Business

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...

QInvest signs $106.7m co-financing pact 19 Nov 2012 - 08:20 am

Officials at the signing ceremony. DOHA: Mazaya Qatar Real Estate Development Company QSC has signed a dual-currency, $106.7m 8-year syndicated facility to finance...

Qatar to invest $13.1bn in power sector 19 Nov 2012 - 08:20 am

By Satish Kanady DOHA: Qatar is set to invest an estimated $13.1bn in power sector during the next eight years. Most of the...

PM to open Euromoney meet 19 Nov 2012 - 08:19 am

DOHA: Euromoney Qatar Conference, the major event set for Qatar in December, has announced its opening day line-up of financial experts from around...

Qatari bourse index down 0.84 percent 19 Nov 2012 - 08:19 am

Doha: Qatar Exchange index was down 71.17 points or 0.84 percent to 8,377.32 points yesterday from the previous closing of 8,448.49 points. Among...

Mahmoud Malkawi is Ahli Bank Acting CEO 19 Nov 2012 - 08:17 am

DOHA: The Board of Directors of Ahli Bank recently appointed Mahmoud Malkawi as Acting CEO. Malkawi was previously the Deputy CEO - Corporate...

Emaar’s apartment sales jump in third quarter 19 Nov 2012 - 08:07 am

DUBAI: Emaar Properties’, revenue from apartments sales more than tripled in the third quarter, helping Dubai’s largest developer overcome a sharp decline in...

Doha meet provides Mena input on Business World Trade Agenda 19 Nov 2012 - 08:06 am

Qatar Chamber and ICC Qatar Chairman Sheikh Khalifa bin Jassim bin Mohammed Al Thani (centre) with other officials in Doha. DOHA: Business leaders...

Aviation Business honours Qatar Executive 19 Nov 2012 - 08:05 am

Dubai: Qatar Airways’ corporate jet division Qatar Executive has been honoured with the Best Business Aviation Operator of the Year 2012 award by...

Asia-Pacific to launch talks on giant free trade zone 19 Nov 2012 - 08:03 am

PHNOM PENH: Southeast Asian nations will launch talks this week for a giant free trade pact with China, Japan, India and other neighbours...

Zuari plans fertiliser plant in the UAE 19 Nov 2012 - 08:02 am

ABU DHABI: Indian fertiliser maker Zuari Industries has signed a memorandum of understanding to set up an $800m manufacturing facility in the UAE....

Tunisia needs $4.4bn in loans, aid next year, says Minister 19 Nov 2012 - 08:02 am

TUNIS: Tunisia’s government will need about 7bn dinars ($4.4bn) of loans and aid next year as it proceeds with a costly plan to...

Google’s Android is eating Apple’s lunch 19 Nov 2012 - 08:01 am

SAN FRANCISCO: Smartphones and tablets powered by Google’s Android software are devouring the mobile gadget market, eating into Apple’s turf by feeding appetites...

Weekly Money Market Review with IBQ: Fiscal cliff worries markets 19 Nov 2012 - 08:00 am

Since the end of the US election, the US dollar index failed to make news highs despite the sharp drop in stocks. The...

Weekly Commodity Update: Brent hovers, copper stabilises and palladium shines 19 Nov 2012 - 07:58 am

By Ole Hansen (Head of Commodity Strategy, Saxo Bank) Risk adversity caused by worries about the outlook for global economic growth continues to...

Lancer Fortis hits Doha roads 18 Nov 2012 - 01:41 am

The Qatar Automobile Company (QAC), a subsidiary of Nasser Bin Khaled Group (NBK), launched Mitsubishi Lancer Fortis saloon cars in Doha yesterday. Katsuya...

Qatar move puts mega merger deal in sight 18 Nov 2012 - 01:41 am

LONDON: Glencore Interna-tional’s $31bn bid for control of Xstrata has never looked so certain after the sovereign wealth fund of Qatar threw its...

Human Development Majlis discusses new trends 18 Nov 2012 - 01:40 am

Participants who attended Qatar’s first Human Development Majlis in Doha. DOHA: Msheireb Enrichment Centre hosted Qatar’s first Human Development Majlis, where decision makers,...