Business

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...

Attiyah to receive top MEED Award 22 Jan 2013 - 04:10 am

Doha: The Chairman of the Administrative Control and Transparency Authority H E Abdullah bin Hamad Al Attiyah will be presented with the MEED...

Pvt sector to get major slice of projects 22 Jan 2013 - 04:09 am

The Minister of Economy and Finance H E Yousuf Hussein Kamal and Abdulrahman Ahmad Al Shaibi, Director of Finance, Qatar Petroleum Group, at...

QE declines; most GCC bourses slip 22 Jan 2013 - 04:08 am

Dubai: Qatar Exchange (QE) slipped yesterday 17.28 points or 0.20 percent to 8,608.05 points from the previous closing while Abu Dhabi’s Sorouh Real...

UDC cuts service charges at The Pearl-Qatar 22 Jan 2013 - 04:08 am

DOHA: The United Development Company (UDC) has announced another 12.5 percent cut on all charges applicable to common use facilities at The Pearl-Qatar,...

QNB launches salary acquisition campaign 22 Jan 2013 - 04:08 am

Doha: Qatar National Bank (QNB), the largest financial institution in Qatar and the Mena region, has launched a salary acquisition campaign. Through this...

NBK upbeat after turbulent year for Kuwaiti banks 22 Jan 2013 - 04:07 am

KUWAIT: The outlook for Kuwait’s banks has improved after a turbulent year thanks to an expected increase in state infrastructure spending, the head...

Leaders meet in Davos in bid to beat the odds 22 Jan 2013 - 04:07 am

ZURICH: Italian Premier Mario Monti will set the tone for beleaguered business and political leaders gathering in Davos this week for the annual...

AirAsia drops plan for new Singapore unit 22 Jan 2013 - 04:06 am

KUALA LUMPUR: AirAsia, Asia’s largest low-cost carrier, has scrapped plans for a Singapore joint venture due to high operating costs and lack of...