Business

WPC to honour Attiyah with Dewhurst Award 20 May 2014 - 04:19 am

DOHA: H E Abdullah bin Hamad Al Attiyah, Chairman of Administrative Control and Transparency Authority and former Energy Minister, is being recognised for...

Al Sada to open GPCA forum 20 May 2014 - 04:17 am

DOHA: H E Dr Mohammed bin Saleh Al Sada, Minister of Energy and Industry, will inaugurate the 9th edition of Gulf Petrochemicals &...

Record visitors expected at Cityscape 20 May 2014 - 04:17 am

DOHA: A renowned line up of international and local real estate developers have confirmed their attendance at Cityscape Qatar, giving a strong indication...

Dollar under pressure in Asia after mixed data 20 May 2014 - 04:16 am

TOKYO: The dollar slipped in Asia yesterday following mixed US data and simmering geopolitical concerns, while the Indian rupee sat close to one-year...

Climate rules won’t affect fossil fuel: Shell 20 May 2014 - 04:16 am

LONDON: Royal Dutch Shell has dismissed the possibility that its proven oil or gas reserves will become unusable as a result of climate...

Gold steadies below $1,300, platinum gains 20 May 2014 - 04:15 am

SINGAPORE: Gold steadied yesterday after two consecutive sessions of losses but remained below the key $1,300-an-ounce level, weighed down by strong US economic...

Political crisis erodes Thai economic growth 20 May 2014 - 04:14 am

BANGKOK: Thailand’s economy shrank 0.6 percent year-on-year in January-March, data showed yesterday, as the festering political crisis eroded consumer confidence and frightened off...

Germany ruling coalition agrees on flagship pension reforms 20 May 2014 - 04:13 am

BERLIN: German Chancellor Angela Merkel’s coalition agreed yesterday on the final details of a flagship pension reform to lower the retirement age for...

Rio Tinto set to finalise $20bn Guinea project 20 May 2014 - 04:13 am

SYDNEY: Global mining giant Rio Tinto says it is set to finalise a $20bn deal to develop the world’s biggest untapped iron-ore deposit...

Dubai Islamic Bank to buy Indonesian bank stake 20 May 2014 - 04:13 am

DUBAI: Dubai Islamic Bank (DIB) will purchase a 25 percent stake in Indonesian Islamic lender Bank Panin Syariah, it said yesterday, as the...

Carney backs new UK bank standards body 20 May 2014 - 04:12 am

LONDON: Bank of England governor Mark Carney has backed a plan by Britain’s biggest banks to set up a new body to improve...

ECB fuels speculation of imminent rate cut 20 May 2014 - 04:11 am

ECB fuels speculation of imminent rate cut FRANKFURT: The European Central Bank issued another signal yesterday that it is preparing further moves to...

Etisalat wins TMT Mena Deal of the Year award 20 May 2014 - 02:30 am

Doha: Etisalat Group scooped two awards at the prestigious TMT Finance Mena Awards 2014 in Dubai. Etisalat’s recent acquisition of Maroc Telecom won...

Ryanair sees profit bouncing back 20 May 2014 - 02:30 am

DUBLIN: European low-cost airline Ryanair reported its first fall in profits in five years yesterday, blaming tougher competition, but said prospects of strong...

Qatari bourse index down by 1.79 percent 20 May 2014 - 02:28 am

Doha: The Qatar Exchange ended in the red area when trading closed yesterday at 12,788.23 points down 232.49 points, or 1.79 percent, from...

Al Baraka plans sukuk in South Africa, Pakistan 20 May 2014 - 02:27 am

DUBAI: Bahrain-based Al Baraka Banking Group said it is considering issuing subordinated Islamic bonds through its South African and Pakistani units to boost...

Egypt to increase gas production by year-end 20 May 2014 - 02:26 am

CAIRO: Egypt plans to increase its production of natural gas by 400-500 million cubic feet per day by the end of the year,...

Anti-doping body bans use of xenon gas 20 May 2014 - 12:24 am

MONTREAL: The World Anti-Doping Agency banned the inhalation of xenon and argon gas yesterday, saying it could illegally enhance the performance of athletes....