Business

Muntajat honoured with Oil & Gas Year award 16 Sep 2013 - 11:48 pm

Doha: Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat), was honoured with the 2013 Downstream Company of the Year award by The...

IHT’s Global Energy Forum from October 9 16 Sep 2013 - 11:48 pm

Doha: The International Herald Tribune’s fourth Global Clean Energy Forum (GCEF), held for the first time in Qatar, will bring together top-level energy...

Rothschild to advise Gulf Capital on share issue 16 Sep 2013 - 11:48 pm

DUBAI: Abu Dhabi’s Gulf Capital said yesterday it has hired an investment bank to advise it on a renewed attempt to issue shares...

GEMS plans to raise $500m from stake sale 16 Sep 2013 - 11:47 pm

DUBAI: GEMS Education, a Dubai-based schools operator, is seeking to raise about $500m to fund growth by selling a stake of up to...

BLME to seek listing in Dubai 16 Sep 2013 - 11:47 pm

DUBAI: Bank of London and The Middle East (BLME), Britain’s largest stand-alone Islamic bank, plans to seek a listing on the Nasdaq Dubai...

Bombardier’s CSeries makes inaugural flight 16 Sep 2013 - 11:46 pm

MIRABEL, Quebec: Bombardier Inc’s CSeries jetliner took flight for the first time yesterday, the culmination of a $3.4bn programme to develop the first...

Financial sector pushes Qatar index down 16 Sep 2013 - 11:45 pm

Doha: Qatar Exchange index lost 17.64 points, or 0.18 percent, to 9,762.70 points from the previous closing of 9,780.34 points. The volume of...

Anglo American pulls out of Alaska copper mine 16 Sep 2013 - 11:45 pm

LONDON: Mining giant Anglo American said yesterday it was pulling out of a copper mine project in Alaska and would pay a $300m...

Major pipeline rupture deepens Iraqi oil export worries 16 Sep 2013 - 11:45 pm

LONDON: Iraq’s oil exports have been cut sharply by a pipeline leak and work at southern ports, industry sources said, raising concern among...

India’s August inflation surges to 6.1 percent 16 Sep 2013 - 11:26 pm

NEW DELHI: India’s inflation surged to a six-month high in August, data showed yesterday, strengthening chances the new central bank governor will freeze...

Weekly Money Market Review with IBQ: Middle East political turmoil ignites the risk on trade 16 Sep 2013 - 10:22 pm

The US dollar dropped to two-week lows against the major and commodity currencies amid progress in the Middle East political turmoil combined with...

China oil drilling 16 Sep 2013 - 12:58 am

A boat travels past offshore drilling platforms under construction at a shipyard of the Dalian Shipbuilding Industry Corp near the coast of Dalian,...

Qatar public spending jumps to 160 percent 16 Sep 2013 - 12:57 am

DOHA: Qatar’s public expenditures has jumped to a whopping 160 percent during the period 2008-13, to reach $683bn. Qatar’s import coverage ratios of...

Egypt wants to encourage foreign oil firms 16 Sep 2013 - 12:56 am

CAIRO: Egypt wants to encourage foreign oil companies in the country to increase exploration and production in exchange for a more rapid repayment...

Tasweeq honours customers in Singapore 16 Sep 2013 - 12:53 am

Tasweeq officials with customers during the reception in Singapore. DOHA: Qatar International Petroleum Marketing Company (Tasweeq) honoured its global customers by hosting a...

Buying support pushes QE index 1.67 percent up 16 Sep 2013 - 12:52 am

DOHA: Qatar benchmark index rose sharply in line with the regional bourses on the positive sentiments on Syrian crisis. Buying support helped Qatar...

UAE banks’ exposure to govt highest since 1970s: BofA 16 Sep 2013 - 12:49 am

Dubai: United Arab Emirates banks’ exposure to government-related entities is at its highest level as a percentage of capital since the 1970s, and...

Egypt’s Citadel Capital plans $528m capital increase 16 Sep 2013 - 12:48 am

DUBAI: Egyptian private equity firm Citadel Capital has won clearance to ask shareholders to approve a capital increase, it said yesterday, a sign...