Business

Record profits for airlines seen 13 Dec 2013 - 08:11 am

GENEVA: Airlines are expected to post record profits in 2014, the International Air Transport Association said yesterday, citing sliding oil prices and mergers...

FEED contract for Al Sejeel project signed 13 Dec 2013 - 06:43 am

H E Dr Mohammed bin Saleh Al Sada with other officials after the signing ceremony. DOHA: Qatar Petroleum (QP) and Qatar Petrochemical Company...

Doha Bank gets licence for operations in India 12 Dec 2013 - 12:05 pm

DOHA: Doha Bank gets licence from the Reserve Bank of India (RBI) to commence banking operations in India. It will open a branch...

Nissan unveils X-Trail SUV 12 Dec 2013 - 11:58 am

An all-new X-Trail SUV of Nissan Motor Co is displayed during an unveiling event at the company’s global headquarters showroom in Yokohama, south...

Islamic financing to drive Mena growth: Experts 12 Dec 2013 - 11:56 am

Rene Karsenti, (right) President of the International Capital Market Association during an interview session at Euromoney Qatar Conference yesterday. (Abdul Basit) DOHA: Rapidly-growing...

ExxonMobil hails Helium plant opening 12 Dec 2013 - 11:55 am

Mark Nolan with Sheikh Khalid bin Khalifa, CEO of QatarGas, yesterday. DOHA: ExxonMobil congratulated RasGas and QatarGas on the occasion of the inauguration ...

Google to double Taiwan investment 12 Dec 2013 - 11:53 am

A cooling system facility is seen during the media tour in the Google data centre in Changhua Coastal Industrial Park, central Taiwan, yesterday....

Printemps’ takeover third largest in Mena 12 Dec 2013 - 11:52 am

DOHA: The acquisition of Printemps store in France by Divine Investments SA, a Qatari-controlled investment fund, for QR7.65bn ($2.1bn) was the third largest...

Russians pick official symbol for rouble 12 Dec 2013 - 11:50 am

MOSCOW: The Russian public have picked a first official symbol for the rouble, choosing a sign the central bank said would enhance the...

Etihad examines Alitalia books, plans investment 12 Dec 2013 - 11:48 am

MILAN/ABU DHABI: Abu Dhabi’s Etihad Airways is examining Alitalia’s books and is expected to decide by Christmas whether to take a stake in...

Oil steady above $109, market awais US data 12 Dec 2013 - 11:48 am

LONDON: Oil held steady above $109 a barrel yesterday, shrugging off predictions from the West’s energy watchdog of rising global demand as the...

GPCA urges petrochemical producers to conserve water 12 Dec 2013 - 11:47 am

DOHA: With water consumption by the GCC petrochemicals industry reaching 1.16 trillion cubic metres in 2012, petrochemical producers must conserve water in their...

Egypt in gas price talks with foreign firms 12 Dec 2013 - 11:47 am

CAIRO: Egypt is still in talks with foreign energy companies to change the amount the government pays them for natural gas produced in...

Qatar Chamber, ICC helped broker trade deal at Bali WTO meet 12 Dec 2013 - 11:46 am

DOHA: Qatar Chamber said that it had worked along with International Chamber of Commerce (ICC) and other World Trade Organisation (WTO) parties to...

Beema assigned Baa2 by Moody’s 12 Dec 2013 - 11:46 am

DOHA: Moody’s Investors Service yesterday assigned a first-time Baa2 insurance financial strength rating (IFSR) to Qatar-based Damaan Islamic Insurance Company, ‘Beema’ with a...

QFB’s Al Rifai sells Nutisal brand to Cloetta 12 Dec 2013 - 11:44 am

Doha: Qatar First Bank (QFB) announced that its portfolio company Al Rifai International Holding (Al Rifai), a leading Lebanese manufacturer and retailer of...

Exxon offers gasoil term contract from Saudi 12 Dec 2013 - 11:43 am

SINGAPORE: ExxonMobil Corp has offered gasoil cargoes through a rare term tender from its joint-venture refinery in Saudi Arabia, in a further sign...

Yemen sees deal on $550m loan from IMF in early 2014 12 Dec 2013 - 11:43 am

KUWAIT: Yemen is close to a deal with the International Monetary Fund on a $550m loan, the country’s planning minister said yesterday. A...