Business

Shell to slash US spending by a fifth 14 Mar 2014 - 06:35 am

LONDON: Royal Dutch Shell said yesterday it was cutting spending on American upstream by a fifth this year after losses in resources plays...

China industrial output growth at 5-year low 14 Mar 2014 - 06:34 am

BEIJING: China’s industrial production rose at its slowest pace in five years and other key indicators showed surprising weakness, data showed yesterday, raising...

India’s Iranian oil imports fall 36pc 14 Mar 2014 - 06:34 am

NEW DELHI: India imported about 36 percent less oil from Iran in February than in January, because of efforts to meet US requests...

Doha Insurance looks to expand in GCC market 13 Mar 2014 - 01:00 am

BY SACHIN KUMAR Doha: Doha Insurance, one of the major players in Qatar’s insurance market, is looking to expand its footprints outside Qatar,...

Hilton to launch real estate project 13 Mar 2014 - 12:58 am

US actress and model Paris Hilton waves to her fans during her visit to Century City Mall in Manila yesterday. Hilton is in...

Qatar explores investments in Bulgaria 13 Mar 2014 - 12:56 am

Members of the Qatari Businessmen’s Association with Bulgarian President Rosen Plevneliev. DOHA: Members of the Qatari Businessmen’s Association (QBA) expressed their desire to...

Muntajat, Milaha sign transport contract 13 Mar 2014 - 12:56 am

Sheikh Ali bin Jassim Al Thani and Abdulrahman Ali Al Abdulla. DOHA: Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) QJSC signed...

Greek workers strike over job cuts 13 Mar 2014 - 12:55 am

Cleaning ladies from the public sector shout slogans during a rally outside Parliament in Athens. ATHENS: Thousands of striking public sector workers marched...

UniCredit in €14bn loss 13 Mar 2014 - 12:54 am

People stand outside the UniCredit Bank headquarters in Milan. It posted a record €14bn loss due to huge writedowns on bad loans and...

Japan firms raise wages before tax hike 13 Mar 2014 - 12:53 am

People walk in front of the Panasonic Centre in Tokyo yesterday. TOKYO: Major Japanese firms, including Toyota and Panasonic, yesterday said they would...

Aviation show 13 Mar 2014 - 12:52 am

Visitors walk past aircraft parked on display at Begumpet Airport for the India Aviation 2014 airshow in Hyderabad yesterday. The fourth edition of...

Opec raises oil demand view 13 Mar 2014 - 12:50 am

LONDON: World oil demand will increase more than expected in 2014, Opec said yesterday, raising its prediction for a second straight month as...

Petrochemical R&D on the rise 13 Mar 2014 - 12:50 am

DOHA: The petrochemical producers in the Gulf Cooperation Council (GCC) are ramping up research and development (R&D) funding despite a global slowdown in...

Qatari Diar to open regional office in Washington 13 Mar 2014 - 12:49 am

DOHA: Qatari Diar Real Estate Investment Company is to open a regional office in Washington DC to pursue new strategic investments throughout the...

Gulf bankers meet to boost cooperation 13 Mar 2014 - 12:49 am

KUWAIT CITY: Arab central bank governors of the energy-rich Gulf met yesterday in Kuwait to discuss combating terror funding and boosting cooperation. Central...

Middle East grain buyers avoid Ukraine 13 Mar 2014 - 12:49 am

AMMAN: Turmoil in Ukraine is driving Middle Eastern grain buyers to shy away from striking new deals there and to consider rival suppliers,...

QE index down 1.39pc, region sees big selling 13 Mar 2014 - 12:49 am

Doha: Qatar Exchange ended in the red area when trading closed yesterday at 11,349.17 points, down 1.39 percent, or 159.99 points, from the...

Qatargas loads 2,000th LNG cargo 13 Mar 2014 - 12:48 am

DOHA: Qatargas, the largest LNG producer in the world, recently loaded the 2,000th LNG cargo from the Common Lean LNG Storage and Loading...