Business

Kuwait’s GIH says three creditors reject $1.7bn restructuring plan 14 Nov 2012 - 07:30 am

KUWAIT: Kuwait’s Global Investment House (GIH) said yesterday that three of its creditors had failed to back a $1.7bn debt restructuring plan and...

Crescent Petroleum to enter Libya, Lebanon 14 Nov 2012 - 07:29 am

DUBAI: United Arab Emirates-based Crescent Petroleum is gearing up for expansion in the Iraqi oil and gas sector and a debut into Libya...

Qatari bourse index down 48.73 points 14 Nov 2012 - 07:29 am

Doha: Qatar Exchange was down yesterday 48.73 points or 0.57 percent to 8,445.61 points from the previous closing of 8,494.34. The volume of...

First Gulf Bank signs $900m loan deal 14 Nov 2012 - 07:27 am

DUBAI: First Gulf Bank, the second-largest lender by market value in the United Arab Emirates, has signed a three-year $900m loan with a...

Sony launches interchangeable lens cameras 14 Nov 2012 - 07:24 am

By Satish Kanady DUBAI: Sony, the leading consumer electronics and entertainment brand, has unveiled three of its latest cameras: the Alpha SLT-A99, the...

China sells jets, dabbles in Eastern Air revival 14 Nov 2012 - 07:22 am

ZHUHAI, China: China unveiled 50 new orders for its COMAC C919 passenger jet at the opening of the country’s main air show and...

Vodafone takes beating as EU slowdown bites 14 Nov 2012 - 07:22 am

LONDON: Vodafone wrote down the value of its business in Spain and Italy by £5.9bn ($9.4bn) and lowered its cash flow forecast as...

Bridges meet discusses progress in infrastructure 14 Nov 2012 - 07:22 am

Doha: To help mobilise the Gulf region’s plans for infrastructural advancement, a second series of lectures at the fifth annual ‘Bridges Middle East’...

UK vows strong action over gas market claims 14 Nov 2012 - 07:05 am

LONDON: The British government pledged yesterday to pursue firm action against anyone involved in manipulation of the country’s wholesale gas market, if recent...

Financial sector role in diversification stressed 13 Nov 2012 - 07:05 am

DOHA: Financial services have a major role to play in diversifying Qatar’s economy and the country has made good progress in that direction....

SocGen close to sale of Egypt arm to QNB 13 Nov 2012 - 07:04 am

DUBAI/PARIS: Societe Generale is nearing the sale of its majority stake in an Egyptian bank to Qatar National Bank (QNB), sources familiar with...

Brent slips as fiscal cliff fears offset Middle East tension 13 Nov 2012 - 07:03 am

NEW YORK: Brent crude prices slipped yesterday in choppy trading, as concerns about US fiscal problems offset tensions in the Middle East and...

CSRC seeks Qatar-China capital market consolidation 13 Nov 2012 - 07:01 am

Rashid bin Ali Al Mansoori (left) handing over a memento to Jiang Yang. DOHA: A top executive of China Securities Regulatory Commission (CSRC)...

Qatari bourse dips as investors cut positions 13 Nov 2012 - 07:01 am

Doha: Qatar’s benchmark dropped 0.4 percent to its lowest finish since October 14. A lack of catalysts as well as the global environment...

Gulf Standards panel for oil & gas industry holds workshop 13 Nov 2012 - 07:01 am

Doha: More than 70 experts and representatives from Qatar and other GCC countries attended the 14th Meeting and Workshop of the Gulf Standards...

Dolphin Energy awards Qatar gas plant deal to L&T 13 Nov 2012 - 07:00 am

ABU DHABI: UAE group Dolphin Energy has awarded a $250m contract to Indian group Larsen & Toubro to upgrade a gas plant in...

UK Buzzard oil field suffers another glitch 13 Nov 2012 - 07:00 am

LONDON: The Buzzard oil field suffered another production glitch on Saturday, a trade source said, frustrating traders and prompting one to say the...

Global Agenda Summit 13 Nov 2012 - 06:56 am

Sheikh Mohammed bin Rashid Al Maktoum (centre), Vice President and Prime Minister of the UAE and Ruler of Dubai, looks on during a...