Business

Al Khaliji announces pricing of $500m issuance 11 Oct 2013 - 06:58 am

DOHA: Al Khalij Commercial Bank (al khaliji), rated A- by Fitch with stable outlook, has announced the successful pricing of its debut $500m...

Strong growth for UDC in third quarter 11 Oct 2013 - 06:56 am

Turki Muhammad Al Khatir & Ebrahim Al Sulaiti DOHA: United Development Company (UDC) recorded a net profit of QR577.9m for the third quarter...

Opec trims demand forecast for its oil 11 Oct 2013 - 06:56 am

LONDON: Opec further lowered the forecast demand for its crude in the fourth quarter and 2014, and said its production remained higher than...

GWC’s net profit rises to QR74.8m 11 Oct 2013 - 06:56 am

Doha: Gulf Warehousing Company (GWC), a public joint stock company, revealed a net profit of QR74.8m for the nine months period ended September...

Iraq inks $6bn refinery deal 11 Oct 2013 - 06:53 am

BAGHDAD: Iraq yesterday signed a $6bn deal for the construction and operation of an oil refinery with a capacity of 150,000 barrels per...

Dubai property boom stirs fears of bubble 11 Oct 2013 - 06:53 am

DUBAI: Dubai’s property sector is making a strong comeback five years after prices in the emirate nose dived, but a surge in demand...

Royal Mail valued at £3.3bn for London IPO: Govt 11 Oct 2013 - 06:52 am

LONDON: Britain’s Royal Mail will be valued at £3.3bn ($5.3bn) when it launches on the stock market in a controversial part-privatisation, the government...

European markets soar; Dow up 11 Oct 2013 - 06:52 am

LONDON: European stock markets soared yesterday as traders reacted strongly to signs of a deal in Washington to avoid a dilapidating US debt...

Aeroflot unveils ‘nice flight’ budget airline 11 Oct 2013 - 06:50 am

MOSCOW: Russia’s Soviet-era flag carrier Aeroflot unveiled its own budget airline yesterday that will have no reclining seats or business class while promising...

Shale no threat to conventional energy: Attiyah 10 Oct 2013 - 02:15 am

H E Abdullah bin Hamad Al Attiyah addressing the Gobal Clean Energy Forum. Above and Below: Expert panellists discussing energy issues at the...

Expert calls for commitment to climate 10 Oct 2013 - 02:14 am

DOHA: Despite making incredible progress in terms of science and technology, economy and politics, the world is still clinging on its finger tips...

Debts to stabilise but countries still vulnerable, says IMF 10 Oct 2013 - 02:13 am

WASHINGTON: Advanced economies are cutting fiscal deficits at the fastest pace since 2011 and are on track to have debt stabilise in the...

Qatargas and E.ON sign five-year SPA 10 Oct 2013 - 01:18 am

H E Dr Mohammed bin Saleh Al Sada (right) and Christopher Delbrück signing the agreement. DOHA: Qatar Liquefied Gas Company Limited (4) (Qatargas...

Turkey targets credit cards to cut current account gap 10 Oct 2013 - 01:14 am

ISTANBUL: Turkey introduced measures yesterday to try to control rampant consumer loan growth and lift its domestic savings rate from historic lows, another...

Doha Carbon & Energy Forum to begin on November 11 10 Oct 2013 - 01:13 am

Doha: The Doha Carbon & Energy Forum’s steering committee (DCEF) has announced the 2013 DCEF forum will be held in Qatar from November...

Fifth Middle East district cooling summit from November 26 10 Oct 2013 - 01:13 am

Doha: Under the patronage of the Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada, the 5th Annual Middle...

Spanish bank to cut over 2,000 jobs 10 Oct 2013 - 01:13 am

MADRID: Spain’s nationalised lender CatalunyaCaixa said yetserday it had reached an agreement with unions to cut nearly a third of its workforce under...

OMV to stay in Libya despite production loss 10 Oct 2013 - 01:12 am

VIENNA: Austrian oil and gas group OMV is committed to Libya despite conflict that has disrupted production and caused some oil majors to...