Business

Russia, China reach $60bn oil supply deal 21 Jun 2013 - 01:19 am

SAINT PETERSBURG: Moscow and Beijing have reached agreement on a $60bn contract to ramp up Russian oil supplies to China, part of the...

Natural gas enjoying a golden age: IEA 21 Jun 2013 - 01:18 am

SAINT PETERSBURG: The International Energy Agency said yesterday that natural gas was enjoying “a golden age” even if the growth in output over...

CBQ board dissolves Gekko 21 Jun 2013 - 01:18 am

Doha: Commercial Bank of Qatar has announced the dissolution of Gekko LLC after a review of its performance and future prospects, a Qatar...

Tasdeer to promote non-oil export firms 21 Jun 2013 - 01:16 am

Hassan Khalifa Al Mansoori, Executive Director of Tasdeer, with Monia Posteh from the Ministry of Trade and Zahra Maafri, Director-General, Maroc Export. DOHA:...

British banks need £13.4bn more capital 21 Jun 2013 - 01:15 am

LONDON: Five British banks, including Barclays and bailed-out pair RBS and Lloyds, must together find an extra £13.4bn to meet international rules on...

Airbus, Boeing win big orders 21 Jun 2013 - 01:13 am

LE BOURGET: Aerospace giants Airbus and Boeing racked up orders at the 50th Paris Air Show while Embraer of Brazil and prop-jet specialist...

Rumours intensify of a bid for Nokia 21 Jun 2013 - 01:09 am

HELSINKI: Rumours that struggling Finnish mobile phone maker Nokia may be up for sale have intensified this week, with analysts seeing three potential...

Iranian rial climbs 10pc 21 Jun 2013 - 01:06 am

DUBAI: The Iranian currency, the rial, rose further yesterday on hopes the country’s deep economic crisis could ease under its next president, a...

Orders top $100bn as Ryanair gives Boeing a boost 20 Jun 2013 - 05:45 am

From Left: Airbus President and CEO Fabrice Bregier, Air France-KLM incoming Chief Executive Alexandre de Juniac and Rolls-Royce’s President of Civil Large Engines...

QCB regulation will boost investments 20 Jun 2013 - 05:45 am

By Satish Kanady DOHA: Qatar Central Bank’s (QCB) newly announced decision to regulate Qatari banks’ investment portfolio is expected to drive more bank...

‘Reckless’ bankers risk prison in UK: Lawmakers 20 Jun 2013 - 05:44 am

LONDON: Bankers found guilty of “reckless misconduct” in Britain could end up in prison and be stripped of bonuses, under draconian proposals yesterday...

S&P affirms A/A-1 rating for Ooredoo 20 Jun 2013 - 05:44 am

DOHA: Standard & Poor’s Ratings Services has affirmed its ‘A/A-1’ long- and short-term corporate credit ratings on Ooredoo (Qatar TelecomQtel) and its ‘A’...

Crude prices weaker on US inventory build 20 Jun 2013 - 05:44 am

NEW YORK: Crude oil prices on both sides of the Atlantic were weaker in choppy trading yesterday after a US government report showed...

Qatar’s foreign trade surplus up by 2.2pc 20 Jun 2013 - 05:43 am

DOHA: Qatar’s foreign merchandise trade surplus has increased 2.2 percent in April, 2013. According to preliminary figures released by the Qatar Statistics Authority...

QInvest named Best Sukuk Structuring House in Qatar 20 Jun 2013 - 05:42 am

Tamim Hamad Al Kawari receiving the award from Mushtak Prker. DOHA: QInvest has been internationally recognised as “Best Sukuk Structuring House in Qatar”...

Spanish crisis may end soon, says IMF 20 Jun 2013 - 05:41 am

MADRID: Spain’s biting recession may end soon but the outlook is tough and Madrid must do more to battle the country’s unacceptably high...

QNB honoured with Best Bank in Middle East award 20 Jun 2013 - 05:41 am

Doha: Qatar National Bank (QNB) has been the recipient of two industry recognised awards from the Banker Middle East. QNB was awarded the...

Ireland on track for bailout exit this year 20 Jun 2013 - 05:41 am

DUBLIN: Ireland has a good chance of exiting its bailout this year but would benefit from more European support in cleaning up its...