Business

Mazaya not to merge with Mackeen 22 Jan 2015 - 02:00 am

DOHA: Mazaya Qatar Real Estate Development has decided not to proceed with its earlier decision to merge with Mackeen Holding. Mazaya’s board of...

Opec, oil companies clash at Davos 22 Jan 2015 - 01:46 am

DAVOS: Opec defended yesterday its decision not to intervene to halt the oil price collapse, shrugging off warnings by top energy firms that...

Qatar sends high-ranking team to Davos 22 Jan 2015 - 01:42 am

Doha: A high ranking delegation will represent Qatar in the 45th World Economic Forum Annual Meeting 20151. The Minister of Finance, H E...

China's economy not heading for 'hard landing': PM 21 Jan 2015 - 09:14 pm

Davos, Switzerland - China's economy is not set for a sharp slowdown, Prime Minister Li Keqiang told business and government elites gathered in...

OPEC says oil supply policy 'targets no country' 21 Jan 2015 - 09:03 pm

OPEC Head Says No Oil Target Price Set. Abdalla Salem el-Badri Calls for Continued Investment From Gulf Producers Davos, Switzerland - The shock...

Oil rebounds as market mulls price outlook 21 Jan 2015 - 09:00 pm

London - Oil prices rose Wednesday on bargain-hunting after sliding to near six-year lows a day earlier, while Iraq claimed the market was...

Dubai's Nakheel posts 43% surge in 2014 profits 21 Jan 2015 - 08:39 pm

Dubai - Dubai real estate giant Nakheel, hit badly during the global debt crisis, said Wednesday its profits surged 43 percent on year...

Kuwait to splash $100 bn on oil projects 21 Jan 2015 - 05:54 pm

KUWAIT--OPEC member Kuwait plans to spend about $100 billion in the next five years on oil projects to modernise the vital sector, the...

Oil export losses to reach $300 billion in Middle East 21 Jan 2015 - 05:11 pm

WASHINGTON -- Losses from lower oil exports should sap up to $300 billion from economies in the Middle East and Central Asia this...

Deadly attacks could have lasting impact on Paris tourism 21 Jan 2015 - 05:03 pm

PARIS-- The deadly attacks in Paris earlier this month could have a lasting impact on tourism if anti-France protests that have swept the...

Turkey central bank failing to 'get the message 21 Jan 2015 - 04:49 pm

ANKARA--Turkish President Recep Tayyip Erdogan on Wednesday slammed the central bank's 50 basis points reduction of a key interest rate as "insufficient," accusing...

France slows defence job cuts after Paris attacks 21 Jan 2015 - 04:30 pm

PARIS-- The French government said on Wednesday that it would cut 7,500 fewer defence jobs in the period from 2015 until 2019 than...

Shares in Italy coop banks up after reform bill green light 21 Jan 2015 - 03:46 pm

ROME--Shares in Italy's cooperative banks rose strongly Wednesday after Prime Minister Matteo Renzi's government approved a decree that will force the largest among...

China's e-commerce transactions hit $2 trillion in 2014 21 Jan 2015 - 03:40 pm

BEIJING--China's e-commerce boomed in 2014 with transactions reaching around 13 trillion yuan ($2.09 trillion), the government said Wednesday, as Beijing looks online for...

British unemployment hits new six-year low 21 Jan 2015 - 03:31 pm

LONDON--Britain's unemployment rate has hit another six-year low of 5.8 percent and wages are climbing in real terms, official data showed Wednesday. Economists...

German railway says drivers' strike cost 150 mn euros 21 Jan 2015 - 03:26 pm

BERLIN--The string of walkouts by German train drivers in the autumn cost national rail operator Deutsche Bahn more than 150 million euros ($174...

S. Africa's inflation at 6.1 percent for 2014 21 Jan 2015 - 03:21 pm

JOHANNESBURG--South Africa's average inflation rate rose to 6.1 percent for 2014, up from an average of 5.7 percent in 2013 and above the...

Oil prices have reached 'bottom 21 Jan 2015 - 01:52 pm

Iraqi Oil Minister KUWAIT CITY,--Iraqi Oil Minister Adel Abdul Mahdi predicted Wednesday that world prices would not fall much further after a plunge...