Business

Barzan Gas Project’s four offshore topsides set out from South Korea 15 Sep 2013 - 01:01 am

The topsides, constructed in Ulsan, started its approximately one-month journey to Qatar’s North Field. DOHA: RasGas Company Ltd (RasGas) announced that the Barzan...

Qatar Exchange Roundup: Index stabilises, but market to remain volatile 15 Sep 2013 - 01:00 am

By Bashir Yusuf Kahlout It was interesting to see Qatar Exchange (QE) revive this week after having approached the edge of abyss a...

Twitter IPO: Goldman Sachs scores coup 15 Sep 2013 - 12:59 am

A logo of the social networking website ‘Twitter’ displayed on a computer screen in London. NEW YORK: Goldman Sachs, on pace to be...

Berlin working on eurozone bank union plan 15 Sep 2013 - 12:58 am

VILNIUS: Germany is working on a plan that would allow the completion of a eurozone banking union without changing existing EU law, potentially...

Oil price slips; gold slides ahead of Fed move 15 Sep 2013 - 12:58 am

LONDON: Oil sank this week on receding fears of a US-led military strike against Syria, and gold hit a one-month low on hopes...

Pakistan raises interest rates 15 Sep 2013 - 12:57 am

KARACHI: Pakistan increased its benchmark interest rate for the first time in almost three years, shifting course after the International Monetary Fund approved...

Britain heading for fastest GDP growth 15 Sep 2013 - 12:57 am

LONDON: The British economy is heading for its fastest expansion since the onset of the financial crisis, economists said as they upgraded their...

Chevron and Transocean settle over Rio oil spill 15 Sep 2013 - 12:57 am

RIO DE JANEIRO: US energy giant Chevron and Swiss-based rig operator Transocean signed a deal with Brazilian prosecutors on Friday to settle lawsuits...

Trans Continent to hold Qatar SME exhibition 15 Sep 2013 - 12:56 am

DOHA: Trans Continent Exhibitions & Conferences is planning to organise the First Qatar International Exhibition for Small & Medium Industries (Qatar SME) with...

London defence exhibition 14 Sep 2013 - 03:54 am

An Unmanned Aerial Systems at the Defence Security Equipment International arms fair at ExCel in London. The market for remote controlled vehicles is...

Serbia seeks to borrow $3bn from UAE 14 Sep 2013 - 03:54 am

BELGRADE: A top Serbian official said yesterday he had asked the United Arab Emirates for a low-interest, long-term loan to repay some of...

Egypt plans anti-dumping duty on Turkish steel 14 Sep 2013 - 03:54 am

LONDON: Egypt is considering imposing anti-dumping duty on Turkish steel imports, a government source said this week, to protect a domestic industry struggling...

Oil down as Syria tensions ease 14 Sep 2013 - 03:54 am

NEW YORK: Brent crude oil fell yesterday, putting it on track for its steepest weekly decline since June, as investors grew less worried...

Spain public debt hits record high in second quarter 14 Sep 2013 - 03:53 am

MADRID: Spain’s accumulated public debt soared to a record high at the end of June, the Bank of Spain said yesterday, shattering government...

Gold falls, heads for weakest week since June 14 Sep 2013 - 03:53 am

LONDON: Gold fell to a five-week low yesterday, heading for its worst week in more than two months on prospects the United States...

Euro ministers warn against complacency 14 Sep 2013 - 03:53 am

VILNIUS: Eurozone finance ministers warned against complacency yesterday as the economy recovers from a record recession, insisting the return to growth does not...

Iraq’s southern oil exports slow in September 14 Sep 2013 - 03:52 am

LONDON: Iraq’s oil exports from its southern ports have slowed so far in September and may fall further until mid-October due to maintenance,...

Top adviser cuts India growth to 5.3pc 14 Sep 2013 - 03:52 am

NEW DELHI: India’s top economic adviser cut yesterday his growth forecast for this year to 5.3 percent, just above last year’s decade-low expansion,...