Business

Plexus on verge of oil tech breakthrough 23 Nov 2013 - 05:58 am

LONDON: Oil equipment supplier Plexus is finalising a piece of subsea kit that should revolutionise production of oil and gas from reservoirs under...

Gulf carriers eye prize as Australia airlines duke it out 23 Nov 2013 - 05:58 am

SYDNEY: The bad-tempered battle between Virgin Australia Holdings Ltd and Qantas Airways Ltd over Australia’s skies is a proxy for increasingly tough regional...

Oil rises towards $111 as Iran talks drag on 23 Nov 2013 - 05:58 am

LONDON: Brent crude oil pushed towards $111 a barrel yesterday and was on track to end higher for the second week running, as...

South Korea to buy 40 Lockheed F-35s 23 Nov 2013 - 05:57 am

SEOUL: South Korea will buy 40 Lockheed Martin Corp F-35 stealth fighter jets, the country’s military chiefs decided yesterday, with the first delivery...

Gold set for big weekly loss 23 Nov 2013 - 05:57 am

LONDON: Gold headed for its sharpest weekly drop in more than two months yesterday as strong US economic data lifted uncertainty over the...

China set to overtake Japan in M&A deals 23 Nov 2013 - 05:56 am

HONG KONG: China is set to become Asia’s leader in outbound corporate acquisitions this year, ending Japan’s two-year reign, as the country’s appetite...

Reform package within days: WTO chief 23 Nov 2013 - 05:56 am

GENEVA: The World Trade Organisation may agree its first worldwide trade reform package before the end of the weekend, its director-general, Roberto Azevedo,...

Kurdish oil seen flowing through Turkish pipeline soon 23 Nov 2013 - 05:56 am

ISTANBUL: Iraqi Kurdistan’s oil exports may start flowing through its own pipeline via Turkey within weeks, and without necessarily agreeing payment protocol with...

Polish delegate visits QC 22 Nov 2013 - 06:22 am

The Vice Chairman of Qatar Chamber (QC), Mohammed bin Ahmed bin Towar Al Kuwari (third right), addressing a meeting with a Polish trade...

QE index gains 70.60 points this week 22 Nov 2013 - 06:21 am

Doha: Qatar Exchange index gained 70.60 points (0.69 percent) this week when the bourse closed at 10,283.00 points here last afternoon. The trading...

IMF: GCC needs reforms to curb unemployment 22 Nov 2013 - 06:21 am

DOHA: The six Gulf Cooperation Council states may see unemployment among their citizens rise in coming years unless more nationals find jobs in...

Qatar Airways shifts to Amadeus Altéa departure control system 22 Nov 2013 - 06:20 am

Doha/Dubai: Amadeus, a leading technology partner for the global travel industry, and Qatar Airways yesterday announced the airline’s successful migration to Altéa Departure...

Dubai seeks global help to reform awqaf 22 Nov 2013 - 06:19 am

DUBAI: Dubai is in talks with Islamic endowments in countries as far afield as South Africa and New Zealand to promote its drive...

Oil prices rise amid Iran talks, Fed outlook 22 Nov 2013 - 06:19 am

LONDON: Oil prices rose yesterday as markets reacted to developments over Iran, the outlook for Federal Reserve stimulus and Chinese manufacturing data. New...

Merkel gives in to minimum wage demand 22 Nov 2013 - 06:18 am

BERLIN: Germany is set to introduce a national minimum wage, conservative Chancellor Angela Merkel said yesterday, giving in to a key demand by...

Russian tycoon joins race to buy German oil and gas unit 22 Nov 2013 - 06:18 am

FRANKFURT/DUBAI: Russian billionaire Mikhail Fridman has teamed up with other investors to bid for German utility RWE’s oil and gas unit DEA, three...

Yellen likely to be first US woman to chair Fed 22 Nov 2013 - 06:18 am

WASHINGTON: The US Senate Banking Committee yesterday approved Janet Yellen’s nomination to become the first woman to lead the Federal Reserve, sending it...

EU slaps Argentina, Indonesia with biodiesel duties 22 Nov 2013 - 06:17 am

BRUSSELS: The European Commission yesterday imposed punitive anti-dumping duties on biodiesel imports from Argentina and Indonesia so as to protect home producers. EU...