Business

Royal Mail valued at £3.3bn for London IPO: Govt 11 Oct 2013 - 06:52 am

LONDON: Britain’s Royal Mail will be valued at £3.3bn ($5.3bn) when it launches on the stock market in a controversial part-privatisation, the government...

European markets soar; Dow up 11 Oct 2013 - 06:52 am

LONDON: European stock markets soared yesterday as traders reacted strongly to signs of a deal in Washington to avoid a dilapidating US debt...

Aeroflot unveils ‘nice flight’ budget airline 11 Oct 2013 - 06:50 am

MOSCOW: Russia’s Soviet-era flag carrier Aeroflot unveiled its own budget airline yesterday that will have no reclining seats or business class while promising...

Shale no threat to conventional energy: Attiyah 10 Oct 2013 - 02:15 am

H E Abdullah bin Hamad Al Attiyah addressing the Gobal Clean Energy Forum. Above and Below: Expert panellists discussing energy issues at the...

Expert calls for commitment to climate 10 Oct 2013 - 02:14 am

DOHA: Despite making incredible progress in terms of science and technology, economy and politics, the world is still clinging on its finger tips...

Debts to stabilise but countries still vulnerable, says IMF 10 Oct 2013 - 02:13 am

WASHINGTON: Advanced economies are cutting fiscal deficits at the fastest pace since 2011 and are on track to have debt stabilise in the...

Qatargas and E.ON sign five-year SPA 10 Oct 2013 - 01:18 am

H E Dr Mohammed bin Saleh Al Sada (right) and Christopher Delbrück signing the agreement. DOHA: Qatar Liquefied Gas Company Limited (4) (Qatargas...

Turkey targets credit cards to cut current account gap 10 Oct 2013 - 01:14 am

ISTANBUL: Turkey introduced measures yesterday to try to control rampant consumer loan growth and lift its domestic savings rate from historic lows, another...

Doha Carbon & Energy Forum to begin on November 11 10 Oct 2013 - 01:13 am

Doha: The Doha Carbon & Energy Forum’s steering committee (DCEF) has announced the 2013 DCEF forum will be held in Qatar from November...

Fifth Middle East district cooling summit from November 26 10 Oct 2013 - 01:13 am

Doha: Under the patronage of the Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada, the 5th Annual Middle...

Spanish bank to cut over 2,000 jobs 10 Oct 2013 - 01:13 am

MADRID: Spain’s nationalised lender CatalunyaCaixa said yetserday it had reached an agreement with unions to cut nearly a third of its workforce under...

OMV to stay in Libya despite production loss 10 Oct 2013 - 01:12 am

VIENNA: Austrian oil and gas group OMV is committed to Libya despite conflict that has disrupted production and caused some oil majors to...

Mazda unveils Axela 10 Oct 2013 - 01:10 am

Mazda President Masamichi Kogai introduces the new compact vehicle “Axela”, known overseas as “Mazda 3”, in Tokyo yesterday. The new Axela is equipped...

QInvest unveils new growth strategy 10 Oct 2013 - 01:08 am

DOHA: QInvest, Qatar’s leading investment bank and prominent Islamic financial institution, yesterday unveiled its new strategy to deliver long term sustainable growth. Streamlining...

War risks hit Syria shipping trade 10 Oct 2013 - 01:07 am

LONDON: War and sanctions are taking an increasing toll on Syria’s vital sea-borne trade, with fewer vessels calling at its cargo ports as...

Woqod records QR923m third quarter net profit 10 Oct 2013 - 01:04 am

DOHA: Qatar Fuel (Woqod) recorded a net profit of QR923m for the third quarter of 2013 (Q3, 13). The figure reflects an increase...

Aldar seeks $1.5bn before bond maturity 10 Oct 2013 - 01:03 am

DUBAI: Abu Dhabi’s Aldar Properties is talking to banks about raising a bridge loan of up to $1.5bn with an option to convert...

GCC Islamic investment banks eye slimmed-down future 10 Oct 2013 - 01:03 am

Dubai: Management changes at some of the Gulf’s best-known Islamic investment banks point to a fresh start for a sector which is emerging...