Business

GDI, Oxy Qatar renew offshore drilling contract 12 Oct 2012 - 02:55 am

DOHA: Gulf Drilling International Ltd (GDI) has entered into a new two-year contract to continue providing offshore drilling rig services to Occidental Petroleum...

QBA and QICDRC hold talks, sign MoU 12 Oct 2012 - 02:55 am

DOHA: The Qatari Businessmen Association (QBA) held a round table legal discussion with the Qatar International Court and Dispute Resolution Centre (QICDRC) to...

Al Jazeera Finance plans to launch IPO 12 Oct 2012 - 02:54 am

DOHA: Al Jazeera Finance, Qatar’s leading Shariah-complaint financial services company, has plans to launch an initial public offering (IPO) as part of plans...

Saudi pledges to satisfy oil market needs; Brent jumps 10 Oct 2012 - 09:26 am

The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada in Riyadh to attend the 31st meeting of the...

Qatar must grow ‘outside its own economy’: Asean chief 10 Oct 2012 - 09:23 am

Asean Secretary-General Surin Pitsuwan. BY MOHAMMAD SHOEB DOHA: Countries with limited or small population such as Qatar must grow outside their own economies...

Qatar’s current account balance set to drop: IMF 10 Oct 2012 - 09:13 am

By Satish Kanady DOHA: Qatar’s current account balance is projected to drop nearly three percent in 2013. The country’s consumer price index is...

Iran censors currency rates as rial suffers 10 Oct 2012 - 09:13 am

TEHRAN: Currency rates online for Iran’s pummelled rial were blacked out yesterday, while transactions on the open market remained virtually paralysed a week...

Lord Phillips is QICDRC President 10 Oct 2012 - 09:11 am

Justice Rashid Al Badr being sworn in as a Specialist Enforcement Judge at a ceremony in Doha yesterday. DOHA: The Rt Hon the...

QICDRC swears in specialist enforcement judge 10 Oct 2012 - 09:11 am

DOHA: The Qatar International Court and Dispute Resolution Centre (QICDRC) has sworn in Justice Rashid Al Badr as a specialist Enforcement Judge at...

Qatar Exchange up 0.18 points 10 Oct 2012 - 09:11 am

Doha: Qatar Exchange ended in the green yesterday adding 0.18 points to advance to 8,482.09 points from 8,481.91 on Monday. Among the top...

HSE forum discusses oil spill risk management 10 Oct 2012 - 09:10 am

Doha: The incidences of major oil spills and international crises in the oil and gas sector has caused a dramatic shift in attitudes...

RasGas optimistic about Qatar’s LNG future 10 Oct 2012 - 09:08 am

The QP delegation at the Gastec 2012 in London. London: A record for reliable and safe delivery of liquefied natural gas (LNG), strategic...

11 euro states back financial transaction tax 10 Oct 2012 - 09:08 am

LUXEMBOURG/ATHENS: Eleven eurozone countries agreed yesterday to press ahead with a disputed tax on financial transactions designed to help pay for the cost...

IMF slashes growth forecast for Asia 10 Oct 2012 - 09:07 am

HONG KONG: The IMF yesterday cut its growth forecasts for developing Asia, blaming a slowdown in Europe and the United States, and warned...

Kuwait okays budget with huge deficit 10 Oct 2012 - 09:07 am

KUWAIT CITY: The Kuwait cabinet has approved the 2012/2013 budget projecting a shortfall of 7.3bn dinars ($26bn), mainly through calculating oil income at...

Britain bears costs of jobs without growth 10 Oct 2012 - 09:06 am

By Olesya Dmitracova A near-record number of Britons are in work despite a shrinking economy, but new employment has come at the expense...

Tracking Libor’s descent from Britain’s 1797 bank rate 10 Oct 2012 - 09:05 am

By Scott Nelson The London interbank offered rate — which is set daily by asking banks what they would charge to lend to...

Swelling foreign short-sellers prompt Chinese charm offensive 10 Oct 2012 - 09:04 am

By Pete Sweeney Foreign short-sellers are telling China it has a credibility problem, and Beijing seems to be listening. Investors are betting that...