Business

Oil slips to $45 as glut overshadows hope for producer action 09 Aug 2016 - 11:49 am

The Pioneering Spirit, the largest ship in the world, by Swiss-Dutch offshore company Allseas, leaves the harbour of Rotterdam on August 6, 2016,...

Qatar market rises 130.86 points to nine-month high 09 Aug 2016 - 12:00 am

DUBAI: Stock markets in Qatar and Egypt closed at multi-month highs yesterday on the back of firm global bourses, while Saudi Arabia’s stock...

Doha Bank bags Qatar Domestic Trade Finance Bank of the Year award 09 Aug 2016 - 12:00 am

DOHA: Doha Bank, one of the leading private commercial banks in Qatar, has been recognized as ‘Qatar Domestic Trade Finance Bank of the...

Qatar Airways in ‘100 Global Challengers’ 09 Aug 2016 - 12:00 am

By Mohammad Shoeb DOHA: Qatar Airways is among five GCC companies in the list of ‘100 Global Challengers’ from emerging markets which are...

Investcorp to sell Tyrrells to Amplify for £300m 09 Aug 2016 - 12:00 am

DOHA: Investcorp, a global provider and manager of alternative investment products, which has extensive operations in the GCC region, including Qatar, yesterday announced...

Soccerex to highlight World Cup business opportunities in Qatar 09 Aug 2016 - 12:00 am

DOHA: Soccerex, the global football business event provider, will be staging a new two day Forum in Qatar on 5-6 December 2016, with...

Turkey seeks more Qatari investments 09 Aug 2016 - 12:00 am

Ahmet Demirok, Turkey’s ambassador to Qatar, and Muhammed bin Ahmed bin Towar Al Kuwari, Vice Chairman of Qatar Chamber, with members of Turkish...

Oil market on the path to rebalancing: Al Sada 09 Aug 2016 - 12:00 am

By Satish Kanady DOHA: Sounding a positive note about the crude-oil market, Minister of Energy and Industry H E Dr. Mohammed bin Saleh...

Wal-Mart to buy US online retailer Jet.com for $3.3 bln 08 Aug 2016 - 06:45 pm

(Filephoto/AFP) New York: Wal-Mart Stores announced Monday that it will acquire e-commerce company Jet.com for $3.3 billion as it beefs up its online...

Oil rises on fresh production freeze calls report 08 Aug 2016 - 03:11 pm

A worker walks past oil pipes at a refinery in Wuhan, Hubei province March 23, 2012. (REUTERS/Stringer/File Photo) By Libby George LONDON: Oil...

Oil market on path to rebalancing, OPEC monitoring situation: Qatar 08 Aug 2016 - 10:47 am

HE Dr Mohammed bin Saleh Al Sada DUBAI: Qatar's energy minister said on Monday the oil market is on the path to rebalancing...

QIB offers online travel takaful plan to customers 08 Aug 2016 - 01:44 am

DOHA: Qatar Islamic Bank (QIB) has introduced online instant purchase for the Travel Takaful plan, underwritten by Damaan Islamic Insurance Company (Beema) and...

Oil plunge and low GDP could lead to higher NPLs 08 Aug 2016 - 01:42 am

By Satish Kanady DOHA: The GCC countries should be wary and aware of the impact of oil price plunge on their respective banking...

Melia Doha appoints Sherief Abouelmagd as GM 08 Aug 2016 - 01:37 am

Sherief Abouelmagd DOHA: Melia Doha, the first Spanish five-star hotel in Qatar, located in the West Bay area, has announced the appointment of...

Qatar market gains 1.01%; GCC on strong footing 08 Aug 2016 - 01:33 am

DUBAI: Strength in international equities markets at the end of last week helped lift share prices in the Gulf yesterday with markets most...

Mezzan Holding’s Qatar revenue up 14.2 percent in the first half 08 Aug 2016 - 01:31 am

Mezzan Holding CEO Garry Walsh addressing a meeting. DOHA: Mezzan Holding KSC, one of the largest manufacturers and distributors of food, beverage, FMCG...

Kahramaa receives Sharjah Electricity & Water Authority team 08 Aug 2016 - 01:20 am

Kahramaa Conservation and Energy Efficiency Department officials with a delegation from Sharjah Electricity & Water Authority in Doha. DOHA: Qatar General Electricity &...

UK opens corruption probe into Airbus jet sales 08 Aug 2016 - 12:00 am

FILE PHOTO: An Airbus A350 aircraft flies in formation with Britains Red Arrows flying display team at the Farnborough International Airshow in Farnborough,...