Business

Kuwaiti Deputy FM calls on oil production freeze 14 May 2016 - 02:28 pm

Tokyo: Kuwait's Deputy Foreign Minister Khaled Suleiman Al Jarallah has stressed the importance of reaching a consensus among oil-producing countries on an output...

Kuwait deputy FM says Iran, oil producers must not increase production 14 May 2016 - 10:22 am

DUBAI: Kuwait's deputy foreign minister Khaled Jarallah said oil exporting countries must freeze production and the market could not support a production increase...

G7 to take steps on global steel glut-draft 14 May 2016 - 08:57 am

A view inside a steel production facility at Shanxi Zhongsheng Steel in Fenyang, Shanxi Province, China, April 28, 2016. REUTERS/JOHN RUWITCH By Francesco...

Project Qatar 2016 attracts large number of visitors 14 May 2016 - 06:06 am

The Lusail City project site which the Project Qatar 2016 participants visited. Doha: The five-day International Construction Technology and Building Materials Exhibition (Project...

Spot prices for petrochemicals rise in April 14 May 2016 - 06:05 am

Caption DOHA: Spot prices for petrochemicals during April gained month-on-month (MoM) driven by recovery in crude prices as Brent crude recovered to $48.1/bbl...

Ryanair would cut investment in UK if it leaves EU 13 May 2016 - 04:22 pm

The Irish low-cost airline, Europe’s largest by passenger numbers, flies 40 million of its 100 million-plus passengers a year to and from the...

OPEC pumps more oil after freeze talks fail, says oversupply persists 13 May 2016 - 03:42 pm

Forecast drop in 2016 non-OPEC supply is uncertain OPEC output climbs in April; implied surplus rises Leaves 2016 oil demand growth view unchanged...

OPEC says oil glut 'may ease' by 2017 as non-cartel supply drops 13 May 2016 - 02:15 pm

A view of the OPEC Headquarter in Vienna. AFP Vienna: OPEC said Friday a global crude glut that has squeezed the market and...

Qatar Exchange index gains 192.64 points last week 13 May 2016 - 11:50 am

DOHA: Qatar Exchange’s (QE’s) benchmark index gained 192.64 points, or1.98 percent, during the past trading week when the bourse closed yesterday at 9,941.42...

GCC Ministers discuss issues of common concerns 13 May 2016 - 11:49 am

Minister of Economy and Commerce H E Sheikh Ahmed bin Jassim Al Thani attending the meeting of the GCC Commercial Cooperation Committee in...

Al Sada heads Qatar team to GCC Industrial Cooperation Committee Meeting 13 May 2016 - 11:46 am

DOHA: The 42nd meeting of the GCC Industrial Cooperation Committee kicked off in Riyadh yesterday. Qatar’s delegation was led by Minister of Energy...

India inflation quickens more than expected in April 12 May 2016 - 04:30 pm

New Delhi: India's consumer prices rose 5.4 percent in April from a year earlier, the statistics ministry said Thursday, a sharper increase than...

U.S.’s Kerry seeks to reassure European banks on Iran trade 12 May 2016 - 11:10 am

U.S. Secretary of State John Kerry (L) is met by Britain's Foreign Office minister Hugo Swire as he arrives at a summit on...

Nissan in talks to buy stake in scandal-hit Mitsubishi Motors 12 May 2016 - 08:54 am

A file picture dated 14 December 2010 shows Nissan Motor Co.'s Chairman and CEO Carlos Ghosn (L) and Mitsubishi Motors Corp.'s Chairman and...

Saudi Sipchem to recall sukuk before maturity: bourse filing 12 May 2016 - 08:47 am

DUBAI: Saudi International Petrochemical Company (Sipchem) plans to recall a sukuk maturing on July 6 three weeks early, it said in a bourse...

Baltic Exchange says talks still ongoing with potential buyers 12 May 2016 - 12:00 am

A wooden plaque is seen on a wall at The Baltic Exchange in the City of London, Britain March 2, 2016. Reuters/Toby Melville ...

GOIC and China firm sign MoU for Gulf rail network 12 May 2016 - 12:00 am

Ali Hamed Al Mulla, Assistant Secretary-General for Industrial Projects Sector, GOIC, receiving a model of the high-speed train from Zhou Zhiliang, Chairman, CRSC,...