Business

Pearl GTL named best oil & gas project 09 Dec 2012 - 02:12 am

Officials with the Best Mena Oil and Gas Project Award at the Adipec ceremony. DOHA: Pearl Gas to Liquids (GTL) project received yet...

Real estate top borrower in 2011: QCB 09 Dec 2012 - 02:06 am

DOHA: The lending patterns of banks here have been changing with real estate emerging as a key borrower, pushing the banking industry’s all-time...

Canada okays CNOOC, Petronas deals 09 Dec 2012 - 02:06 am

OTTAWA/HONG KONG: Canada approved China’s biggest ever foreign takeover, the $15.1bn bid by CNOOC Ltd for energy company Nexen Inc, after the Chinese...

US Air makes merger offer; AMR pilots approve deal 09 Dec 2012 - 02:05 am

NEW YORK: US Airways Group Inc has made a formal merger proposal to American Airlines parent AMR Corp and its creditors that could...

Qatar’s LNG reaches 23 nations: QNB report 09 Dec 2012 - 02:05 am

DOHA: With the phenomenal boom in Qatar’s LNG supply, the hydrocarbon rich country is diversifying its export destinations. In 2007, it exported gas...

Barwa Bank, First Finance bag honours at IBF Awards 09 Dec 2012 - 02:01 am

First Finance Company officials during the award ceremony. Doha: Barwa Bank, Qatar’s fastest growing Shariah-compliant bank, has been named winner of the Islamic...

Investors offer €30bn in Greek debt buyback 09 Dec 2012 - 02:01 am

Athens: Greece is set to purchase back about half of its debt owned by private investors, broadly succeeding in a bond buyback that...

Goldman Sachs fined $1.5m for trading glitch 09 Dec 2012 - 02:00 am

WASHINGTON:Goldman Sachs Group Inc was fined $1.5m to settle charges it failed to supervise its traders and allowing one futures dealer to hide...

AL RAYYAN VILLAGE: The Five-Star and Most Sought-After Urban Residential Compound in Qatar 09 Dec 2012 - 01:51 am

An overview and interior (right) of Al Rayyan Village built by Prime Lands Real Estate Development in Qatar. Pictures: Qassim Rahmatullah By Raynald...

Putin launches construction of South Stream pipeline 08 Dec 2012 - 01:37 am

Russian President Vladimir Putin (second left) and Gazprom CEO Alexei Miller (left) examine an exhibition devoted to ceremonial launch of South Stream gas...

Trio of gas pipelines vie for southern Europe pie 08 Dec 2012 - 01:37 am

PARIS: Three competing pipelines, South Stream, Nabucco and TAP, have launched projects in the past few years to supply southern Europe with gas...

Developed countries see wages fall: ILO 08 Dec 2012 - 01:36 am

GENEVA: A sluggish global economy hit world wage growth hard last year, taking an especially harsh toll on workers in developed countries, who...

Laos ratifies WTO membership 08 Dec 2012 - 01:36 am

BANGKOK: Laos has ratified its membership of the World Trade Organisation, state media said yesterday, the latest step in the small Southeast Asian...

Last edition of FT Deutschland 08 Dec 2012 - 01:34 am

A journalist holds up a copy of the last edition of the German business daily Financial Times Deutschland in Berlin yesterday. Writing on...

European stocks mixed on US jobs data 08 Dec 2012 - 01:34 am

LONDON: Europe’s main stock markets posted mixed results yesterday, while the euro declined against the dollar as traders digested positive US monthly jobs...

Six Greek banks to take part in bond buyback 08 Dec 2012 - 01:33 am

ATHENS: Greece’s five biggest banks said they would take part in the country’s debt buyback, putting Athens on track to meet targets set...

UK economy on verge of shrinking again 08 Dec 2012 - 01:33 am

LONDON: British industrial production unexpectedly fell in October after factory output posted its biggest drop since June, reinforcing fears that the economy will...

Car powered by solar panels 07 Dec 2012 - 01:27 am

The CEO of the IT services company Atos, Thierry Breton (left), and French industrial group Bollore’s head Vincent Bollore pose next to a...