Business

UAE plays down inflation threat, sees 5pc growth 04 Feb 2014 - 01:09 am

ABU DHABI: The United Arab Emirates’ economy is likely to grow at a robust clip of up to 5 percent this year, government...

Oman’s National Gas Co CEO held by prosecutor 04 Feb 2014 - 01:08 am

MUSCAT: The chief executive of Oman’s National Gas Co SAOG has been detained by the public prosecutor for questioning in relation to a...

QNB expansion plans to focus on global deals 03 Feb 2014 - 07:04 am

DOHA: International expansion is key for QNB Group’s future plans. The Group’s expansion plans for the next three years will refocus on global...

Malabar Gold & Jewellery opens in Barwa Village 03 Feb 2014 - 07:02 am

Sheikh Jasim bin Nasser Al Thani along with MP Ahamed – Chairman, Malabar Group, opening the Malabar Gold & Diamond’s newest branch in...

Tumbling rand boosts tourism 03 Feb 2014 - 07:01 am

Tourists take pictures from a viewing platform overlooking Cape Town’s Atlantic beachfront. South African policymakers have watched in horror as the rand has...

Qafac receives ISO27001 certification 03 Feb 2014 - 07:00 am

Nasser Jeham Al Kuwari (right) receiving the ISO 27001 certificate from Sarah Taylor. (Salim Matramkot) Doha: Qatar Fuel Additives Company Limited (Qafac) has...

MasterCard Inc profits dip 03 Feb 2014 - 06:59 am

MasterCard credit cards are seen in in London. MasterCard Inc posted a lower-than-expected quarterly profit and said its net revenue for the year...

Colombian flower exports 03 Feb 2014 - 06:58 am

Colombian growers select flowers for export before Valentine’s Day in a farm in Facatativa.

GCC petrochemicals set for export surge, says GPCA 03 Feb 2014 - 06:55 am

DOHA: The GCC petrochemical industry is set to record an increase in exports in 2014 due to the World Trade Organization’s Bali Package,...

Etihad closer to investment in Alitalia 03 Feb 2014 - 06:54 am

DUBAI: Etihad Airways and Alitalia are in the final phase of a due diligence process that may result in an investment by the...

Dana Gas fourth quarter profit rises 12 percent 03 Feb 2014 - 06:54 am

DUBAI: Dana Gas made a net profit of Dh128m ($34.9m) in the fourth quarter of 2013, up 12 percent from a year earlier,...

Mazaya Qatar and Mackeen Holding agree to merge 03 Feb 2014 - 06:53 am

Doha: Qatar Exchange (QE) listed firm Mazaya Qatar Real Estate Development Company and Mackeen Holding, a Qatari shareholding company, have announced their plan...

Arabtec bags $6.1bn building contract 03 Feb 2014 - 06:52 am

DUBAI: Dubai construction firm Arabtec clinched a $6.1bn contract yesterday, its biggest ever by value, as its relationship with Abu Dhabi state fund...

Investcorp eyes extended growth 03 Feb 2014 - 06:52 am

DUBAI: Bahrain-based investment company Investcorp expects 15-20 percent annual growth over the next five years, its chief financial officer said yesterday after reporting...

AT&T cuts prices for wireless data plan customers 03 Feb 2014 - 06:51 am

NEW YORK: AT&T Inc, the No. 2 US mobile provider, announced a price cut for customers who share large data plans in its...

Porsche Mideast sales rise by 26pc 03 Feb 2014 - 06:51 am

Dubai: Porsche Middle East and Africa FZE has revealed a record year of regional sales with figures up more than 26 percent compared...

Qatari bourse index adds 18.24 points 03 Feb 2014 - 06:50 am

Doha: Qatar Exchange index added 18.24 points, or 0.16 percent, to advance to 11,173.97 points from 11,155.73 on Thursday. The volume of the...

Peru gas project approved despite Indian concerns 03 Feb 2014 - 06:50 am

LIMA: The long-contested expansion of Peru’s main natural gas field has won final regulatory approval despite UN concerns that it could endanger Amazon...