Business

US energy independence idea ‘naive’: Nuaimi 01 May 2013 - 01:20 am

Saudi Oil Minister Ali bin Ibrahim Al Nuaimi addressing the audience during a lecture at the Center for Strategic and International Studies in...

Libya aims to end fuel subsidies in 3 years: Minister 01 May 2013 - 01:19 am

TRIPOLI: Libya will join its neighbours in tackling sensitive fuel market reforms and plans to do away with all subsidies within three years,...

Analysts slash oil price forecasts 01 May 2013 - 01:18 am

NEW YORK: Brent crude will hover around $100 a barrel for the next two years, a Reuters poll showed after analysts slashed their...

Egypt to raise fees for ships passing through Suez Canal 01 May 2013 - 01:18 am

CAIRO: Egypt will raise the fees paid by ships passing through the Suez Canal in an effort to boost revenue as the economy...

BP signs deal to build port terminal in southern Iraq 01 May 2013 - 01:17 am

BASRA: British oil major BP has signed a deal with Iraq to build a new terminal at the southern port of Khor Al...

European stocks mixed 01 May 2013 - 01:17 am

Traders work at their desks in front of the DAX board at the Frankfurt Stock Exchange yesterday. LONDON: European stock markets closed yesterday...

Over 19 million out of work in eurozone 01 May 2013 - 01:15 am

BRUSSELS: European unemployment hit a fresh record in March with more than 19 million people out of work as Italy’s new premier Enrico...

Iraq oil exports rose to 2.6m b/d in April: Minister 01 May 2013 - 01:15 am

SEOUL: Iraq’s oil exports rose in April to 2.6 million barrels per day (b/d), the country’s oil minister said yesterday, helping to keep...

BP net profits triple to $16.86bn in Q1 01 May 2013 - 01:15 am

LONDON: British energy giant BP said yesterday that net profits almost tripled in the first quarter of 2013, boosted by the sale of...

Oman seeks $4bn loan for Duqm refinery 01 May 2013 - 01:14 am

MUSCAT: State-run Oman Oil Co is talking to bankers about raising a $4bn loan to build an oil refinery in the southern coastal...

Weekly Money Market Review with IBQ: Global growth concerns amid weak economic data 01 May 2013 - 01:14 am

Investors have been lacking direction this week with the recent weakness that is developing in China, the ongoing recession in the euro zone...

Over 2,100 exhibitors for Project Qatar 30 Apr 2013 - 01:08 am

Ambassadors of various countries and organisers of Project Qatar during a press conference at Hilton Hotel yesterday. Shaival Dalal DOHA: Over 2,100 exhibitors,...

Stellar 2012 for Pak-Qatar Takaful Group 30 Apr 2013 - 01:07 am

The Board meeting of Pak-Qatar Takaful Group held in Doha recently. DOHA: The Pak-Qatar Takaful Group made a profit after tax of Rs45.44m...

Aamal profit rises to QR56.7m in Q1 30 Apr 2013 - 01:07 am

DOHA: Aamal Company QSC (Aamal), one of Qatar’s leading listed companies with a diversified business portfolio, yesterday reported net profits of QR56.7m for...

Tasweeq exports 45m tonnes of GTL products 30 Apr 2013 - 01:06 am

Tasweeq employees who completed five years of service posing for a group picture with their congratulatory certificates. DOHA: Qatar International Petroleum Marketing Company...

Widam Food sales surge 19.5pc in Q1 30 Apr 2013 - 01:04 am

DOHA: Widam Food, Qatar’s premium meat provider, announced yesterday that its sales surged by 19.5 percent for the first quarter of 2013. The...

Central London’s properties to be showcased in Doha show 30 Apr 2013 - 01:02 am

An inside view of one of the private apartments in Fitzroy Place. DOHA: The developers of prime central London real estate project, Fitzroy...

MAF moves closer to Egypt deal 30 Apr 2013 - 01:02 am

DUBAI: Dubai retail firm Majid Al Futtaim (MAF) is in advanced discussions to buy Egypt’s largest supermarket chain from family-owned Mansour Group, two...