Business

QP sponsors Maintcon 2012 10 Dec 2012 - 12:23 am

Khalid Yousuf Al Sahlawi, Manager for Integrated Facilities of QP’s Dukhan Operations, handing over a gift to Shaikh Ahmed bin Mohammed Al Khalifa,...

GCC retail sector to reach $270bn by 2016: Report 10 Dec 2012 - 12:22 am

DOHA: The retail sector in the GCC has displayed strong resilience in the face of global economic downturn and is expected to reach...

Greece plans reopening debt buyback invitations 10 Dec 2012 - 12:22 am

ATHENS: Greece may ask for additional offers from bondholders in a debt buyback plan that forms part of its international bailout, Greek officials...

Azerbaijan bank plans $150m Islamic loan 10 Dec 2012 - 12:20 am

MANAMA: International Bank of Azerbaijan (IBA), the country’s biggest lender, plans to raise $150m through an Islamic syndicated loan early next year and...

Dhaka invites firms to explore gas 10 Dec 2012 - 12:19 am

DHAKA: Bangladesh yesterday invited bids from international companies to explore offshore oil and gas reserves, an official said, as the fast-growing economy seeks...

August cyber attack targeted all Saudi Arabia: Aramco 10 Dec 2012 - 12:19 am

DHAhran: Oil giant Saudi Aramco said yesterday that an August cyber attack on its computer network targeted not just the company but the...

General Motors to close plant in Germany 10 Dec 2012 - 12:18 am

Snow-covered new Opel cars just off the production line, parked at the Opel Works in Bochum, northwest Germany, before daybreak yesterday. In response...

Weekly Commodity Update: Commodities lose momentum as fiscal cliff and stronger dollar bite 09 Dec 2012 - 11:56 pm

By Ole Hansen (Head of Commodity Strategy, Saxo Bank) The first week of December saw commodity markets lose some of the positive momentum...

Weekly Money Market Review with IBQ: Fiscal cliff deal hopes support market sentiments 09 Dec 2012 - 11:55 pm

After five days of making higher lows and highs, the Euro outperformance ended after the European Central Bank press conference on Thursday. The...

Qatari bourse index slips by 5.65 points 09 Dec 2012 - 11:54 pm

Doha: Qatar Exchange index was down 5.65 points or 0.07 yesterday to reach 8,354.65 points from the previous closing of 8,360.30 points. The...

Business leaders present private sector trade priorities at WTO 09 Dec 2012 - 11:54 pm

DOHA/GENEVA: Business leaders presented to World Trade Organization (WTO) permanent ambassadors and representatives, at WTO headquarters in Geneva yesterday, their initial recommendations for...

Dubai announces first residential project in MBR City 09 Dec 2012 - 11:54 pm

DUBAI: Dubai developer Emaar Properties and an arm of Dubai Holding launched the first project in a planned multi-billion dollar flagship development yesterday...

China inflation rises to 2pc 09 Dec 2012 - 11:26 pm

Beijing: China’s inflation rate increased to 2.0 percent in November, official figures showed yesterday, in another sign of a continued rebound in the...

Pearl GTL named best oil & gas project 09 Dec 2012 - 02:12 am

Officials with the Best Mena Oil and Gas Project Award at the Adipec ceremony. DOHA: Pearl Gas to Liquids (GTL) project received yet...

Real estate top borrower in 2011: QCB 09 Dec 2012 - 02:06 am

DOHA: The lending patterns of banks here have been changing with real estate emerging as a key borrower, pushing the banking industry’s all-time...

Canada okays CNOOC, Petronas deals 09 Dec 2012 - 02:06 am

OTTAWA/HONG KONG: Canada approved China’s biggest ever foreign takeover, the $15.1bn bid by CNOOC Ltd for energy company Nexen Inc, after the Chinese...

US Air makes merger offer; AMR pilots approve deal 09 Dec 2012 - 02:05 am

NEW YORK: US Airways Group Inc has made a formal merger proposal to American Airlines parent AMR Corp and its creditors that could...

Qatar’s LNG reaches 23 nations: QNB report 09 Dec 2012 - 02:05 am

DOHA: With the phenomenal boom in Qatar’s LNG supply, the hydrocarbon rich country is diversifying its export destinations. In 2007, it exported gas...