Business

Qatar construction projects valued at $250bn 21 Nov 2012 - 07:13 am

DOHA: Qatar’s ongoing construction projects are valued at more than $250bn, with infrastructure attracting 34 percent of the total investments. In addition, $100bn...

Al Meera signs deal to acquire Oman’s Safeer 21 Nov 2012 - 07:12 am

Doha: Al Meera Holding, a subsidiary of Al Meera Consumer Goods Company, and Al Meera Development Company have signed a Sale and Purchase...

Saudi firms fear new year gas price rise 21 Nov 2012 - 07:11 am

RIYADH: Some Saudi petrochemical producers fear a possible rise in the price they pay for gas will impact profits starting early next year,...

Arab aluminium meet begins today 20 Nov 2012 - 12:42 am

ARABAL officials Abdul Aziz Daylami, Mohamed Al Naki, Ibrahim J Fakhri, Mohamed Yahya, Jamell Shameel and Abdul Rahim Al Hashmi, at a press...

Qatar to invest $1.3bn in Italian firms 20 Nov 2012 - 12:41 am

DOHA: Qatar agreed yesterday to invest as much as ¤1bn ($1.3bn) in Italian companies, aiding efforts by Italy’s Prime Minister Mario Monti to...

Three made-in-Qatar tug boats launched 20 Nov 2012 - 12:40 am

Chairman and Managing Director of Milaha Sheikh Ali bin Jassim Al Thani releases the ceremonial bottle to name one of the vessels yesterday. ...

Emir to open Qapco’s third LDPE plant today 20 Nov 2012 - 12:39 am

DOHA: Qatar Petrochemical Company (Qapco) will officially launch the operations of the new Low Density Polyethylene third plant (LDPE 3) today when the...

Qatar to host first World GTL Conference 20 Nov 2012 - 12:37 am

Abdullah Al Naemi, Marketing Director, Tasweeq; Ettienne Rademeyer, CEO, Oryx GTL; Ali Ahmed Ali Thani Al Suwaidi, Head of Events, Qatar Petroleum; and...

GDI signs $34m deal to provide life boat services to Dolphin 20 Nov 2012 - 12:36 am

Doha: Gulf Drilling International Limited (GDI) announced the signing of a contract valued at an estimated $34m to provide lift boat services to...

Positive movements in real estate market 20 Nov 2012 - 12:35 am

DUBAI: Kuwait’s Global Investment House will ask shareholders to approve delisting its shares from the bourse after failing to secure a regulatory waiver...

EGIS opens office 20 Nov 2012 - 12:32 am

Jean-Chrstophe Peaucelle, French Ambassador (left) with Nicolas Nicolas Jachiet, CEO of “EGIS”, at a reception hosted to mark the opening of EGIS office...

GIH seeks shareholder nod for bourse delisting 20 Nov 2012 - 12:32 am

DUBAI: Kuwait’s Global Investment House will ask shareholders to approve delisting its shares from the bourse after failing to secure a regulatory waiver...

Talco props up Tajik growth 20 Nov 2012 - 12:29 am

A general view of the Tajikistan Aluminium Co’s aluminium smelter complex, known as Talco, in the town of Tursunzade, some 50km west from...

Qatar bourse index adds 3.60 points 20 Nov 2012 - 12:29 am

Doha: Qatar Exchange index yesterday added 3.60 points or 0.04 percent to advance to 8,380.92 points from 8,377.32 on Sunday. The volume of...

Iraq industries attract growing investment 20 Nov 2012 - 12:28 am

BAGHDAD: Iraqi industry is beginning to shake off the legacy of years of violence and economic decline, with private investment in the sector...

Egypt to offer $1.5bn in treasury bills 20 Nov 2012 - 12:28 am

CAIRO: Egypt’s central bank said it would offer $1.5bn in one-year dollar-denominated treasury bills at a November 26 auction, rolling over bills maturing...

RBS Irish unit fined $2.5m over capital rules 20 Nov 2012 - 12:28 am

DUBLIN: The Irish Central Bank has fined Royal Bank of Scotland’s Irish unit ¤2m ($2.5m) for violating liquidity and capital rules, in the...

Saudi oil burning hits record high this year 20 Nov 2012 - 12:27 am

DUBAI: Saudi Arabia burned record volumes of crude oil over the summer, official government figures show, contrary to its aim of using more...