Business

Spanish bank to cut over 2,000 jobs 10 Oct 2013 - 01:13 am

MADRID: Spain’s nationalised lender CatalunyaCaixa said yetserday it had reached an agreement with unions to cut nearly a third of its workforce under...

OMV to stay in Libya despite production loss 10 Oct 2013 - 01:12 am

VIENNA: Austrian oil and gas group OMV is committed to Libya despite conflict that has disrupted production and caused some oil majors to...

Mazda unveils Axela 10 Oct 2013 - 01:10 am

Mazda President Masamichi Kogai introduces the new compact vehicle “Axela”, known overseas as “Mazda 3”, in Tokyo yesterday. The new Axela is equipped...

QInvest unveils new growth strategy 10 Oct 2013 - 01:08 am

DOHA: QInvest, Qatar’s leading investment bank and prominent Islamic financial institution, yesterday unveiled its new strategy to deliver long term sustainable growth. Streamlining...

War risks hit Syria shipping trade 10 Oct 2013 - 01:07 am

LONDON: War and sanctions are taking an increasing toll on Syria’s vital sea-borne trade, with fewer vessels calling at its cargo ports as...

Woqod records QR923m third quarter net profit 10 Oct 2013 - 01:04 am

DOHA: Qatar Fuel (Woqod) recorded a net profit of QR923m for the third quarter of 2013 (Q3, 13). The figure reflects an increase...

Aldar seeks $1.5bn before bond maturity 10 Oct 2013 - 01:03 am

DUBAI: Abu Dhabi’s Aldar Properties is talking to banks about raising a bridge loan of up to $1.5bn with an option to convert...

GCC Islamic investment banks eye slimmed-down future 10 Oct 2013 - 01:03 am

Dubai: Management changes at some of the Gulf’s best-known Islamic investment banks point to a fresh start for a sector which is emerging...

Qatar Exchange index loses 14.15 points 10 Oct 2013 - 01:02 am

Doha: Qatar Exchange index lost 14.15 points, or 0.15 percent, to 9,743.68 points from the previous closing of 9,757.83 points. The volume of...

Obama picks Yellen for top Fed job 10 Oct 2013 - 01:02 am

WASHINGTON: US President Barack Obama nominated Federal Reserve Vice-Chair Janet Yellen yesterday to run the world’s most influential central bank, providing some relief...

Walmart, Bharti end venture 10 Oct 2013 - 01:02 am

MUMBAI: Walmart and Indian firm Bharti announced yesterday they were ending their partnership, with the US giant partly blaming India’s new rules on...

International bank account number regime from 2014 09 Oct 2013 - 04:22 am

Doha: Qatar Central Bank (QCB) Governor H E Sheikh Abdullah bin Saoud Al Thani has said that the international bank account number (IBAN)...

Minister visits Mesaieed Industrial City 09 Oct 2013 - 03:58 am

The Minister of Economy and Trade H E Sheikh Ahmed bin Jassim bin Mohamed Al Thani visited Mesaieed Industrial City. The visit aims...

Nasser Marafih named Samena chairman 09 Oct 2013 - 03:46 am

DOHA: The South Asia, Middle East, North Africa region’s Samena Telecommun-ication Council has announced Dr Nasser Marafih (pictured) as its new chairman. Dr...

QNB Group’s net profit rises 14.1 percent 09 Oct 2013 - 03:46 am

DOHA: QNB Group posted a net profit of QR7.1bn, up by 14.1 percent for the first nine months of 2013 compared to the...

Weak dollar pushes oil prices up 09 Oct 2013 - 03:45 am

NEW YORK: Crude oil prices on both sides of the Atlantic rose yesterday as geopolitical risk crept back into the markets, even as...

Qatari firms to post lower profits in Q3: SICO report 09 Oct 2013 - 03:45 am

DOHA: Qatari companies are expected to report lower year-on-year profits for the third quarter of 2013. As the profits of GCC companies are...

Nakheel to restart work on scaled-back palm shaped island project 09 Oct 2013 - 03:45 am

DUBAI: Dubai developer Nakheel will restart work on part of one of the three palm-shaped islands that came to symbolise the excesses of...