Business

Oman slams subsidies in Gulf countries 11 Nov 2013 - 09:46 am

ABU DHABI: Subsidised petrol and electricity programmes are causing a huge waste of energy across the Gulf and threatening economies, Oman’s oil and...

Libya to face budget woes over strikes 11 Nov 2013 - 09:45 am

TRIPOLI: Libya may find it difficult to cover its budget expenditure from next month and could lose Italy as a gas and oil...

Kashagan oilfield will not restart soon: Total CEO 11 Nov 2013 - 09:45 am

ABU DHABI: Kazakhstan’s giant Kashagan oilfield will not be able to restart production before the end of 2013, said the chief executive of...

TAQA in $240m deal to sell Dutch pipeline stake 11 Nov 2013 - 09:45 am

DUBAI: Abu Dhabi National Energy Co (TAQA) is selling its 40 percent stake in a Dutch natural gas pipeline to a Danish pension...

France to postpone contested new truck tax by six months 11 Nov 2013 - 09:44 am

PARIS: The French government plans to defer by six months the introduction of a new levy on heavy trucks at the heart of...

Alitalia has other options than Air France: Minister 11 Nov 2013 - 09:44 am

ROME: Italy’s troubled flag-carrier Alitalia has the option to tie up with another partner if talks with shareholder Air France-KLM over its recapitalisation...

France to borrow €4.5bn to settle Credit Lyonnais debt 11 Nov 2013 - 09:44 am

PARIS: France will borrow ¤4.5bn ($6.01bn) by the end of the year to settle debts from the collapse of Credit Lyonnais bank, a...

Nokia’s rapid fall a lesson to businesses 11 Nov 2013 - 09:43 am

HELSINKI: In just five years Nokia fell from dominating the mobile phone industry to abandoning the handset business, a swift fall from grace...

Energy experts to meet in Doha today 11 Nov 2013 - 02:39 am

Al Shaheen platform operated by Maersk Oil is one of the most complex offshore oilfields in the world. Doha: Experts in the energy...

Boeing to break ground on South Carolina facility on Tuesday 10 Nov 2013 - 07:06 am

A Boeing 787 sits on the assembly line at the company’s operations in Everett, Washington. CHARLESTON, South Carolina: Boeing Co said it would...

Qatar to emerge as major centre for Islamic finance 10 Nov 2013 - 07:06 am

DOHA: The size of Qatar’s Shariah-compliant banking is expected to grow to over $100bn (QR365bn) by 2017. And, given the rising global demand...

China opens key meeting to set economic reform agenda 10 Nov 2013 - 07:05 am

BEIJING: Chinese leaders began a four-day secret meeting yesterday to set a reform agenda for the next decade as they try to push...

GCC inflation remains in check: QNB report 10 Nov 2013 - 07:05 am

Doha: GCC inflation continues to remain in check thanks in part to lower international food prices, and should not act as a break...

Irish central bank probes RSA regulatory issue 10 Nov 2013 - 07:05 am

DUBLIN: Ireland’s central bank is investigating a potential regulatory issue after RSA Insurance suspended the chief executive and two other senior managers of...

IOC sees slight delay in Paradip refinery start up 10 Nov 2013 - 07:04 am

NEW DELHI: Indian Oil Corp aims to start its 300,000-barrels-per-day Paradip refinery by April-May instead of March as cyclone Phailin caused a labour...

QNB rated number 3 Arab Bank; number 1 in Qatar 10 Nov 2013 - 07:04 am

NEW YORK: Qatar National Bank (QNB) has been named once again as one of the World’s 50 safest banks in the emerging markets,...

Ethiopian Airlines’ 777-300ER arrives 10 Nov 2013 - 07:03 am

Ethiopian Airlines’ newly-acquired Boeing 777-300ER aircraft, with a seating capacity of 400 passengers, arrives at the Bole International Airport in Capital Addis Ababa.

SAC Capital pleads guilty in $1.8bn deal 10 Nov 2013 - 07:03 am

NEW YORK: SAC Capital Advisers pleaded guilty to criminal fraud charges, satisfying a deal with the government that requires the Connecticut-based hedge fund...