Business

Mazaya Qatar weighs QR170m deal offer 28 Dec 2012 - 03:59 am

DOHA: Mazaya Qatar Real Estate Development has received an offer worth QR170m to buy one of its investment properties. The company is studying...

GOIC launches industrial market portal 27 Dec 2012 - 09:43 am

Qasim Abdul Ghani Al Maimani (second right), Undersecretary, Ministry of Commerce and Industry in Saudi Arabia, presses a button to launch Gulf Organisation...

Gulf petrochem industry set to expand: GPCA 27 Dec 2012 - 09:42 am

DOHA: The Gulf petrochemicals industry is bracing to sustain competitiveness keeping in mind the new market realities. Gulf producers are exploring opportunities to...

Toyota ups sales forecast to 9.7m vehicles 27 Dec 2012 - 09:42 am

TOKYO: Japan’s Toyota group forecast yesterday a 22 percent jump in worldwide sales this year to 9.7 million units, driven by surging demand...

Egyptian pound falls on devaluation talk 27 Dec 2012 - 09:42 am

CAIRO: The Egyptian pound hit a near eight-year low yesterday as concerns the government might devalue or bring in capital controls drove many...

Iraqi Kurdistan oil exports slashed in payment row 27 Dec 2012 - 09:41 am

ARBIL: Oil exports from Iraq’s autonomous Kurdistan region via the federal government have been slashed in the latest chapter of a long-running payments...

KLJ Organic joins QIMC for $100m project 27 Dec 2012 - 09:39 am

BY MOHAMMAD SHOEB DOHA: Enticed by Qatar’s inexpensive energy resources, KLJ Organic Limited has become the first Indian company to make the largest...

Oil jumps in thin trade, US crude near 10-week high 27 Dec 2012 - 09:38 am

Traders work the floor at the New York Stock Exchange yesterday. NEW YORK: Oil prices jumped by the most in weeks on Wednesday,...

Qatar Petroleum eyes stake in Indian LNG firm 27 Dec 2012 - 09:37 am

DOHA: Qatar Petroleum (QP) has expressed its interest to buy a 5.2 percent stake in Petronet LNG, one of the fastest growing companies...

Qatar bans import, trade of steel below grade 500 27 Dec 2012 - 09:37 am

DOHA: Qatar has banned the import and trade of construction steels below grade 500 to increase the quality of the building materials in...

Ratan Tata hands over reins of empire 27 Dec 2012 - 09:36 am

MUMBAI: Indian industrialist Ratan Tata retires on his 75th birthday this week, handing over the reins of his sprawling business empire after decades...

Hong Kong airport sets record 27 Dec 2012 - 09:34 am

A Cathay Pacific Airways jetliner takes off from Hong Kong International Airport, in Hong Kong, yesterday. A total of 1,081 flight movements were...

Qatari bourse index loses 53.77 points 27 Dec 2012 - 09:34 am

Doha: Qatar Exchange index continued its losing streak yesterday dropping 53.77 points or 0.64 percent to 8,327.38 points from the previous closing of...

UAE bad loan provisions drop first time since crisis 27 Dec 2012 - 09:33 am

DUBAI: Outstanding provisions for bad loans set aside by banks in the United Arab Emirates fell in October for the first time since...

UK moves up in economic league table 27 Dec 2012 - 09:33 am

London: Britain moved up to sixth in the global economic league table in 2012, overtaking Brazil despite a year of flatlining activity. A...

Iraq mobile firm aims to raise $1.23bn in IPO 27 Dec 2012 - 09:32 am

Baghdad:Iraq’s second-biggest mobile operator Asiacell aims to raise $1.23bn in an initial public offering next month, it said, after pressure from Baghdad’s media...

Air Arabia takes delivery of sixth A320 this year 27 Dec 2012 - 09:32 am

Doha: Air Arabia, the first and largest low cost carrier in the Middle East and North Africa, announced yesterday that it has taken...

Ahli Bank, QIMC and Indian firm sign pact 26 Dec 2012 - 01:19 am

Abdul Rahman Al Ansari (third left), CEO, Qatar Industrial Manufacturing Company (QIMC); Mahmoud Malkawi (fourth left), Acting CEO, Ahli Bank (Ahli); and Hemant...