Business

Barwa to unveil several projects 23 May 2013 - 02:49 am

DOHA: Barwa Real Estate Group has announced plans to unveil several projects at Cityscape Qatar 2013. Barwa Real Estate Group’s CEO, Abdulla Abdulaziz...

QPI and Total sign pact for Congo project 23 May 2013 - 02:46 am

Doha: Qatar Petroleum International (QPI) and Total announced the signing of a framework of agreement whereby QPI will participate in Total E&P Congo...

Mercedes-Audi cost gap 23 May 2013 - 02:42 am

Mercedes-Benz cars are displayed at a dealership of German car manufacturer Daimler in Munich. How many Mercedes staff does it take to sell...

IMF calls on Britain to spend more 23 May 2013 - 02:41 am

LONDON: Britain’s government should spend more now to fund investment and steer its economy back to recovery, the International Monetary Fund said yesterday,...

Total Research Centre holds training for engineers 23 May 2013 - 02:40 am

DOHA: Total Research Centre Qatar (TRC-Q) recently conducted a one-day training programme for all engineers and researchers on the topic of solar energy...

Sri Lanka to restart refinery with Oman light crude 23 May 2013 - 02:40 am

COLOMBO: Sri Lanka’s sole refinery, which was closed last week due to a delayed crude oil delivery, will resume operations in two days...

Lloyds not to issue equity to raise capital 23 May 2013 - 02:39 am

LONDON: State-backed Lloyds Banking Group said it would not need to issue new equity or specialist debt in order to meet capital demands...

Enterprise Qatar launches training programme for entrepreneurs 23 May 2013 - 02:38 am

A group of trainees attending the Core Skills Programme. DOHA: Enterprise Qatar (EQ), an arm of the Ministry of Business and Trade, has...

Dubai faces billions of maturing debt 23 May 2013 - 02:37 am

DUBAI: As debt-laden Dubai’s economic recovery continues, with grandiose projects making a comeback, the emirate faces some near-term maturity of debt racked up...

Egypt keeps currency price steady at auction 23 May 2013 - 02:37 am

CAIRO: Egypt’s central bank kept the price of the country’s currency steady against the dollar at a special $800m foreign exchange auction yesterday,...

IDB triples authorised capital 23 May 2013 - 02:36 am

DUBAI: Islamic Development Bank, which provides financing and loans in Muslim countries, has more than tripled its authorised capital to $150bn to better...

India’s April oil imports from Iran drop 34.2pc 23 May 2013 - 02:36 am

NEW DELHI: India’s oil imports from Iran fell 34.2 percent in April from March, data from trade sources showed yesterday, bolstering the country’s...

Sudan sugar exports 23 May 2013 - 02:35 am

Employees pack refined sugar at Kenana Sugar Company’s main plant, 270km south of Khartoum, yesterday. Next year, the management hopes the plant will...

BP to invest $2.85bn in Iraq’s largest oil field 23 May 2013 - 02:34 am

BASRA: Oil major BP has allocated $2.85bn to develop Iraq’s Rumaila oil field in 2013, up from $2.2bn last year, the head of...

Qatar Exchange index adds 48.95 points 23 May 2013 - 02:33 am

Doha: Qatar Exchange index was bullish yesterday adding 48.95 points or 0.54 percent to advance to 9,085.90 points from 9,036.95 on Tuesday. The...

Slow progress of projects puts Kuwait stock boom at risk 23 May 2013 - 02:32 am

DUBAI: Kuwait’s stock market boom could run out of steam if the government doesn’t push ahead soon with long-delayed infrastructure projects aimed at...

L&T looks overseas to offset weak economy 23 May 2013 - 02:31 am

NEW DELHI/MUMBAI: Larsen and Toubro Ltd , India’s largest engineering and construction group, will look overseas to offset a weak economy and project...

Carrefour to divest 25pc stake in Middle East venture 23 May 2013 - 02:31 am

DUBAI: Carrefour, Europe’s largest retailer, is in advanced talks to divest its remaining 25-percent stake in its Middle Eastern joint venture to local...