Business

Oil near 17-month high as producers show unity 16 Dec 2016 - 09:45 pm

London: Oil rose yesterday, edging closer to new 17-month highs as producers showed signs of adhering to a global deal to reduce output....

Deutsche Bank admits misleading clients in dark pool trades 16 Dec 2016 - 09:45 pm

New York: Deutsche Bank AG agreed to pay $37m and admit to misleading customers about its dark pool stock-trading platforms to settle a...

Sumner Redstone to step down from Viacom board 16 Dec 2016 - 09:41 pm

New York: Controlling shareholder Sumner Redstone will step down from the Viacom (VIAB.O) board of directors after the company's annual meeting in February,...

US housing starts tumble from 9-year high 16 Dec 2016 - 09:41 pm

Washington: US home-building fell more than expected in November, tumbling from a nine-year high as construction activity declined broadly, the latest sign of...

QSE’s main index gained 170.18 points last week 15 Dec 2016 - 10:06 pm

Qatar Stock Exchange’s (QSE) main index gained 170.18 points, or 1.69 percent, last week when the bourse closed yesterday at 10,224.13 points. Trading...

Woqod to invest QR605m on fuel stations & other projects 15 Dec 2016 - 10:06 pm

Qatar Fuel (Woqod), the main retailer of petroleum products in the country, has announced to make a capital expenditure of QR605m on several...

Silicon Valley VCs are growing wary of on-demand delivery 15 Dec 2016 - 07:15 pm

Michael Moritz - chairman of Sequoia Capital and one of the most successful venture capitalists in history - says a simple vision led...

Drilling firms Rowan, Nabors aim to boost Saudi manufacturing 15 Dec 2016 - 06:03 pm

KHOBAR, Saudi Arabia: U.S.-listed Rowan Companies announced plans for its first rig from a new joint venture in Saudi Arabia and Nabors Industries...

Swedish island backs away from Russian gas project 15 Dec 2016 - 01:46 pm

STOCKHOLM, Sweden: Representatives from the Swedish municipality of Gotland, an island located in the Baltic Sea, backed away from plans to lease one...

10 Azeri oil workers missing after storm hits platform 15 Dec 2016 - 12:58 pm

BAKU: Ten workers have been missing after an Azeri oil platform partially collapsed early Thursday during a storm in the Caspian Sea, Azerbaijan's...

UDC finalises sale of The Pearl Office Tower 2 15 Dec 2016 - 01:37 am

United Development Company (UDC), a leading Qatari public shareholding company and master developer of The Pearl-Qatar, has finalised the sale of The Pearl...

Qatar's imports from US at $3.3bn 15 Dec 2016 - 01:34 am

A delegation of 18 American companies and over 30 US business executives took part in the “second US-Qatar Economic and Investment Dialogue” set...

Qatargas and RasGas host engineering forum 15 Dec 2016 - 01:34 am

More than 350 participants recently attended the 13th Annual Engineering Forum at Qatar National Convention Centre. Organised jointly by Qatargas and RasGas, the...

US students learn about Qatar Shell’s initiatives 15 Dec 2016 - 01:28 am

Qatar Shell hosted a group of graduate students from DePaul University, USA, who recently visited Qatar to learn about the nation’s entrepreneurship and...

QIIB relocates Farij Bin Omran branch to Bin Tawar building 15 Dec 2016 - 01:28 am

Qatar International Islamic Bank (QIIB) announced the relocation of its branch in Farij Bin Omran to Bin Tawar building, which is adjacent to...

Saudi Arabia said to identify firms for ‘national champions’ 15 Dec 2016 - 12:04 am

Saudi Arabia has hired consultants to advise on plans to create top global companies in industries from petrochemicals to telecommunications as it seeks...

How many jobs? Boeing's Iran deal goes big league 14 Dec 2016 - 11:59 pm

Boeing Co. can throw around "big league" numbers, too, Mr. President-Elect. The aircraft maker announced on Sunday that Iran Air would purchase 80...

China to fine US automaker 14 Dec 2016 - 01:08 pm

Beijing: China will slap fines on an unnamed US carmaker for monopolistic behaviour, the state-run China Daily said Wednesday, as rhetoric over trade...