News

  Reuters Qatar will reduce its condensate exports by a third in January 2017 when a new splitter at its Ras Laffan refinery starts operating, a Qatar Gas official said. “Qatar is exporting around 30 cargoes (of condensate) a month. This will be reduced by 10 cargoes a month starting January,” said the official, who declined to be named saying ...

  Tribune news service A 35 percent increase in customer complaints against banks has been witnessed in Bahrain over the past three years, it has emerged. The Central Bank of Bahrain has received an average of 31 such complaints every month this year, compared with 28 last year, 26 in 2014 and 23 in 2013. Four complaints last month were ...

  Tribune news service Bahrain’s decade-long national award for women empowerment has received global recognition. The new award is named after Her Royal Highness Princess Sabeeka bint Ibrahim Al Khalifa, wife of His Majesty King Hamad and Supreme Council for Women (SCW) president, and will now come under UN Women. The council has been tasked by UN Women to come ...

  Emirates Business CFA Society Emirates, the association for financial and investment professionals in the UAE, has unveiled the results of a survey which assessed the impact of introducing Value Added Tax (VAT) across the GCC. The survey provided market insights from CFA members and charterholders in the United Arab Emirates. With the UAE set to become the first country ...

  Shanghai / Bloomberg China’s near-term economic outlook is being buoyed by policy support even as its medium-term prospects become more uncertain because of rapidly rising credit, excess industrial capacity and financial sector risks, the International Monetary Fund said. Overall reforms have advanced impressively in areas from shifting to services as a greater driver of growth to liberalization of financial ...

  New Delhi / AFP India’s consumer prices rose faster than expected in May due to higher food costs, official figures showed, which will likely lead the central bank to hold off lowering interest rates. The inflation rate increased to 5.76 percent from a year earlier, substantially higher than the 4.8 percent recorded in March and 5.4 percent in April, ...

  BEIJING / AP Chinese and American officials said on Tuesday they’re committed to bridging their differences on cybersecurity and moving to implement recent agreements, as they held talks amid complaints over China-based hacking operations that the US says may have already cost US companies tens of billions of dollars. Repeated meetings between the sides on cybersecurity indicate the seriousness ...

  Tokyo / Bloomberg Coal is set to overtake gas within the next three years as the largest generator of power in Japan as power utilities replace aging nuclear capacity with the fossil fuel, Bloomberg New Energy Finance said. Nuclear power, which accounted for about 29 percent of Japan’s total power output before the 2011 Fukushima disaster, will peak at ...

  New Delhi / AFP Scientists from Britain and India will release underwater robots into the Bay of Bengal in a bid to more accurately predict the Indian monsoon critical to millions of farmers, they said on Tuesday. Researchers will also fly a plane packed with scientific equipment over the bay to measure the atmosphere as part of the multi-million ...

  Tokyo / Bloomberg Mitsubishi Heavy Industries Ltd., the biggest shareholder in Mitsubishi Motors Corp., will hold onto its stake in the automaker that Carlos Ghosn is seeking to turn around following a fuel-economy test scandal. The maker of power plant equipment, aircraft and ships will refrain from selling its holdings in Mitsubishi Motors even as it plans to raise ...