Business

Shareholders of Xstrata vote for Glencore deal 21 Nov 2012 - 07:18 am

Xstrata Chairman John Bond (left) accompanied by unidentified staff arrives for an extraordinary shareholder meeting in the Swiss town of Zug yesterday. LONDON/ZUG,...

Ericsson helps Iran telecoms; letter reveals long-term deal 21 Nov 2012 - 07:18 am

LONDON: The Swedish firm Ericsson is working with Iran’s largest mobile telecom operator to expand its network and has promised to support another...

Qatargas’ JBOG project crosses 10m man-hours safely 21 Nov 2012 - 07:17 am

Doha: The Qatargas Jetty Boil-off Gas Recovery (JBOG) Project achieved a major safety milestone of completing ten million man-hours without any lost time...

LME chief gives presentation at ARABAL conference 21 Nov 2012 - 07:16 am

DOHA: The 16th ARABAL Conference kicked off yesterday, and the delegates from around the world were taken on two separate tours: a virtual...

Qatar banking sector to undergo modernisation, says REED 21 Nov 2012 - 07:16 am

DOHA/DUBAI: Qatar’s banking sector is set to undergo significant modernisation and a spike in recruitment over the next three years as the nation...

France to answer ratings downgrade with reforms 21 Nov 2012 - 07:14 am

French Junior Minister for Budget Jerome Cahuzac speaks during a press conference in Paris yesterday PARIS: France said yesterday it would respond to...

Qatar Exchange index adds 15.13 points 21 Nov 2012 - 07:14 am

Doha: Qatar Exchange pursued its upswing trend yesterday, adding 15.13 points or 0.18 percent to advance to 8,396.05 points from 8,380.92 on Monday. ...

Qatar construction projects valued at $250bn 21 Nov 2012 - 07:13 am

DOHA: Qatar’s ongoing construction projects are valued at more than $250bn, with infrastructure attracting 34 percent of the total investments. In addition, $100bn...

Al Meera signs deal to acquire Oman’s Safeer 21 Nov 2012 - 07:12 am

Doha: Al Meera Holding, a subsidiary of Al Meera Consumer Goods Company, and Al Meera Development Company have signed a Sale and Purchase...

Saudi firms fear new year gas price rise 21 Nov 2012 - 07:11 am

RIYADH: Some Saudi petrochemical producers fear a possible rise in the price they pay for gas will impact profits starting early next year,...

Arab aluminium meet begins today 20 Nov 2012 - 12:42 am

ARABAL officials Abdul Aziz Daylami, Mohamed Al Naki, Ibrahim J Fakhri, Mohamed Yahya, Jamell Shameel and Abdul Rahim Al Hashmi, at a press...

Qatar to invest $1.3bn in Italian firms 20 Nov 2012 - 12:41 am

DOHA: Qatar agreed yesterday to invest as much as ¤1bn ($1.3bn) in Italian companies, aiding efforts by Italy’s Prime Minister Mario Monti to...

Three made-in-Qatar tug boats launched 20 Nov 2012 - 12:40 am

Chairman and Managing Director of Milaha Sheikh Ali bin Jassim Al Thani releases the ceremonial bottle to name one of the vessels yesterday. ...

Emir to open Qapco’s third LDPE plant today 20 Nov 2012 - 12:39 am

DOHA: Qatar Petrochemical Company (Qapco) will officially launch the operations of the new Low Density Polyethylene third plant (LDPE 3) today when the...

Qatar to host first World GTL Conference 20 Nov 2012 - 12:37 am

Abdullah Al Naemi, Marketing Director, Tasweeq; Ettienne Rademeyer, CEO, Oryx GTL; Ali Ahmed Ali Thani Al Suwaidi, Head of Events, Qatar Petroleum; and...

GDI signs $34m deal to provide life boat services to Dolphin 20 Nov 2012 - 12:36 am

Doha: Gulf Drilling International Limited (GDI) announced the signing of a contract valued at an estimated $34m to provide lift boat services to...

Positive movements in real estate market 20 Nov 2012 - 12:35 am

DUBAI: Kuwait’s Global Investment House will ask shareholders to approve delisting its shares from the bourse after failing to secure a regulatory waiver...

EGIS opens office 20 Nov 2012 - 12:32 am

Jean-Chrstophe Peaucelle, French Ambassador (left) with Nicolas Nicolas Jachiet, CEO of “EGIS”, at a reception hosted to mark the opening of EGIS office...