Business

Banque Saudi Fransi plans $533m sukuk by end-June 19 May 2014 - 07:26 am

DUBAI: Banque Saudi Fransi (BSF) plans to sell a capital-boosting Islamic bond worth around SR2bn ($533m), two banking sources aware of the matter...

Pioneers Holding to acquire Rooya stake 19 May 2014 - 07:26 am

CAIRO: Egypt’s Pioneers Holding expects to finalise its acquisition of a 60-percent stake in real estate group Rooya within three months at a...

Platinum price volatility ahead as South Africa strike drags on 19 May 2014 - 07:25 am

JOHANNESBURG: Stockpiling, recycling and long production times have prevented a prolonged South African platinum strike from causing a spike in global prices, but...

Weekly Money Market Review with IBQ: Positive US data pushes dollar index higher 19 May 2014 - 07:24 am

The dollar traded in a mixed manner against its major counterparts throughout the previous week. News from Europe was mostly disappointing, reminding investors...

Weekly Commodity Update: Agriculture sees most action in quiet week for commodities 19 May 2014 - 07:23 am

By Ole S. Hansen (Head of Commodity Strategy, Saxo Bank) Commodities were mixed over the past week and this resulted in an almost...

Swiss reject world’s highest minimum wage 19 May 2014 - 06:16 am

Swiss Economy Minister Johann Schneider-Ammann (left) with Justice Minister Simonetta Sommaruga in Bern yesterday. ZURICH: Swiss voters yesterday rejected proposals to introduce the...

Contract for final phase of Lusail City inked 18 May 2014 - 10:17 am

The officials at the ceremony to award contract. DOHA: The Lusail Real Estate Development Company (LREDC), which is responsible for execution of the...

QAFAC gold sponsor of IIA Qatar meet 18 May 2014 - 10:16 am

QAFAC and IIA team after handing over the gold sponsor cheque. Doha: Qatar Fuel Additives Company Ltd (QAFAC) is taking part as a...

Sunil John gets SABRE award 18 May 2014 - 10:05 am

Doha: Sunil John (pictured), founder and CEO of ASDA’A Burson-Marsteller, the region’s leading public relations consultancy, has been awarded the “SABRE Award for...

Portugal follows Ireland 18 May 2014 - 10:04 am

Portugal’s Secretary of State to the Prime Minister Carlos Moedas (right) with Minister of the Presidency and of Parliamentary Affairs Luis Marques Guedes...

Yusuff Ali tops Forbes ‘100 top Indian leaders in Arab World’ 18 May 2014 - 10:03 am

Dubai: Lulu Group boss Yusuff Ali MA (pictured) has topped the Forbes “100 top Indian leaders in the Arab World 2014”. Forbes, world’s...

Bernanke talks of low interest rates 18 May 2014 - 10:02 am

Former US Federal Reserve Chairman Ben Bernanke. NEW YORK/BOSTON: In a series of quarter-million-dollar dinners with wealthy private investors, Ben Bernanke has been...

Hedge fund industry meet 18 May 2014 - 10:01 am

Paul Ryan, US Congressman, speaks at the SALT conference in Las Vegas. SALT is the $2.7 trillion hedge fund industry’s biggest annual event...

Boeing vows to fight unfair US labour practices ruling 18 May 2014 - 10:00 am

Henry Noble, a retired Boeing machinist, hands out fliers during a rally organised by the Washington State Labour Council to show support for...

Fight against takeover plans 18 May 2014 - 09:59 am

FROM LEFT: Sweden’s Education Minister Jan Bjorklund, Enterprise Minister Annie Loof and Finance Minister Anders Borg at the government headquarters Rosenbad in Stockholm....

Qatar main engine of growth in Mena: QNB 18 May 2014 - 09:58 am

Doha: GCC countries continue to be the main engine of economic growth in the Middle East and North Africa (Mena), with Qatar leading...

Apple, Google call truce in smartphone patent war 18 May 2014 - 09:57 am

SAN FRANCISCO: Google and Apple, the two technology titans behind the world’s top smartphone platforms, called a truce in a long-running patent war....

Morocco’s royal investment vehicle to sell stake in Lesieur 18 May 2014 - 09:56 am

RABAT: The Societe Nationale d’Investissement (SNI), the investment vehicle of Morocco’s royal family, will sell its remaining 23.6 percent stake in cooking oil...