Business

China overtakes the US as world’s top crude importer 13 Oct 2013 - 01:03 am

SINGAPORE/BEIJING: China is set to ramp up acquisitions of overseas oil and gas companies to feed its soaring growth in energy demand as...

Msheireb Properties wins Sustainability award 13 Oct 2013 - 12:59 am

Officials posing for a group picture at the Cityscape Awards for Emerging Markets 2013. Doha: Msheireb Properties, Qatar’s leading sustainable real estate developer,...

US deadlock could impact dollar’s credibility 13 Oct 2013 - 12:58 am

Doha: The current political deadlock over the US budget and debt ceiling could impact the credibility of the US dollar, according to QNB...

PSA in capital hike talks with Dongfeng, France 13 Oct 2013 - 12:58 am

PARIS: PSA Peugeot Citroen is preparing a ¤3bn ($4.1bn) capital increase in which Chinese partner Dongfeng and the French government would take matching...

Qatar Exchange Roundup: Index drops due to fall in stock prices in five sectors 13 Oct 2013 - 12:57 am

By Basher Kahlout Trading on the Qatari bourse last week, the week before the Eid Al Adha vacation, saw a pullback compared to...

Syria maintains spending in 2014 budget 13 Oct 2013 - 12:56 am

BEIRUT: Syria’s government has agreed a 2014 budget of 1.39 trillion pounds ($8.18bn), state news agency SANA said yesterday, a marginal increase on...

Syria maintains spending in 2014 budget 13 Oct 2013 - 12:56 am

BEIRUT: Syria’s government has agreed a 2014 budget of 1.39 trillion pounds ($8.18bn), state news agency SANA said yesterday, a marginal increase on...

Empower inks $142m deal with Doha Bank 13 Oct 2013 - 12:54 am

Officials pose for a picture after the signing ceremony. Doha: Empower, the leading district cooling service provider in the Middle East, has secured...

North Sea oil output to rise by 17pc in Nov 13 Oct 2013 - 12:54 am

LONDON: North Sea oil output tracked by Reuters will rise by 17 percent in November from October to a 2013 high, potentially putting...

World Bank to cut costs, bureaucracy 13 Oct 2013 - 12:54 am

WASHINGTON: World Bank President Jim Yong Kim on Friday announced a programme to slash costs and reduce bureaucracy at the huge development organisation...

Cadillac plug-in set for Jan debut 13 Oct 2013 - 12:53 am

DETROIT: General Motors Co will go head to head with electric car maker Tesla Motors Inc starting in January, when a plug-in version...

China’s September exports fall 13 Oct 2013 - 12:52 am

A cargo ship berthing at Rizhao port in Rizhao, east China’s Shandong province. An unexpected drop in exports led to China’s trade surplus...

Mixed fortunes for commodities markets 13 Oct 2013 - 12:52 am

LONDON: Commodity markets saw mixed fortunes this week, but Brent oil hit a one-month peak on hopes of a deal that would resolve...

IMF urged to assess exchange rates 13 Oct 2013 - 12:51 am

WASHINGTON: The United States urged the International Monetary Fund to assess exchange rates and government’s interventions in the exchange market, pointing to China’s...

EU warns against delay in talks on banking union 13 Oct 2013 - 12:51 am

FRANKFURT: Europe should not delay signing off on a scheme for salvaging or shutting failing banks until it has changed basic EU law,...

Shale oil boom fuels Argentina’s dreams 13 Oct 2013 - 12:50 am

BUENOS AIRES: Argentina is investing heavily in shale oil, hoping to ride it to energy self-sufficiency and end dependence on imports that cost...

Qatargas hosts Contractors Forum 12 Oct 2013 - 07:24 am

Qatargas contractors and officials during the forum. Doha: Qatargas hosted for the first time a Contractors Forum at the Hilton Hotel in Doha....

Alitalia bailout plan not enough: Critics 12 Oct 2013 - 07:18 am

An Alitalia plane takes off from Fiumicino airport near Rome yesterday. ROME: Italy’s government drew fire yesterday after stitching together an emergency bailout...