Business

Gazprom sees Iraq output from spring 06 Feb 2014 - 01:11 am

MOSCOW: Russia’s Gazprom Neft plans to start commercial oil production in spring at its Badra oilfield in Iraq and hopes for an average...

Qatar Exchange index adds 85.01 points; regional markets rebound 06 Feb 2014 - 01:10 am

Doha: Qatar Exchange added 85.01 points, or 0.77, advance to 11,134.70 points from 11,049.69 yesterday. The volume of the shares traded fell to...

Sony to sell PC business to investment fund: Report 06 Feb 2014 - 01:10 am

TOKYO: Sony is in talks to sell its personal computer business to a Japanese investment fund as part of the electronics giant’s wider...

Saudia plans IPO for cargo, maintenance units 06 Feb 2014 - 01:09 am

DUBAI: Saudi Arabian Airlines (Saudia) plans to conduct an initial public offer of shares in its cargo unit this year and an IPO...

Egyptian pound steady in official, black markets 06 Feb 2014 - 01:09 am

CAIRO: The Egyptian pound was unchanged at a central bank foreign currency sale yesterday, the bank said, and steady on the black market,...

WTC Association member visits Qatar Chamber 05 Feb 2014 - 07:32 am

Remy Rowhani, Qatar Chamber Director General, received Martin Sallum, Board Member of World Trade Centres Association yesterday. They discussed the World Trade Center’s...

Malabar Gold & Diamonds opens 106th branch 05 Feb 2014 - 07:31 am

Saeed Said Al Qamzi, Director of Adnoc, and Yusuffali M A, MD of Lulu Group, opened Malabar Gold & Diamond’s outlet in Ruwais...

Toyota forecasts record earnings 05 Feb 2014 - 07:31 am

Showroom staff chat next to a Toyota Motor Corp Prius Alpha at its showroom in Tokyo yesterday. TOKYO: Toyota has shifted into high...

Vattenfall profit down 05 Feb 2014 - 07:30 am

The logo of Swedish energy company Vattenfall in downtown Malmo, Sweden. Vattenfall yesterday reported a 68-percent drop in fourth-quarter net profit, citing larger...

Qatargas signs LNG deal with Tohoku Electric 05 Feb 2014 - 07:28 am

Doha: Qatargas Operating Company Limited (Qatargas) announced yesterday that Qatar Liquefied Gas Company Limited 3 (Qatargas 3) has entered into a new long...

Qatar to spend up to $205bn on infrastructure: QNB 05 Feb 2014 - 07:28 am

MANAMA: Qatar plans to spend as much as $205bn on infrastructure between 2013 and 2018, the acting head of project finance at Qatar...

QNB launches investment product 05 Feb 2014 - 07:28 am

DOHA: Qatar National Bank (QNB) yesterday announced the launch of QNB Note 2 aimed at enabling foreign investors to enter Qatar in a...

Islamic banks to be active users of sukuk this year: S&P 05 Feb 2014 - 07:27 am

DOHA: Qatar’s Islamic banks will continue to maintain strong credit growth and are expected to become more active issuers of sukuk over the...

QIB and QInvest introduce Shiraa Funds 05 Feb 2014 - 07:27 am

DOHA: Qatar Islamic Bank (QIB) and Qatar’s leading investment bank QInvest, have launched a new range of innovative Shari’ah-compliant funds, the “Shiraa Funds”. ...

India sees Sudan trade near $1bn 05 Feb 2014 - 07:12 am

KHARTOUM: India sees two-way trade with Sudan reaching $1bn, New Delhi’s foreign minister said yesterday in Khartoum, as the impoverished African nation asked...

Q-Re to write $269m premiums for Jan 1 renewals 05 Feb 2014 - 07:11 am

DOHA: Q-Re, a wholly-owned subsidiary of Qatar Insurance Company (QIC), yesterday announced that it expects to write approximately $269m of property, casualty and...

BP reports sharp fall in Q4 profit 05 Feb 2014 - 07:10 am

LONDON: BP reported a sharp drop in fourth-quarter profits yesterday partly due to weakness in its refining business, providing more evidence of difficult...

Spain unemployment rate rises 05 Feb 2014 - 07:10 am

MADRID: The number of registered jobless in Spain rose in January as employers shed workers hired for the Christmas holiday season, but the...