Business

Decision to reduce Greek debt must be in spring: PM 16 Dec 2013 - 08:13 am

ATHENS: Greek Prime Minister Antonis Samaras urged the eurozone to confirm early next year it would again write-down part of his country’s huge...

QFMA holds training on dispute resolution 16 Dec 2013 - 08:13 am

DOHA: The Qatar Financial Markets Authority (QFMA)has organised a training programme on ‘Dispute Resolution Procedures’. The training was for the implementation of the...

Ford to hold analyst meeting 16 Dec 2013 - 08:12 am

DETROIT: Ford Motor Co said it will host an analyst meeting next week, a surprise move that comes as the company prepares for...

East Libyan leader against opening ports 16 Dec 2013 - 08:12 am

AJDABIYA/TRIPOLI: The leader of a movement pushing for greater autonomy in eastern Libya said yesterday he would not end the blockade of several...

Egypt to repay part of debt to oil companies in local currency 16 Dec 2013 - 08:12 am

CAIRO: Egypt will pay $300m of the money it owes to foreign oil companies in Egyptian pounds, a Finance Ministry statement said, as...

Petrobras imports, refining losses may rise on new rules 16 Dec 2013 - 08:11 am

RIO DE JANEIRO: The outlook for cutting money-losing fuel imports at state-run oil company Petrobras dimmed after Brazil’s petroleum regulator said it plans...

PetroRabigh says marketing fee deal to boost revenue 16 Dec 2013 - 08:11 am

Al KHOBAR: Saudi Arabia’s PetroRabigh expects its revenues to rise by almost SR1bn ($267m) this year after its parent companies agreed to cut...

Kuwait to secure $1.43bn for major power project 16 Dec 2013 - 08:10 am

KUWAIT: Kuwait is set to secure $1.43bn in financing from a consortium of banks for a power and desalination plant, one of the...

Iran cancels Pakistan pipeline loan 16 Dec 2013 - 08:09 am

TEHRAN: Iran has canceled a planned $500m loan to Pakistan to build part of a pipeline to bring natural gas from the Islamic...

Qatar Exchange index adds 40.72 points 16 Dec 2013 - 08:09 am

Doha: Qatar Exchange pursued its upswing trend yesterday adding 40.72 points, or 0.39 percent, to advance to 10,526.95 points from 10,486.23 on Thursday....

Three Qatari stocks in Mubasher’s Mena Favourite List 16 Dec 2013 - 08:09 am

DOHA: Mubasher Trade Research has created a “Mena Favourite List” which highlights its top investment ideas across the region. The list comprises 20...

Weekly Money Market Review with IBQ: Initial US budget deal eases concerns over another shutdown 16 Dec 2013 - 08:07 am

The FX market witnessed a volatile week, misleading investors towards its direction. In the US, lawmakers have reached an agreement on Tuesday that,...

Qapco announces over QR1.2bn expansion plan 15 Dec 2013 - 11:39 am

BY MOHAMMAD SHOEB DOHA: Qatar Petrochemical Company (Qapco) has announced plans to build a new plant at a cost of QR1.2bn ($330m) to...

Qatargas takes stock of achievements 15 Dec 2013 - 11:36 am

Officials during the town hall meeting. DOHA: Qatargas made significant achievements in establishing relationships with new customers as well as strengthening existing customer...

Qatar Exchange Roundup: Why many products are missing from QE 15 Dec 2013 - 11:35 am

By Bashir Yusuf Kahlout Last week, I noted that the strong performance of Qatar Exchange witnessed during the second half of this year...

Hilton shares jump in debut 15 Dec 2013 - 11:19 am

New York: It’s a suite day for Hilton investors. Shares gained 7.5 percent to close at $21.50 after the hotelier raised $2.35bn, the...

Mexico fare hike protest 15 Dec 2013 - 11:12 am

People duck under while a man jumps over the turnstiles without paying to protest against a fare hike, at Cuatro Caminos subway station...

Cypriots protest against reforms 15 Dec 2013 - 11:11 am

Cypriot left-wing party supporters march in Nicosia yesterday to protest against the privatisation of state utilities and the economic policy of the right-wing...