Business

Keystone XL pipeline passes one US legislative hurdle 16 Nov 2014 - 12:47 am

WASHINGTON: The US House of Representatives on Friday approved construction of the controversial Keystone XL pipeline to bring oil from Canada, but the...

G20 mulls overhaul of global energy market 16 Nov 2014 - 12:45 am

European Commission President Jean-Claude Juncker (centre) arrives for talks with German Chancellor Angela Merkel and Russian Presdient Vladimir Putin, during the G20 summit...

AAB expands portfolio 16 Nov 2014 - 12:44 am

Abdullah Abdulghani & Bros Co’s Commercial and Industrial Division (AAB-C&I) unveiled its latest range of automotive ancillary and industrial equipment at an event...

Greece exits slump after debt crisis 16 Nov 2014 - 12:40 am

ATHENS: Greece ended its worst recession in more than a half-century, emerging from a period marked by two bailouts and financial-market turmoil that...

Indonesia plans fuel price hike 16 Nov 2014 - 12:40 am

Indonesians line up to fill up their vehicles with subsidised-fuel at a petrol station in Jakarta on Friday. Indonesia’s central bank kept its...

Qatar to be world’s largest exporter of helium 16 Nov 2014 - 12:36 am

BY MOHAMMAD SHOEB DOHA: Qatar, the world’s largest exporter of liquefied natural gas (LNG), is on track to become the world’s leading exporter...

Iran, Venezuela urge oil price support 16 Nov 2014 - 12:35 am

DUBAI: Opec hawks Iran and Venezuela yesterday called on fellow crude producers to shore up prices that have plunged more than 30 percent...

New Port Project: Qatari firms win 53pc of total awarded contracts 16 Nov 2014 - 12:35 am

DOHA: Qatar’s New Port Project, which costs QR27bn, has awarded contracts worth a total of QR15.4bn so far. Of this, local companies won...

China economy experiencing period of pain, says minister 16 Nov 2014 - 12:34 am

BRISBANE: China’s economy is going through a “period of pain” as authorities try to shift it towards slower, more sustainable growth, with the...

Juncker urges global tax evasion fight 16 Nov 2014 - 12:34 am

BRISBANE: European Commission head Jean-Claude Juncker urged a global fight against tax evasion yesterday while defending his position after revelations top companies paid...

Iran to draw on wealth fund to withstand oil price slide 16 Nov 2014 - 12:33 am

DUBAI: Iran will draw on its sovereign wealth fund to cope with damage to its economy from plunging global oil prices, Iranian Oil...

EU okays Etihad, Alitalia alliance 16 Nov 2014 - 12:33 am

BRUSSELS: The European Commission on Friday approved a deal that will see Etihad Airways take a 49-percent stake in Alitalia, effectively rescuing the...

South Korea’s Iran oil imports drop in October 16 Nov 2014 - 12:33 am

SEOUL: South Korea’s imports of Iranian crude in the first 10 months of 2014 were below the 2013 average, meeting international sanction requirements,...

Nokia boosts long-term profit target 16 Nov 2014 - 12:32 am

STOCKHOLM: Nokia boosted its long-term profitability target as Chief Executive Officer Rajeev Suri makes progress with an effort to rebuild the Finnish company...

Oil price drop, merger talks feed energy sector deal speculation 16 Nov 2014 - 12:32 am

NEW YORK: Talks that could lead to oilfield services provider Halliburton Co buying rival Baker Hughes Inc may herald increased deal-making in the...

Bankers, regulators could be grilled over forex fines 16 Nov 2014 - 12:32 am

LONDON: British bank executives and regulators could be in line for public grillings following this week’s landmark international settlement over allegations of manipulation...

Oil prices to keep sliding: IEA 15 Nov 2014 - 09:45 am

A general view of the offshore Kristin oil and gas platform in the North Sea, east from Kristiansund. Norway looks set actually to...

Vietnam Airlines IPO 15 Nov 2014 - 09:44 am

A Vietnam Airlines aircraft prepares to land at Noi Bai airport in Hanoi yesterday. The national flag carrier raised $51.2m by selling 3.47...