Main headlines

September 21, 2014

Qatar Petroleum (QP) and Qatar Petrochemical Company (QAPCO) signed an agreement in February 2012 to jointly develop the Al Sajeel mega-petrochemical complex in Ras Laffan
04:55 GMT

The Al Sejeel petrochemical project, one of the world’s largest mixed-feed steam crackers, was scheduled for completion in 2018 as part of Qatar’s large-scale expansion of the petrochemicals sector.

Cost-cutting and organisational changes should marginally improve Prada's gross margin by the end of the year, Galli said.
03:00 GMT

The maker of luxury leatherware and Miu Miu-brand dresses said it was hit by sluggish consumer demand amid an uncertain economic outlook and unfavourable exchange rates.

September 19, 2014


Brent November crude slipped 8 cents to settle at $98.97 a barrel, recovering from an intraday low of $98.51 on Wednesday in London.Brent November crude slipped 8 cents to settle at $98.97 a barrel, recovering from an intraday low of $98.51 on Wednesday in London.
03:06 GMT

Prince Abdulaziz Bin Salman Bin Abdulaziz, Assistant Minister of Petroleum and Mineral Resources for Petroleum Affairs, dismissed arguments that lower oil prices will cause the collapse of GCC economies.


Qatari capital Doha bid for the 2016 and 2020 Olympics but never made the shortlist, while Dubai was reportedly on the verge of a bid for 2016,
02:10 GMT

While major events were once the domain of Europe and North America, Asia is now viewed as a 'safe pair of hands' when it comes to hosting the world's biggest sporting competitions.

September 18, 2014

HealthKit gathers data such as blood pressure and weight from various health apps on Apple devices, and can be viewed by doctors at one place.
14:04 GMT

Meanwhile, the California tech giant said a bug in its HealthKit health and fitness application platform prevented its release along with the launch of its iOS 8 operating system for iPhones and iPads.

Middle East investors bought 87 per cent of the Goldman sukuk, while 11 per cent went to Europe and two per cent to Asian investors, a document from lead arrangers showed.
13:57 GMT

It was only the second sukuk issue from a conventional bank outside a predominantly Muslim country; HSBC issued $500 million of sukuk in 2011.

Qatar has issued a new law to regulate charities in the Gulf state amid growing concern in the West over funding received by Islamic State militants.
04:55 GMT

Qatar has faced growing criticism, as the tiny Gulf state has used its hydrocarbon wealth to back a wide range of Islamists across the region.

Etihad has forged 47 codeshare partnerships with different airlines globally, 21 in Europe alone.
04:55 GMT

European airlines have finally opened up to Gulf carriers, forging partnerships and selling stakes, after decades of distrust and allegations of unfair competition.

But Egypt wants long-term investments to improve the country's economy, which has been suffering ever since an uprising toppled President Hosni Mubarak in 2011.
01:23 GMT

Egypt's finance minister is predicting growth rates of up to 6 percent within three years, which would mark a major turnaround following three years of political turmoil that has crippled the economy.

September 17, 2014


The Middle East experienced a decline in its billionaire population over the past year.
17:14 GMT

The Middle East experienced a decline in its billionaire population over the past year.

Meanwhile Qatar’s emir also asserted that his country does not finance any terrorist organisations in Syria or Iraq and has never done so
17:02 GMT

German Chancellor Angela Merkel said she expected cooperation with Qatar in the energy sector to grow in the years ahead, saying progress was already being made in the area of liquefied natural gas (LNG)

The foundation work for the state-of-the-art school has begun at a cost of BD4.6 million ($12.2 million), it added.
16:22 GMT

The foundation work for the state-of-the-art school has begun at a cost of BD4.6 million ($12.2 million), it added.

Growth, spurred largely by international donor funds, has been decelerating since 2012 and slowed to less than 2 percent in 2013.
16:11 GMT

Its report, issued three weeks after a truce, said a strong world response to rebuilding needs could ultimately spur economic growth.

Although housing prices have continued to surge throughout the year, prices have also soared, particularly in İstanbul and other major urban centers.
14:49 GMT

İstanbul housing prices shot up 21.65 percent in August year-on-year, according to figures from real estate market analyst Reidin.

Helped by a firmer US economy, China’s exports have picked up recently to be a rare source of cheer in an otherwise gloomy data landscape.
05:55 GMT

China’s foreign direct investment in August fell to a low not seen in at least two and a half years, underscoring the challenges to growth facing the world’s second-biggest economy.