Business

Saudi Aramco says to expand capacity of east-west pipeline by end-2018 31 May 2016 - 02:22 pm

DUBAI: State-run Saudi Aramco plans to expand the capacity of its east-west crude pipeline to 7 million barrels per day by the end...

Qatar maintains high rank in world competitiveness yearbook 31 May 2016 - 01:09 pm

Doha: Qatar retained a top place in the 2016 edition of the annual World Competitiveness Yearbook, which is issued by the International Institute...

New Saudi energy minister shows he takes OPEC seriously 31 May 2016 - 12:45 pm

Khalid al-Falih, the new Saudi Minister of Energy, Industry and Mineral Resources Ministry, during his sworn in ceremony in Riyadh, Saudi Arabia May...

Australia to sell bitcoins confiscated as proceeds of crime 31 May 2016 - 12:23 pm

By ROD McGUIRK CANBERRA: About $13 million in bitcoins will be auctioned in Sydney in June after Australian police confiscated the digital currency...

Brent crude lower on strong Middle East oil output 31 May 2016 - 12:14 pm

By Ahmad Ghaddar LONDON: Brent crude prices fell on Tuesday on rising output from the Middle East and ahead of an OPEC meeting...

ECB detects higher private-sector loan growth 31 May 2016 - 11:33 am

Frankfurt: Growth of loans to the private sector in the euro area picked up slightly in April, European Central Bank data showed on...

Iran to sign $3 billion power plant deal with Turkish companies -Hurriyet 31 May 2016 - 11:03 am

ISTANBUL: Iran will soon sign a $3 billion investment deal with Turkish private companies on building a 5,000 megawatt power plant in Iran,...

US oil prices up as traders await China data, OPEC meeting 31 May 2016 - 10:55 am

Singapore: US crude rose in Asia Tuesday as investors awaited manufacturing data from China and before an OPEC meeting on production caps this...

Net profit down 19 pct at scandal-hit VW in 1st quarter 31 May 2016 - 10:25 am

FRANKFURT: Volkswagen saw net profit fall 19 percent in the first quarter as it struggled to deal with a scandal over cars equipped...

Bedaya hosts workshop on project financing 31 May 2016 - 05:00 am

Walid Saleh Hadeid speaking at the workshop. DOHA: The Bedaya Center for Entrepreneurship and Career Development (BedayaCenter), a joint initiative by Qatar Development...

KIA Motors set to introduce all-new Cadenza 31 May 2016 - 04:58 am

DOHA: The all-new, second-generation Kia Cadenza sedan has been designed and engineered to build on the international success of itsaward-winning predecessor, setting new...

QDB and Qatar Shell announce opportunities worth QR70m 31 May 2016 - 04:56 am

Abdulaziz bin Nasser Al Khalifa, Chief Executive Officer of Qatar Development Bank, with Michiel Kool, Managing Director and Chairman of Qatar Shell Companies,...

QNB ‘cautiously optimistic’ on GCC equities 31 May 2016 - 04:52 am

By Satish Kanady DOHA: QNB, the region’s largest lender, said yesterday it was cautiously optimistic about the short term investment outlook in the...

Ford recreates historic march to Aqaba with truck and SUV line-up 31 May 2016 - 04:26 am

The Ford Edge, one of the SUVs that will retrace the steps of the march of Aqaba. Doha: Ford is recreating one of...

Kuwait signs $4.4-bn airport project with Turkish firm 30 May 2016 - 05:01 pm

Kuwait City: Kuwait's Public Works Minister Ali al-Omair Monday signed a $4.4-billion (3.9-billion-euro) contract with Turkish firm Limak Construction for a new airport...

First sale for newly approved Israeli gas project 30 May 2016 - 12:41 pm

Jerusalem: The US-led consortium leading the development of Israel's offshore gas reserves has announced its first sales deal since a reworked agreement on...