World Business News

Dubai-based property investment firm SKAI Holdings has announced plans to build a $1bn hotel and furnished residences project on the Palm Jumeirah.

Qatar has awarded a contract to build the $1.5bn Laffan 2 refinery to a joint venture of Japan's Chiyoda Corporation and Taiwan's CTCI Corporation, state-run Qatargas said on Tuesday.

NEW DELHI: Cairn India plans to drill 48 wells at a cost of less than USD 100 million on the Mangalaoilfield in the prolific Rajasthan block to extend the current production plateau.

BRUSSELS: ArcelorMittal, the world's largest steelmaker, reported higher than expected core earnings on Friday and maintained its forecast that it would make a greater profit this year than last.