Business

UAE eases sukuk rules 28 Apr 2014 - 12:23 am

DUBAI: The United Arab Emirates’ financial market regulator has set new rules for Islamic and corporate bonds to encourage trading in them, and...

High-flying stocks pull QE Index lower 28 Apr 2014 - 12:23 am

DOHA: Qatar stocks dropped, pulled lower by a sell-off in the high-flying banking and industries stocks yesterday. The bourse’s main index dropped 0.7...

QDB identifies areas to boost indirect lending for SMEs 28 Apr 2014 - 12:23 am

Doha: Qatar Development Bank (QDB) yesterday held its ninth Al Dhameen dialogue session with partner banks, to identify ways to enhance the indirect...

QFC Regulatory Authority to censure IFSQ 28 Apr 2014 - 12:22 am

DOHA: The QFC Regulatory Authority has announced to censure International Financial Services (Qatar) LLC (IFSQ) after reaching a settlement agreement that addresses the...

SBI recovers $66m from KFA 27 Apr 2014 - 11:53 pm

Bangalore: India’s largest nationalised lender, the State Bank of India (SBI), has recovered around $66m (Rs4bn) of its overall $247,385,955.07 (Rs15bn) loan to...

US, Japan unlikely to wrap up trade deal by May 27 Apr 2014 - 11:48 pm

TOKYO: Japan and the United States have found “common ground” to forge a two-way trade deal, but may not be able to resolve...

Citadel Capital sells stake in Sudanese Egyptian Bank 27 Apr 2014 - 11:47 pm

CAIRO: Egypt’s Citadel Capital said yesterday it was selling its majority stake in the Sudanese Egyptian Bank to the Islamic Solidarity bank of...

Premier Oil rejects Ophir bid for merger 27 Apr 2014 - 11:47 pm

LONDON: Premier Oil has rejected two secret bid approaches from Ophir Energy, which wants to forge a £3bn ($5bn) combined oil exploration group,...

Abu Dhabi govt fund for Etisalat’s Maroc Tel buy 27 Apr 2014 - 11:46 pm

DUBAI: An Abu Dhabi state-owned fund is financing a quarter of Etisalat’s €4.2bn purchase of Vivendi’s stake in Maroc Telecom, said three bank...

Etisalat profit up 11pc in Q1 27 Apr 2014 - 11:46 pm

DUBAI: Etisalat, the Gulf’s No. 2 telecom operator by market value, reported an 11 percent rise in first-quarter profit yesterday as its revenue...

EU exit could wreck UK financial capital 27 Apr 2014 - 11:45 pm

LONDON: A British exit from the European Union could wreck London’s position as the only financial centre to rival New York and isolate...

Slovakia, Ukraine reach reverse gas flow deal 27 Apr 2014 - 11:45 pm

BRATISLAVA: Slovakia and Ukraine have reached a deal to give Kiev access to European gas supplies and reduce its dependence on Russia, the...

Essar investors fight against buyout move 27 Apr 2014 - 11:44 pm

LONDON: Minority investors in Essar Energy have appealed to the Indian and British governments to intervene to head off a forced takeover by...

Kuwait issues rules for hiking company stakes 27 Apr 2014 - 11:44 pm

KUWAIT: Kuwait’s financial regulator issued new rules yesterday which will allow major shareholders to increase their ownership in listed companies without having to...

Ezdan Holding profit up 82.3pc 27 Apr 2014 - 12:59 am

Sheikh Dr Khalid (left) and Al Obaidli. DOHA: Ezdan Holding Group yesterday announced its financials for the first quarter of 2014, reporting an...

QE hosts experts to mark bourse’s performance 27 Apr 2014 - 12:58 am

Rashid bin Ali Al Mansoori, CEO, QE (fourth from right) addressing the guests. DOHA: Qatar Exchange (QE) hosted a working dinner for top...

GE, Alstom $13bn deal talk progresses on fast track 27 Apr 2014 - 12:57 am

A tramway made by French train maker Alstom drives past the Alstom production site in Villeurbanne yesterday. PARIS: General Electric boss Jeff Immelt...

Tech firms to pay $324m to settle case 27 Apr 2014 - 12:54 am

Demonstrators protest against the use of hazardous chemicals in the production of iPhones outside an Apple Store in New York. According to the...