Showing posts with the label billion

Bilateral trade between GCC and India up 9% to $158 billion in 2012-2013

Pivot To The Atlantic YES, the United States is pivoting to Asia, one of the reasons for the tete-a-tete last week between Barack Obama and Xi Jinping. But behind the scenes, President Obama has act…

Qatar to invest 30 billion on infrastructure in 5 to 7 years, says official Ashghal

Qatar to invest 30 billion on infrastructure in 5 to 7 years, says official Ashghal JAMES CAHILL The public works authority (Ashghal) DOHA will invest $ 30 billion in building and infrastructure pro…

Endowment fund touches QR5 billion, says minister

TRIBUNE NEWS NETWORK DOHA MINISTER of Awqaf (Religious Endowments) and Islamic Affairs HE Dr Ghaith bin Mubarak bin Imran al Kuwari has said that endowment amount in Qatar is currently estimated at …

QP list 4 subsidiaries worth $ 50 billion on QE: Abdullah

SATYENDRA PATH DOHA QATAR Petroleum is planning to list on Qatar Exchange four subsidiaries worth $ 50 billion in the next two years, Abdullah said, President Hussein Ali al Qatar Exchange in Doha, …

QFE buys 5% stake in India’s Bharti for $1.26 billion

Why Maliki Must Go NOBODY wants another civil war in Iraq, yet events are propelling it in that direction. War can be averted only by a new political understanding among three main groups – Sunni Ar…

Swiss central bank posts $11.95 billion Q1 profit

Italy's Political Class ON Sunday (April 28) a new government was formed in Italy. Led by Enrico Letta, a moderate member of the Partito Democratico (PD), it is the first ‘grand coalition' t…

Ooredoo signs $ 1 billion 4 years credit facility deal

TRIBUNE NEWS NETWORK DOHA the Cabinet on Wednesday ratified a draft law on health insurance, which aims to offer the best of services to both citizens and residents, and sent it to the Advisory Boar…

Sony closes $1.1 billion US headquarters sale deal

REUTERS NEW YORK JAPAN’S Sony Corp on Friday completed the sale of its US headquarters for $1.1 billion to a group led by real estate developer the Chetrit Group, three sources familiar with the dea…

HSBC to lift dividend after 2012 profit dips 6% to $20.6 billion

REUTERS LONDON HSBC IS to increase dividend payouts this year, a sign that Europe’s largest bank has regained its financial strength even though full-year profits fell more than expected. The London…

American leaders not preventing $ 85 billion cuts

REUTERS WASHINGTON-the US Government head over heels on Friday to broad cuts that threaten to hinder the economic recovery stumbled, after President Barack Obama and Congressional leaders not find a…

Sinopec to buy Chesapeake’s assets in US for $1.02 billion

REUTERS BEIJING CHINA Petroleum & Chemical Corp (Sinopec), Asia’s largest oil refiner, will buy half of Chesapeake Energy Corp’s Mississippi Lime oil and gas properties for $1.02 billion, becomi…

Qatar-India trade touches $ 14 billion

QATARI-Indian trade increased from $ 1.2 billion in 2005 to $ 14 billion in 2012. Although the Indian exports to Qatar posted an increase of very little during this period, there was a huge jump in …

Qatar to list $12 billion investment firm on QE

TRIBUNE NEWS NETWORK DOHA QATAR will create a new $12 billion investment firm, backed by blue-chip assets from its sovereign wealth fund, and list it on the local stock exchange, its main institutio…

Ally likely to sell auto financing arm for $4 billion

REUTERS NEW YORK ALLY Financial is nearing a deal to sell its auto financing operations in Europe and Latin America for around $4 billion, with General Motors emerging as the lead bidder if the comp…

Emir QR 2.2 billion LDPE plant of Qapco open

ASIF IQBAL His Highness the Emir DOHA Sheikh Hamad bin Khalifa al Thani Qatar petrochemical company (Qapco) QR will usher is 2.2 billion new low density polyethylene (LDPE) plant in Mesaieed industr…

Qtel completes $1.8 billion Wataniya deal

ZAWYA DOW JONES DOHA QATAR Telecom (Qtel) said on Tuesday it has completed its $1.8 billion stake hike from 52.5 percent to 92.1 percent in Kuwait’s National Mobile Telecommunications Company (Watan…

Rosneft snatches TNK-BP for $55 billion in two-step deal

REUTERS LONDON/MOSCOW STATE-CONTROLLED Russian oil company Rosneft has struck a twopart deal worth about $55 billion to buy privatelyowned TNK-BP and make British oil company BP a near-20 percent Ro…

BP, Rosneft set for $25 billion deal

REUTERS LONDON/MOSCOW ROSNEFT and BP are preparing to announce a deal worth over $25 billion that could give the British oil company a stake of between 16 and 20 percent in the statecontrolled Russi…
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