Business

Nebras acquires 35.5% stake in Indonesian power firm 25 Dec 2016 - 10:12 pm

Nebras Power yesterday announced that it has completed the acquisition of a 35.5 percent stake in Indonesian utility firm PT Paiton Energy through...

Stocks could suffer as Trump trade policy takes shape 25 Dec 2016 - 10:08 pm

New York: The year-end stocks rally on the heels of the election of Donald Trump as US president was built on expectations of...

India’s top oil producer spends $1.2bn to buy gas block 25 Dec 2016 - 10:08 pm

Mumbai: India’s biggest oil and gas producer will pay as much as $1.2bn to buy a majority stake in a gas field off...

QInvest & Maceen Capital sign strategic agreement 25 Dec 2016 - 10:07 pm

QInvest, Qatar’s leading investment bank, and Maceen Capital, a Saudi joint stock investment company, signed a strategic distribution agreement to work in collaboration...

Ayala to buy Chevron assets in Philippines & Indonesia 25 Dec 2016 - 10:06 pm

Philippine property to banking conglomerate Ayala Corp said, two groups of companies in which its energy unit has stakes will acquire Chevron's geothermal...

Saudi Arabia to raise up to $15bn from bond markets 25 Dec 2016 - 10:06 pm

Dubai: Saudi Arabia laid out key elements of its borrowing plans for 2017 as the kingdom seeks to capitalise on investor demand for...

State budget boosts Saudi stocks while rest of Gulf sluggish 25 Dec 2016 - 09:59 pm

Dubai: Saudi Arabia’s stock market rose sharply on Sunday in response to the release of the 2017 state budget, which includes an increase...

Etisalat & Mobily discuss new alliance 25 Dec 2016 - 09:41 pm

Dubai: United Arab Emirates telecommunications conglomerate Etisalat said on Sunday that its management agreement with Saudi Arabian affiliate Mobily had expired and the...

Ezdan inaugurates first stage of The Curve Hotel 25 Dec 2016 - 09:09 am

Ezdan Holding Group has announced the launch of the first stage of ‘The Curve Hotel’, located in the heart of West Bay, Doha....

QDB & Al Meera sign MoU for cooperation 25 Dec 2016 - 09:08 am

In the interest of supporting local entrepreneurs, Qatar Development Bank (QDB) and Al Meera Consumer Goods Company signed a Memorandum of Understanding (MoU)...

QIC Insured opens branch in Abu Hamour 25 Dec 2016 - 09:07 am

QIC Insured, the retail arm of QIC, Qatar’s flagship insurer yesterday announced the opening of its branch in Abu Hamour and kiosks at...

Gulf Contracting Company celebrates milestone 25 Dec 2016 - 09:05 am

Gulf Contracting Company (GCC), one of the foremost construction and infrastructure contractors in Qatar held a ceremony recently to mark the commencement of...

Saudi Aramco plans to sell up to 49 pct over 10 yrs 24 Dec 2016 - 02:37 pm

DUBAI: State oil giant Saudi Aramco plans to sell 49 percent of its shares over the next 10 years, Saudi newspaper al-Eqtisadiah reported...

Wall Street closes higher on tech gains 24 Dec 2016 - 01:25 pm

NEW YORK: Tech stocks led the way Friday to a higher close on Wall Street. American automaker and energy storage company Tesla saw...

Qatargas announces successful commercial start-up of Laffan Refinery 24 Dec 2016 - 11:37 am

Doha: Qatargas on Saturday announced the commercial start-up of Laffan Refinery 2, marking a major milestone in the expansion of refining capacity in...

Deutsche Bank to settle US probe for $7.2bn 24 Dec 2016 - 12:16 am

Zurich: Deutsche Bank AG said it reached a $7.2bn agreement to resolve a years-long US investigation into its dealings in mortgage-backed securities, removing...

Saudi eyes $53bn plan for private sector 24 Dec 2016 - 12:14 am

Riyadh: Saudi Arabia’s government plans to provide 200bnn riyals ($53bn) of incentives to the private sector over the next four years in its...

Limited room for China to tighten policy as debt fear rises 24 Dec 2016 - 12:12 am

Beijing: China’s leadership is signalling growth will slow slightly in 2017, policy advisers say, as it struggles to strike a balance between supporting...