Business

Maersk Oil honoured for environmental development 22 Jun 2014 - 08:39 am

DOHA: Maersk Oil Qatar (MOQ), the country’s largest offshore oilfield operator, has made great progress on environmental level with more than 90 percent...

Mitsubishi launches Ramadan offers 22 Jun 2014 - 08:38 am

Doha: Qatar Automobiles Company, the authorised distributor of Mitsubishi Motors Corporation and Mitsubishi Fuso Truck & Bus Corporation in Qatar, has announced the...

Shell offers £30m to settle Nigeria oil spills, claimants reject compensation 22 Jun 2014 - 08:37 am

LONDON: Royal Dutch Shell is ready to pay up to £30m ($51m) in compensation for two oil spills in Nigeria in 2008, but...

Google’s Nest to buy Dropcam for $555m 22 Jun 2014 - 08:37 am

WASHINGTON: Google’s Nest Labs said on Friday it was buying video monitoring startup Dropcam for a reported $555m in cash. The deal comes...

Obama vows to wrap up TPP trade talks by year-end 22 Jun 2014 - 08:36 am

Washington: US President Barack Obama said he hoped the Trans-Pacific Partnership (TPP) trade talks could be concluded by the end of this year....

Family-friendly workplaces would boost economy: US 22 Jun 2014 - 08:33 am

WASHINGTON: The United States could boost its sagging labour force participation rate and get more people back to work — if more businesses...

No pressure to raise interest rates: BoE 22 Jun 2014 - 08:32 am

LONDON: The Bank of England (BoE) is under no immediate pressure to raise interest rates, because wage growth is slow and inflation subdued,...

Italy not for change in EU budget rules 22 Jun 2014 - 08:32 am

ROME: Italy wants a change in European “mentality” and not looser budget rules, Prime Minister Matteo Renzi said, adding that he would propose...

Global demand to keep LNG prices high: QNB 22 Jun 2014 - 04:41 am

Doha: Qatar National Bank Group (QNB) said in its weekly report that the robust global demand on liquefied natural Gas (LNG) is likely...

RasGas showcases studies at WPC 21 Jun 2014 - 12:38 am

Hani Al Kharaz giving a presentation. Moscow: Three specialists from RasGas Company Limited (RasGas) showcased different studies conducted by RasGas delivering presentations on...

China eyes further boost to Piraeus hub 21 Jun 2014 - 12:37 am

Greek Prime Minister Antonis Samaras (third left) and Chinese Premier Li Keqiang (third right) stand with port workers at the port of Piraeus...

France picks GE for alliance with Alstom 21 Jun 2014 - 12:36 am

Chairman and CEO of the German group Siemens Joe Kaeser (centre), Siemens France President Christophe De Maistre (third left) and Mitsubishi CEO Europe...

Japanese firms expect windfall 21 Jun 2014 - 12:35 am

A man takes pictures on the overpass of a building at a business district in Tokyo yesterday. More than half of Japanese companies...

Putin to push South Stream in Austria 21 Jun 2014 - 12:33 am

MOSCOW: Russian President Vladimir Putin will seek to exploit disagreement within a deeply divided EU over a Kremlin-backed gas pipeline as he looks...

First oil from Kurdish pipeline set for Israel 21 Jun 2014 - 12:32 am

LONDON: Iraqi Kurdistan looked set to unload in Israel a first cargo of disputed crude oil from its new pipeline after weeks of...

Crude price nears $115, on Iraq supply disruptions 21 Jun 2014 - 12:32 am

LONDON: Crude oil held near $115 a barrel yesterday, close to a nine-month high, and was headed for its second weekly gain on...

Global crude steel output up in May as China hits record 21 Jun 2014 - 12:31 am

LONDON: Global crude steel production rose at an annual 2.2 percent rate in May as output in China hit new record levels and...

Debenhams’ quarterly sales rise slightly 21 Jun 2014 - 12:30 am

LONDON: Britain’s No. 2 department store chain Debenhams said underlying sales rose slightly in its latest trading period, as it shifted its strategy...