Business

Developing at a rapid pace 17 Dec 2013 - 07:30 am

Workers at a construction site in Kuala Lumpur, Malaysia, yesterday. Malaysia is placed the highest developing Asian economy despite its lowered ranking in...

Oil above $110 as Libyan ports remain closed 17 Dec 2013 - 07:30 am

An employee of a petrol station refills a car in Tripoli yesterday. Libya is importing more fuel to make up for local shortages...

Chinese and Singaporean carriers to set up Taiwanese budget airline 17 Dec 2013 - 07:29 am

China Airlines Chairman Sun Hung-Hsiang (centre right) and Tigerair CEO Koay Peng Yen (centre left) in front of a Tigerair A-320 passenger jet...

Qatar raises 2013 growth forecast, economy to expand by 6pc 17 Dec 2013 - 07:26 am

DOHA: Qatar’s economy is projected to expand by 6 percent this year, about half a percent point higher than in 2012, and by...

QFMA receives requests for 2 new listings, 5 IPOs 17 Dec 2013 - 07:25 am

DOHA: The regulator of the Qatari bourse said yesterday it has received two requests for new listings and five for launching initial public...

Commercial Bank eyes local tie-ups: Chief 17 Dec 2013 - 07:25 am

DOHA/DUBAI: Commercial Bank of Qatar is open to tie-ups with local financial institutions and could sell bonds next year to fund infrastructure lending...

IKEA unveils new kids range 17 Dec 2013 - 07:25 am

DOHA: Swedish furniture retailer IKEA, part of Al Futtaim group of companies, has unveiled a newly redesigned children’s department. Customers and children can...

QNB ranked Qatar’s best 17 Dec 2013 - 07:24 am

DOHA: Qatar National Bank (QNB) has been named the best capitalised Financial Institution and the second largest capitalized “Corporate” in the Middle East...

Qatar, Dubai bourses slip; region mixed 17 Dec 2013 - 07:24 am

DUBAI: Dubai’s bourse suffered its largest loss in a month yesterday as investors sold blue chip Emaar Properties in a delayed reaction to...

India seeks financial guarantees from Iranian vessels 17 Dec 2013 - 07:23 am

NEW DELHI: India has asked Iran to provide financial guarantees before Delhi continues to allow vessels with Iranian insurance cover to enter Indian...

BP inks $16bn Oman gas project deal 17 Dec 2013 - 07:23 am

MUSCAT/DUBAI: BP will drill some 300 wells to flush gas trapped deep under the Omani desert over the next 15 years in a...

US oil output to surge to 9.6m bpd by 2016 17 Dec 2013 - 07:22 am

WASHINGTON: US oil production will continue its surge to hit a record 9.6m barrels per day (bpd) in 2016, the US Energy Department...

Greek property agents warn new tax will hit prices 17 Dec 2013 - 07:22 am

ATHENS: Greece’s real estate agent association Omase warned against a possible collapse of the sector in big cities because of new property taxes...

Russia ready to grant Ukraine loan 17 Dec 2013 - 07:22 am

MOSCOW: Russia could grant Ukraine a loan if Kiev asks for it, Interfax news agency yesterday quoted Russian presidential aide Andrei Belousov as...

Commercial real estate sector witnesses boom 17 Dec 2013 - 06:17 am

By Satish Kanady DOHA: Qatar’s commercial real estate sector witnessed a significant revival this year. The vacancy rates dropped to 10 percent in...

Boeing expansion 16 Dec 2013 - 08:24 am

The first 787 Dreamliner passenger jet to be assembled at Boeing’s South Carolina facility is rolled out during a ceremony in North Charleston....

Budget warplane 16 Dec 2013 - 08:22 am

The Scorpion spy and strike plane developed by Textron Airland. The budget warplane completed its first flight at McConnell Air Force Base in...

Anti-austerity protest in Spain 16 Dec 2013 - 08:21 am

A general view of the participants from the so-called ‘White tide’ movement during a protest against austerity measures and to support public health...