Business

Shale oil boom fuels Argentina’s dreams 13 Oct 2013 - 12:50 am

BUENOS AIRES: Argentina is investing heavily in shale oil, hoping to ride it to energy self-sufficiency and end dependence on imports that cost...

Qatargas hosts Contractors Forum 12 Oct 2013 - 07:24 am

Qatargas contractors and officials during the forum. Doha: Qatargas hosted for the first time a Contractors Forum at the Hilton Hotel in Doha....

Alitalia bailout plan not enough: Critics 12 Oct 2013 - 07:18 am

An Alitalia plane takes off from Fiumicino airport near Rome yesterday. ROME: Italy’s government drew fire yesterday after stitching together an emergency bailout...

US to overtake Russia as top oil producer 12 Oct 2013 - 07:18 am

LONDON: The United States will become the world’s largest oil producer next year — overtaking Russia — thanks to its shale oil boom...

French court rejects plea against hydro fracking law 12 Oct 2013 - 07:17 am

PARIS: France’s constitutional council rejected yesterday a challenge to a law banning hydraulic fracturing for exploration and production of the country’s shale gas...

Tanzania rejects proposal for offshore LNG terminals 12 Oct 2013 - 07:16 am

DAR ES SALAAM: Tanzania, which is sitting on natural gas reserves estimated at double Europe’s annual demand, wants the country’s future liquefied natural...

Legal wrangles eat into profits of JPMorgan 12 Oct 2013 - 07:11 am

New York: JPMorgan Chase & Co yesterday posted its first quarterly loss under Chairman and CEO Jamie Dimon after a tangle of legal...

India sells 30,000 tonnes of wheat to UAE 12 Oct 2013 - 07:10 am

SINGAPORE: India has sold 30,000 tonnes of milling wheat to the United Arab Emirates, its first private deal since late August as tightening...

Toyota unveils cars with auto pilot system 12 Oct 2013 - 07:10 am

TOKYO: Toyota yesterday unveiled the next generation of cars featuring an auto pilot system that will swerve to avoid collisions and also keep...

Strong Royal Mail market debut fuels debate over price 12 Oct 2013 - 04:53 am

Model post boxes in a souvenir shop in central London, yesterday. Share prices in Britain’s Royal Mail soared by more than a third,...

Al Sada meets Kenyan minister 11 Oct 2013 - 06:59 am

The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada with Davis Chirchir, Minister of Energy of Kenya, in...

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...