Business

APR suspends power generation in Libya 08 Nov 2014 - 08:18 am

London: APR Energy Plc, which runs temporary power plants, suspended electricity generation in Libya and said its results could be hurt, a warning...

Shipping firms scramble to source fuel 08 Nov 2014 - 08:18 am

SINGAPORE/COPENHAGEN: Traders and shipping companies scrambled to source fuel and take over supply contracts yesterday after Danish marine fuel supplier OW Bunker said...

Jet Airways reports first quarterly profit in two years 08 Nov 2014 - 08:17 am

NEW DELHI: Struggling Jet Airways, one of India’s biggest carriers, reported yesterday a quarterly profit for the first time in two years, boosted...

German rail strike 08 Nov 2014 - 02:10 am

Passengers enter a U-Bahn underground train during a nationwide strike by Germany’s train drivers’ union GDL, at Alexanderplatz underground station in Berlin yesterday....

Opec sees its oil market share shrinking 07 Nov 2014 - 03:35 am

LONDON: Opec’s oil market share is set to be 5 percent smaller by 2018 as supply of US shale oil grows faster than...

Qatar will always support its partners: Al Sada 07 Nov 2014 - 03:33 am

Tokyo: Qatar is committed to maintaining its long-term relationship, reputation and world confidence as a reliable LNG supplier and will always be supporting...

Gold edges off four-year low 07 Nov 2014 - 03:31 am

A shop assistant arranges gold accessories at a store in Lin’an in China’s Zhejiang province yesterday. Gold edged higher as a slump in...

Corpbank loses licence 07 Nov 2014 - 03:26 am

Depositors queue outside the main office of Bulgaria’s Corporate Commercial Bank (Corpbank) in Sofia yesterday. Bulgaria’s central bank has revoked the licence of...

Preparations for Apec 07 Nov 2014 - 03:26 am

Chinese visitors admire the decorations near the venue of the Asia-Pacific Economic Cooperation (Apec) summit in Beijing yesterday. Leaders of more than half...

ECB is ready for more policy action if needed 07 Nov 2014 - 03:23 am

FRANKFURT: European Central Bank members all stand ready to take more policy action if needed to revive a struggling euro economy and the...

Abu Dhabi fund holding off on Virgin Galactic decision 07 Nov 2014 - 03:22 am

ABU DHABI: The Abu Dhabi fund which owns a major stake in Virgin Galactic will wait for results of the probe into last...

OECD urges ECB to step up monetary support plan 07 Nov 2014 - 03:22 am

PARIS: The OECD urged the European Central Bank to step up support for the eurozone economy that its sees as posing a major...

Al Khaliji expands ATM network 07 Nov 2014 - 03:22 am

DOHA: Al Khalij Commercial Bank QSC has announced the latest expansion of its auto-teller machine (ATM) network, with new offsite ATMs now available...

India needs $250bn to tackle energy crunch 07 Nov 2014 - 03:22 am

NEW DELHI: India needs to invest $250bn over the next five years to tackle chronic energy shortages and provide power for all its...

Global energy demand soaring 60pc by 2040 07 Nov 2014 - 03:21 am

VIENNA: AFP Global energy demand will increase by 60 percent by 2040 compared to 2010 levels, Opec said yesterday, with greenhouse-gas-emitting fossil fuels...

Fundamentals do not justify oil price drop: Badri 07 Nov 2014 - 03:21 am

VIENNA: Fundamental factors do not justify the sharp drop in oil prices, Opec Secretary-General Abdullah Al Badri said, forecasting a price rebound by...

Luxembourg corporate tax deals under fire after leaks 07 Nov 2014 - 03:20 am

LUXEMBOURG: Luxembourg was under fire yesterday after leaked documents revealed its huge tax avoidance deals with hundreds of top global firms, putting its...

Qatari Diar inks deal to develop Oman project 06 Nov 2014 - 08:17 am

The Minister of Finance and Chairman of Qatari Diar Real Estate Investment Company, H E Ali Sherif Al Emadi, and Omani Minister of...