Business

Gold shines on flat dollar 10 Jul 2013 - 09:25 am

LONDON: Gold rose for a second consecutive session yesterday, as the dollar held below three-year highs and China inflation data boosted the metal’s...

Nakheel profit rise signals confidence in Dubai property 10 Jul 2013 - 09:20 am

DUBAI: Dubai property developer Nakheel , one of the biggest casualties of the emirate’s real estate market crash in 2009, posted a 57...

Helium2 plant at RasGas begins output 09 Jul 2013 - 12:15 am

Officials during a tour of RasGas’s Helium2 plant. DOHA: RasGas Company Limited (RasGas) yesterday announced that its recently completed Helium2 plant produced the...

Oxy Qatar, GDI sign QR273m deal 09 Jul 2013 - 12:14 am

Officials exchanging documents at the signing ceremony. DOHA: Occidental Petroleum of Qatar Ltd (Oxy Qatar) has signed a QR273m contract with Gulf Drilling...

Brent crude slips towards $107 on dollar strength 09 Jul 2013 - 12:14 am

LONDON: Brent crude oil slipped towards $107 a barrel yesterday because of a rising dollar, after reaching a three-month high earlier in the...

Eurozone grants $8.7bn lifeline to Greece 09 Jul 2013 - 12:13 am

BRUSSELS: Greece secured a ¤6.8bn ($8.7bn) lifeline from the eurozone yesterday, officials said, but was told it must keep its promises on cutting...

Indian rupee tumbles as US jobs data boosts dollar 09 Jul 2013 - 12:13 am

MUMBAI: India’s rupee slid to a new record low against the dollar yesterday as the US currency was boosted by stronger than expected...

China growth at 23-year low 09 Jul 2013 - 12:12 am

A man takes pictures of office buildings in the financial district of Pudong in Shanghai yesterday. China’s resolve to revamp its economy for...

Serbia pledges public sector reforms 09 Jul 2013 - 12:11 am

BELGRADE: Serbia will begin reforming its costly public sector and pension system before the end of the year, the government said yesterday, as...

Qatar to invest $140bn in infrastructure: Deloitte 09 Jul 2013 - 12:11 am

DOHA: Qatar plans to invest over $140bn in transport infrastructure in anticipation of the FIFA World Cup 2022. Plans to construct new roads...

Oil flow via Kirkuk-Ceyhan link to resume soon 09 Jul 2013 - 12:11 am

KIRKUK: The flow of crude from Kirkuk in Iraq to the port of Ceyhan in Turkey will resume in two to three days...

QInvest’s QMAP funds included in RBC Investor platform 09 Jul 2013 - 12:10 am

DOHA: QInvest, Qatar’s leading investment bank has announced the inclusion of the QInvest Managed Account Platform (QMAP) funds to the global fund platform...

Osram debuts on Frankfurt Stock Exchange 09 Jul 2013 - 12:09 am

Wolfgang Dehen (centre), Chairman of Osram Licht AG, rings the stock exchange bell on the trading floor of the Frankfurt Stock Exchange next...

Qatar bourse index slips by 80.25 points 09 Jul 2013 - 12:09 am

Doha: Qatar Exchange index slipped by 80.25 points or 0.86 percent to hit 9,282.88 points from the previous closing of 9,363.13 points. The...

Nigeria halves fuel debt to traders paying $1.4bn 09 Jul 2013 - 12:09 am

LONDON: Nigeria has repaid $1.4bn in mostly overdue debts to fuel traders after raising the money via an oil prepayment loan from international...

Etihad passenger revenue up 8pc 09 Jul 2013 - 12:08 am

ABU DHABI: Abu Dhabi airline Etihad raised passenger revenues by eight percent in the second-quarter, helped by higher turnover from its code-sharing and...

Dubai could raise $1bn from telecoms stake sales: J P Morgan 09 Jul 2013 - 12:06 am

DUBAI: Dubai Holding could raise almost $1bn from the sale of its minority stakes in two telecoms firms, J P Morgan said in...

Qatar’s logistics industry set to grow manifold: Expert 08 Jul 2013 - 01:37 am

DOHA: Powered by Qatar’s huge investments in the infrastructure and transportation sectors, Qatar’s logistics industry is set to grow in a big way....