Business

Japanese firms to supply Boeing parts 13 Jun 2014 - 09:16 am

Boeing Commercial Airplanes CEO Ray Conner (right) with Mitsubishi Heavy Industries Chairman and Japan Aircraft Development Corporation Chairman Hideaki Omiya next to models...

Opec facing dark clouds on supply horizon 13 Jun 2014 - 09:15 am

VIENNA: Opec faces a period of static oil prices as traders track supply-side uncertainties surrounding Iraq, Iran and Libya, as well as Ukraine,...

QE index dips 1.91pc last week 13 Jun 2014 - 09:14 am

DOHA: Qatar Exchange (QE) index lost 253.20 points, or 1.91 percent, last week when it closed trading at 12,978.86 points yesterday. The trading...

Intel loses case against EU fine 13 Jun 2014 - 09:14 am

LUXEMBOURG: US chipmaker Intel lost yesterday its challenge against a record €1.06bn European Union fine handed down five years ago, as Europe’s second...

Jordan mulls first sukuk offering 13 Jun 2014 - 09:14 am

AMMAN/SYDNEY: Jordan’s government is studying a proposal to issue its first Islamic bond but pressure to cut public debt and a preference for...

India industrial output jumps beating forecasts 13 Jun 2014 - 09:13 am

NEW DELHI: India’s industrial production jumped in April, beating market forecasts in another positive sign for new Prime Minister Narendra Modi who has...

AirAsia flies into Indian skies 13 Jun 2014 - 09:13 am

BANGALORE: Asia’s biggest budget carrier AirAsia launched its debut flight in India yesterday, fuelling a cut-throat fare war in a sector already reeling...

Egypt’s gas production to rise by December 13 Jun 2014 - 09:12 am

CAIRO: Egypt’s oil minister said that natural gas production would increase by 500 million cubic feet daily by December, when several gas fields...

Al Hilal Bank eyes sukuk issue 13 Jun 2014 - 09:12 am

DUBAI: Abu Dhabi government-owned Al Hilal Bank may sell a benchmark-sized Tier 1 capital-boosting sukuk after announcing plans to meet fixed income investors,...

DP World to issue $1bn convertible bond offering 13 Jun 2014 - 09:12 am

DUBAI: DP World plans to raise $1bn with a convertible bond issue of 10 years duration to fund growth opportunities and diversify its...

OFID’s development plan will be ready next year 13 Jun 2014 - 04:48 am

Officials at the opening of the OFID’s 35th Session of the Ministerial Council in Doha yesterday. DOHA: H E Ali Shareef Al Emadi,...

No change in oil output ceiling 12 Jun 2014 - 04:52 am

VIENNA: Opec, the oil exporters’ cartel, opted yesterday to keep its output ceiling unchanged, expressing confidence in the market despite global supply strains...

GDI wins QR1.1bn QP contracts 12 Jun 2014 - 04:51 am

DOHA: Gulf Drilling International Ltd QSC (GDI), a wholly-owned subsidiary of Gulf International Services (GIS), has been awarded two new contracts by Qatar...

Qatar has most dense population of millionaires in the world 12 Jun 2014 - 04:50 am

WASHINGTON: The amount of private wealth in the booming Asia-Pacific region excluding Japan will overtake Europe this year and the United States 2018,...

Emirates cancels 70-plane A350 order worth $16bn 12 Jun 2014 - 04:49 am

TOULOUSE: Airbus suffered what could be the jet industry’s worst cancellation and a setback to its newest aircraft yesterday when Dubai’s Emirates scrapped...

Alibaba to buy out UCWeb 12 Jun 2014 - 04:49 am

Italian Prime Minister Matteo Renzi (centre) talks with Chinese Premier Li Keqiang (second right) as Alibaba CEO Ma Yun (second left) attends a...

Weaker yen pushes prices up 12 Jun 2014 - 04:48 am

Customers shop at Japan’s casual apparel giant Uniqlo in Tokyo yesterday. The operator of cheap chic clothing brand Uniqlo, whose affordable garments have...

Toyota recalls 2.27m vehicles over airbags 12 Jun 2014 - 04:46 am

TOKYO: Toyota yesterday recalled 2.27 million vehicles globally over a defect that could see airbags fail to deploy in a crash and also...