Business

Qatari bourse index down a tad 22 Oct 2012 - 04:36 am

Doha: Qatar Exchange ended slightly down by 3.93 points or 0.05 percent to 8,538.21 points yesterday from the previous closing of 8,542.14. Among...

Saudi Aramco chooses builders of Jizan refinery 22 Oct 2012 - 04:36 am

DUBAI: Saudi Aramco, the world’s biggest oil producer, said yesterday that it had chosen Asian and European contractors to build the Jizan oil...

Nakheel profit nearly doubles 22 Oct 2012 - 04:35 am

DUBAI: Dubai’s indebted property developer Nakheel said yesterday that net profit for the first nine months of the year nearly doubled, helped by...

Egypt bourse plans alliance with Turkey 22 Oct 2012 - 04:35 am

CAIRO: Egypt’s bourse is studying an alliance with the Istanbul Stock Exchange that would allow investors in the two countries to trade on...

BP, Rosneft set for $25bn-plus TNK-BP deal 22 Oct 2012 - 04:35 am

LONDON/MOSCOW: Rosneft and BP are preparing to announce a deal worth over $25bn that could give the British oil company a stake of...

Qatar plans centre for industrial subcontracting and partnership 22 Oct 2012 - 04:34 am

DOHA: Enterprise Qatar (EQ) announced that its board of directors has approved the establishment of Qatar centre for industrial subcontracting and partnership, following...

Fujitsu water-proof tablet PC 21 Oct 2012 - 06:13 am

A Fujitsu officer demonstrates the company’s latest Windows 8 water-proof tablet PC, “Arrows Tab Wi-Fi QH55/J” during Fujitsu’s Windows 8 PC press preview...

Qatar leads GCC in money supply growth 21 Oct 2012 - 06:12 am

DOHA: Qatar recorded the highest broad money supply growth in the region in 2011 and during the first eight months of 2012. The...

Islamic banking market in Qatar worth $35bn: IIF 21 Oct 2012 - 06:12 am

DOHA: The size of Islamic banking market in Qatar is worth $35bn. The sector accounts for an estimated 19.3 percent of the country’s...

Apple opens biggest Asian store in Beijing 21 Oct 2012 - 06:11 am

BEIJING: Apple yesterday opened its biggest Asian store yet in Beijing, with hordes of shoppers descending on the three-floor complex that highlights the...

Qatar’s banking sector tops Mena Tier 1 growth 21 Oct 2012 - 06:11 am

DOHA: Qatari banking sector is leading the way in the Middle East’s Tier 1 growth. A top ‘Arab banks ranking’ conducted by the...

Saudi Telecom Q3 profit up 25pc 21 Oct 2012 - 06:11 am

RIYADH: Saudi Telecom Co (STC) reported a 25 percent jump in third-quarter profit, missing market expectations. The increase in net profit was because...

Commodity prices retreat on economic strains 21 Oct 2012 - 06:10 am

LONDON: Commodity prices mainly retreated this week, pressured by a tough economic climate highlighted in part by weakening growth in the world’s second...

$5.2bn Petronas bid for Progress Energy blocked 21 Oct 2012 - 06:10 am

TORONTO/KUALA LUMPUR: Canada has blocked Malaysian state oil firm Petronas’ C$5.17bn ($5.2bn) bid for gas producer Progress Energy Resources in a surprise move...

Wall Street investors face earnings blitz with dread 21 Oct 2012 - 06:09 am

NEW YORK: US earnings started the quarter on the wrong foot, and things have only gotten worse. Expectations for the third quarter were...

Alcatel-Lucent to cut 5,490 jobs 20 Oct 2012 - 04:10 am

Employees of Alcatel-Lucent take part in a general assembly in front of their company in Velizy-Villacoublay, Paris, yesterday. Alcatel-Lucent has informed unions that...

Europe agrees to centralised bank regulator 20 Oct 2012 - 04:09 am

BRUSSELS: European leaders agreed yesterday to police thousands of eurozone banks from next year as they sought to boost growth in their austerity-battered...

New Saudi refinery to start diesel exports by second quarter in 2013 20 Oct 2012 - 04:09 am

SINGAPORE: A new refinery in Saudi Arabia that is a joint venture of Saudi Aramco and France’s Total is likely to start diesel...