Business

Saudi Savola’s Q4 net down 17pc 17 Jan 2013 - 03:47 am

JEDDAH: Savola Group, the Saudi-based food conglomerate, posted a 17 percent drop in fourth-quarter net profit, missing analysts’ forecasts, mainly due to a...

Iraq approves Samsung’s $879m oilfield contract 17 Jan 2013 - 03:46 am

BAGHDAD: Iraq’s cabinet approved an $879m oilfield service contract with Samsung Engineering for the development of the Badra oil field, the cabinet said...

Anti-money laundering meet opens 16 Jan 2013 - 01:11 am

From left: Andre Dubois, Ambassador of Canada to Qatar, Sheikh Fahad bin Faisal Al Thani, Deputy Governor and Chairman of National Anti-Money Laundering...

Qatari banks ‘over-exposed’ to realty sector 16 Jan 2013 - 01:10 am

By Satish Kanady DOHA: The rising real estate exposure is raising concerns about Qatari banks. Qatar’s banking sector has large exposure towards real...

Qatar ‘committed to sustainable growth’ 16 Jan 2013 - 01:09 am

Doha: Qatar yesterday reiterated its commitment to sustainable growth. This came as the Minister of Energy and Industry, H E Dr Mohammed bin...

EQ launches contract, partnership exchange portal 16 Jan 2013 - 01:08 am

DOHA: Enterprise Qatar (EQ), the organisation tasked with promoting entrepreneurship and good business, yesterday announced the launch of its ‘SPX Portal’, the first...

Clean energy a top priority, says minister 16 Jan 2013 - 01:08 am

DOHA: The Minister of Energy and Industry and Chairman & Managing Director of Qatar Petroleum H E Dr Mohammed bin Saleh Al Sada...

Oil price steadies below $112 16 Jan 2013 - 01:07 am

LONDON: Brent crude oil steadied under $112 per barrel yesterday on optimism that the eurozone economy may finally be stabilising and that US...

Bourses across the Gulf end in red 16 Jan 2013 - 01:06 am

Jordanian dealers monitor price movements at the investors’ gallery of the Amman Stock Exchange, yesterday. DUBAI: Saudi Arabia’s banks dragged down the bourse...

Cb makes key senior management appointments 16 Jan 2013 - 12:49 am

Group CEO of Commercialbank Andrew Stevens with the new senior managers of the bank. Doha: Commercialbank (Cb) has made five key senior management...

Saudi sets deadline for telecom licence bids 16 Jan 2013 - 12:49 am

DUBAI: Saudi Arabia’s telecoms regulator has a set a May 4 deadline for companies to submit applications for three mobile virtual network operator...

Investcorp sells CCC Information Services 16 Jan 2013 - 12:48 am

DUBAI: Investcorp, one of the Middle East’s largest private equity houses, has sold CCC Information Services to US-headquartered Leonard Green & Partners, the...

Qatar Airways denies talks to buy India’s SpiceJet stake 16 Jan 2013 - 12:47 am

NEW DELHI/DOHA: Qatar Airways is not interested in buying a stake in Indian budget carrier SpiceJet Ltd or any other Indian airline, its...

QIB launches scheme to help SMEs 16 Jan 2013 - 12:47 am

QIB’s acting CEO Ahmad Meshari at the launch of the Aamaly programme at Four Seasons Hotel yesterday.Kammutty VP BY MOHAMMAD SHOEB DOHA: Qatar...

Russian car sales flat 16 Jan 2013 - 12:46 am

An employee drives a new car onto a transporter at the Hyundai factory outside St Petersburg, yesterday. Russian car sales are expected to...

Indian loophole helps Iran bolster oil exports 16 Jan 2013 - 12:45 am

NEW DELHI: A loophole in an Indian insurance scheme has allowed Iran’s state-run tanker company NITC to bolster oil exports by chartering a...

Shell empowers students on last day of GTL meet 16 Jan 2013 - 12:45 am

DOHA: As the three-day World GTL Congress wrapped up here yesterday, more than a dozen students from various universities across Qatar seized the...

Big oil firms show interest in UK shale gas partnerships 16 Jan 2013 - 12:45 am

LONDON: British exploration firm IGas Energy has received interest from some of the oil industry’s biggest names to look for shale gas in...