Business

Nakilat posts QR756m 2013 operating profit 25 Feb 2014 - 12:55 am

DOHA: Qatar Gas Transport Company (Nakilat) yesterday reported an operating profit of QR756m ($207.60) for the year ended December 31, 2013. The board...

Arabtec in talks to buy Kuwaiti firm 25 Feb 2014 - 12:55 am

DUBAI: Arabtec Holding, Dubai’s largest listed construction firm, is in the advanced stages of talks to fully acquire a construction company in Kuwait’s...

Commercial Bank completes $1bn term loan facility 25 Feb 2014 - 12:55 am

DOHA: Commercial Bank announced the successful completion of a $1bn senior unsecured term loan facility. The lender group consists of 21 major banks...

EU, IMF begin new talks for Greece debt 25 Feb 2014 - 12:54 am

ATHENS: EU-IMF creditors began a new audit of Greek finances yesterday, with Athens hoping for a deal in two weeks to help it...

GE to spend another $10bn on energy research by 2020 25 Feb 2014 - 12:54 am

New York: General Electric Co plans to intensify research focusing on complex energy projects such as waterless fracking and gas turbine efficiency by...

Saudi Aujan plans $100m Egypt factory 25 Feb 2014 - 12:53 am

DUBAI: Saudi Arabia’s Aujan Coca-Cola Beverages Company plans to spend $100m building a fruit-juice factory in Egypt over the next few years, a...

$750m five-year bond from ADCB 25 Feb 2014 - 12:53 am

DUBAI: Abu Dhabi Commercial Bank has set final terms for a $750 million five-year bond, a document from lead arrangers said, as demand...

Essar Energy rejects founders’ bid 25 Feb 2014 - 12:53 am

London: Essar Energy Plc rejected a possible buyout bid from its majority shareholders, saying the offer of about £900m ($1.50bn) undervalued the London-listed...

Upward trend continues at Qatar bourse 25 Feb 2014 - 12:52 am

Doha: Qatar Exchange pursued its upswing trend yesterday, adding 14.60 points, 0.12 percent, to advance to 11,900.38 points from Sunday’s close of 11,885.78...

S&P 500 hits record in broad rally, Nasdaq at 14-year high 25 Feb 2014 - 12:52 am

NEW YORK: US stocks jumped one percent yesterday, with the S&P 500 climbing to an all-time high as optimism over merger activity helped...

Infra projects fuel credit growth 24 Feb 2014 - 01:02 am

BY SACHIN KUMAR Doha: Banks in Qatar registered a 12 percent growth in domestic loans in 2013 with domestic credit growing to QR533bn...

Sun shines on New York solar energy boom 24 Feb 2014 - 01:00 am

NEW YORK: On a rooftop in the Bronx far from the skyscrapers of Manhattan, 4,760 panels soak up the winter rays. Welcome to...

Job fair in US 24 Feb 2014 - 12:58 am

Job seekers attend a job fair in San Jose yesterday. Fifty national and multinational companies are offering 6,700 positions during a three-day job...

G20 aims to lift GDP by extra 2pc in five years 24 Feb 2014 - 12:57 am

German Finance Minister Wolfgang Schaeuble (left) with Deutsche Bundesbank President Jens Weidmann during the G20 Finance Ministers and Central Bank Governors meeting in...

OECD’s new global standard to hit tax cheats 24 Feb 2014 - 12:56 am

Angel Gurria (right) with Australia Treasurer Joe Hockey at the G20 meeting in Sydney. SYDNEY: The OECD yesterday delivered a new global standard...

Al Khaliji gets shareholders’ nod to hike foreign ownership limit 24 Feb 2014 - 12:55 am

Hamad bin Faisal bin Thani Al Thani (right), Chairman and Managing Director, and Abdullah Nasser Al Misnad, Vice Chairman, Al Khaliji, yesterday. Abdul...

3M Car Care to showcase latest solutions 24 Feb 2014 - 12:55 am

Doha: With an objective to showcase its latest and innovative automotive solutions, 3M Car Care yesterday announced its debut participation at the 4th...

Detroit car makers worry about UAW struggles 24 Feb 2014 - 12:54 am

An employee works on a Passat sedan at the Volkswagen plant in Chattanooga, Tennessee. The United Auto Workers’ main source of income is...