Business

Draghi hails euro ‘relaunch’ at Davos 26 Jan 2013 - 12:56 am

DAVOS: The head of the European Central Bank said yesterday that the embattled euro had been relaunched but that more had to be...

Samsung Total revives deal to buy Iranian oil 26 Jan 2013 - 12:55 am

SINGAPORE/SEOUL: South Korea’s Samsung Total Petrochemicals Co has revived a contract to buy Iranian oil after a year’s hiatus, as thin margins in...

Oil majors face soaring security bill after attacks 26 Jan 2013 - 12:55 am

DAVOS: Oil executives are resigned to a rise in security costs which will be steep even for an industry used to working in...

Smartphone sales exploded in ’12: Surveys 26 Jan 2013 - 12:55 am

WASHINGTON: Global smartphone sales soared in 2012, taking a huge slice of a mobile market that was otherwise flat, surveys revealed yesterday. Research...

Qatar committed to safety: Al Sada 25 Jan 2013 - 05:39 am

Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada with other officials at the Opening of First Operational Safety...

Ukraine signs $10bn shale gas deal with Shell 25 Jan 2013 - 05:36 am

Eduard Stavitsky, Ukraine’s Fuel Minister, watches as Ukraine’s President Viktor Yanukovich (left) shakes hands with Peter Voser, CEO of Royal Dutch Shell (right),...

Doha to host IATA’s World Cargo Symposium 25 Jan 2013 - 05:36 am

DOHA: The International Air Transport Association’s (IATA) 7th World Cargo Symposium will be held here from March 12 to 14 at the Sheraton...

QE market cap edges up to QR475.52bn 25 Jan 2013 - 05:35 am

DOHA: Qatar’s main index showed marginal gains in the week that ended yesterday. The benchmark index rose 68.03 points, or 0.79 percent, to...

Major $21 trillion shale oil deposit found in Australia 25 Jan 2013 - 05:19 am

SYDNEY: Australian resources firm Linc Energy said it had uncovered a huge oil deposit in the nation’s vast outback in a discovery hailed...

Toyota, BMW sign agreement 25 Jan 2013 - 05:18 am

Toyota Motor Corp President Akio Toyoda (left) and BMW AG CEO Norbert Reithofer shaking hands during a press conference in Nagoya, central Japan....

European stock markets climb 25 Jan 2013 - 05:18 am

LONDON: European stock markets climbed yesterday and the euro gained against the dollar as traders welcomed positive economic data from China, the eurozone...

New jobless benefits claims drop in US 25 Jan 2013 - 05:17 am

WASHINGTON: US factory activity grew the most in nearly two years in January and the number of new claims for jobless benefits dropped...

Court of Appeal upholds decision to scrap merger of Salam companies 25 Jan 2013 - 05:17 am

DOHA: The Court of Appeal has upheld the lower court’s verdict to terminate the merger of a number of Salam International companies during...

Nokia posts profit in Q4, waives dividend 25 Jan 2013 - 05:16 am

HELSINKI: Nokia, once the world’s biggest mobile phone maker, yesterday posted a net profit of ¤202m ($269m) in the fourth quarter, its first...

Clear-cut definition of SMEs soon: CEO of EQ 24 Jan 2013 - 06:20 am

From left: Dr. Ilker Baybars, Dean Carnegie Mellon University Qatar; Raed Al Emadi, Chief Operating Officer, Silatech; Noora Al Mannai, Chief Executive Officer,...

Qtel launches 15 and 30-year dual-tranche bond 24 Jan 2013 - 06:19 am

LONDON: Qatar Telecom launched a $500m 15-year note at 215 basis points over 10-year US Treasuries, 35 bps inside initial guidance, IFR Markets,...

Palestinian banks weather crisis but govt debt is threat 24 Jan 2013 - 06:18 am

RAMALLAH: A central bank in the making, the Palestine Monetary Authority (PMA) is a rare bright spot as the economy of the Palestinian...

GCC investment company with HQ in Doha soon 24 Jan 2013 - 06:18 am

DOHA: The GCC Economic Forum has given its initial nod to set up a GCC investment company with headquarters in Doha after a...