Business

Do not get overtaken by property market exuberance, IMF tells Dubai 13 Nov 2013 - 07:13 am

DUBAI: Dubai’s government has to make sure its property market is driven by fundamental factors, not speculation, and be ready to act if...

Arab oil exporters may see budget gaps in 2016: IMF 13 Nov 2013 - 07:13 am

DUBAI: The Arab world’s energy exporting states are not saving enough of their oil windfall and as a group may start running a...

Broadband lifts Omantel profits 13 Nov 2013 - 07:12 am

DUBAI: Oman Telecommunications (Omantel) reported a 3.9 percent rise in third-quarter profit yesterday, beating analyst estimates as broadband revenue increased. The former monopoly...

Petronas Q3 profit jumps nearly 20pc to $5.36bn 13 Nov 2013 - 07:10 am

A Petronas tanker truck drives along a road in Kuala Lumpur. KUALA LUMPUR: Malaysian state energy firm Petronas said yesterday its third-quarter net...

Indonesia raises key interest rate 13 Nov 2013 - 07:09 am

JAKARTA: Indonesia’s central bank unexpectedly raised its key interest rate yesterday to rein in a widening current account deficit blamed for exacerbating recent...

BP clinches $6bn Rosneft deal 13 Nov 2013 - 07:09 am

MOSCOW: Top Russian oil firm Rosneft said it would sell about $6bn worth of refined products to BP, establishing the British major among...

Vodafone surges back into profit in H1 13 Nov 2013 - 07:09 am

LONDON: British mobile phone giant Vodafone yesterday said that it surged back into first-half profit on a huge taxation credit, and pledged to...

Indonesia raises key interest rate 13 Nov 2013 - 07:08 am

JAKARTA: Indonesia’s central bank unexpectedly raised its key interest rate yesterday to rein in a widening current account deficit blamed for exacerbating recent...

High fuel costs hit Emirates airline profits 13 Nov 2013 - 07:08 am

DUBAI: High fuel costs and weak currencies in some key markets flattened first-half profit growth at Dubai’s flagship airline Emirates, signalling Gulf carriers...

HIA will handle 1,000 aircraft daily: Official 13 Nov 2013 - 06:09 am

The Chairman of the Civil Aviation Authority, Abdul Aziz Mohammed Al Nuaimi, inaugurating the Airport Exchange Conference and Exhibition at Qatar National Convention...

Al Sada: Qatar helping women play major roles in society 12 Nov 2013 - 11:16 am

The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada addressing the opening ceremony of the fourth annual Qatar...

Business optimism hits new high 12 Nov 2013 - 11:16 am

DOHA: Business optimism in Qatar has soared to its highest in nearly three years according to the Dun & Bradstreet Business Optimism Index...

Brent oil rises as Iran talks end without deal 12 Nov 2013 - 11:15 am

NEW YORK: Brent crude oil prices rose more than $1 per barrel yesterday after Iran and six world powers fell short of reaching...

Egypt tender to develop Suez Canal soon 12 Nov 2013 - 11:15 am

CAIRO: Egypt will finalise a tender for the development of the Suez Canal by the end of the month, the investment minister said,...

Foreign trade surplus widens to QR32.9bn 12 Nov 2013 - 11:15 am

DOHA: Qatar’s foreign trade surplus widened to QR32.9bn ($9bn) in September 2013. The figure shows an increase of QR0.3bn, up 0.9 percent compared...

Ukraine halts gas imports from Russia 12 Nov 2013 - 11:14 am

MOSCOW/KIEV: Ukraine halted Russian gas imports last Friday in a dispute over pricing, sources in Russia’s gas industry and state export monopoly Gazprom...

Qatar Exchange back above 10,000 points 12 Nov 2013 - 11:14 am

Doha/DUBAI: Qatar Exchange rose back above the psychologically important level of 10,000 points for the first time since August yesterday. It ended at...

Economic forum in Kuwait 12 Nov 2013 - 11:12 am

Kuwaiti Minister of Finance Sheikh Salem Abdulaziz Al Sabah (centre), Deputy Secretary General of the Arab League Ahmed Ben Helli (left), and African...