Business

Freezing Kyrgyzstan to sell gas firm to Gazprom 24 Dec 2012 - 10:19 pm

BISHKEK: Kyrgyzstan will sell its state gas company to Russia’s Gazprom early next year, to ease a crippling energy crisis, its president said...

London Stock Exchange cuts LCH.Clearnet offer by a quarter 24 Dec 2012 - 10:19 pm

LONDON: The London Stock Exchange cut its offer for a majority stake in transatlantic clearing house LCH.Clearnet by a quarter to ¤366m ($482m)...

Iran warns of cancelling $5bn China gas deal 24 Dec 2012 - 10:18 pm

TEHRAN: Iran has warned China it could cancel a much-delayed $5bn offshore gas exploration contract in the Gulf, a news agency said yesterday....

Lukoil says ‘no’ to Iraq’s West Qurna-1 24 Dec 2012 - 10:18 pm

MOSCOW: Russia’s second-largest crude producer Lukoil said yesterday it had decided not to join the development of Iraq’s West Qurna-1 oilfield, citing high...

Single firm launched to market petrochemicals 24 Dec 2012 - 10:10 am

The Minister of Energy and Industry and Chairman of the Muntajat H E Dr Mohammed bin Saleh Al Sada (centre) at a press...

IQ to merge marketing activities with Muntajat 24 Dec 2012 - 10:09 am

DOHA: Industries Qatar (“IQ” ), one of the region’s industrial giants with interests in the production, distribution and sale of a wide range...

GECF marks fourth anniversary 24 Dec 2012 - 10:08 am

Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada and General Secretary of Gas Exporting Countries Forum (GECF) Leonid...

Economic outlook lifts ’13 growth forecast 24 Dec 2012 - 10:08 am

DOHA: Qatar has raised its forecast for economic growth and inflation for 2013 saying its growth will help push real gross domestic product...

Qatar Exchange index loses 19.62 points 24 Dec 2012 - 10:07 am

Doha: Qatar Exchange index lost 19.62 points or 0.23 yesterday to hit 8,422.89 points from the previous closing of 8,442.51 points. The volume...

Majid Al Futtaim eyes Egypt’s supermarket chain 24 Dec 2012 - 10:07 am

DUBAI: Dubai’s Majid Al Futtaim (MAF), is in talks with Egypt’s Mansour Group, owned by billionaire Mohammed Mansour, to buy its supermarket business...

QP renews membership in INJAZ board of directors 24 Dec 2012 - 10:06 am

DOHA: Qatar Petroleum (QP) has renewed its membership in the Board of Directors of INJAZ Qatar by handing over a cheque representing its...

Mexico catches up as Brazil boom falters 24 Dec 2012 - 10:05 am

MONTEVIDEO: 2012 has been a study in contrasts as far as Latin America’s two biggest economies, Brazil and Mexico, are concerned. Brazil, which...

War nostalgia no cure for Vietnam economy woes 24 Dec 2012 - 10:05 am

HANOI: Posters of US bombers crashing in flames festoon Hanoi to mark another anniversary in a long-finished war. But behind the usual propaganda...

Obama calls for scaled-back ‘fiscal cliff’ package 23 Dec 2012 - 07:11 am

US President Barack Obama speaks about the ‘fiscal cliff’ in the briefing room of the White House in Washington. WASHINGTON: Democrat and Republican...

GECF plans financial institution 23 Dec 2012 - 07:09 am

DOHA: The ensuing second summit of Gas Exporting Countries Forum (GECF) in Russia will discuss the launch of a financial institution to exclusively...

EC to give Spain, France more time to cut deficit: Report 23 Dec 2012 - 07:08 am

MADRID: The European Commission (EC) will propose giving Spain, France and several other eurozone states more time to cut their public deficits below...

Judge clears BP’s $7.8bn settlement in US oil spill 23 Dec 2012 - 07:08 am

WASHINGTON: British oil giant BP won approval from a US federal judge of a $7.8bn settlement with people and businesses who lost money...

EU progress on banking, fiscal union slow 23 Dec 2012 - 07:07 am

Doha: A meeting of European finance ministers on December 13 yielded agreement on an initial step towards a centralised banking union and approved...