Business

Widening budget deficit casts fresh gloom on British economy 22 Nov 2012 - 07:38 am

LONDON: Britain borrowed much more than expected in October, thwarting finance minister George Osborne in his efforts to reduce the deficit and shunt...

Production of aluminium to grow by 10pc 22 Nov 2012 - 07:37 am

Abdulrahman Ahmed Al Shaibi, Qatalum Chairman, addressing the Arab International Aluminium Conference in Doha yesterday. (Abdul Basit) BY MOHAMMAD SHOEB DOHA: Despite economic...

Qatar Exchange joins Middle East Investor Relations Society 22 Nov 2012 - 07:36 am

Doha: The Qatar Chapter of the Middle East Investor Relations Society announced yesterday that the Qatar Exchange (QE) has officially joined the established...

No serious dent on economy from sanctions: Iran central bank chief 22 Nov 2012 - 07:36 am

ISLAMABAD: Iran has avoided a “serious dent” to its economy from Western sanctions thanks to large gold reserves, high oil prices and reduced...

QFC to host seminar of tax experts today 22 Nov 2012 - 07:36 am

DOHA: The International Fiscal Association (IFA), a body of leading tax experts, and the Qatar Financial Centre (QFC) would hold a meeting of...

Renault to create 1,300 jobs in Spain, says prime minister 22 Nov 2012 - 07:35 am

PALENCIA: French car maker Renault plans to create 1,300 jobs at its factories in recession-hit Spain, Spanish Prime Minister Mariano Rajoy said yesterday....

Turkey faces enviable currency headache 22 Nov 2012 - 07:32 am

LONDON: Be careful what you wish for. Turkey’s long-awaited restoration to investment grade has the potential to turn into a policy headache for...

Gulf private sector boom still vulnerable 22 Nov 2012 - 07:31 am

ABU DHABI: Four years after a collapse of oil prices savaged Gulf Arab economies, private business activity in most of the region is...

Qatar Exchange index up 0.14pc; Egypt bourse rebounds 22 Nov 2012 - 07:31 am

Doha: Qatar Exchange pursued its upswing trend yesterday, adding 11.48 points or 0.14 percent to advance to 8,407.53 points from 8,396.05 on Tuesday. ...

Portugal pays higher rate for financing 22 Nov 2012 - 07:31 am

LISBON: Portugal had to pay increased interest rates to borrow ¤2bn ($2.6bn) yesterday but raised the amount it needed to complete its financing...

Exxon warning adds to Nigeria oil output problems 22 Nov 2012 - 07:04 am

ABUJA/GENEVA: ExxonMobil yesterday became the fourth oil major in a month to warn customers over delays to Nigerian oil and gas exports, adding...

$7bn QP-Qapco JV to go on stream in ’18 21 Nov 2012 - 07:22 am

HE Dr Mohammed bin Saleh Al Sada, the Minister of Energy and Industry, Chairman and Managing Director of QP (second right) addressing the...

Qtel signs $500m Islamic financing deal with QIB 21 Nov 2012 - 07:20 am

Dr Nasser Marafih (right), CEO of Qtel Group, and Ahmad Meshari, Acting CEO of QIB, during the signing ceremony. DOHA: Qatar Telecom (Qtel)...

GCC considers economic aid for Jordan, says UAE minister 21 Nov 2012 - 07:20 am

DUBAI: Gulf states are looking at ways to help Jordan’s ailing economy after a government decision to cut fuel subsidies sent energy prices...

Oil slips to $111 as supply outweighs Mideast worries 21 Nov 2012 - 07:19 am

LONDON: Oil fell to $111 a barrel yesterday as ample supplies outweighed worries over fighting between Israel and Palestinians in the Middle East....

Shareholders of Xstrata vote for Glencore deal 21 Nov 2012 - 07:18 am

Xstrata Chairman John Bond (left) accompanied by unidentified staff arrives for an extraordinary shareholder meeting in the Swiss town of Zug yesterday. LONDON/ZUG,...

Ericsson helps Iran telecoms; letter reveals long-term deal 21 Nov 2012 - 07:18 am

LONDON: The Swedish firm Ericsson is working with Iran’s largest mobile telecom operator to expand its network and has promised to support another...

Qatargas’ JBOG project crosses 10m man-hours safely 21 Nov 2012 - 07:17 am

Doha: The Qatargas Jetty Boil-off Gas Recovery (JBOG) Project achieved a major safety milestone of completing ten million man-hours without any lost time...