Business

IILM issues $860m sukuk 21 Jan 2014 - 10:26 am

DOHA/KUALA LUMPUR: The Malaysia-based International Islamic Liquidity Management Corporation (IILM) has successfully conducted its sukuk issuance programme by auctioning $860m of three-month Islamic...

GDI takes possession of eighth jack-up drilling rig 21 Jan 2014 - 10:25 am

Doha: Gulf International Services, the largest service group in Qatar, completed the acquisition of its eighth jack-up drilling rig by its drilling joint...

Barwa Real Estate to sell 37.34pc stake in Barwa Bank for QR2.39bn 21 Jan 2014 - 10:22 am

DUBAI: Barwa Real Estate (BRE) said yesterday it had agreed to sell its 37.34 percent stake in unlisted Barwa Bank for QR2.39bn ($656m)...

Qatar bourse index down by 0.19 percent 21 Jan 2014 - 10:22 am

Doha: Qatar Exchange ended in the red when trading closed yesterday at 11,072.13 points, down 20.88 points or 0.19 percent from the previous...

Turkish lira at new low; rate hike ruled out 21 Jan 2014 - 10:22 am

ANKARA: Turkey’s currency sank to new record lows yesterday, pummelled by continuing political problems for the government of Prime Minister Recep Tayyip Erdogan....

European stocks end mixed 21 Jan 2014 - 10:22 am

LONDON: Europe’s main stock markets turned in a mixed, lacklustre performance yesterday with Wall Street closed for a holiday and China turning in...

Taqa to invest $1.2bn in Kurdistan oilfield 21 Jan 2014 - 10:21 am

ABU DHABI: Abu Dhabi National Energy Company (Taqa) plans to invest about $1.2bn developing the Atrush oil and gas block in the autonomous...

Firm starts work on ‘Heart of Europe’ project off Dubai coast 21 Jan 2014 - 10:21 am

DUBAI: A property developer has started building a huge resort complex on a man-made archipelago off Dubai’s coast as the emirate revives tourism...

China’s oil demand sees slowest rise 21 Jan 2014 - 10:21 am

BEIJING: China’s oil consumption in 2013 posted the slowest rise in more than two decades, data showed yesterday, as softer economic growth sliced...

Shell sells stakes in Australian gas project for $1.14bn 21 Jan 2014 - 10:20 am

LONDON: Royal Dutch Shell said yesterday that it had agreed to sell stakes in a gas project in Western Australia for $1.14bn as...

Energy industry faces huge challenges: PM 21 Jan 2014 - 04:59 am

The Prime Minister and Interior Minister H E Sheikh Abdulla bin Nasser bin Khalifa Al Thani (centre) with Minister of Energy and Industry...

Qatar Islamic Bank records QR1.34bn profit 20 Jan 2014 - 12:20 am

DOHA: Qatar Islamic Bank (QIB) recorded a net profit of QR1.34bn for the year 2013, up 7.6 percent compared to QR1.24bn posted a...

Number of IATA-accredited agencies rises to 143 20 Jan 2014 - 12:19 am

BY MOHAMMAD SHOEB DOHA: With Qatar emerging as a new aviation hub in the region backed by a booming tourism industry, the total...

IPTC excellence award 20 Jan 2014 - 12:19 am

Saad Al Kaabi (left), Director of Oil & Gas Ventures at Qatar Petroleum presents the International Petroleum Technology Conference’s (IPTC) ‘Exellence in Project...

Bahrain air show 20 Jan 2014 - 12:18 am

A female security officer looks at an automatic machine gun made by Caracal, a United Arab Emirates weapon manufacturing company, displayed at the...

Platinum mine workers to strike 20 Jan 2014 - 12:17 am

Members of South Africa’s Association of Mineworkers and Construction Union (AMCU) attend a rally in Rustenburg, northwest of Johannesburg, yesterday. AMCU will strike...

Brazilian airlines to add flights 20 Jan 2014 - 12:16 am

Brazilian airline Gol’s Boeing 737 and TAM’s Airbus A320 aircraft parked at Congonhas airport in Sao Paulo. Brazilian aviation regulator ANAC said it...

Boyu Capital raises $1.5bn buyout fund 20 Jan 2014 - 12:16 am

The logo of Boyu Capital at the company’s office in Hong Kong. China-focused private equity firm Boyu Capital has raised $1.5bn for its...