Business

Chinese firms hold 1,000 tonnes of gold 16 Apr 2014 - 01:02 am

Customers are reflected in a mirror as they look at gold accessories at a gold store in China’s Xuchang. Chinese firms could have...

Banks, property developers lift Qatar bourse 16 Apr 2014 - 12:35 am

DOHA: Qatar’s bourse rallied yesterday after a two-day pull-back. The index rose 1.5 percent with property names leading the turnover. Shares in United...

Qatar’s cement demand to double in next three years 16 Apr 2014 - 12:35 am

DOHA: Driven by heavy government infrastructure spending, Qatar’s domestic cement demand is projected to grow double from the current levels within next three...

India inflation hits three-month high 16 Apr 2014 - 12:34 am

NEW DELHI: India’s inflation accelerated to a three-month high in March, data showed yesterday, dashing hopes of interest rate cuts to revive a...

Barclays faces backlash over bonuses 16 Apr 2014 - 12:34 am

LONDON: Barclays’ Chief Executive Antony Jenkins is facing a high-wire act to overhaul the firm’s investment bank without undermining a division that contributes...

Al Faisal, HLG in settlement 16 Apr 2014 - 12:34 am

DOHA: Al Faisal Holding (AFH) entered into a settlement agreement with Habtoor Leighton Group (HLG), the company said yesterday. According to the agreement,...

France will stick to EU deficit target 16 Apr 2014 - 12:33 am

PARIS: France will stick to the country’s EU-set budget deficit reduction target, the new finance minister insisted yesterday, dismissing earlier indications that Paris...

RWE to supply natural gas to Ukraine 16 Apr 2014 - 12:33 am

FRANKFURT: RWE, Germany’s second-biggest power supplier, said yesterday it will start gas deliveries to Ukraine as Russia threatens to cut off the country’s...

Russia could be hit by zero growth in 2014 16 Apr 2014 - 12:33 am

MOSCOW: The Russian economy could be set back to zero growth this year, the finance minister warned yesterday amid growing spending on Crimea...

Kuwait to award $4.3bn oil contract 16 Apr 2014 - 12:32 am

KUWAIT: Kuwait plans to award a KD1.2bn ($4.3bn) contract later this year for the first phase of a project to produce heavy oil...

Daewoo gets $588.8m Iraq oilfield contract 16 Apr 2014 - 12:32 am

BAGHDAD: Iraq’s cabinet approved yesterday an $588.8m oilfield service contract with South Korea’s Daewoo Engineering & Construction for the development of the Zubair...

German economic growth to accelerate, imports to grow 16 Apr 2014 - 12:32 am

BERLIN: German economic growth will accelerate this year to 1.8 percent and pick up again next year, the economy ministry said yesterday, although...

Sahara Petro Q1 profit dips 20.3pc 16 Apr 2014 - 12:32 am

DUBAI: Saudi Arabia’s Sahara Petrochemical, currently in talks with Sipchem over a possible merger, posted a 20.3 percent drop in first-quarter net profit...

Nigerian power firm secures $255m capital 16 Apr 2014 - 12:31 am

LAGOS: Nigeria’s oil firm Seven Energy said yesterday it had secured $255m in equity funding from global investors, including Singapore’s Temasek, to boost...

Al Attiyah meets GECF Secretary-General 15 Apr 2014 - 01:57 am

The Chairman of the Administrative Control and Transparency Authority, H E Abdullah bin Hamad Al Attiyah (centre) met with the Secretary-General of the...

IPO activity to gain momentum: E&Y 15 Apr 2014 - 01:55 am

DOHA: Five initial public offerings (IPOs) from the Middle East and North Africa (Mena) region raised over $1.28bn (QR4.66bn) during the first quarter...

Low dividend stocks perform better on Qatar bourse: Expert 15 Apr 2014 - 01:52 am

By Satish Kanady DOHA: High dividend paying stocks on Qatar Exchange have performed significantly worse compared to low dividend paying stocks in the...

Statoil not to say ‘No’ to Russia 15 Apr 2014 - 01:50 am

US Treasury Secretary Jack Lew (left) and Ukrainian Finance Minister Oleksandr Shlapak during a signing ceremony for a $1bn loan guarantee for Ukraine,...