Business

Al Meera rights issue from January 27 21 Jan 2013 - 06:15 am

Dr Mohammed Nasser Al Qahtani, Deputy CEO of Al Meera (right) and Adel Mustafawi, Masraf Al Rayan’s Group CEO, after signing the agreement...

QNB, Mannai join forces to offer cloud services to SMEs 21 Jan 2013 - 06:14 am

Top officials of QNB and Mannai during the press briefing, yesterday. DOHA: QNB, the largest financial institution in the Middle East and North...

QFBA and QFMA to hold CISI graduation ceremony 21 Jan 2013 - 06:13 am

FROM LEFT: Dr Abdulaziz Al Horr, CEO of QFBA, Nasser Al Sheeby, CEO of QFMA, and Simon Culhane, CEO of CISI, during the...

Dubai bourse hits 32-month closing high 21 Jan 2013 - 06:13 am

DUBAI: Dubai’s bourse rose to a 32-month closing high in heavy trade yesterday as it tested, but failed to break, long-term technical resistance....

Jazeera Airways raises capital by 74pc 21 Jan 2013 - 06:12 am

KUWAIT: Kuwait’s Jazeera Airways yesterday said it had raised its capital by 74 percent to KD42m ($149m) through a share issue which was...

Weekly Commodity Update: Dollar gains as economic data disappoints the markets 21 Jan 2013 - 06:11 am

The US dollar started the week on a soft tone against a basket of currencies as the risk rally sparked by the unanimity...

Weekly Commodity Update: Commodities rev up on promising data and hopes for stronger demand 21 Jan 2013 - 06:10 am

By Ole Hansen (Head of Commodity Strategy, Saxo Bank) Commodity markets moved up a gear during the past week as strong performances were...

US oil and gas reserves 20 Jan 2013 - 03:58 am

Workers change drilling pipes on the rotary table of a natural gas drilling rig near Towanda, Pennsylvania. Even though US natural gas prices...

Qatari bank asset quality set to improve 20 Jan 2013 - 03:58 am

By Satish Kanady DOHA: Balance-sheet constraints, intense competition and undiversified funding portfolios are posing challenges to the growth of Qatari banks. With government...

Qatar aid pushes Egypt’s foreign reserves to $15.5bn 20 Jan 2013 - 03:57 am

CAIRO: Egypt’s foreign reserves have risen to $15.5bn, helped by a deposit by Qatar to support the economy, its finance minister said, although...

Qatar to witness $27.5bn road upgrade 20 Jan 2013 - 03:57 am

Doha: Qatar’s road sector will witness a sharp increase in contract awards this year as the government initiates a major infrastructure upgrade of...

Business minister meets Moroccan economy minister 20 Jan 2013 - 03:57 am

Doha: Qatari and Moroccan ministers have discussed investment opportunities between the two countries in Riyadh yesterday. The Minister of Business and Trade H...

Kuwait’s 8-month budget surplus jumps to KD14.7bn 20 Jan 2013 - 03:56 am

Kuwait: Kuwait’s budget surplus for the first eight months (April 2012 to November 2012) of fiscal year 2012/2013 reached KD14.7bn ($52bn), exceeding the...

Chinese economy grows 20 Jan 2013 - 03:55 am

A labourer works at a residential construction site in Shanghai, yesterday. China’s economy regained speed in the final quarter of last year, pulling...

IMF to assess Iran economy in the next six months 20 Jan 2013 - 03:55 am

WASHINGTON: The International Monetary Fund will visit Iran in the first half of the year to assess the state of its economy and...

Yemen parliament okays $12.9bn spending plan 20 Jan 2013 - 03:55 am

SANA’A: Yemen’s parliament approved the transitional government’s YR2.77tn ($12.9bn) 2013 spending plan yesterday, four weeks after it was passed by the cabinet, after...

Tunisia in loan talks with IMF 20 Jan 2013 - 03:54 am

WASHINGTON: The International Monetary Fund has begun negotiations with Tunisia on a loan programme and hopes to return to Egypt for talks on...

Almarai Q4 net profit up 29pc 20 Jan 2013 - 03:54 am

JEDDAH: Saudi Arabian dairy and food producer Almarai Co posted a 29.2 percent rise in its fourth-quarter net profit, beating analyst forecasts, the...