Business

Kuwait Airways Corp to be shareholding company 24 Jan 2013 - 03:29 am

KUWAIT CITY: Kuwait’s national carrier plans to buy up to 21 new aircraft over the next two years after parliament yesterday passed a...

QIIB nets QR679m profit in 2012 23 Jan 2013 - 07:19 am

Sheikh Dr Khalid bin Thani Al Thani & Abdulbasit Al Shaibei DOHA: International Islamic (Qatar International Islamic Bank) recorded a strong growth across...

Qtel close to clinching $1bn loan facility 23 Jan 2013 - 07:19 am

DUBAI: Qatar Telecom (Qtel) is close to clinching a $1bn loan facility that will help to finance its general business operations, banking sources...

Egypt pound drops further 23 Jan 2013 - 07:19 am

CAIRO: Egypt’s pound extended losses yesterday at a central bank forex auction, leaving it 6.8 percent weaker than when the sales were launched...

UAE central bank not to impose mortgage caps 23 Jan 2013 - 07:18 am

DUBAI: The United Arab Emirates central bank has confirmed that it will not impose limits on mortgage loans without consulting commercial banks, after...

Qatar Insurance Company to float rights issue 23 Jan 2013 - 07:18 am

DOHA: The country’s premier risk underwriter, Qatar Insurance Company (QIC), says it hopes to give away both cash and stock dividends for 2012,...

Contractors want price of steel rods reduced further 23 Jan 2013 - 07:18 am

DOHA: While some Qatari contractors see the recent decrease in the price of steel rods in the local market encouraging, others were not...

Energy demand in developing nations to rise by 65pc: Cahir 23 Jan 2013 - 07:17 am

Bart Cahir, President and General Manager of ExxonMobil Qatar Inc. speaking at the Offshore Middle East Conference and Exhibition at QNCC. DOHA: Energy...

Iran rial slips amid row over central bank chief 23 Jan 2013 - 07:16 am

DUBAI: The Iranian rial has dropped sharply on the open market since Sunday, following speculation the central bank chief could be sacked in...

Qatari bourse index up 0.18pc 23 Jan 2013 - 07:16 am

Doha: Qatar Exchange ended in in green yesterday adding 15.10 points (or 0.18 percent) to advance to 8,623.15 points from 8,608.05 on Monday....

European stocks sag 23 Jan 2013 - 07:16 am

LONDON: European share prices slid for the most part yesterday, despite soaring investor confidence in eurozone powerhouse Germany, with Frankfurt stocks wobbling on...

EU states get nod for financial trading tax 23 Jan 2013 - 07:15 am

BRUSSELS: Eleven eurozone countries won approval yesterday for a tax on financial transactions aimed at shifting more responsibility for the region’s crisis onto...

World Economic Forum 23 Jan 2013 - 07:14 am

The congress centre at the Swiss resort of Davos, yesterday. The World Economic Forum starts today and ends on January 27.

Dubai returns to debt market with $1.25bn sale 23 Jan 2013 - 07:13 am

DUBAI: Dubai used its first big debt sale of 2013 yesterday to show the world that state had well recovered from its credit...

Gold’s bull run seen topping out in 2013/14 23 Jan 2013 - 07:11 am

LONDON: Gold could see record average highs this year and next, but its 12-year long bull run may be reaching a plateau as...

Saudi Aramco plans record rig count for gas 23 Jan 2013 - 07:10 am

KHOBAR: Saudi Aramco plans use a record number of rigs this year, more than 170, to search for unconventional gas while drilling for...

Batelco profit slumps 23 Jan 2013 - 07:10 am

DUBAI: Bahrain Telecomm-unications Co reported a 10th profit drop in 11 quarters yesterday as domestic competition and one-off charges from a cost-cutting programme...

Barzan project to go on stream next year 22 Jan 2013 - 04:10 am

The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada visiting an exhibition stall at the Offshore Middle East...