Business

Doha Bank plans to raise capital next year 22 May 2014 - 08:54 am

KUWAIT: Doha Bank plans to raise additional capital in 2015 to underpin fast asset growth and potential acquisitions, the chief executive of Qatar’s...

Airbus, Boeing observe truce in developing carbon-fibre jet 22 May 2014 - 08:54 am

BERLIN: Drained by their contest to create the carbon-fibre wonder jet, Airbus and Boeing are observing a truce in futuristic new developments while...

BoE officials closer to voting for rate rise 22 May 2014 - 08:53 am

LONDON: The Bank of England appears to be a step nearer to raising interest rates, with some of its top officials starting to...

EMC acquires flash storage startup DSSD 22 May 2014 - 08:53 am

LAS VEGAS: The EMC Corporation has acquired the privately-held DSSD Inc for an undisclosed sum. DSSD is a Silicon Valley startup developing technology...

BNP Paribas pins back European shares 22 May 2014 - 08:52 am

EDINBURGH: European shares fell in early deals yesterday, dropping further away from last week’s 2014 highs, led down by BNP Paribas after it...

RasGas celebrates 25 million man hours without LTI 22 May 2014 - 08:52 am

Doha: The Operation Projects Department (OPD) of RasGas Company Limited (RasGas) recently celebrated 25m man-hours without a Lost Time Incident (LTI). This milestone...

Abu Dhabi to enter India this year 22 May 2014 - 08:51 am

ABU DHABI: National Bank of Abu Dhabi plans to set up a regional financial base in India before the end of this year...

Gold down ahead of Fed’s policy meeting 22 May 2014 - 08:51 am

LONDON: Gold edged down yesterday, failing to capitalise on a flat dollar and mixed equities, while investors remained cautious ahead of minutes of...

Woodside pulls out of Leviathan gas project 22 May 2014 - 08:51 am

MELBOURNE: Australia’s Woodside Petroleum pulled out of an agreement to take a stake worth up to $2.7bn in Israel’s flagship Leviathan gas project...

Kuwait warns deficit ‘inevitable’ 22 May 2014 - 08:50 am

KUWAIT CITY: Kuwait’s finance minister warned yesterday that the oil-rich Gulf state will face a certain budget deficit because growth in spending has...

Sisi aims to bring Egypt deficit down to 8.5 percent 22 May 2014 - 08:50 am

CAIRO: The leading candidate for Egypt’s new presidency, Abdel Fattah Al Sisi, aims to cut the Egyptian budget deficit to 8.5 percent of...

Venezuela in selective default: Experts 22 May 2014 - 08:49 am

CARACAS: Venezuela has selectively defaulted on its domestic commercial debt, suspending payments to a wide gamut of creditors owed more than $14bn, economists...

Qatari bourse index loses 54.62 points 22 May 2014 - 08:48 am

Doha: The Qatar Exchange index lost 54.62 points, or 0.43 percent, to close at 12,679.53 points yesterday from the previous closing of 12,734.15...

CGC wins traffic surveillance deal in India 22 May 2014 - 08:48 am

Doha: Consolidated Gulf Company (CGC has won a multi-million riyal contract in India to provide traffic surveillance solutions. CGC’s fully owned subsidiary in...

Q-Coat to hold seminar on Monday 22 May 2014 - 08:47 am

Doha: Qatar Metals Coating Company (Q-Coat) will hold a technical seminar on solutions to concrete reinforcement corrosion in the Arabian Gulf. The event...

Vectura revenue jumps on royalty push 22 May 2014 - 08:46 am

London: Drug developer Vectura Group Plc reported a 20 percent rise in full-year revenue, ahead of analysts’ expectations, helped by higher royalty payments...

China, Russia sign $400bn gas supply deal 22 May 2014 - 05:29 am

Gazprom CEO Alexei Miller (centre), President of China National Petroleum Corporation (CNPC) and Chairman and President of PetroChina Zhou Jiping (right) exchange documents...

Berlin Air Show opens 21 May 2014 - 12:25 am

German Chancellor Angela Merkel and Turkey’s Transport, Maritime Affairs and Communications Minister Lutfi Elvan (second right) hold scissors after cutting the ribbon in...