Business

BAE Systems to axe 1,775 shipbuilding jobs 07 Nov 2013 - 12:54 pm

The sun setting over the iconic Govan Shipyards on the River Clyde in Glasgow, Scotland. British arms maker BAE Systems is set to...

Industries push Qatari index up 37.66 points 07 Nov 2013 - 12:54 pm

Doha: Qatar Exchange index added 37.66 points (0.38 percent) to hits 9,952.87 points from the previous closing of 9,915.21 points on Tuesday. The...

Emal to hit 1.3m tonnes a year 07 Nov 2013 - 12:54 pm

ABU DHABI: Emirates Aluminium (Emal) is ahead of schedule with the expansion of its production capacity to 1.3 million tonnes a year and...

Russia puts rouble ‘rebranding’ to vote 07 Nov 2013 - 12:53 pm

MOSCOW: Russia’s central bank is rebranding the rouble, offering the public a say on a new logo to back Kremlin efforts to enhance...

Protesters seek halt to Libya gas exports to Italy: Eni CEO 07 Nov 2013 - 12:52 pm

MILAN/TRIPOLI: Protesters at the Mellitah terminal in western Libya are pressuring Italian co-owner Eni to halt gas exports to Italy, Eni Chief Executive...

Qatargas, Centrica sign £4.4bn deal 07 Nov 2013 - 05:03 am

H E Dr Mohammed bin Saleh Al Sada (right) and Sam Laidlaw exchanging documents during the signing ceremony yesterday. DOHA: Centrica, the parent...

Dr Al Sada meets UK minister 06 Nov 2013 - 07:11 am

The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada with Britain’s Minister of State for Business and Enterprise,...

Job nationalisation major challenge for Arabs 06 Nov 2013 - 07:10 am

Members of the Executive Committee of the Federation of GCC Chambers during its 32nd meeting in Doha yesterday. The meeting was hosted by...

Construction, transportation lead project awards revival 06 Nov 2013 - 07:09 am

DOHA: The construction and transport-related projects have led the revival in Qatar’s project awards in 2013. The first quarter of 2013 (1Q13) witnessed...

Investcorp buys $250m US real estate assets 06 Nov 2013 - 07:09 am

DUBAI: Bahrain-based Investcorp yesterday said that it has acquired a group of offices and retail properties in the US for $250m. The investment...

Brent slips toward $106, US oil down 06 Nov 2013 - 07:09 am

LONDON: Brent crude oil slipped toward $106 a barrel yesterday after hitting a four-month low the previous session, while US crude futures fell...

UAE to ease rules on commercial banks 06 Nov 2013 - 07:09 am

ABU DHABI: The central bank of UAE has eased planned curbs on commercial banks’ exposure to state-linked debt, giving them five years to...

Canada’s poor environment record could hit oil, gas exports 06 Nov 2013 - 07:08 am

OTTAWA: Canada is doing a bad job of protecting the environment, an official watchdog said on Tuesday, suggesting a poor image for the...

KPMG creates new team for Islamic finance 06 Nov 2013 - 07:08 am

DOHA: KPMG has created a new Global Islamic Finance Leadership Team to support the continued growth and development of its Global Islamic Finance...

Fifty One East unveils Rolex ‘Deepsea Challenge’ 06 Nov 2013 - 07:06 am

Yann du Pasquier, Area Sales Manager for Rolex and Saoud Abdullah Al Darwish, Vice Chairman of Darwish Holding, during the launch of Rolex...

Ukraine, Chevron sign $10bn shale gas deal 06 Nov 2013 - 07:05 am

From left: Chevron’s General Manager for Europe Derek Magness, Minister of Ecology and Natural Resources of Ukraine Eduard Stavytsky and Chairman of the...

Somalia welcomes bank remittance reprieve 06 Nov 2013 - 07:05 am

MOGADISHU: Somali money transfer company Dahabshiil welcomed yesterday a temporary injunction by a British court allowing it to continue transferring vital funds that...

Deutsche, JPMorgan, HSBC face EU probe 06 Nov 2013 - 07:04 am

BRUSSELS: EU antitrust regulators are set to fine six global banks including Deutsche Bank, JPMorgan and HSBC for suspected rigging of benchmark eurozone...