Gulfnews :business

Prices have lost nearly 20 per cent from their settlement a week ago, and are on course for their steepest weekly decline since March 2003.

Abdullah Al Shuraim, chairman of Gulf Navigation Holding, has spent many years in the shipping industry.

The euro and sterling fell against the dollar on Thursday after aggressive cuts in benchmark interest rates by the European Central Bank and the Bank of England with expectations of more to come.

The one thing that isn't shrinking in the US economy these days is the size of the stimulus package that fin-ancial experts say is needed to turn it around.

Markets in Qatar and Kuwait gained on Thursday as investors took heart from government measures to shore up the bourses and a rally in global stocks.

Qatar and Kuwait will reduce crude oil shipments to customers in January as part of production cuts implemented by the Organisation of Petroleum Exporting Countries (Opec), traders at Asian refiner...

India's main stock index rose 5.5 per cent yesterday to its highest close in more than two weeks as expectations for an interest rate cut received a boost from slower-than-expected rise in inflation.

Qatar's annual inflation rate eased off a record peak to 15.81 per cent in the third quarter as rent, fuel and energy costs grew more slowly, official data showed on Thursday.

General Motors Corp and Chrysler LLC executives are considering accepting a pre-arranged bankruptcy as the last-resort price of getting a multibillion-dollar government bailout, said a person famil...

Kuwait's sovereign wealth fund will begin investing at least 1.5 billion Kuwaiti dinars ($5.4 billion) in Kuwaiti equities this month to boost confidence in the exchange, the country's finance mini...