Business

India seeks financial guarantees from Iranian vessels 17 Dec 2013 - 07:23 am

NEW DELHI: India has asked Iran to provide financial guarantees before Delhi continues to allow vessels with Iranian insurance cover to enter Indian...

BP inks $16bn Oman gas project deal 17 Dec 2013 - 07:23 am

MUSCAT/DUBAI: BP will drill some 300 wells to flush gas trapped deep under the Omani desert over the next 15 years in a...

US oil output to surge to 9.6m bpd by 2016 17 Dec 2013 - 07:22 am

WASHINGTON: US oil production will continue its surge to hit a record 9.6m barrels per day (bpd) in 2016, the US Energy Department...

Greek property agents warn new tax will hit prices 17 Dec 2013 - 07:22 am

ATHENS: Greece’s real estate agent association Omase warned against a possible collapse of the sector in big cities because of new property taxes...

Russia ready to grant Ukraine loan 17 Dec 2013 - 07:22 am

MOSCOW: Russia could grant Ukraine a loan if Kiev asks for it, Interfax news agency yesterday quoted Russian presidential aide Andrei Belousov as...

Commercial real estate sector witnesses boom 17 Dec 2013 - 06:17 am

By Satish Kanady DOHA: Qatar’s commercial real estate sector witnessed a significant revival this year. The vacancy rates dropped to 10 percent in...

Boeing expansion 16 Dec 2013 - 08:24 am

The first 787 Dreamliner passenger jet to be assembled at Boeing’s South Carolina facility is rolled out during a ceremony in North Charleston....

Budget warplane 16 Dec 2013 - 08:22 am

The Scorpion spy and strike plane developed by Textron Airland. The budget warplane completed its first flight at McConnell Air Force Base in...

Anti-austerity protest in Spain 16 Dec 2013 - 08:21 am

A general view of the participants from the so-called ‘White tide’ movement during a protest against austerity measures and to support public health...

Fuel price hike likely in Venezuela 16 Dec 2013 - 08:20 am

A petrol station worker refuels a car in Caracas. Venezuelan Vice-President Jorge Arreaza said that the government will discuss with the people and...

Mexico anti-reform protest 16 Dec 2013 - 08:19 am

Demonstrators yell during a protest against energy reforms and subway fare hike at Reforma Avenue in Mexico City yesterday.

Barwa Bank, FFC get Islamic Business & Finance awards 16 Dec 2013 - 08:18 am

Barwa Bank officials during the award ceremony. DOHA: Barwa Bank Group, Qatar’s fastest growing Shariah-compliant banking service provider, has been named as the...

QCB framing rules for listing of ETFs 16 Dec 2013 - 08:17 am

DOHA: Banking regulator, the Qatar Central Bank (QCB), said yesterday it is busy framing rules to list exchange traded funds (ETFs) on the...

Eurozone to share cost of bank closures 16 Dec 2013 - 08:16 am

BRUSSELS: The cost of closing down a eurozone bank will initially be borne almost fully by its home country, but the obligations of...

Toyota to start settlement talks on acceleration defect cases 16 Dec 2013 - 08:16 am

New York: Toyota Motor Corp will begin talks to potentially settle hundreds of lawsuits alleging that defects caused some of its vehicles to...

Taper again on table at Fed meeting 16 Dec 2013 - 08:15 am

WASHINGTON: Steady economic gains, including a sharp fall in the unemployment rate, should stir the US Federal Reserve to begin trimming its stimulus...

Plans for new LDPE facility in early stage: IQ 16 Dec 2013 - 08:15 am

DOHA: Industries Qatar (IQ), one of the region’s industrial giants, yesterday confirmed that contrary to reports in sections of the media, plans for...

Brazil to avoid ‘confusing accounting’ 16 Dec 2013 - 08:14 am

SAO PAULO: Brazil will no longer resort to creative accounting to meet a closely watched primary budget surplus target and expects its fiscal...