Business

Saudi Aramco plans record rig count for gas 23 Jan 2013 - 07:10 am

KHOBAR: Saudi Aramco plans use a record number of rigs this year, more than 170, to search for unconventional gas while drilling for...

Batelco profit slumps 23 Jan 2013 - 07:10 am

DUBAI: Bahrain Telecomm-unications Co reported a 10th profit drop in 11 quarters yesterday as domestic competition and one-off charges from a cost-cutting programme...

Barzan project to go on stream next year 22 Jan 2013 - 04:10 am

The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada visiting an exhibition stall at the Offshore Middle East...

Attiyah to receive top MEED Award 22 Jan 2013 - 04:10 am

Doha: The Chairman of the Administrative Control and Transparency Authority H E Abdullah bin Hamad Al Attiyah will be presented with the MEED...

Pvt sector to get major slice of projects 22 Jan 2013 - 04:09 am

The Minister of Economy and Finance H E Yousuf Hussein Kamal and Abdulrahman Ahmad Al Shaibi, Director of Finance, Qatar Petroleum Group, at...

QE declines; most GCC bourses slip 22 Jan 2013 - 04:08 am

Dubai: Qatar Exchange (QE) slipped yesterday 17.28 points or 0.20 percent to 8,608.05 points from the previous closing while Abu Dhabi’s Sorouh Real...

UDC cuts service charges at The Pearl-Qatar 22 Jan 2013 - 04:08 am

DOHA: The United Development Company (UDC) has announced another 12.5 percent cut on all charges applicable to common use facilities at The Pearl-Qatar,...

QNB launches salary acquisition campaign 22 Jan 2013 - 04:08 am

Doha: Qatar National Bank (QNB), the largest financial institution in Qatar and the Mena region, has launched a salary acquisition campaign. Through this...

NBK upbeat after turbulent year for Kuwaiti banks 22 Jan 2013 - 04:07 am

KUWAIT: The outlook for Kuwait’s banks has improved after a turbulent year thanks to an expected increase in state infrastructure spending, the head...

Leaders meet in Davos in bid to beat the odds 22 Jan 2013 - 04:07 am

ZURICH: Italian Premier Mario Monti will set the tone for beleaguered business and political leaders gathering in Davos this week for the annual...

AirAsia drops plan for new Singapore unit 22 Jan 2013 - 04:06 am

KUALA LUMPUR: AirAsia, Asia’s largest low-cost carrier, has scrapped plans for a Singapore joint venture due to high operating costs and lack of...

Winter weather set to push Britain into triple dip recession 22 Jan 2013 - 04:06 am

LONDON: A wintry burst of weather hit businesses and travellers across Britain for a fourth day yesterday, threatening an unprecedented “triple-dip” recession that...

Bank ‘tsunami’ sunk Cyprus: President 22 Jan 2013 - 04:06 am

NICOSIA: President Demetris Christofias yesterday said Cyprus could have survived the euro crisis but for lax controls of a banking sector dangerously exposed...

India hikes import tax on gold by 50pc 22 Jan 2013 - 04:05 am

NEW DELHI: India, the world’s top gold consumer, yesterday hiked the import duty on the precious metal by 50 percent in an effort...

QIB profits at QR1.24bn; assets rise by 25.6pc 21 Jan 2013 - 06:25 am

QIB chairman Sheikh Jassim bin Hamad bin Jassim bin Jabor Al Thani. DOHA: Qatar Islamic Bank (QIB) has announced a net profit of...

Doha Bank profit up by 5.1pc 21 Jan 2013 - 06:22 am

Doha Bank Group CEO, R Seetharaman, (seated fourth left) is flanked by Executive Manager of Private Banking Abdullah Al Asadi (third left) and...

Regency launches firm dedicated to realty market 21 Jan 2013 - 06:21 am

DOHA: The Regency Group Holding yesterday launched “Escrow International” , the first company of its kind in Qatar that will provide high quality...

Iranian aviation sector faces turbulent times 21 Jan 2013 - 06:20 am

TEHRAN: Sky-rocketing fuel and ticket prices, a drop in passenger traffic and foreign currency shortages, all resulting from global sanctions, have forced Iran’s...