Business

QEWC’s Nebras to start operations by first half next year 26 Dec 2013 - 12:14 pm

DOHA: The Qatar Electricity and Water Corporation (QEWC) has announced that Nebras Power Company, QEWC’s recently established shareholding company with an initial capital...

Global mining companies look for Qatari fund 26 Dec 2013 - 12:14 pm

DOHA: Global mining companies which are projected to face challenging market conditions in 2014, are looking for GCC Sovereign Wealth Fund, including from...

Ukraine expects $12bn Russian funding in 2014 26 Dec 2013 - 12:10 pm

KIEV: Ukraine, which has secured a $15bn bailout package from Russia, expects it to be fully disbursed in early 2014, Ukrainian Prime Minister...

Libya optimistic about opening seized major oil export ports 26 Dec 2013 - 12:09 pm

TRIPOLI: Libya’s oil and gas industry association said that it was optimistic the government would soon reach an agreement with protesters occupying major...

Syria inks oil, gas deal with Russian firm 26 Dec 2013 - 11:59 am

DAMASCUS: Syria signed an oil and gas deal with a Russian company yesterday which will allow for the first-ever exploration off the country’s...

AmEx agrees to pay $75.7m for unfair marketing 26 Dec 2013 - 11:58 am

WASHINGTON: American Express agreed to pay $75.7m to settle claims that it used deceptive marketing practices to sell protection services to credit-card customers....

Tunisia eyes 4pc growth in 2014: Outgoing PM 26 Dec 2013 - 11:58 am

TUNIS: Tunisia’s economy is predicted to grow by four percent in 2014, up from 2.8 percent this year, the outgoing prime minister Ali...

Qatar bourse index down 35.91 points 26 Dec 2013 - 11:58 am

Doha: Qatar Exchange ended in the red when trading closed yesterday at 10,462.54 points, down 35.91 points or 0.34 percent, from the previous...

Gold-hungry traders tap Indians living abroad 26 Dec 2013 - 11:57 am

MUMBAI: Non-resident Indians are bringing gold into the country by taking advantage of rules that allow each individual to carry 1kg of the...

Egypt’s pound slides at central bank auction 26 Dec 2013 - 11:57 am

CAIRO: The Egyptian pound weakened at a foreign exchange auction yesterday, sliding for the fourth time in a row at the central bank’s...

Higher growth returns to Indian IT industry 26 Dec 2013 - 11:56 am

Bangalore: The resilient $270bn plus Indian IT industry returned to the higher growth trajectory in 2013 and is hoping to gain momentum in...

Ma’aden secures $4.2bn financing for project 26 Dec 2013 - 11:56 am

KHOBAR: Saudi Arabian Mining Company (Ma’aden) has commitments from banks for financing worth up to SR15.75bn ($4.2bn) for a $7bn phosphate project in...

New identity for Ezdan Holding, subsidiaries 26 Dec 2013 - 04:29 am

DOHA: As part of its modernisation and development strategy, real estate giant Ezdan Holding Group yesterday unveiled its new identity along with all...

Libyan steel maker sees slight output rise 25 Dec 2013 - 07:38 am

A worker operates a furnace at Libyan Iron and Steel Company (Lisco) in Misrata yesterday. MISRATA: The Libyan Iron and Steel Company (Lisco)...

Rusal files case against LME 25 Dec 2013 - 07:37 am

An exterior view of an office of Rusal company in Moscow. LONDON: Rusal, the world’s largest aluminium producer, has triggered a judicial review...

Vietnam growth gathers steam 25 Dec 2013 - 07:36 am

Vendors sell dolls and balloons on a street in Hanoi yesterday. Vietnam’s economy grew 5.42 percent in 2013, picking up speed slightly after...

Hong Kong economy rises 25 Dec 2013 - 07:35 am

A Star Ferry (bottom) sails in front of the Hong Kong skyline. Hong Kong’s economy grew “moderately” year-on-year in the third quarter as...

QE geared up for MPHC share trading: CEO 25 Dec 2013 - 07:33 am

DOHA: Qatar Exchange (QE) is well-equipped to trade the 300 million plus shares of Mesaieed Petrochemical Holding Company (MPHC) entering the primary market...