Business

Dubai to offer platform for murabaha trading 03 Apr 2014 - 08:25 am

DUBAI: Dubai will compete with London for a share of Islamic banks’ liquidity management business by offering a new platform for murabaha trading....

Turkey president, officials urge more Gulf investments 03 Apr 2014 - 08:25 am

KUWAIT CITY: Turkish President Abdullah Gul yesterday called on Gulf states to boost investments and cooperation with Ankara, assuring them of political stability...

Damac launches sukuk at tight end of guidance 03 Apr 2014 - 08:24 am

DUBAI: Dubai’s Damac Real Estate launched its five-year, $650m sukuk issue yesterday at midswaps plus 310 basis points, at the tight end of...

Global energy use to surge 50pc: Al Sada 03 Apr 2014 - 04:51 am

The Minister of Energy and Industry H E Dr Mohamed bin Saleh Al Sada delivering the keynote address at Brookings Doha Energy Forum...

QR5.5bn Laffan Refinery 2 launched 02 Apr 2014 - 01:32 am

H E Dr Mohamed bin Saleh Al Sada, the Minister of Energy and Industry, at the foundation-laying ceremony yesterday. DOHA: The Emir H...

Ezdan Holding plans big investments 02 Apr 2014 - 01:28 am

Ezdan Holding Chairman Sheikh Dr Khalid bin Thani bin Abdullah Al Thani (centre), Vice-Chairman Sheikh Abdullah bin Thani Al Thani (left) and Group...

Greece baulks at third bailout 02 Apr 2014 - 01:26 am

Spain’s FM Luis de Guindos (left) with his Portuguese counterpart Maria Albuquerque during an EU Finance Ministers meeting in Athens yesterday. Athens: Greece,...

OCBC offers $4.95bn for Wing Hang Bank 02 Apr 2014 - 01:25 am

People seen outside the headquarters of Overseas-Chinese Banking Corp Ltd in Singapore. SINGAPORE: Singapore’s Oversea-Chinese Banking Corp. (OCBC) said yesterday it has offered...

Japan sees sales tax rise after 17 years 02 Apr 2014 - 01:24 am

Japan’s Minister for Consumer Affairs Masako Mori at a shopping centre after the sales tax hike in Tokyo yesterday. TOKYO: Prices rose across...

RBI holds key rates unchanged 02 Apr 2014 - 01:23 am

Office goers walk past the bronze bull outside the Bombay Stock Exchange (BSE) during intra-day trade in Mumbai yesterday. Reserve Bank of India...

Protest against job cuts 02 Apr 2014 - 01:22 am

Employees of the French-US telecommunications equipment manufacturer Alcatel-Lucent protest against the company’s restructuring plans involving 900 job cuts in front of the plant...

Budget projections push QE index up 02 Apr 2014 - 01:14 am

By Satish Kanady DOHA: Qatar stocks put up a good show yesterday after the strong annual budget projections. The benchmark index jumped 2.29...

Barwa Bank lead arranger for Ezdan syndication 02 Apr 2014 - 01:13 am

DOHA: Barwa Bank, Qatar’s fastest growing Shari’ah compliant banking service provider, is the initial mandated lead arranger for Ezdan Holding Group’s first tranche...

UAE extends gains; Egypt rebounds 02 Apr 2014 - 01:13 am

DUBAI: Financial and property stocks lifted bourse in the United Arab Emirates yesterday, while Egypt rebounded after three days of heavy profit-taking. Dubai’s...

Opec output falls on Iraq setback, African outages 02 Apr 2014 - 01:11 am

LONDON: Opec’s oil output fell in March to its lowest since December, a survey found yesterday, as Iraq’s oil revival suffered a setback...

Major economies end first quarter on weaker note 02 Apr 2014 - 01:10 am

LONDON/BEIJING: Major economies in Asia and Europe finished the first quarter on a weaker note, with key manufacturing surveys fuelling expectations policymakers may...

UAE Exchange remits $1.7bn in 2013 02 Apr 2014 - 01:10 am

Doha: UAE Exchange, yesterday said it remitted $1.7bn from Qatar in 2013, largely to South Asia, taking a share of over 12 percent...

Marks & Spencer ramps up overseas expansion 02 Apr 2014 - 01:10 am

PARIS: Britain’s Marks & Spencer plans to grow its international profits by 40 percent over the next three years by expanding its number...