Business

Bahrain’s Al Baraka Q1 net profit up 15pc 13 May 2013 - 01:08 am

DUBAI: Bahrain-based Islamic lender Al Baraka Banking Group posted a 15 percent increase in first-quarter net income, the bank said yesterday. Al Baraka,...

Barwa Bank equity fund assets reach QR100m 13 May 2013 - 01:07 am

CEO of The First Investor, Khalid Al Subeai and CEO of Barwa Bank Group, Steve Troop. DOHA: Barwa Bank’s recently launched first equity...

Banks lift Abu Dhabi to 54-month high 13 May 2013 - 01:06 am

An investor monitors stock information on an electronic board at the Stock Exchange in Tunis. DUBAI: Abu Dhabi’s bourse rose to a fresh...

IILM treads fine line in designing first sukuk 13 May 2013 - 01:05 am

SYDNEY: The International Islamic Liquidity Management Corp (IILM) faces a delicate task as it designs its maiden sukuk: It must make the issue...

QR1.14bn real estate deals last week 13 May 2013 - 01:05 am

DOHA: The combined value of transactions in Qatar’s real estate sector last week (April 28 to May 2) stood at QR1.14bn, up 41.7...

Scottish leader says economy strong enough to leave UK 13 May 2013 - 01:05 am

LONDON: Scotland’s First Minister Alex Salmond has told that the economy can prosper outside the United Kingdom, despite dire warnings from London about...

Weekly Money Market Review with IBQ: Will the Fed taper their assets purchase programme? 13 May 2013 - 12:55 am

The major action for the week happened on Thursday night as Dollar finally broke against the Yen through the psychological 100 level and...

Gas liquid separation plant in Bolivia 12 May 2013 - 02:40 am

Oil workers attend the inauguration of Bolivia’s natural gas liquid separation plant in Rio Grande, some 70km from Santa Cruz. The government and...

Egypt confident on IMF deal, timing of next visit unsure: Minister 12 May 2013 - 02:39 am

ISTANBUL: Egypt’s new planning minister said yesterday he was confident the country would reach a deal with the International Monetary Fund (IMF) on...

Lebanon has 30trn cubic feet of gas 12 May 2013 - 02:39 am

BEIRUT: Preliminary surveys of Lebanese offshore fields show reserves of 30 trillion cubic feet of natural gas and 660 million barrels of oil,...

UAE bank says clients did not lose money in cyber fraud 12 May 2013 - 02:39 am

DUBAI: A Middle Eastern bank that fell victim to a major cyber fraud said that none of its customers had lost any money...

Asia LNG prices steady, Latin America pays more 12 May 2013 - 02:38 am

LONDON/PERTH: Asian prices of liquefied natural gas (LNG) steadied at low levels this week due to feeble demand, while Latin American importers continued...

Saudi Arabia’s Yanbu refinery back online 12 May 2013 - 02:37 am

KHOBAR, Saudi Arabia: Saudi Aramco’s 400,000 barrels per day (bpd) Yanbu refinery has come back online after nearly two-month long maintenance, trading sources...

China’s lithium battery plant draws ire 12 May 2013 - 02:37 am

People participate in a protest against a battery factory on a street of Songjiang district, on the outskirts of Shanghai, yesterday. SHANGHAI: Hundreds...

Parkson store in Yangon 12 May 2013 - 02:36 am

Tham Tuck Choy, Managing Director of Myanmar Parkson Co Ltd, during the opening ceremony of a Parkson Department Store in Yangon yesterday.

Report: Kuwait exported $111.39bn oil last year 12 May 2013 - 02:35 am

Kuwait: An economic report has revealed that the value of Kuwait oil exports hit a new record in 2012 driven by a remarkable...

Shale gas could curb Gazprom prices, says EU commissioner 12 May 2013 - 02:35 am

VILNIUS: The development of shale gas in Europe could help the continent obtain better deals from its current key supplier, the Russian giant...

Oman to host Gulf Industries Fair 12 May 2013 - 02:34 am

Muscat: The Sultanate of Oman will host the Gulf Industries Fair on June 16th. The three-day event aims at promoting Gulf industrial products...