Business

New Gulf projects to hit $180bn this year 17 Oct 2014 - 02:43 am

DUBAI: About $180bn of contracts for new construction projects will be awarded in wealthy Gulf states this year, the largest amount for six...

Cofely Besix Mannai Facility Management gets QP contract 17 Oct 2014 - 02:43 am

DOHA: Qatar’s leading facilities management company, Cofely Besix Mannai Facility Management (CBMFM), a subsidiary of Mannai Corporation, has been awarded its first contract...

Gold near one-month high on flight to safety 17 Oct 2014 - 02:42 am

LONDON: Gold steadied yesterday to trade near its highest in more than a month, as the dollar and European shares weakened on worries...

Oil spikes on options expiry 17 Oct 2014 - 02:42 am

NEW YORK: Oil prices spiked abruptly at midday on Thursday, extending an early bounce from new four-year lows as a combination of technical...

ECB, EU promise lifelines for Greece as crisis haunts eurozone 17 Oct 2014 - 02:41 am

ATHENS: The ECB and European Union rushed to reassure financial markets yesterday that help is at hand for Greece as it heads for...

US jobless claim drops to lowest level in 14 years 17 Oct 2014 - 02:40 am

WASHINGTON: New claims for US unemployment insurance benefits unexpectedly fell last week to their lowest level in 14 years, the Labor Department said...

QA signs deal with Gulfstream 16 Oct 2014 - 01:16 am

Business jet Gulfstream. DOHA: Qatar Airways (QA) signed a Memorandum of Understanding (MoU) with Gulfstream Aerospace for the purchase of up to 20...

QInvest leads surge in global sukuk activity 16 Oct 2014 - 01:15 am

DOHA: QInvest, Qatar’s leading investment bank and prominent Islamic financial institution, has been at the forefront of global sukuk activity in 2014. It...

IndiGo to buy record 250 Airbus planes 16 Oct 2014 - 01:13 am

The Airbus A320neo (New Engine Option) takes off during its first flight event in Colomiers near Toulouse, southwestern France, last month. NEW DELHI/PARIS:...

Toyota recalls 1.67m Toyota, Lexus cars 16 Oct 2014 - 01:13 am

Toyota Motor’s new SUV Lexus NX 200t leaving an assembly plant in Miyawaka, Fukuoka Prefecture on Kyushu Island, southwestern Japan. TOKYO: Japan’s Toyota...

‘Banks should fight against financial crime’ 16 Oct 2014 - 01:11 am

Doha Bank Group CEO Seetharaman speaking at the fifith US-Mena Private Sector Dialogue on correspondent banking at BNY Mellon, New York. DOHA: The...

Ukrainian workers protest 16 Oct 2014 - 01:11 am

Members of Ukrainian trade unions attend a mass rally in Kiev yesterday against government policies of budget expenditure restriction amid the financial crisis...

Tallest residential skyscraper in US 16 Oct 2014 - 01:10 am

A view of New York City to the north from the 75th floor of 432 Park Avenue yesterday, a day after it earned...

Lufthansa unit to strike today 16 Oct 2014 - 01:09 am

Lufthansa aeroplanes at Munich’s airport. German pilots at Lufthansa’s low-cost unit Germanwings are to go on strike today as a dispute over an...

Lockheed makes breakthrough in new fusion energy project 16 Oct 2014 - 12:52 am

WASHINGTON: Lockheed Martin Corp said yesterday it had made a technological breakthrough in developing a power source based on nuclear fusion, and the...

Blackstone, investors buy stake in GEMS Education 16 Oct 2014 - 12:51 am

DUBAI: Dubai’s Fajr Capital said that it led a group including Blackstone and Bahrain sovereign fund Mumtalakat in acquiring a “significant minority stake”...

Barwa Real Estate to liquidate four subsidiaries 16 Oct 2014 - 12:51 am

DOHA:Barwa Real Estate Group yesterday announced that it intends to liquidate its four local subsidiaries, based on a decision by its board of...

Oil prices hit new depths on oversupply 16 Oct 2014 - 12:50 am

LONDON: Oil prices reached new multi-year low points yesterday owing to a supply glut and weak global demand, before clawing back some ground...