Business

DOHA: Qatar Petroleum International (QPI) hopes to extend its new deal with Britain’s Centrica by acquiring more gas or tight oil resources across...

BRUSSELS: The European Commission yesterday said it carried out surprise inspections at several major oil companies over possible price fixing in breach of...

LONDON: Oil and gas group BG will focus on exploration, liquefied natural gas (LNG) and selling or partnering more of its discoveries as...

LONDON: Rising US shale oil production will help meet most of the world’s new oil demand in the next five years, even if...

Australian Prime Minister Julia Gillard watches as her Treasurer Wayne Swan delivers his budget speech to the House of Representatives in Canberra yesterday....

BRUSSELS/PARIS: France has secured backing from other EU member states for the exclusion of the movie and television industries from a proposed free-trade...

PARIS: Global economies are on the mend, but growth is likely to remain below trend in India, the OECD said yesterday. Looking at...

Workers erect an iron reinforcement column at a high rise office building under construction in Jakarta yesterday. Indonesia held its key interest rate...

DUBAI: Markets in the UAE hit new multi-year highs yesterday, delaying an expected bout of profit-taking as upbeat earnings added fuel to the...

DUBAI: Dubai’s non-oil trade jumped 16 percent in the first quarter and recovery in the emirate’s property sector will help keep the pace...

DUBAI: Five companies have submitted applications for virtual telecom licences in Saudi Arabia including Virgin Mobile Middle East & Africa (VMMEA). VMMEA —...

MOSCOW: President Vladimir Putin threw his weight behind a drive to fuel more Russian vehicles with cleaner-burning and cheaper natural gas yesterday, saying...

  DUBAI: Dana Gas made a net profit of Dh241m ($66m) in the first quarter, with $135m raised from selling shares in Hungary's MOL...

Former International Monetary Fund chief Dominique Strauss-Kahn with South Sudan's Central Bank Governor Kornelio Mayik during the opening of National Credit Bank in...

PARIS: European aerospace giant EADS reported a near doubling of first-quarter net profit yesterday, boosted by a strong performance by its main subsidiary...

RIO DE JANEIRO: Brazilian oil group Petrobas yesterday said that it had raised $11bn on the corporate bond market, marking a record high...

MUMBAI: Shares in Ranbaxy climbed yesterday after US authorities slapped a $500m fine on India’s biggest drug-maker to settle a lengthy lawsuit over...

BRUSSELS: Credit-card giant Visa has agreed to cut some of its inter-bank fees, by up to 60 percent, to meet EU anti-trust concerns,...