Business

BP may delay $10bn Mad Dog oil scheme in Gulf of Mexico 20 Apr 2013 - 04:32 am

LONDON: BP is reviewing its biggest new oil project in the Gulf of Mexico, due to rising development costs across the industry, and...

Nokia sales tumble overshadows Lumia pick-up 19 Apr 2013 - 03:17 am

The headquarters Nokia, one of the world’s biggest mobile phone makers, in Espoo, Finland. HELSINKI: A sharp fall in sales of Nokia’s basic...

Twitter launches music app to deepen multimedia offering 19 Apr 2013 - 03:16 am

SAN FRANCISCO: Twitter Inc launched a stand-alone music-streaming app yesterday, opening another front in the micromessaging service’s ambitious expansion into multimedia content. The...

QIF enters into new deal in investment management 19 Apr 2013 - 03:16 am

DOHA: The Qatar Investment Fund (QIF) has announced that it is entering into a new investment management agreement from October 31, 2013 with...

India to boost export 19 Apr 2013 - 03:15 am

Indian Commerce and Industry Minister Anand Sharma with a copy of the country’s Foreign Trade Policy manifesto in New Delhi, yesterday. The government...

Qatar bourse remains bearish for 4th week 19 Apr 2013 - 03:14 am

DOHA: Bearish spell continued for the fourth consecutive week on Qatari bourse as the benchmark Index lost 58.94 points or 0.69 percent during...

European stocks end mixed as US data snuffs out rally 19 Apr 2013 - 03:14 am

LONDON: European stocks ended flat or down on Thursday with disappointing US data erasing gains made on hints from a European Central Bank...

Heavy taxes prevent African airlines from making profit 19 Apr 2013 - 03:14 am

CAPE TOWN: Africa’s airlines are set to earn $100m in profits this year but face heavy taxes with fuel costs that are way...

Barclays chief for investment stands down 19 Apr 2013 - 03:13 am

London: Rich Ricci, who led Barclays’ investment banking division during the Libor rate-rigging scandal, has “decided to retire”, the bank has said. Ricci,...

Ooredoo lines up loan up to $12bn for Maroc Telecom bid 19 Apr 2013 - 02:06 am

Ooredoo Chairman Sheikh Abdullah bin Mohammed bin Saud Al Thani (second left); Deputy Chairman Ali Shareef Al Emadi (third left); CEO Dr Nasser...

Doha Bank nets QR395m profit in Q1 18 Apr 2013 - 01:00 am

DOHA: Doha Bank recorded an impressive QR395m net profit for the first quarter of 2013 as compared to QR390m for the same period...

Tasdeer aims to contribute QR3bn to GDP by 2015 18 Apr 2013 - 12:58 am

Lilia Hachem Naas of International Trade Centre giving a presentation during a workshop at Hilton Hotel yesterday. Hassan Khalifa Al Mansoori, Executive Director...

Chinese bank ICBC tops Forbes Global 2000 list 18 Apr 2013 - 12:57 am

WASHINGTON: Chinese bank ICBC knocked US oil giant ExxonMobil from its perch as the world’s biggest public company yesterday, ranking number-one for the...

US growth at moderate pace: Fed Beige Book 18 Apr 2013 - 12:57 am

WASHINGTON: The Federal Reserve slightly upgraded its view of the US economy yesterday, its Beige Book report on regional activity saying that manufacturing...

Nakilat boosts marine business at LNG 17 18 Apr 2013 - 12:55 am

Officials pose for a group picture in Houston. DOHA: Nakilat, Qatar’s premier gas transporter, and its ship repair and construction joint ventures are...

Commercial Bank posts net profit of QR506m 18 Apr 2013 - 12:55 am

DOHA: Commercial Bank’s net profit increased by 7.3 percent to QR506m in the first quarter this year compared with QR471m achieved in Q1-2012....

GCC states may invest $300bn in power sector by 2020: GOIC report 18 Apr 2013 - 12:54 am

DOHA: GCC states are projected to invest more than $300bn in some 20 energy projects expecting to generate 8 Giga watts of additional...

European stocks fall 18 Apr 2013 - 12:54 am

LONDON: European stock markets fell sharply yesterday, hit by comments by the Bundesbank chief that the debt crisis could take a decade to...