Business

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....

Hong Kong property protest 08 Jul 2013 - 01:24 am

Property agents take part in a demonstration outside the government headquarters in Hong Kong yesterday. Thousands of estate agents and property owners marched...

Minister of Finance becomes QNB Chairman 08 Jul 2013 - 01:24 am

Doha: Qatar National Bank announced yesterday the appointment of the Minister of Finance H E Ali Sherif Al Emadi as Chairman of QNB ...

South Korea’s Daelim wins $293m Saudi butanol plant project 08 Jul 2013 - 01:23 am

RIYADH: Saudi Butanol Company (Sabuco), a joint venture of local petrochemicals firms, has awarded South Korea’s Daelim Construction Co a SR1.1bn ($293m) contract...

Qatar Exchange announces Ramadan business hours 08 Jul 2013 - 01:23 am

Doha: Qatar Exchange (QE) announced yeterday that its official business hours during the holy month of Ramadan will be from 8.30am to 1.30pm,...

Qatari bourse index dips by 9.04 points 08 Jul 2013 - 01:22 am

Doha: Qatar Exchange index lost 9.04 points or 0.10 percent to reach 9,363.13 points from the previous closing of 9,372.17 points. The volume...

ECB cannot solve eurozone crisis: Bundesbank chief 08 Jul 2013 - 01:21 am

AIX-EN-PROVENCE, France: The European Central Bank cannot solve the eurozone crisis, Bundesbank chief Jens Weidmann told economists yesterday, pressing the bloc’s governments to...

China’s CNPC joins $12bn Ecuador refinery project 08 Jul 2013 - 01:21 am

QUITO: China National Petroleum Corp (CNPC) has agreed to help finance the construction of a $12bn refinery project in Ecuador, the South American...

Jet engine makers CFM, Pratt battle over performance 08 Jul 2013 - 01:20 am

PARIS: Engine makers for next-generation Airbus and Boeing narrow-body jets stepped up their war of words yesterday, claiming their new power plants will...