Business

BP agrees to pay over $4.5bn in US fines for oil spill 16 Nov 2012 - 01:34 am

LONDON: British energy giant BP said yesterday that it had agreed to pay more than $4.5bn in US fines related to the devastating...

Policymakers at odds over Greek debt fix 16 Nov 2012 - 01:33 am

HELSINKI/BRUSSELS: The European Union’s top economic official sought to rule out any write-off of Greece’s debt to governments yesterday after a European central...

Qtel taps banks for $1bn loan 16 Nov 2012 - 01:32 am

LONDON: State-owned operator Qatar Telecom (Qtel) has sent out requests for proposals (RFPs) to banks for a syndicated loan of up to $1bn,...

Gold demand down 11pc: WGC 16 Nov 2012 - 01:31 am

MUMBAI: Global demand for gold fell 11 percent in the third quarter on an annual basis, as buying in key market China dipped...

Sandy boosts US jobless claims, hits factories 16 Nov 2012 - 01:31 am

WASHINGTON: Superstorm Sandy drove a surge in new claims for US jobless benefits last week and weighed on factory activity in November, providing...

Fragile recovery of Arab economies at risk, says IMF 16 Nov 2012 - 01:30 am

TUNIS: The Arab world is facing a number of major challenges that risk undermining fragile gains made in the past 18 months, especially...

Qatar Petroleum, Total sign pact 15 Nov 2012 - 08:11 am

H E Dr Mohammed bin Saleh Al Sada and Yves-Louis Darricarrere exchange documents during the signing ceremony. DOHA: The Minister of Energy and...

Woqod MD ranks No.3 in Forbes list of region’s top executives 15 Nov 2012 - 08:09 am

Mohamed Turki Al Sobai receiving the award from the Minister of Water and Environment in the UAE. Doha: The world’s leading business and...

QIIC gets Baa2 rating from Moody’s 15 Nov 2012 - 08:08 am

DOHA: Moody’s Investors Service has assigned a Baa2 insurance financial strength rating (IFSR) to the Qatar Islamic Insurance Company (QIIC). The rating outlook...

Saudi Aramco inks deals for 400,000b/d Jizan plant 15 Nov 2012 - 08:08 am

KHOBAR: Saudi Aramco, the world’s biggest oil producer, signed deals yesterday worth an estimated $6bn to build a refinery in the impoverished region...

Vodafone extends management agreement 15 Nov 2012 - 08:04 am

Richard Daly (right) addressing the media after announcing the results as Khalid Barzak, Investor Relations Manager, Vodafone Qatar, looks on. DOHA: The management...

Vodafone Qatar revenue grows by 18 percent 15 Nov 2012 - 08:00 am

by Satish Kanady DOHA: Driven by a combination of continued customer growth and strong average revenue per user (ARPU), Vodafone Qatar’s revenue grew...

UK stuck with high inflation, meagre growth 15 Nov 2012 - 07:59 am

LONDON: Britain faces years of meagre economic growth coupled with rising prices, the Bank of England warned yesterday, adding that its ability to...

Fitch raises Ireland sovereign debt rating to stable 15 Nov 2012 - 07:59 am

DUBLIN: Fitch raised its outlook for Ireland’s sovereign debt rating yesterday, citing the government’s success in cutting the budget without slowing economic growth...

Qatari bourse index adds 20.45 points 15 Nov 2012 - 07:57 am

Doha: Qatar Exchange ended its losing streak yesterday adding 20.45 points or 0.24 percent to advance to 8,466.06 points from 8,445.61 on Tuesday. ...

High yields are last hope for Bahrain stocks 15 Nov 2012 - 07:57 am

DUBAI: Bahrain’s stock market is the worst-performing in the region this year, but it has a major attraction: ultra-high dividend yields. Unfortunately, the...

Row over terms halts Iran-Turkmen gas supply 15 Nov 2012 - 07:55 am

DUBAI: Supplies of gas from Turkmenistan to Iran have been halted due to a dispute over purchasing terms, Iranian Oil Minister Rostam Qasemi...

Facebook stocks jump 15 Nov 2012 - 07:55 am

SAN FRANCISCO: Shares of Facebook Inc jumped as much as 11.2 percent yesterday, even as the biggest block of shares held by insiders...