Business

Long-term BP, Rosneft crude deal likely 01 Oct 2013 - 01:20 am

LONDON: BP is working on becoming the first oil major with a long-term deal to buy seaborne crude from Rosneft, trade sources said,...

Regulators may ease rules on securitised debts 01 Oct 2013 - 01:20 am

LONDON: Regulators are set to ease capital requirements on securitised debt within about two years to help wean banks off central bank money,...

Oil falls on worry over looming US shutdown 01 Oct 2013 - 01:20 am

NEW YORK: Brent crude oil fell yesterday, heading for its first monthly decline since May, as a looming US government shutdown clouded the...

Eads pledges financial help to core buyers 01 Oct 2013 - 01:19 am

SEVILLE: Europe’s Airbus pledged yesterday to help address financial difficulties faced by core European buyers of its A400M airlifter, as it tries to...

FBN-GCC holds first Doha meeting 01 Oct 2013 - 01:17 am

The guests and organisers during the dinner at St Regis Doha. Doha: The Family Business Network GCC (FBN-GCC) headed by Chairman Abdulaziz Al...

Japan reports weaker August factory data 01 Oct 2013 - 01:15 am

Cars to be exported are parked at a port in Yokohama, south of Tokyo. Japan’s industrial output slid 0.7 percent in August after...

Mideast funds bullish on Saudi: Survey 01 Oct 2013 - 01:15 am

DUBAI: Fund managers in the Middle East are set to pump more money into Saudi Arabia over coming months but may withdraw some...

Indonesia, EU seal pact to stop illegal timber exports 01 Oct 2013 - 01:03 am

BRUSSELS: Indonesia, Asia’s leading exporter of timber to Europe, yesterday signed a long-awaited pact with the European Union to fight the trade in...

Spain debt nears 100pc of GDP 01 Oct 2013 - 12:59 am

A man asks for alms outside a branch of Spanish BBVA bank in Madrid yesterday. Spain’s debt will rise to almost 100 percent...

Qatari bourse index slumps by 17.98 points 01 Oct 2013 - 12:58 am

Doha: Qatar Exchange index lost 17.98 points, or 0.19 percent, to 9,608.32 points from the previous closing of 9,626.30 points. The volume of...

Investors fret over Italian political uncertainty 01 Oct 2013 - 12:52 am

MILAN: Investors shunned Italian government bonds and shares yesterday after Silvio Berlusconi pulled the rug from under Prime Minister Enrico Letta’s frail coalition...

UK agrees fee structure, capital relief for mortgage plans 01 Oct 2013 - 12:52 am

MANCHESTER, England: Britain has agreed the capital relief and fee structure for its mortgage guarantee scheme which it plans to introduce in the...

Almarai prices corporate hybrid sukuk 01 Oct 2013 - 12:51 am

Riyadh: Saudi Arabian dairy producer Almarai has completed the first hybrid bond offer by a corporation in the Gulf, selling a SR1.7bn ($453.2m)...

Six percent rise in Qatar’s second quarter GDP 30 Sep 2013 - 01:15 am

DOHA: The value of Qatar’s Gross Domestic Product (GDP) in second quarter of 2013, at constant prices (2004), is estimated at QR88.83bn ($24.39bn)...

Gulf, Asian banks to fill void in plane financing: Airbus official 30 Sep 2013 - 01:14 am

DUBAI: Cash-rich Asian and Middle Eastern lenders are taking a larger share of the $100bn global aircraft financing market as Western rivals step...

Qatar to supply 13m tonnes of LNG to Seoul this year: Minister 30 Sep 2013 - 01:12 am

H E Dr Mohammed bin Saleh Al Sada with Qatari delegation and guests at the RasGas’ Korea Liaison Office Annual Reception in Seoul....

EMRQ field-tests remote gas detection device 30 Sep 2013 - 01:11 am

The Remote Gas Detection System installed on trial basis at the plant. DOHA: ExxonMobil Research Qatar (EMRQ) has begun field testing its Remote...

Back 2 Business networking event to begin on Wednesday 30 Sep 2013 - 01:10 am

Representatives from various business councils in Qatar and sponsors of the ‘Back 2 Business’ during a pre-event press conference at Grand Hyatt yesterday....