Business

Encana to buy Texas oil company for $7.1bn 30 Sep 2014 - 12:36 am

MONTREAL: Canadian energy company Encana yesterday said it has agreed to buy Texas’s Athlon Energy for $7.1bn, in a bid boost the Calgary-based...

Emaar’s mall unit IPO priced at top end of range 30 Sep 2014 - 12:36 am

DUBAI: Dubai’s Emaar Properties has priced the initial share sale of its malls business at the top end of the proposed range, marking...

Toyota will recall 690,000 Tacoma in US 30 Sep 2014 - 12:35 am

New York: Toyota Motor Sales USA Inc, a unit of Toyota Motor Corp, said it would recall about 690,00 Tacoma 4X4 and Tacoma...

Sedco launches first in-house Islamic fund 30 Sep 2014 - 12:35 am

Jeddah: Jeddah-based Islamic investment firm Sedco Capital has launched the first fund managed by its own in-house team, looking to bulk up its...

Jordan eyeing 3.3pc growth this year: IMF 30 Sep 2014 - 12:27 am

AMMAN: Jordan’s economy is resilient despite regional tensions in Syria and Iraq and violence in Gaza, with growth of over 3 percent projected...

Americans step up spending in August 30 Sep 2014 - 12:27 am

WASHINGTON: US consumer spending accelerated in August, the government said yesterday, a positive sign for an economy that appears to be firing on...

India likely to hold rates as inflation high 30 Sep 2014 - 12:26 am

New Delhi: With inflation still running high, the Reserve Bank of India at its fourth bi-monthly policy review today is unlikely to cut...

Housing market cools further in Britain 30 Sep 2014 - 12:25 am

LONDON: British mortgage approvals slipped a three-month low in August, according to official data, falling slightly more than expected and adding to signs...

Govt shifts from bank loans to debt market for funds 29 Sep 2014 - 02:18 am

By Satish Kanady DOHA: Qatari government is slowly shifting from bank loans to debt market to support its mammoth public spending. Debt issuance...

Huge response to Back 2 Business 29 Sep 2014 - 02:17 am

FROM LEFT: Jarmo Kihlstrom, Manager, International Moving, Sezai Arli, Chairman of the Qatar-Turkish Businessmen Association, M Palma Libotte, Chairperson of the Italian Chamber...

Fifty One East wins retail award 29 Sep 2014 - 01:34 am

Daniel Lattouf, Retail Business Unit Manager at Darwish Holding, receiving the award at a ceremony held in Doha. Doha: Fifty One East, the...

Air France pilots end marathon strike 29 Sep 2014 - 01:25 am

An Air France Airbus A321 passenger plane parked on the tarmac at the Nice Cote d’Azur international airport in Nice yesterday. PARIS: Air...

Fire at Milazzo refinery 29 Sep 2014 - 01:23 am

Flames rise after a fire broke out at the Mediterranean Refinery of Milazzo, one of most important in southern Italy near Messina on...

Egypt to invest $14.5bn in petrochemicals, refining 29 Sep 2014 - 01:19 am

CAIRO: Egypt plans to invest $14.5bn in developing its refining and petrochemicals sectors over the next five years, its oil minister said, as...

Maersk Oil steps up Qatarisation plans 29 Sep 2014 - 01:18 am

DOHA: Maersk Oil Qatar is building on its successful Qatarisation programme with the launch of the third-phase of its ‘Find Your Place’ recruitment...

Booming Irish property market raises bubble fears as prices go up 24.7pc 29 Sep 2014 - 01:17 am

DUBLIN: Ireland is mounting a spirited fightback from economic collapse but as recovery takes hold, a housing shortage has sparked talk of another...

Fisher says US risks falling behind curve on inflation 29 Sep 2014 - 01:17 am

WASHINGTON: Richard Fisher, president of the Dallas Federal Reserve Bank, said the United States risks falling behind the curve on inflation as wage...

QE retreats in sixth straight session 29 Sep 2014 - 01:15 am

DOHA: Qatar Exchange retreated for the sixth straight session yesterday on continued profit taking. The entire sector indices entered red with the benchmark...