Business

Qatar Exchange index drops 1.15pc; Dubai plunges 2pc 10 Sep 2013 - 04:22 am

Doha: Qatar Exchange index slipped by 106.53 points, or 1.15 percent, to 9,151.28 points from the previous closing of 9,257.81 points. The volume...

Bahrain’s Al Salam Bank to buy BMI Bank 10 Sep 2013 - 04:22 am

DUBAI: Bahrain’s Al Salam Bank has agreed to acquire fellow Bahraini lender BMI Bank, an affiliate of Oman’s Bank Muscat, through a share-swap...

TSB may still attract a buyer 10 Sep 2013 - 04:22 am

LONDON: More than 600 bank branches being rebranded as TSB by Britain’s Lloyds Banking Group could be bought by a trade or financial...

China to help South Sudan develop mining 10 Sep 2013 - 04:21 am

JUBA: China will help South Sudan develop a mining sector and is in talks to lend it between $1 and 2bn for road,...

WTO chief calls for breaking Doha deadlock 10 Sep 2013 - 04:20 am

The new Director-General of the World Trade Organization, Roberto Azevedo (left) of Brazil, arrives with Brazilian Foreign Minister Luiz Alberto at WTO headquarters...

Economy powerhouse Germany grapples with global role 10 Sep 2013 - 04:20 am

BERLIN: Chancellor Angela Merkel has been thrust into leading Europe back from the financial brink, but Germany remains reluctant to take on global...

AB Foods earnings growth driven by Primark 10 Sep 2013 - 04:20 am

LONDON: Associated British Foods forecast “good progress” in full year earnings per share after a strong finish to the year from its Primark...

Gold eases as Fed tapering speculation resumes 10 Sep 2013 - 04:19 am

LONDON: Gold prices eased yesterday, surrendering some of the gains made in the previous session after disappointing US jobs data, on expectations the...

Portugal’s Martins to invest €1.4bn in Poland 10 Sep 2013 - 04:18 am

WARSAW: Portuguese food distributor Jeronimo Martins will pump ¤1.4bn over three years into its supermarket chain in Poland, its largest market, the CEO...

BMW eclipses rivals with indoor test track 10 Sep 2013 - 04:17 am

A man works at the booth of BMW Alpina as preparations are under way for the IAA (Internationale Automobil Ausstellung) international motor show...

UK businesses in Gulf may be vulnerable 10 Sep 2013 - 04:17 am

DUBAI/LONDON: Britain’s decision not to join a military strike on Syria may have more than a purely political impact: it could over time...

Al Futtaim offers $86m for Kenya retailer 10 Sep 2013 - 04:16 am

DUBAI: Dubai-based conglomerate Al Futtaim Group is eyeing its first investment in sub-Saharan Africa with an offer worth $86m to take full control...

Zain Iraq’s local holding firm appoints board ahead of IPO 10 Sep 2013 - 04:16 am

DUBAI: The local holding company of Zain Iraq, the country’s No.1 telecommunications operator by subscribers, appointed seven board members and a managing director...

Qatar exported 2,000 LNG shipments to Japan 10 Sep 2013 - 03:12 am

Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada during the reception in Tokyo. DOHA: Qatar has delivered nearly...

China trade surplus widens to $28.6bn 09 Sep 2013 - 03:56 am

A ship loaded with containers at a port in Lianyungang, Jiangsu province of China, yesterday. BEIJING: China’s trade performance was better than expected...

Gulf regains confidence in mature markets 09 Sep 2013 - 03:55 am

DOHA: Gulf investors are cautiously investing overseas again. Over the last five years, there has been more deal value flow from this largest...

Experts warn firms on cyber security threat 09 Sep 2013 - 03:55 am

DOHA: In the face of the reports of an increasing number of cyber crimes in the region, Qatari companies and enterprises need to...

Abul Aziz bin Nasser named QDB CEO 09 Sep 2013 - 03:53 am

DOHA: The Board of Directors of Qatar Development Bank (QDB) yesterday announced the appointment of Abdul Aziz bin Nasser Al Khalifa as Chief...