Business

Qatar to buy 40pc in Milan’s property project 17 May 2013 - 03:53 am

MILAN: Qatar Holding LLC has agreed to buy a 40 percent stake in Milan’s real estate development project Porta Nuova for an undisclosed...

Kuwait bourse resumes rally 17 May 2013 - 03:52 am

Three men watch a screen at the Kuwait bourse. The bourse resumed a rally in heavy trading yesterday as upbeat expectations of an...

US consumer prices tumble on petrol; biggest drop in 4 years 17 May 2013 - 03:51 am

A New York City taxi driver fills his taxi with petrol at a service station in New York. WASHINGTON: A sharp drop in...

Dubai lender plans to tap debt markets 17 May 2013 - 03:49 am

DUBAI: Emirates NBD (ENBD), Dubai’s biggest lender, plans to tap global debt markets for its first capital-boosting bond issue, as Gulf banks take...

QE index up 69.02 points this week 17 May 2013 - 03:49 am

Doha: Qatar Exchange index gained 69.02 points (0.78 percent) this week when it closed at 8,916.90 points at the end of the trading...

Iran plans to boost diesel exports to Iraq 17 May 2013 - 03:48 am

DUBAI: Iran will more than double its diesel exports to Iraq thanks to higher capacity at its refineries, a leading oil official said....

China offers mega investment prospects 16 May 2013 - 05:14 am

BY MOHAMMAD SHOEB DOHA: China has immense potential for foreign investments. Its thriving sectors, the so-called ‘local Afghan caves’, including oil refinery, Shale...

Qatar, Bangkok airlines in new deal 16 May 2013 - 05:12 am

A Qatar Airways Boeing 777 which operates on the Doha-Bangkok route, at the Doha International Airport. DOHA/BANGKOK: Qatar Airways yesterday announced a new...

Sixteen Qatari firms make it to Forbes ‘Top 500 Companies in Arab World’ 16 May 2013 - 05:11 am

DOHA: Hydrocarbons-rich Qatar’s 16 companies were listed in the Forbes Middle East magazine’s Top 500 Companies in the Arab World, with three state-backed...

QA wants to be launch customer for Boeing 777X 16 May 2013 - 05:11 am

NEW YORK: Qatar Airways’ top executive said the Middle-Eastern carrier wants to be a launch customer for Boeing Co’s forthcoming 777X mini-jumbo jet,...

Chidambaram to boost Qatar, India trade relations 16 May 2013 - 05:11 am

DOHA: India’s Finance Minister, P Chidambaram, is scheduled to pay an official visit here on May 19, a press statement issued by the...

Lulu wins top Forbes award 16 May 2013 - 05:10 am

UAE Minister of Culture, Youth and Social Development Sheikh Nahyan bin Mubarak Al Nahyan presents ‘Forbes TOP 100 Companies’ award to Managing Director...

Day of mixed trading for Gulf markets 16 May 2013 - 05:08 am

DUBAI: Egypt’s Orascom Telecom (OT) helped lift Cairo’s bourse yesterday after the company’s management urged shareholders to reject a buyout offer, raising investor...

QE keen to take part in region’s activities: CEO 16 May 2013 - 05:08 am

Tunis: CEO of Qatar Exchange Rashid bin Ali Al Mansoori, highlighted QE’s support to the efforts made by the General Secretariat of the...

QNB Platinum sponsor of internal auditing meet 16 May 2013 - 05:06 am

Doha: Qatar National Bank (QNB), the largest financial institution in Qatar and the Mena region, has announced its Platinum sponsorship of the third...

Mideast family businesses flourishing, survey reveals 16 May 2013 - 05:06 am

DOHA: Family businesses in the Middle East have performed well over the last year, with 83 percent reporting growth in sales in the...

Dubai’s April inflation remains low 16 May 2013 - 05:04 am

DUBAI: Dubai’s inflation remained muted in April compared to the previous month despite a jump in rents, data showed yesterday. Consumer price growth...

Oil pricing probe widens as Britain vows tougher action 16 May 2013 - 12:50 am

Fuel pumps at a Shell petrol station in London yesterday. LONDON: Oil companies will face the full force of the law if they...