Business

Exports of GTL naphtha to increase: Tasweeq CEO 14 Jan 2013 - 01:06 am

DOHA: With a full operating capacity of Pearl GTL Train2, exports of Pearl GTL naphtha are expected to increase to over one million...

UAE central bank plans broad mortgage rules by mid-2013 14 Jan 2013 - 01:06 am

ABU DHABI: The central bank of the United Arab Emirates plans to issue broad regulations governing the housing mortgage industry by the middle...

Brash Brands puts Seef Lusail on map 14 Jan 2013 - 01:05 am

Officials shaking hands in Doha. DOHA: Brash Brands has announced its latest brand launch Seef Lusail, an exciting new destination brand. The partnership...

Doha Bank Board decides to increase share capital 14 Jan 2013 - 01:04 am

Sheikh Fahad bin Mohammad bin Jabor Al Thani DOHA: Doha Bank’s Board of Directors has discussed the instruments of the proposed 50 percent...

Qatar Airways confirms selling 35 percent Cargolux stake 14 Jan 2013 - 01:04 am

DOHA: Qatar Airways has sold its entire 35 percent stake in freight-only airline Cargolux, the chief executive of Qatar Airways confirmed yesterday. “We...

Qatari bourse index dips by 1.1 percent 14 Jan 2013 - 01:04 am

Doha: Qatar Exchange was down 96.98 points or 1.10 percent to 8,684.72 points yesterday from the previous closing of 8,781.70 points. Among the...

Kuwait’s budget surplus at $52bn 14 Jan 2013 - 01:03 am

KUWAIT: Kuwait’s government budget surplus stood at 14.7bn dinars ($52bn) in the first eight months of its fiscal year thanks to strong oil...

IMF deal will help Egypt’s ailing economy, says EU’s Rompuy 14 Jan 2013 - 01:03 am

CAIRO: A senior EU official urged Egypt yesterday to conclude its talks with the International Monetary Fund on a $4.8bn loan agreement, saying...

First world atlas on renewable energy launched 14 Jan 2013 - 01:03 am

ABU DHABI: The International Renewable Energy Agency (Irena) yesterday launched the world’s first atlas on clean energy which will offer open-access information on...

Kingdom Holding sells land for $80m 14 Jan 2013 - 01:02 am

DUBAI: Saudi Arabia’s Kingdom Holding, the investment vehicle owned by billionaire Prince Alwaleed bin Talal, has sold a plot of land east of...

Weekly Commodity Update: Commodities not finding traction despite dollar weakness 14 Jan 2013 - 01:00 am

By Ole Hansen (Head of Commodity Strategy, Saxo Bank) Commodities continued to show weakness into the second week of 2013 despite rising stock...

Lifestyle trade fair 13 Jan 2013 - 11:35 am

Souvenir vendor Soenke Preuss displays a miniature model of the ocean liner Titanic during the lifestyle trade fair ‘early bird’ in Hamburg, yesterday....

QFIB, SPPC successfully close ENPI deal 13 Jan 2013 - 11:31 am

High ranking officials from Saudi Arabia, Qatar and the UAE at the ceremony to close the ENPI deal. DOHA: QFIB, Qatar’s first independent...

Investors get richer by over QR21bn 13 Jan 2013 - 11:31 am

DOHA: Investors on the Qatari bourse have become richer by over a huge QR21bn ($5.75bn) in barely seven trading days since the dawn...

GTL experts gather in Doha for first industry congress 13 Jan 2013 - 11:30 am

DOHA: Global gas-to-liquid (GTL) leaders from the US to Japan are here in GTL’s Capital to initiate a new course of direction for...

Mena to pump $250bn into power projects in five years 13 Jan 2013 - 11:30 am

DOHA: The Middle East and North African (MENA) countries are expected to pump nearly $250bn into power projects over the next five years...

Qtel offers business products through Almana 13 Jan 2013 - 11:27 am

Doha: Qtel customers can now request business products and services through Almana Networks, thanks to a new partnership between the two companies. This...

Non-oil sector drove GCC GDP growth last year: QNB Group 13 Jan 2013 - 11:27 am

Doha: Real GDP growth in the GCC is likely to have slowed from 7.8 percent in 2011 to an estimated 5.7 percent in...