Business

Sahara Petro Q1 profit dips 20.3pc 16 Apr 2014 - 12:32 am

DUBAI: Saudi Arabia’s Sahara Petrochemical, currently in talks with Sipchem over a possible merger, posted a 20.3 percent drop in first-quarter net profit...

Nigerian power firm secures $255m capital 16 Apr 2014 - 12:31 am

LAGOS: Nigeria’s oil firm Seven Energy said yesterday it had secured $255m in equity funding from global investors, including Singapore’s Temasek, to boost...

Al Attiyah meets GECF Secretary-General 15 Apr 2014 - 01:57 am

The Chairman of the Administrative Control and Transparency Authority, H E Abdullah bin Hamad Al Attiyah (centre) met with the Secretary-General of the...

IPO activity to gain momentum: E&Y 15 Apr 2014 - 01:55 am

DOHA: Five initial public offerings (IPOs) from the Middle East and North Africa (Mena) region raised over $1.28bn (QR4.66bn) during the first quarter...

Low dividend stocks perform better on Qatar bourse: Expert 15 Apr 2014 - 01:52 am

By Satish Kanady DOHA: High dividend paying stocks on Qatar Exchange have performed significantly worse compared to low dividend paying stocks in the...

Statoil not to say ‘No’ to Russia 15 Apr 2014 - 01:50 am

US Treasury Secretary Jack Lew (left) and Ukrainian Finance Minister Oleksandr Shlapak during a signing ceremony for a $1bn loan guarantee for Ukraine,...

ExxonMobil’s Tamayoz gives training for Qatari partners 15 Apr 2014 - 01:35 am

Participants at the Tamayoz training programme. DOHA: ExxonMobil Qatar’s Tamayoz training programme provided development opportunities to dozens of participants from joint venture partners...

Singapore economy hits a rough patch 15 Apr 2014 - 01:34 am

People at the financial district of Singapore as the economy slowed sharply in the January-March period. SINGAPORE: Singapore’s economic growth slowed sharply in...

Peugeot Citroen reveals recovery plan 15 Apr 2014 - 01:33 am

Peugeot Citroen CEO Carlos Tavares presenting the group’s strategic plan ‘Back in the Race’ in Paris yesterday. PARIS: French automobile group Peugeot Citroen,...

Thailand to post slowest GDP growth in Asia 15 Apr 2014 - 01:32 am

People walk inside a mobile phone shop at a department store in Bangkok yesterday. Thailand expected to post slowest GDP growth in Asia.

Qatar Exchange down 0.66pc on profit booking 15 Apr 2014 - 01:26 am

Doha: Investors in Qatar, Dubai and Abu Dhabi booked profits for a second day yesterday as global markets remained gloomy and tension grew...

QE, S Korea discuss cooperation 15 Apr 2014 - 01:24 am

Doha: Rashid bin Ali Al Mansoori , the CEO of Qatar Exchange, met here yesterday with H E Keejong Chung, Ambassador of the...

CI reaffirms QIB’s A FSR with stable outlook 15 Apr 2014 - 01:23 am

DOHA: Qatar Islamic Bank (QIB) has been reaffirmed by international credit ratings agency, Capital Intelligence (CI), with a Financial Strength Rating (FSR) of...

BlackBerry plans Heartbleed patches 15 Apr 2014 - 01:23 am

BOSTON: BlackBerry Ltd said it plans to release security updates for messaging software for Android and iOS devices by Friday to address vulnerabilities...

Total to move ahead with Angolan oilfield 15 Apr 2014 - 01:22 am

PARIS: French oil group Total has found ways of reducing the cost of extracting ultra-deep Angolan offshore oil reserves by a fifth and...

Lebanon to drop Net price after cutting phone rates 15 Apr 2014 - 01:21 am

BEIRUT: Lebanon plans to lower Internet prices and boost speed after cutting landline and mobile call prices by up to half this month...

China growth slows to 7.3pc in first quarter 15 Apr 2014 - 01:21 am

BEIJING: China’s economic expansion slowed in the first three months of this year, according to a survey, and remains on track for its...

Glencore Xstrata sells Peru mine 15 Apr 2014 - 01:20 am

Beijing: Glencore Xstrata has sold its interest in the Las Bambas copper mine in Peru to a Chinese consortium in a $6bn cash...