Business

Petronas Q3 profit jumps nearly 20pc to $5.36bn 13 Nov 2013 - 07:10 am

A Petronas tanker truck drives along a road in Kuala Lumpur. KUALA LUMPUR: Malaysian state energy firm Petronas said yesterday its third-quarter net...

Indonesia raises key interest rate 13 Nov 2013 - 07:09 am

JAKARTA: Indonesia’s central bank unexpectedly raised its key interest rate yesterday to rein in a widening current account deficit blamed for exacerbating recent...

BP clinches $6bn Rosneft deal 13 Nov 2013 - 07:09 am

MOSCOW: Top Russian oil firm Rosneft said it would sell about $6bn worth of refined products to BP, establishing the British major among...

Vodafone surges back into profit in H1 13 Nov 2013 - 07:09 am

LONDON: British mobile phone giant Vodafone yesterday said that it surged back into first-half profit on a huge taxation credit, and pledged to...

Indonesia raises key interest rate 13 Nov 2013 - 07:08 am

JAKARTA: Indonesia’s central bank unexpectedly raised its key interest rate yesterday to rein in a widening current account deficit blamed for exacerbating recent...

High fuel costs hit Emirates airline profits 13 Nov 2013 - 07:08 am

DUBAI: High fuel costs and weak currencies in some key markets flattened first-half profit growth at Dubai’s flagship airline Emirates, signalling Gulf carriers...

HIA will handle 1,000 aircraft daily: Official 13 Nov 2013 - 06:09 am

The Chairman of the Civil Aviation Authority, Abdul Aziz Mohammed Al Nuaimi, inaugurating the Airport Exchange Conference and Exhibition at Qatar National Convention...

Al Sada: Qatar helping women play major roles in society 12 Nov 2013 - 11:16 am

The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada addressing the opening ceremony of the fourth annual Qatar...

Business optimism hits new high 12 Nov 2013 - 11:16 am

DOHA: Business optimism in Qatar has soared to its highest in nearly three years according to the Dun & Bradstreet Business Optimism Index...

Brent oil rises as Iran talks end without deal 12 Nov 2013 - 11:15 am

NEW YORK: Brent crude oil prices rose more than $1 per barrel yesterday after Iran and six world powers fell short of reaching...

Egypt tender to develop Suez Canal soon 12 Nov 2013 - 11:15 am

CAIRO: Egypt will finalise a tender for the development of the Suez Canal by the end of the month, the investment minister said,...

Foreign trade surplus widens to QR32.9bn 12 Nov 2013 - 11:15 am

DOHA: Qatar’s foreign trade surplus widened to QR32.9bn ($9bn) in September 2013. The figure shows an increase of QR0.3bn, up 0.9 percent compared...

Ukraine halts gas imports from Russia 12 Nov 2013 - 11:14 am

MOSCOW/KIEV: Ukraine halted Russian gas imports last Friday in a dispute over pricing, sources in Russia’s gas industry and state export monopoly Gazprom...

Qatar Exchange back above 10,000 points 12 Nov 2013 - 11:14 am

Doha/DUBAI: Qatar Exchange rose back above the psychologically important level of 10,000 points for the first time since August yesterday. It ended at...

Economic forum in Kuwait 12 Nov 2013 - 11:12 am

Kuwaiti Minister of Finance Sheikh Salem Abdulaziz Al Sabah (centre), Deputy Secretary General of the Arab League Ahmed Ben Helli (left), and African...

UAE to build Middle East’s first land-based LNG import terminal 12 Nov 2013 - 11:12 am

DUBAI: EmiratesLNG will build and operate the Middle East's first land-based liquefied natural gas (LNG) import facility at Fujairah, having won government approval...

Etihad in talks to buy Airbus jets 12 Nov 2013 - 11:12 am

DUBAI/PARIS: Abu Dhabi’s Etihad Airways is in talks to buy jets from Airbus even as it puts the finishing touches to a reported...

Bapco seals gasoil and jet fuel term contracts 12 Nov 2013 - 11:11 am

SINGAPORE: Bahrain Petroleum Co (Bapco) has finalised its 2014 jet fuel and gasoil term contracts with several companies, with premiums set at lower...