Business

UAE marine firm signs $2.4bn deals 04 Apr 2013 - 01:41 am

Abu Dhabi: Abu Dhabi Marine Operating Company (ADMA-OPCO) has signed two Engineering, Procurement and Construction (EPC) contracts valued at around $2.4bn for the...

Tunisia inflation at 5-year high 04 Apr 2013 - 01:39 am

TUNIS: Tunisia’s consumer price inflation jumped to 6.5 percent in March, the highest rate in at least five years, from 5.8 percent in...

Qatar’s spending could fall after 2017 03 Apr 2013 - 12:45 am

The Minister of Economy and Finance H E Yousuf Hussein Kamal at the Arab Finance Ministers summit in Dubai, yesterday. DUBAI: The government...

Muntajat reaches another milestone 03 Apr 2013 - 12:43 am

From left: The Minister of Energy and Industry and Chairman of the Board of Directors of Muntajat H E Dr Mohammed bin Saleh...

Barwa Group’s key projects in final stages 03 Apr 2013 - 12:42 am

The Chairman of Barwa Real Estate Group Hitmi bin Ali Al Hitmi (centre) addressing the ordinary general meeting of the Group. Abdul Basit...

Higher spending fails to lift Qatari equities 03 Apr 2013 - 12:10 am

DOHA: Higher allocations for public spending, particularly on infrastructure development projects, in the budgetary estimates unveiled for the current financial year (2013-14) last...

RasGas opens hi-tech warehouse at Ras Laffan 03 Apr 2013 - 12:00 am

Officials of RasGas during the opening ceremony of the state-of-the-art warehouse at its Ras Laffan premises. Doha: RasGas Company Limited (RasGas) recently opened...

Dubai’s bourse recovers after 2-month slump 02 Apr 2013 - 11:59 pm

DUBAI: Dubai’s index rebounded from a two-month low yesterday, although thin trading left investors unsure whether these gains marked the end of a...

Cb selects two banks for bond sale 02 Apr 2013 - 11:59 pm

DUBAI: Commercialbank of Qatar (Cb), which is buying a majority stake in Turkish lender Alternatifbank, has picked two banks for a potential bond...

Banks may earn lower yields in Q1 02 Apr 2013 - 11:58 pm

By Satish Kanady DOHA: Weighed down by heavy lending to government-supported projects, Qatari banks are likely to earn lower yields during the first...

Bankrupt French refinery gets two bids 02 Apr 2013 - 11:57 pm

The Petroplus oil refinery in Petit-Couronne, which is threatened with closure. ROUEN, France: Bankruptcy administrators for the Petroplus oil refinery in Normandy have...

UK launches new financial regulators 02 Apr 2013 - 11:56 pm

LONDON: Britain launched its new system of financial supervision yesterday, hoping that two new regulators will succeed where a single one failed in...

Damac plans share listing 02 Apr 2013 - 11:56 pm

DUBAI: Damac Properties, a privately-held Dubai developer, is considering listing its shares on the stock market and has approached banks with proposals for...

Egypt’s foreign reserves slightly lower in March 02 Apr 2013 - 11:56 pm

DUBAI: Egypt’s Central Bank governor yesterday said that foreign exchange reserves had fallen slightly in March from February’s level of $13.5bn. Governor Hisham...

Cypriot finance minister steps down 02 Apr 2013 - 11:54 pm

NICOSIA: Finance Minister Michalis Sarris resigned yesterday, hours after a judicial probe was launched into how Cyprus was pushed to the verge of...

Japan to start LNG futures contract 02 Apr 2013 - 11:54 pm

Tokyo: Japan is preparing to create the world’s first futures trading contract for liquefied natural gas in a bid to stabilise the commodity’s...

Qatar wants stable gas price: PM 02 Apr 2013 - 06:20 am

The Prime Minister and Foreign Minister H E Sheikh Hamad bin Jassem bin Jabor Al Thani addressing the Brookings Doha Energy Forum yesterday....

Budget evokes mixed response 02 Apr 2013 - 06:19 am

Ahmed Al Khalaf DOHA: The budgetary estimates for the current fiscal year (2013-14) with increased public spending, that were unveiled yesterday, have evoked...