Markets BP and partners to invest $12bn in Egypt Gas deal LONDON: British oil major BP expects to invest around $12 billion with its partners as part of a finalised West Nile Del Published 06 Mar, 2015 02:05pm
Business & Finance Hungary aims to cut unemployment below 3pc by 2018 BUDAPEST: Hungary aims to cut its jobless rate below 3 percent by 2018 through public works schemes and other incentives Published 06 Mar, 2015 01:52pm
Markets Genting Plantations, Musim Mas to build 600,000 tonnes/year palm refinery KUALA LUMPUR: Malaysian oil palm planter Genting Plantations Bhd said it has entered into an agreement with Indonesia Published 06 Mar, 2015 01:22pm
Markets ADNOC offers record volume after Ruwais expansion SINGAPORE: Abu Dhabi National Oil Co (ADNOC) has offered 120,000 to 125,000 tonnes of low-sulphur naphtha for mid-April Published 06 Mar, 2015 01:16pm
World Indonesia's Pertamina plans $2bn annual investment for Mahakam block JAKARTA: Indonesia's Pertamina would invest around $2 billion annually into the Mahakam gas block if given control, Published 06 Mar, 2015 01:11pm
Business & Finance Sharp asks turnaround fund for help, on top of aid from banks TOKYO: Loss-making Sharp Corp has asked a domestic corporate turnaround fund to invest up to $250 million in capital - a Published 06 Mar, 2015 01:04pm
Markets Russian rouble hits 2015 highs on stable oil and ECB optimism MOSCOW: Russia's rouble moved sharply higher on Friday, hitting its strongest against the dollar and euro this year Published 06 Mar, 2015 12:56pm
Markets delays Castberg, Snorre projects to cut costs OSLO: Norwegian energy firm Statoil postponed two of its biggest offshore developments on Friday as low oil prices spur Published 06 Mar, 2015 12:52pm
Business & Finance China's Kaisa to unveil offshore debt restructuring plan HONG KONG: China property developer Kaisa Group Ltd will hold a conference call for its offshore bondholders next week t Published 06 Mar, 2015 12:46pm
World EU presidency puts forward 2019 date for carbon market reform BRUSSELS: Latvia, holder of the EU presidency, has put forward a compromise date of 2019 to launch a repository to hold Published 06 Mar, 2015 12:17pm
World Hungary PM urges banks to lend more to boost growth BUDAPEST: Hungarian Prime Minister Viktor Orban on Friday urged banks to lend more to the private sector to boost econom Published 06 Mar, 2015 12:09pm
Sports Wushu to bid again for Olympic spot JAKARTA: Wushu will bid again for inclusion in the Olympics and is banking on increased participation in Africa and the Published 06 Mar, 2015 12:03pm
Markets Palm notches first weekly fall in four, weighed down by weak soy KUALA LUMPUR: Malaysian palm oil futures fell on Friday to record their first weekly fall in four, weighed down weak soy Published 06 Mar, 2015 11:56am
Markets Premiums slip, Vietnam demand caps falls SINGAPORE: Asian gasoil premiums slipped on Friday, though falls were capped by spot demand from Vietnam, industry sourc Published 06 Mar, 2015 11:52am
Sports Blatter calls on Iran to allow women to into stadiums ZURICH: FIFA president Sepp Blatter has asked Iran to end its ban on women watching football matches, describing the sit Published 06 Mar, 2015 11:46am
World Mixed fortunes blur idea of Africa's collective 'rising' JOHANNESBURG: Falling commodity prices, political upheaval and simmering conflict are exposing the differing fortunes of Published 06 Mar, 2015 11:39am
Markets Local politics, dollar moves keep Turkish lira near record low LONDON: The Turkish lira hovered close to record lows on Friday, hurt by investors' fears of political interference Published 06 Mar, 2015 11:28am
World China considers taxing foreign investors for share gains SHANGHAI: China is considering taxing foreign investors for their share-trading profits going back to November when Beij Published 06 Mar, 2015 11:23am
Sports Lacazette will stay at Lyon next season, says club president PARIS: Ligue 1 top scorer and France international Alexandre Lacazette will not be sold at the end of the season, accord Published 06 Mar, 2015 11:18am
Markets North Sea BFOE oil loadings to rise in April LONDON: The supply of North Sea crude that underpins the Brent benchmark will average 960,000 barrels per day (bpd) in A Published 06 Mar, 2015 11:15am
KSE-100 closes above 97,000 for the first time as investors dismiss political noise, index gains 1,782 points