Business

Qapco unveils sustainability report 18 Jun 2014 - 01:51 am

Qapco, Vice-Chairman and CEO, Dr Mohammed Yousef Al Mulla (centre), with other employees after the release of the annual sustainability report. Doha: Qatar...

Central bank committed to tackling rising inflation: Rajan 18 Jun 2014 - 01:50 am

MUMBAI: India’s central bank chief said yesterday that tackling spiralling inflation would be a priority in the coming months, amid fears of further...

SSP to raise £500m 18 Jun 2014 - 01:49 am

People walk past a Caffe Ritazza outlet in Berlin yesterday. Retail industry veteran Kate Swann plans to raise around £500m through a London...

Starbucks, ASU in partnership 18 Jun 2014 - 01:48 am

Cliff Burrows (centre), Group President for Starbucks in the Americas and Teavana, and other executives celebrate at the opening bell of the Nasdaq...

GDI bags QP’s QR1.27bn jack-up drilling rig contract 18 Jun 2014 - 01:46 am

DOHA: Gulf Drilling International Ltd QSC (GDI), a wholly owned subsidiary of Gulf International Services (GIS), announced that it has been awarded new...

GM recalls 3.36 million more cars 18 Jun 2014 - 01:46 am

SAN FRANCISCO: General Motors Co recalled 3.36 million North American cars with ignition switches that can be jarred out of the “run” position,...

Iraq’s biggest oil refinery shut down 18 Jun 2014 - 01:46 am

TIKRIT: Iraq’s biggest oil refinery, Baiji, has been shut down and its foreign staff evacuated, refinery officials said yesterday, adding that local staff...

Reverse gas flows to Ukraine legally sound: EU 18 Jun 2014 - 01:44 am

BRUSSELS: The EU is exploring alternative gas sources for Ukraine, the European Commission said yesterday, a day after Russia cut off a key...

Total starts 4D seismic survey 18 Jun 2014 - 01:44 am

DOHA: Total E&P Qatar has commenced a large-scale seismic acquisition survey in Al Khalij field Block 6, located 130km off the coast of...

Turkish Air holds Doha roadshow 18 Jun 2014 - 01:43 am

Doha: Turkish Airlines held a regional roadshow for travel agents in Qatar with The Andalusia Tourist Board and Malaga-Costa del Sol, announcing increasing...

Cofely Besix, Mannai in partnership deal 18 Jun 2014 - 01:43 am

Doha: Cofely Besix Facility Management LLC has recently acquired a 49 percent stake in a facility management company owned by Mannai Corporation, to...

Debut sukuk to push UK’s trade position 18 Jun 2014 - 01:43 am

London: Britain’s plan to issue the first Islamic bond from a Western government will strengthen its position as a centre for sukuk trade,...

Gazprom lists in Singapore, taps Asian investors 18 Jun 2014 - 01:42 am

SINGAPORE: Russian energy giant Gazprom began trading on the Singapore stock exchange yesterday, with the company seeking to tap Asian investors following a...

US consumer prices rise largest in a year 18 Jun 2014 - 01:42 am

WASHINGTON: US consumer prices recorded their largest increase in more than a year in May as costs for a range of goods and...

Shell to cut Woodside Petroleum holding by $5bn 18 Jun 2014 - 01:41 am

SYDNEY: Royal Dutch Shell yesterday said it will reduce its stake in Woodside Petroleum, selling Aus$5.3bn ($5bn) of stock as it focuses its...

German investor confidence at 18-month low 18 Jun 2014 - 01:41 am

FRANKFURT: Investment sentiment in Germany fell to its lowest level for 18 months in June amid concern Europe’s top economy is losing momentum,...

Hong Kong firm pays $470m for Paris hotel 18 Jun 2014 - 01:38 am

HONG KONG: A Hong Kong investment firm said it has agreed to pay almost $470m for the five-star Paris Marriott Hotel Champs-Elysees, as...

BG Group sells stake in North Sea pipeline 18 Jun 2014 - 01:38 am

LONDON: British energy producer BG Group yesterday sold its majority stake in a North Sea gas pipeline for up to £562m ($954m) to...