Business

Beijing air show stunt 28 Sep 2013 - 04:54 am

A helicopter pilot performing at the Beijing International Aviation Expo China 2013 in Beijing.

Rosneft makes $1.4bn move into natural gas 28 Sep 2013 - 04:54 am

MOSCOW: Russian oil giant Rosneft yesterday agreed to purchase the natural gas assets of top world diamond producer Alrosa for $1.38bn as it...

Gas trading volumes rising at Dutch hub, declining in Britain 28 Sep 2013 - 04:53 am

FRANKFURT: Wholesale gas and gas futures trading volumes are rising in the Netherlands and falling in Britain, a sign that Dutch hub TTF...

Oil falls towards $108 as Middle East tension eases 28 Sep 2013 - 04:53 am

LONDON: Brent crude oil fell towards $108 a barrel yesterday, heading for its third straight weekly decline, with diplomatic efforts over Syria and...

First diesel from Saudi to load soon 28 Sep 2013 - 04:53 am

SINGAPORE/Al KHOBAR: Saudi Arabia’s new 400,000 barrels-per-day Jubail refinery will likely load its first diesel cargo in early October, industry sources said yesterday,...

BlackBerry posts $965m loss, vows ‘transition’ 28 Sep 2013 - 04:52 am

OTTAWA: BlackBerry said yesterday that it lost $965m in the past quarter, confirming preliminary figures showing a rapidly eroding picture for the Canadian...

Royal Mail privatisation subscribed in hours 28 Sep 2013 - 04:52 am

LONDON: Britain’s Royal Mail privatisation garnered orders for all of the shares on offer in the space of a few hours yesterday, sources...

Philippines in broad Islamic finance push 28 Sep 2013 - 04:52 am

MANILA/SYDNEY: In what could be one of the most ambitious efforts to facilitate Islamic finance in a non-Muslim country, the Philippines’ central bank...

Japan inflation hits five-year high 28 Sep 2013 - 04:52 am

TOKYO: Japanese inflation hit a five-year high last month, although yesterday’s data showed the rise was driven by soaring energy costs, indicating the...

Royal Bank of Scotland unveils IPO deal for branches 28 Sep 2013 - 04:51 am

LONDON: Royal Bank of Scotland said yesterday it would float 314 branches as a standalone bank in about two years, after reaching a...

Russia faces ‘abyss’ without economic reform: PM 28 Sep 2013 - 04:51 am

MOSCOW: Russia’s economy is at a crossroads and the country risks falling into the “abyss” if it does not make serious reforms to...

QE market cap falls by QR15bn 27 Sep 2013 - 04:56 am

DOHA: A combination of buying weakness and selling strength pulled Qatar Exchange benchmark index down 2.94 percent to close at 9580.77 points last...

Brent, NY crude rise on bargain hunting 27 Sep 2013 - 04:55 am

NEW YORK: Oil prices rose yesterday, despite easing political worries and an improving supply picture, as traders sought bargains after sharp losses earlier...

ICICI Bank QFC branch licence upgraded 27 Sep 2013 - 04:55 am

Doha: ICICI Bank Ltd, India’s largest private bank, was awarded the Category I (One) licence for its QFC Branch in Doha by the...

Oman to unveil privatisation plans in January: Minister 27 Sep 2013 - 04:55 am

DUBAI: Oman plans to release in January a list of state companies which it aims to privatise, Minister for Financial Affairs Darwish Al...

Real estate investors shun Egypt 27 Sep 2013 - 04:55 am

DUBAI/LONDON: A flight by foreign companies from violent unrest in Egypt threatens to drive up vacancy rates at offices and malls and prompt...

Dubai to double real estate fee 27 Sep 2013 - 04:54 am

DUBAI: Dubai will double the registration fee charged on real estate transactions in an effort to prevent excessive speculation in its property market,...

QEWC signs $450m financing deal with four banks 27 Sep 2013 - 04:54 am

DOHA: The Qatar Electricity and Water Company (QEWC) has signed a $450m finance documentation with a consortium of four local banks yesterday. The...