Business

Big slice of port construction for Qatari firms 17 Jan 2013 - 03:58 am

Construction of the New Port in full swing. By Satish Kanady DOHA: Qatari contracting companies will have a major stake in the big...

Construction industry employees received QR12.37bn wages in 2011 17 Jan 2013 - 03:58 am

DOHA: Nearly 493,500 workers were engaged in the country’s fast-paced building and construction industry in 2011 and while they collectively received wages worth...

Oil firms overlooking safety in Arctic 17 Jan 2013 - 03:57 am

STAVANGER, Norway: Oil companies are overlooking some vital safety issues when preparing to drill in frontier Arctic areas, the head of the safety...

Renewable energy usage up but 2030 target doubtful 17 Jan 2013 - 03:57 am

ABU DHABI: The share of renewables in the global energy mix has increased over the past decade to more than 15 percent but...

Qatar Exchange’s losing streak ends 17 Jan 2013 - 03:56 am

Doha/DUBAI: Most Middle East bourses rose yesterday as bargain hunters bought banking stocks following early-week declines. Banks results in Saudi Arabia and Qatar...

Doha to host Mideast offshore meet from Jan 21-23 17 Jan 2013 - 03:55 am

From LEFT: David Paganie, Mubarak A Al Hajri, Alistair Routlegde and Paul Taylor, at the press briefing yesterday. DOHA: This year’s Offshore Middle...

First-ever distributable profits for Vodafone Qatar 17 Jan 2013 - 03:54 am

DOHA: Vodafone Qatar’s revenue for the nine-months to December 2012 grew by 20 percent year-on-year resulting in the company achieving positive quarterly distributable...

Abu Dhabi’s Taqa says restart date not set for Brent pipeline system 17 Jan 2013 - 03:53 am

DUBAI: Abu Dhabi’s Taqa has no restart date for oil output stopped after a leak at its Cormorant Alpha platform, a part of...

UAE banks to make formal proposal on mortgage caps 17 Jan 2013 - 03:53 am

ABU DHABI: Banks in the UAE agreed yesterday to make a formal plea to the central bank to ease the mortgage limits which...

Sudan plans to boost oil production to 150,000 bpd 17 Jan 2013 - 03:53 am

KHARTOUM: Sudan plans to increase oil production to at least 150,000 barrels per day (bpd) this year thanks to two new oilfields and...

Gold regains premium over sagging platinum 17 Jan 2013 - 03:50 am

A gold bar on a scale is photographed at the German Federal Reserve Bank headquarters in Frankfurt. LONDON: Gold prices regained their premium...

Egypt’s currency crisis not a deterrent for QNB 17 Jan 2013 - 03:50 am

Doha: Qatar National Bank (QNB) hopes to complete the purchase of Societe Generale’s Egyptian unit in the next two months and won’t be...

Opec sees weaker demand for crude 17 Jan 2013 - 03:49 am

LONDON: Opec expects demand for its crude to be lower than expected this year because of higher supply from rival producers, indicating inventories...

Oil market well-balanced, well-supplied: UAE minister 17 Jan 2013 - 03:47 am

ABU DHABI: The world oil market is well-balanced and well-supplied, UAE Energy Minister Mohammed Al Hamli said yesterday, adding his country plans to...

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...