginal 0.26 points last week when the bourse closed at 8,478.61 points yesterday. Trading value increased...

Bentley, Lamborghini may delay SUVs: Report 12 Oct 2012 - 03:00 am

BERLIN: Bentley and Lamborghini’s plans to develop ultra-luxury SUVs may be put on hold to save cash for parent Volkswagen, company sources said,...

QIIB prices $700m 5-year sukuk 12 Oct 2012 - 02:59 am

DUBAI: Qatar International Islamic Bank priced a $700m five-year sukuk yesterday, at a profit rate of 2.688 percent. HSBC Holdings, Standard Chartered and...

Softbank plan 12 Oct 2012 - 02:58 am

A man using a mobile phone walks past an advertisement board of Softbank Corp in Tokyo. Japan’s Softbank Corp is in talks to...

New US jobless claims fall to lowest 12 Oct 2012 - 02:57 am

WASHINGTON: The number of Americans filing new claims for jobless benefits slid last week to the lowest level in more than four-and-a-half years,...

European shares shrug off Spain downgrade 12 Oct 2012 - 02:57 am

LONDON: Europe’s main stock markets rose yesterday, shrugging off Standard & Poor’s slashing Spain’s credit rating, and gained added steam from a big...

Nigerian villagers sue Shell in landmark pollution case 12 Oct 2012 - 02:57 am

THE HAGUE: Four Nigerian villagers took Royal Dutch Shell to court yesterday in a landmark pollution case that campaigners said could open the...

Iran posts 42pc fall in car production 12 Oct 2012 - 02:56 am

TEHRAN: Auto production in sanctions-hit Iran nosedived by more than 42 percent in the past six months, media reports said yesterday. Some 459,440...

Kuwait’s NBK posts 37pc jump in Q3 profit 12 Oct 2012 - 02:56 am

KUWAIT CITY: The National Bank of Kuwait (NBK) said yesterday that its net profit for the third quarter to September soared 37 percent...

Qatari expert calls for secure HSE practices 12 Oct 2012 - 02:55 am

Doha: A health, safety and environment expert from Qatar Petroleum has called upon his peers to create a lasting legacy in securing HSE...

GDI, Oxy Qatar renew offshore drilling contract 12 Oct 2012 - 02:55 am

DOHA: Gulf Drilling International Ltd (GDI) has entered into a new two-year contract to continue providing offshore drilling rig services to Occidental Petroleum...

QBA and QICDRC hold talks, sign MoU 12 Oct 2012 - 02:55 am

DOHA: The Qatari Businessmen Association (QBA) held a round table legal discussion with the Qatar International Court and Dispute Resolution Centre (QICDRC) to...

Al Jazeera Finance plans to launch IPO 12 Oct 2012 - 02:54 am

DOHA: Al Jazeera Finance, Qatar’s leading Shariah-complaint financial services company, has plans to launch an initial public offering (IPO) as part of plans...

Saudi pledges to satisfy oil market needs; Brent jumps 10 Oct 2012 - 09:26 am

The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada in Riyadh to attend the 31st meeting of the...

Qatar must grow ‘outside its own economy’: Asean chief 10 Oct 2012 - 09:23 am

Asean Secretary-General Surin Pitsuwan. BY MOHAMMAD SHOEB DOHA: Countries with limited or small population such as Qatar must grow outside their own economies...