Business

Citigroup to pay $730m to settle suit 20 Mar 2013 - 03:45 am

NEW YORK: US banking giant Citigroup said it will pay $730m to settle a class-action suit by bondholders related to the 2008 financial...

Cyprus seeks Russia help 20 Mar 2013 - 03:44 am

NICOSIA: Cyprus turned to Russia yesterday as President Nicos Anastasiades battled to garner support from lawmakers for a controversial eurozone bailout deal that...

Boost for Boeing 20 Mar 2013 - 03:43 am

Five Ryanair 737-800 passenger jets at Boeing Field in Seattle, Washington, yesterday. Ryanair handed Boeing its largest European order yesterday with a deal...

Mobile roll-out cuts profits of Iliad 20 Mar 2013 - 03:42 am

PARIS: French media and telecommunications group Iliad, which shook up the mobile market with a cut-rate offer that attracted 5.2 million clients last...

UK to overhaul pensions 20 Mar 2013 - 03:42 am

LONDON: Up to 400,000 more Britons will qualify for a new higher flat-rate state pension, the government said yesterday after it announced it...

Moderate pay hikes for German CEOs last year 20 Mar 2013 - 03:42 am

BERLIN: The chief executives of Germany’s 30 biggest companies took home ¤5.3m ($6.9m) on average last year, a 3 percent rise from 2011,...

QFIB re-brands as Qatar First Bank 19 Mar 2013 - 12:59 am

The Chairman of Qatar First Bank Abdulla bin Fahad bin Ghorab Al Marri hands over a memento to Mohammed Alabbar, Chairman of Emaar...

Oil prices slip on Cyprus worries 19 Mar 2013 - 12:59 am

LONDON: Crude oil fell towards $109 a barrel yesterday as stock markets tumbled and the dollar strengthened after an unusual bank bailout proposal...

Turbomachinery symposium opens 19 Mar 2013 - 12:57 am

Qatar Petroleum Director of Operations Said Mubarak Al Mohannadi cutting a ribbon to mark the opening of an exhibition held as part of...

Mideast CFOs most optimistic globally: Survey 19 Mar 2013 - 12:57 am

DOHA: The optimism among Middle Eastern CFOs (Chief Financial Officers) improved in H2 2012 despite political uncertainty in the region, Audit and Financial...

Clifford Chance appointed adviser for 2022 projects 19 Mar 2013 - 12:57 am

Doha: International law firm Clifford Chance has been appointed by the Supreme Committee for Qatar 2022 to advise on its Technical Programme, which...

Qatar Exchange ends in green 19 Mar 2013 - 12:56 am

DUBAI: Downbeat global sentiment weighed on Middle East markets yesterday, with Egypt’s bourse further shaken by a court ruling freezing assets of 23...

‘Oil prices will not deter Asia growth’ 19 Mar 2013 - 12:56 am

HONG KONG: Current oil prices will have no impact on growth in Asia, the oil minister for top exporter Saudi Arabia said yesterday,...

Indonesia’s Lion Air makes historic deal with Airbus 19 Mar 2013 - 12:55 am

PARIS: European planemaker Airbus yesterday announced a record order worth ¤18.4bn ($23.8bn) from the Indonesian company Lion Air for 234 medium-range A320 jets....

Qatalum and Hydro unveil aluminium research facility 19 Mar 2013 - 12:39 am

Senior officials of Qatalum and Hydro after the opening ceremony of the ‘Zero Energy and Emission Neutral Building’ lab at the Mesaieed Industrial...

GIS to get QNB’s expertise in dividend distribution 19 Mar 2013 - 12:39 am

Doha: For the second consecutive year, Qatar National Bank (QNB), the largest financial institution in the MENA region, was appointed the official Dividend...

ibq appoints retail banking head, deputy 19 Mar 2013 - 12:38 am

Doha: International Bank of Qatar (ibq) yesterday announced two key executive appointments within Retail Banking. Andrew Ball is appointed Head of Retail Banking...

Qatar denies plans to take over M&S 19 Mar 2013 - 12:37 am

Qatar denies plans to take over M&SDUBAI/LONDON: Marks & Spencer shares surged yesterday on speculation that a faltering turnaround effort and flagging profits...