Business

ExxonMobil hails Helium plant opening 12 Dec 2013 - 11:55 am

Mark Nolan with Sheikh Khalid bin Khalifa, CEO of QatarGas, yesterday. DOHA: ExxonMobil congratulated RasGas and QatarGas on the occasion of the inauguration ...

Google to double Taiwan investment 12 Dec 2013 - 11:53 am

A cooling system facility is seen during the media tour in the Google data centre in Changhua Coastal Industrial Park, central Taiwan, yesterday....

Printemps’ takeover third largest in Mena 12 Dec 2013 - 11:52 am

DOHA: The acquisition of Printemps store in France by Divine Investments SA, a Qatari-controlled investment fund, for QR7.65bn ($2.1bn) was the third largest...

Russians pick official symbol for rouble 12 Dec 2013 - 11:50 am

MOSCOW: The Russian public have picked a first official symbol for the rouble, choosing a sign the central bank said would enhance the...

Etihad examines Alitalia books, plans investment 12 Dec 2013 - 11:48 am

MILAN/ABU DHABI: Abu Dhabi’s Etihad Airways is examining Alitalia’s books and is expected to decide by Christmas whether to take a stake in...

Oil steady above $109, market awais US data 12 Dec 2013 - 11:48 am

LONDON: Oil held steady above $109 a barrel yesterday, shrugging off predictions from the West’s energy watchdog of rising global demand as the...

GPCA urges petrochemical producers to conserve water 12 Dec 2013 - 11:47 am

DOHA: With water consumption by the GCC petrochemicals industry reaching 1.16 trillion cubic metres in 2012, petrochemical producers must conserve water in their...

Egypt in gas price talks with foreign firms 12 Dec 2013 - 11:47 am

CAIRO: Egypt is still in talks with foreign energy companies to change the amount the government pays them for natural gas produced in...

Qatar Chamber, ICC helped broker trade deal at Bali WTO meet 12 Dec 2013 - 11:46 am

DOHA: Qatar Chamber said that it had worked along with International Chamber of Commerce (ICC) and other World Trade Organisation (WTO) parties to...

Beema assigned Baa2 by Moody’s 12 Dec 2013 - 11:46 am

DOHA: Moody’s Investors Service yesterday assigned a first-time Baa2 insurance financial strength rating (IFSR) to Qatar-based Damaan Islamic Insurance Company, ‘Beema’ with a...

QFB’s Al Rifai sells Nutisal brand to Cloetta 12 Dec 2013 - 11:44 am

Doha: Qatar First Bank (QFB) announced that its portfolio company Al Rifai International Holding (Al Rifai), a leading Lebanese manufacturer and retailer of...

Exxon offers gasoil term contract from Saudi 12 Dec 2013 - 11:43 am

SINGAPORE: ExxonMobil Corp has offered gasoil cargoes through a rare term tender from its joint-venture refinery in Saudi Arabia, in a further sign...

Yemen sees deal on $550m loan from IMF in early 2014 12 Dec 2013 - 11:43 am

KUWAIT: Yemen is close to a deal with the International Monetary Fund on a $550m loan, the country’s planning minister said yesterday. A...

Halkbank unable to resume processing India payments for Iran oil 12 Dec 2013 - 11:42 am

ISTANBUL: Turkey’s state-run Halkbank can only resume processing Indian oil payments to Iran once Western sanctions are officially lifted following an interim deal...

Qatar becomes global leader in helium exports 12 Dec 2013 - 04:42 am

DOHA: Qatar emerged as the world’s largest helium exporter as H E Dr Mohammed bin Saleh Al Sada, Minister of Energy and Industry...

150 delegates attend Middle East Smart Cities Summit 11 Dec 2013 - 12:32 pm

Officials during a discussion at the 2nd Annual Middle East Smart Cities Summit yesterday. DOHA: The 2nd Annual Middle East Smart Cities Summit,...

Strengthening local talent key for Qatar: IMF 11 Dec 2013 - 12:31 pm

DOHA: Getting away with hydrocarbon sector and grooming local talents are the twin challenges that Qatar face in its long-term sustainable development journey,...

EADS on collision course with unions 11 Dec 2013 - 12:30 pm

Engineers work in the Avionic Bay of an Eurofighter Typhoon while setting up all component parts of an Eurofighter at the headquarters of...