Business

World saved $3.5 trillion from oil stocks 25 Jun 2014 - 11:02 pm

LONDON: The world has saved $3.5 trillion over the last 30 years by maintaining emergency oil stocks to offset supply shocks and curb...

UK retail sales growth slows down 25 Jun 2014 - 11:01 pm

LONDON: British annual retail sales growth slowed unexpectedly this month to a seven-month low as demand for clothing and food fell back, the...

Allfunds to expand fund platform in Asia, Mideast 25 Jun 2014 - 11:01 pm

Madrid: Madrid-based Allfunds Bank will expand its presence in Asia and the Middle East, widening the reach of its intermediation platform while adding...

Oman fund may rescue Corpbank 25 Jun 2014 - 11:01 pm

SOFIA: Oman’s sovereign wealth fund held talks with the Bulgarian government and the central bank about recapitalising Corporate Commercial Bank (Corpbank), Oman’s honorary...

Al Sada holds high-level meeting in China 25 Jun 2014 - 01:34 am

H E Dr Mohamed bin Saleh Al Sada (left), the Minister of Energy and Industry, with NDRC Chairman Xu Shaoshi in Beijing. DOHA:...

Construction sector to expand by 14.1pc 25 Jun 2014 - 01:32 am

DOHA: Qatar’s construction sector is projected to expand by 14.1 percent in 2014, up from 13.6 percent in 2013, and may well accelerate...

World exports are stalling on weak global recovery: QNB 25 Jun 2014 - 01:32 am

Doha: World exports are stalling on a weak global recovery, QNB said in a report yesterday. According to a data released last week...

Qatar, ICANN deal to boost domain names 25 Jun 2014 - 01:29 am

H E Dr Hessa Sultan Al Jaber, the Minister of Communication and Information Technology, and Fadi Chehadé, President of ICANN, signing the MoU....

Total’s Sustainability Report showcases commitment to Qatar 25 Jun 2014 - 01:28 am

Caption Doha: Total E&P Qatar launched its Sustainability Report for 2013 during a ceremony organised on June 19, by the Ministry of Energy...

Dolphin Energy launches Stop and Think campaign 25 Jun 2014 - 01:26 am

Dolphin Energy team at the launch of the Stop and Think campaign. DOHA: In line with the company’s commitment to health, safety and...

Austria signs Russian pipeline deal 25 Jun 2014 - 01:25 am

OMV CEO Gerhard Roiss (left) and Gazprom CEO Alexei Miller after signing the deal in Vienna yesterday. VIENNA: Austria gave its final approval...

Vivendi shareholders’ meeting 25 Jun 2014 - 01:12 am

Vincent Bollore, the Vice-Chairman of Vivendi and largest shareholder, is projected on a giant screen as he and Vivendi’s outgoing Chairman Jean-Rene Fourtou...

Sensex gains 338 points; rupee snaps two-day fall 25 Jun 2014 - 01:11 am

Caption Mumbai: Snapping a four-day losing streak, a benchmark index of the Indian stock markets closed yesterday’s trade 337.58 points or 1.35 percent...

Abe unveils plan to boost growth 25 Jun 2014 - 01:10 am

TOKYO: Prime Minister Shinzo Abe unveiled a package of measures yesterday aimed at boosting Japan’s long-term economic growth, from phased-in corporate tax cuts...

Adidas World Cup sales to hit €2bn 25 Jun 2014 - 01:02 am

People walk through the headquarters of Adidas in Herzogenaurach, near Nuremberg yesterday. German sportswear firm expects to meet its target for €2bn euros...

Qatar Airways Cargo gets new Boeing 777 25 Jun 2014 - 01:02 am

Doha: Qatar Airways Cargo recently took delivery of its sixth Boeing 777 freighter. “The delivery of our sixth Boeing 777 freighter is a...

India’s power sector losses seen at $27bn by World Bank 25 Jun 2014 - 12:59 am

NEW DELHI: Annual losses in India’s dysfunctional power sector are forecast to rise to $27bn in 2017 unless the government enacts sweeping reforms...

Al Bidda Switchgear to start in August 25 Jun 2014 - 12:58 am

DOHA: Al Bidda Switchgear, a new electrical product manufacturing facility located in Industrial Area, with an installed capacity to produce up to 30,000...