Business

Iraqi Kurdish oil exports fall below 30,000b/d 18 Dec 2012 - 06:57 am

ARBIL: Oil exports from Iraq’s autonomous Kurdistan region have fallen to an average of below 30,000 barrels per day (b/d), industry sources said...

Egypt’s rising fuel bill reflects energy crisis 18 Dec 2012 - 06:56 am

LONDON: Egypt is becoming increasingly dependent on fuel imports as it uses oil to pay off debts instead of refining the crude at...

Saudi aviation body to allow price rises 18 Dec 2012 - 06:56 am

RIYADH: Saudi Arabia will review fuel prices and give its civil aviation body powers to allow fare increases as it struggles to move...

Qatar Exchange index adds 15.26 points 18 Dec 2012 - 06:55 am

Doha: Qatar Exchange pursued its upswing trend yesterday, adding 15.26 points (or 0.18 percent) to advance to 8,350.74 points from 8,335.48 on Sunday. ...

India forecasts lowest growth in a decade 18 Dec 2012 - 06:55 am

NEW DELHI: India yesterday cut its growth forecast for the current fiscal year to just under six percent, putting Asia’s third-largest economy on...

Greece lenders warn of ‘very large risks’ to bailout 18 Dec 2012 - 06:54 am

ATHENS: Political resistance and potential court challenges are among “very large” risks to reforms required for Greece’s bailout programme, the country’s European lenders...

GDF Suez to sell assets in Canada to reduce debt 18 Dec 2012 - 06:54 am

PARIS: Heavily-indebted French energy group GDF Suez announced yesterday the sale of 60 percent of its renewable energy interests in Canada worth ¤1.5bn...

Conservatives’ victory pushes yen down 18 Dec 2012 - 06:53 am

TOKYO: The yen plunged in Asian currency markets yesterday after Japan’s conservative opposition swept to victory in national polls, with promises from its...

Al Sada meets Deputy PM of Belgium 17 Dec 2012 - 04:25 am

H E Dr Mohammed bin Saleh Al Sada, the Minister of Energy & Industry and Chairman and Managing Director of Qatar Petroleum, met...

GCC markets in lacklustre mode 17 Dec 2012 - 04:24 am

DOHA: Despite global markets registering progressive gains during November, Qatar’s equity market, along with other GCC markets, carried its lacklustre sentiment through the...

QCB Governor to address opening ceremony of Qatar Project-2013 17 Dec 2012 - 04:24 am

DOHA: The Governor of Qatar Central Bank (QCB), H E Sheikh Abdullah bin Saud Al Thani, will address the opening ceremony of the...

GCC continues to propel KPMG’s growth 17 Dec 2012 - 04:23 am

DOHA: KPMG International (KPMG) has announced record-high combined revenues of $23.03bn for the fiscal year ending September 30, 2012, representing a 4.4 percent...

UAE central bank delays exposure, liquidity rules 17 Dec 2012 - 04:23 am

ABU DHABI: The central bank of the United Arab Emirates has postponed introducing restrictions on commercial banks’ exposure to state-linked debt and requirements...

Iran oil revenues down by half this year, says reportIran oil revenues down by half this year, says report 17 Dec 2012 - 04:23 am

DUBAI: Iran’s oil revenues have been cut in half this year compared with last year, a newspaper quoted Iran’s economic minister as saying,...

Cuba presses drive to strike black gold 17 Dec 2012 - 04:22 am

HAVANA: Cuba is moving fast to try to tap subsea oil wealth, and will start work in “days” with Russia’s Zarubezhneft, drilling this...

Qatari bourse index rises; Egypt climbs 17 Dec 2012 - 04:22 am

Doha: Qatar Exchange ended in the green yesterday adding 4.34 points (or 0.05 percent) to advance to 8,335.48 points from 8,331.14 on Thursday....

Renault taps Logan creator for $5,500 India car 17 Dec 2012 - 04:21 am

PARIS: Renault’s move into low-cost cars, which has kept the French auto maker afloat as mass-market peers drown in European losses, may soon...

Russia faces economic trap: EBRD 17 Dec 2012 - 04:20 am

MOSCOW: Russia, the world’s largest energy exporter, is becoming increasingly dependent on commodities and failing to prepare for falling oil output in 20...