Business

Greece lenders warn of ‘very large risks’ to bailout 18 Dec 2012 - 06:54 am

ATHENS: Political resistance and potential court challenges are among “very large” risks to reforms required for Greece’s bailout programme, the country’s European lenders...

GDF Suez to sell assets in Canada to reduce debt 18 Dec 2012 - 06:54 am

PARIS: Heavily-indebted French energy group GDF Suez announced yesterday the sale of 60 percent of its renewable energy interests in Canada worth ¤1.5bn...

Conservatives’ victory pushes yen down 18 Dec 2012 - 06:53 am

TOKYO: The yen plunged in Asian currency markets yesterday after Japan’s conservative opposition swept to victory in national polls, with promises from its...

Al Sada meets Deputy PM of Belgium 17 Dec 2012 - 04:25 am

H E Dr Mohammed bin Saleh Al Sada, the Minister of Energy & Industry and Chairman and Managing Director of Qatar Petroleum, met...

GCC markets in lacklustre mode 17 Dec 2012 - 04:24 am

DOHA: Despite global markets registering progressive gains during November, Qatar’s equity market, along with other GCC markets, carried its lacklustre sentiment through the...

QCB Governor to address opening ceremony of Qatar Project-2013 17 Dec 2012 - 04:24 am

DOHA: The Governor of Qatar Central Bank (QCB), H E Sheikh Abdullah bin Saud Al Thani, will address the opening ceremony of the...

GCC continues to propel KPMG’s growth 17 Dec 2012 - 04:23 am

DOHA: KPMG International (KPMG) has announced record-high combined revenues of $23.03bn for the fiscal year ending September 30, 2012, representing a 4.4 percent...

UAE central bank delays exposure, liquidity rules 17 Dec 2012 - 04:23 am

ABU DHABI: The central bank of the United Arab Emirates has postponed introducing restrictions on commercial banks’ exposure to state-linked debt and requirements...

Iran oil revenues down by half this year, says reportIran oil revenues down by half this year, says report 17 Dec 2012 - 04:23 am

DUBAI: Iran’s oil revenues have been cut in half this year compared with last year, a newspaper quoted Iran’s economic minister as saying,...

Cuba presses drive to strike black gold 17 Dec 2012 - 04:22 am

HAVANA: Cuba is moving fast to try to tap subsea oil wealth, and will start work in “days” with Russia’s Zarubezhneft, drilling this...

Qatari bourse index rises; Egypt climbs 17 Dec 2012 - 04:22 am

Doha: Qatar Exchange ended in the green yesterday adding 4.34 points (or 0.05 percent) to advance to 8,335.48 points from 8,331.14 on Thursday....

Renault taps Logan creator for $5,500 India car 17 Dec 2012 - 04:21 am

PARIS: Renault’s move into low-cost cars, which has kept the French auto maker afloat as mass-market peers drown in European losses, may soon...

Russia faces economic trap: EBRD 17 Dec 2012 - 04:20 am

MOSCOW: Russia, the world’s largest energy exporter, is becoming increasingly dependent on commodities and failing to prepare for falling oil output in 20...

Weekly Money Market Review with IBQ: Weakening dollar, with fiscal cliff frustration 17 Dec 2012 - 04:20 am

Markets started the week with a relatively stronger US Dollar, ahead of the Federal Open Market Committee. Uncertainty overwhelmed the greenback in the...

Weekly Commodity Update: Crude in 2013: Brent boxed into price range of $90 to $125 17 Dec 2012 - 04:12 am

By Ole Hansen (Head of Commodity Strategy, Saxo Bank) Brent Crude oil has, despite times of elevated uncertainty, been trading within a relative...

Qatari Diar opens Visitor Centre in Dushanbe 16 Dec 2012 - 01:18 am

Dignitaries during the opening of the Qatari Diar’s Visitor Centre in Dushanbe. Doha/Dushanbe: Qatari Diar Real Estate Investment Company, an international leader in...

Qatar produced 740,000b/d crude last year: QP 16 Dec 2012 - 01:18 am

DOHA: Qatar produced 740,000 barrels of crude a day (b/d) on average in 2011 with the average price per barrel of onshore oil...

SEC examined BoA’s mortgage purchases 16 Dec 2012 - 01:17 am

WASHINGTON/CHARLOTTE: Securities regulators have made inquiries into the mortgage repurchase practices at Bank of America Corp’s Countrywide unit, according to a transcript filed...