Business

Coal use to surpass oil in a decade: IEA 19 Dec 2012 - 04:08 am

PARIS: Coal is set to surpass oil as the world’s top fuel within a decade, driven by growth in emerging market giants China...

Etihad buying majority of Air Berlin ‘topbonus’ 19 Dec 2012 - 04:06 am

FRANKFURT: Gulf carrier Etihad is buying a 70 percent stake in Air Berlin’s frequent-flyer programme, injecting cash into the loss-making German airline as...

Al Habtoor puts off flotation 19 Dec 2012 - 04:06 am

DUBAI: Al Habtoor Group, one of Dubai’s leading family-owned firms, has postponed plans to raise as much as $1.6bn in a move blamed...

Spain’s bad bank leaps key hurdle 19 Dec 2012 - 04:05 am

MADRID: Spain’s “bad bank”, key to cleaning up the bad-loan ridden financial system, said Tuesday it had met its first money-raising target by...

EU puts €1.2bn into pilot renewable energy projects 19 Dec 2012 - 04:04 am

BRUSSELS: The European Commission announced yesterday that it was putting ¤1.2bn ($1.56bn) into renewable energy demonstration projects but had found no carbon capture...

Qatar dealing with rising number of STRs 19 Dec 2012 - 02:13 am

By Satish Kanady DOHA: Suspicious money transactions and financial deals are on the rise in Qatar. The Qatar Financial Information Unit (QFIU) is...

E-car recharge spot 18 Dec 2012 - 07:02 am

The first e-car sharing service is opened at the Potsdamer Platz in Berlin, Germany yesterday. Cars can be recharged at three different spots.

Qatar to be key player in renewable energy 18 Dec 2012 - 07:02 am

DOHA: As the Middle East and North African (Mena) countries set to emerge as a major renewable energy force, Qatar is getting ready...

Potanin named Norilsk CEO under Kremlin deal 18 Dec 2012 - 06:59 am

MOSCOW: Norilsk Nickel named longtime co-owner Vladimir Potanin as its chief executive yesterday under a Kremlin-inspired deal to end a boardroom war at...

QIIB plans to raise number of board members 18 Dec 2012 - 06:59 am

DOHA: The Board of Directors has recommended the Qatar International Islamic Bank (QIIB) to amend an article of the Qatari bank’s articles of...

Budget hopes lift US crude while Brent seesaws 18 Dec 2012 - 06:58 am

NEW YORK: Oil prices were mixed in choppy trading yesterday, with Wall Street equities and US crude futures receiving support from optimism that...

Etihad in final talks for Indian carrier stakes 18 Dec 2012 - 06:58 am

NEW DELHI/DUBAI: Gulf carrier Etihad Airways, seeking to widen operations in India and other Asian markets, is in the final stages of talks...

Kuwait budget surplus surges 18 Dec 2012 - 06:57 am

KUWAIT CITY: Kuwait’s provisional budget surplus surged 43 percent to Dh14.7bn ($52.2bn) in the first seven months of the fiscal year, boosted by...

Iraqi Kurdish oil exports fall below 30,000b/d 18 Dec 2012 - 06:57 am

ARBIL: Oil exports from Iraq’s autonomous Kurdistan region have fallen to an average of below 30,000 barrels per day (b/d), industry sources said...

Egypt’s rising fuel bill reflects energy crisis 18 Dec 2012 - 06:56 am

LONDON: Egypt is becoming increasingly dependent on fuel imports as it uses oil to pay off debts instead of refining the crude at...

Saudi aviation body to allow price rises 18 Dec 2012 - 06:56 am

RIYADH: Saudi Arabia will review fuel prices and give its civil aviation body powers to allow fare increases as it struggles to move...

Qatar Exchange index adds 15.26 points 18 Dec 2012 - 06:55 am

Doha: Qatar Exchange pursued its upswing trend yesterday, adding 15.26 points (or 0.18 percent) to advance to 8,350.74 points from 8,335.48 on Sunday. ...

India forecasts lowest growth in a decade 18 Dec 2012 - 06:55 am

NEW DELHI: India yesterday cut its growth forecast for the current fiscal year to just under six percent, putting Asia’s third-largest economy on...