Business

Sudan firm to export animal feed to Gulf 16 May 2013 - 12:39 am

KENANA SUGAR PLANT, Sudan: Sudan’s biggest sugar producer plans to export up to 50,000 tonnes of animal feedstock annually to Arab Gulf countries....

Arqaam Capital eyes expansion in South Africa, Saudi Arabia 16 May 2013 - 12:39 am

DUBAI: Dubai-based investment bank Arqaam Capital plans to expand into sub-Saharan Africa by the fourth quarter this year and may look at acquisitions...

QP subsidiary renamed Alwaseeta 15 May 2013 - 02:31 am

The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada and Vice Chairman and Managing Director of Alwaseeta, Ali...

QPI hopes to extend Centrica deal 15 May 2013 - 02:31 am

DOHA: Qatar Petroleum International (QPI) hopes to extend its new deal with Britain’s Centrica by acquiring more gas or tight oil resources across...

Oil majors probed over price fixing 15 May 2013 - 02:31 am

BRUSSELS: The European Commission yesterday said it carried out surprise inspections at several major oil companies over possible price fixing in breach of...

BG tightens focus on LNG exploration 15 May 2013 - 02:30 am

LONDON: Oil and gas group BG will focus on exploration, liquefied natural gas (LNG) and selling or partnering more of its discoveries as...

US shale oil boom leaves Opec sidelined 15 May 2013 - 12:50 am

LONDON: Rising US shale oil production will help meet most of the world’s new oil demand in the next five years, even if...

Australia unveils $43bn austerity drive in budget 15 May 2013 - 12:49 am

Australian Prime Minister Julia Gillard watches as her Treasurer Wayne Swan delivers his budget speech to the House of Representatives in Canberra yesterday....

France gets support for EU-US trade talks 15 May 2013 - 12:49 am

BRUSSELS/PARIS: France has secured backing from other EU member states for the exclusion of the movie and television industries from a proposed free-trade...

OECD: Global economies on the mend 15 May 2013 - 12:48 am

PARIS: Global economies are on the mend, but growth is likely to remain below trend in India, the OECD said yesterday. Looking at...

Indonesia holds rates steady 15 May 2013 - 12:47 am

Workers erect an iron reinforcement column at a high rise office building under construction in Jakarta yesterday. Indonesia held its key interest rate...

Most Gulf bourses continue bull run 15 May 2013 - 12:47 am

DUBAI: Markets in the UAE hit new multi-year highs yesterday, delaying an expected bout of profit-taking as upbeat earnings added fuel to the...

Dubai’s non-oil trade jumps in Q1 15 May 2013 - 12:47 am

DUBAI: Dubai’s non-oil trade jumped 16 percent in the first quarter and recovery in the emirate’s property sector will help keep the pace...

Virgin among five bidders for Saudi telecom licences 15 May 2013 - 12:46 am

DUBAI: Five companies have submitted applications for virtual telecom licences in Saudi Arabia including Virgin Mobile Middle East & Africa (VMMEA). VMMEA —...

Putin backs plans to run vehicles on natural gas 15 May 2013 - 12:44 am

MOSCOW: President Vladimir Putin threw his weight behind a drive to fuel more Russian vehicles with cleaner-burning and cheaper natural gas yesterday, saying...

Dana Gas profit boosted by MOL share sale 15 May 2013 - 12:43 am

DUBAI: Dana Gas made a net profit of Dh241m ($66m) in the first quarter, with $135m raised from selling shares in Hungary's MOL...

Strauss-Kahn opens bank in South Sudan 14 May 2013 - 11:20 pm

Former International Monetary Fund chief Dominique Strauss-Kahn with South Sudan's Central Bank Governor Kornelio Mayik during the opening of National Credit Bank in...

EADS profits soar on rising Airbus orders 14 May 2013 - 11:20 pm

PARIS: European aerospace giant EADS reported a near doubling of first-quarter net profit yesterday, boosted by a strong performance by its main subsidiary...