Business

Air Arabia Q4 net rises 12 percent, below estimates 18 Feb 2014 - 01:10 am

DUBAI: Budget carrier Air Arabia, the United Arab Emirates’ only publicly listed carrier, reported a 12 percent rise in fourth-quarter net profit yesterday...

Essar Energy shares up after takeover offer 18 Feb 2014 - 01:10 am

Bangalore: Shares in Essar Energy Plc, controlled by India’s billionaire Ruia brothers, rose nearly three percent yesterday after it received a possible takeover...

Mashreq increases foreign ownership limit to 49pc 18 Feb 2014 - 01:09 am

DUBAI: Dubai’s Mashreq has increased the limit on foreign ownership of its shares to 49 percent, its chief executive said yesterday, in line...

Oil firms plan to cut spending on exploration 18 Feb 2014 - 01:09 am

OSLO: Global oil firms, hit by one of the worst years for discovery in two decades, are about to cut exploration spending, pulling...

Emaar profit beats estimates as Dubai booms 18 Feb 2014 - 01:09 am

DUBAI: Emaar Properties, Dubai’s largest listed property developer, posted a 48 percent increase in its quarterly profit from a strong upturn that boosted...

Prices for UK homes rise at fastest pace since 2007 18 Feb 2014 - 01:08 am

LONDON: Asking prices for homes in Britain rose at the sharpest rate in more than six years over the past 12 months despite...

IQ posts QR8bn full-year profits 17 Feb 2014 - 12:40 am

DOHA: The industrial giant Industries Qatar (IQ) recorded a strong full year earnings of QR8bn for 2013, reflecting the group’s ability to generate...

Tasweeq, ADNOC sign first condensate term contract 17 Feb 2014 - 12:38 am

DOHA: Qatar International Petroleum Marketing Company (Tasweeq) yesterday announced that it has recently entered into its first term contract with Abu Dhabi National...

Searching for jobs 17 Feb 2014 - 12:37 am

College students line up outside a job fair in Zhengzhou, Henan province in China. Around 50,000 people attended the job fair.

Bridge to push growth 17 Feb 2014 - 12:36 am

A general view of the construction site of Ivory Coast’s third bridge, the Henri Konan Bedie. The bridge crossing the lagoon in Ivory...

Protest against privatisation 17 Feb 2014 - 12:34 am

Members of labour unions wave Turkish flags in Ankara as they protest against the government’s policy of privatisation of state-owned companies and its...

VW works council for labour representation 17 Feb 2014 - 12:33 am

United Auto Workers President Bob King (left) and Secretary-Treasurer Dennis Williams at the Chattanooga Electrical Apprenticeship and Training Centre in Tennessee. HAMBURG: Volkswagen’s...

China’s consumer prices up 17 Feb 2014 - 12:31 am

A labourer works inside a factory in Qingdao, Shandong province, in China. China’s consumer prices rose 2.5 percent in January from a year...

QE index climbs to five-year high 17 Feb 2014 - 12:16 am

DOHA: Qatar’s index rose 0.3 percent, up for seven consecutive sessions to close at its highest level since August 2008. Institutional investors have...

Qatar infrastructure spending to touch QR87.4bn this year 17 Feb 2014 - 12:15 am

DOHA: Qatar is expected to witness a significant rise in project activity this year, especially the infrastructure sector, with contract awards anticipated to...

IQ plans QR5.4bn capital expenditure over five years 17 Feb 2014 - 12:15 am

DOHA: Industries Qatar’s (IQ) five-year business plan envisages accumulated capital spend of an estimated QR5.4bn from 2014 to 2018. The plan includes completing...

Investment in new jobs to promote growth 17 Feb 2014 - 12:14 am

Doha: Focused and long-term investment in developing the skills and creating jobs for young people is expected to promote sustainable economic growth in...

Libyan crude output falls to 390,000bpd 17 Feb 2014 - 12:13 am

TRIPOLI: Libya’s oil production has fallen to 390,000 barrels per day, some 70,000bpd less than last week, as protests have partly blocked flows...