Business

Call for reforms in Qatar project contract terms 08 Oct 2013 - 01:25 am

DOHA: Qatar’s standard project contract conditions are rigid and hugely in favour of the project owners. The customary clauses and conditions set in...

Airbus beats Boeing with $9.5bn order for 31 planes from Japan 08 Oct 2013 - 01:24 am

Yoshiharu Ueki (right), President of Japan Airlines (JAL), and Fabrice Bregier, President and Chief Executive Officer (CEO) of Airbus show a model of...

Commercial Bank eyes growth in Turkey 08 Oct 2013 - 01:22 am

Officials of Commercial Bank and ABank during the event in Turkey. Doha: Following the acquisition of a 70.84 percent stake in Turkey’s Alternatifbank...

World urged to ready defences over US crisis 08 Oct 2013 - 01:22 am

LONDON: The global community should fear the worst over the US debt crisis and shore up its economic defences accordingly, South Africa’s finance...

Nakilat records QR572.5m profits in nine months 08 Oct 2013 - 01:22 am

DOHA: Qatar Gas Transport Company’s (Nakilat) total profits from operations for nine months period ended September 30, 2013 reached QR572.5m compared with QR561.6m...

India commits to WTO trade deal at Bali meet 08 Oct 2013 - 01:20 am

World Trade Organisation Director-General Roberto Azevedo addresses Confederation of Indian Industry members in New Delhi yesterday. NEW DELHI: India threw its weight yesterday...

UDC wins BIZZ 2013 award from Worldcob 08 Oct 2013 - 01:19 am

Hamad Al Nuaimi with the award. Doha: United Development Company (UDC) has won The BIZZ 2013 Award under the “Inspirational Company” category from...

Greece sees end to recession in ’14 08 Oct 2013 - 01:18 am

ATHENS: Greece will emerge from six years of recession next year, a draft budget forecast yesterday, signalling the country is past the worst...

Emaar, Dubai Holding launch mega project 08 Oct 2013 - 01:18 am

DUBAI: Emaar Properties and Dubai Holding, a conglomerate owned by the emirate’s ruler, have joined forces to restart work on The Lagoons, a...

Air France is being ‘saved’, sees profits 08 Oct 2013 - 01:17 am

PARIS: A deep restructuring plan with big job cuts is rescuing French airline Air France, and the whole Air France-KLM group will become...

World Bank lowers East Asia growth forecast to 7.1pc 08 Oct 2013 - 01:16 am

A woman ploughing a field in Monywa, northern Myanmar. The World Bank lowered its 2013 growth forecast for East Asian developing countries to...

China economy on a ‘smooth’ slowdown: Xi 08 Oct 2013 - 01:16 am

NUSA DUA, Indonesia: China’s economy is on a smooth and controlled slowdown, President Xi Jinping said yesterday, emphasising there was no reason to...

Germany’s FWU issues rare asset-backed sukuk 08 Oct 2013 - 01:15 am

Berlin: FWU Group, a Munich-based financial services company, has issued a $20m five-year Islamic bond backed by insurance policies, a small but rare...

Taqa gets Kurdistan oil field all clear 08 Oct 2013 - 01:15 am

DUBAI: Abu Dhabi National Energy Company (Taqa) has received approval from the Kurdistan Regional Government (KRG) to develop the Atrush Block in the...

Oman’s AMIC plans IPO as part of conversion into takaful firm 08 Oct 2013 - 01:15 am

DUBAI: Oman’s Al Madina Insurance Co (AMIC) plans to list its shares on the local bourse as part of its transformation into a...

India should tackle subsidies: Minister 08 Oct 2013 - 01:14 am

NEW DELHI: India must tackle a jump in spending on fuel and food subsidies sooner rather than later, Finance Minister P Chidambaram said,...

Majnoon oil output reaches milestone 07 Oct 2013 - 02:57 am

A worker walks through the Majnoon oil field in Basra, 420km southeast of Baghdad, yesterday. BAGHDAD: Production from Iraq’s Majnoon oilfield, run by...

Qatar banks to extend loan loss provisions in Q3 07 Oct 2013 - 02:57 am

DOHA: After recording a high 63.3 percent increase (quarter-on-quarter) in their provision expenses in the second quarter of 2013, Qatar-based banks are projected...