Business

New Saudi refinery to start diesel exports by second quarter in 2013 20 Oct 2012 - 04:09 am

SINGAPORE: A new refinery in Saudi Arabia that is a joint venture of Saudi Aramco and France’s Total is likely to start diesel...

UK engineers create petrol from air, water 20 Oct 2012 - 04:09 am

LONDON: A small British company has developed a way to create petrol from air and water, technology it hopes may one day contribute...

Islamic finance body hires new chief executive 20 Oct 2012 - 04:09 am

KUALA LUMPUR: The International Islamic Liquidity Management Corp (IILM), a company backed by central banks located mainly in Asia and the Middle East,...

Airbus plans to double US spending 20 Oct 2012 - 04:08 am

WASHINGTON: European aircraft maker Airbus said yesterday that it plans to double its annual spending with US companies to some $24bn in the...

European stocks sink 20 Oct 2012 - 04:02 am

LONDON: European equities fell yesterday, hit by a lack of rapid progress towards full EU banking union at a key summit, while traders...

WTO hands Obama victory in US-China steel case 20 Oct 2012 - 04:02 am

GENEVA/WASHINGTON: The World Trade Organisation barred China yesterday from imposing duties on certain US steel exports, siding with US President Barack Obama in...

Iran’s shipping woes delay crude deliveries to China 20 Oct 2012 - 04:01 am

BEIJING/SEOUL: Iranian crude volumes received by China have been below contracted levels since September, because Iran’s tanker fleet, the sole transporter of its...

US home resales slip 20 Oct 2012 - 04:01 am

WASHINGTON: US home resales retreated in September from a two-year high, a reminder that America’s housing sector is a long way from a...

Brent, US crude fall 20 Oct 2012 - 04:00 am

NEW YORK: Brent and US crude futures fell more than $1 yesterday as fears of extended supply interruptions, the dollar strengthened on a...

N-KOM wins ‘Shipyard of the Year’ Award 19 Oct 2012 - 04:28 am

An N-KOM official receiving the award recently. DOHA: Nakilat-Keppel Off-shore & Marine (N-KOM) has been awarded ‘Shipyard of the Year’ at Lloyd’s List...

Gulf Islamic banks ready to step in as HSBC pulls back 19 Oct 2012 - 04:28 am

SYDNEY: Four days after HSBC Holdings said it would shrink its global Islamic banking operations, National Bank of Abu Dhabi revealed very different...

QE market capitalisation increases to QR468.23bn 19 Oct 2012 - 04:27 am

DOHA: Qatar Exchange’s main index gained 63.53 points or 0.75 percent last week to close at 8,542.14 points. Trading value last week increased...

Oil falls to $112 a barrel 19 Oct 2012 - 04:26 am

LONDON: Oil dropped to $112 a barrel yesterday, pressured by signs of a healthier supply outlook and a rise in US jobless claims,...

Medicare Group’s profits rise 19 Oct 2012 - 04:26 am

DOHA: Medicare Group posted a 22 percent growth in it’s net operational profits for the nine month period ended September 30, 2012, compared...

Mannai Corp net profit up by 47 percent 19 Oct 2012 - 04:22 am

DOHA: Mannai Corp-oration has posted a net profit of QR 299.9m for the nine month period ended September 30, 2012, up 47 percent...

Merkel, Hollande differ on euro crisis at summit 19 Oct 2012 - 04:21 am

BRUSSELS: EU leaders began a summit meeting yesterday amid sharp French and German differences over how to tackle the bloc’s crisis and as...

ExxonMobil seeks to quit Iraq oil project 19 Oct 2012 - 04:20 am

LONDON: ExxonMobil wants to leave its flagship Iraqi oil project after upsetting Baghdad by signing a deal last year with the autonomous northern...

Expert stresses role of climate change and sustainability for future growth 19 Oct 2012 - 04:20 am

Doha: Senior professionals from the oil and gas, real estate, construction and banking industry yesterday discussed the system of megaforces important for business...