Business

Iraqi Kurdistan oil exports slashed in payment row 27 Dec 2012 - 09:41 am

ARBIL: Oil exports from Iraq’s autonomous Kurdistan region via the federal government have been slashed in the latest chapter of a long-running payments...

KLJ Organic joins QIMC for $100m project 27 Dec 2012 - 09:39 am

BY MOHAMMAD SHOEB DOHA: Enticed by Qatar’s inexpensive energy resources, KLJ Organic Limited has become the first Indian company to make the largest...

Oil jumps in thin trade, US crude near 10-week high 27 Dec 2012 - 09:38 am

Traders work the floor at the New York Stock Exchange yesterday. NEW YORK: Oil prices jumped by the most in weeks on Wednesday,...

Qatar Petroleum eyes stake in Indian LNG firm 27 Dec 2012 - 09:37 am

DOHA: Qatar Petroleum (QP) has expressed its interest to buy a 5.2 percent stake in Petronet LNG, one of the fastest growing companies...

Qatar bans import, trade of steel below grade 500 27 Dec 2012 - 09:37 am

DOHA: Qatar has banned the import and trade of construction steels below grade 500 to increase the quality of the building materials in...

Ratan Tata hands over reins of empire 27 Dec 2012 - 09:36 am

MUMBAI: Indian industrialist Ratan Tata retires on his 75th birthday this week, handing over the reins of his sprawling business empire after decades...

Hong Kong airport sets record 27 Dec 2012 - 09:34 am

A Cathay Pacific Airways jetliner takes off from Hong Kong International Airport, in Hong Kong, yesterday. A total of 1,081 flight movements were...

Qatari bourse index loses 53.77 points 27 Dec 2012 - 09:34 am

Doha: Qatar Exchange index continued its losing streak yesterday dropping 53.77 points or 0.64 percent to 8,327.38 points from the previous closing of...

UAE bad loan provisions drop first time since crisis 27 Dec 2012 - 09:33 am

DUBAI: Outstanding provisions for bad loans set aside by banks in the United Arab Emirates fell in October for the first time since...

UK moves up in economic league table 27 Dec 2012 - 09:33 am

London: Britain moved up to sixth in the global economic league table in 2012, overtaking Brazil despite a year of flatlining activity. A...

Iraq mobile firm aims to raise $1.23bn in IPO 27 Dec 2012 - 09:32 am

Baghdad:Iraq’s second-biggest mobile operator Asiacell aims to raise $1.23bn in an initial public offering next month, it said, after pressure from Baghdad’s media...

Air Arabia takes delivery of sixth A320 this year 27 Dec 2012 - 09:32 am

Doha: Air Arabia, the first and largest low cost carrier in the Middle East and North Africa, announced yesterday that it has taken...

Ahli Bank, QIMC and Indian firm sign pact 26 Dec 2012 - 01:19 am

Abdul Rahman Al Ansari (third left), CEO, Qatar Industrial Manufacturing Company (QIMC); Mahmoud Malkawi (fourth left), Acting CEO, Ahli Bank (Ahli); and Hemant...

Qatar Insurance Group to set up holding firm 26 Dec 2012 - 01:19 am

DOHA: Qatar Insurance Group will set up a Holding Company to further expand the Group’s existing operations in both insurance and non-insurance sectors....

Worried Egypt slaps new controls on travelling with cash 26 Dec 2012 - 01:18 am

CAIRO: Egypt has banned travellers from carrying more than $10,000 in foreign currency in or out of the country, as officials worry over...

Qatar Exchange index down 0.11pc 26 Dec 2012 - 01:17 am

An investor looks at a computer screen in front of an electronic board showing stock information at a brokerage house in Hefei, Anhui...

Asiacell plans to raise $1.35bn from IPO; offer starts on Jan 3 26 Dec 2012 - 01:17 am

DUBAI: Iraq’s Asiacell, a unit of Qatar Telecom, said it planned to raise at least $1.35bn by floating 25 percent of its share...

Milaha unit gets $95m financing from QIIB 26 Dec 2012 - 01:16 am

DOHA: Milaha Maritime and Logistics, a subsidiary of Milaha, secured financing “Ijara” of $95m from Qatar International Islamic Bank (QIIB). The funds will...