Business

Weekly Money Market Review with IBQ: Dollar tumbled as risk markets rebounded 26 Nov 2012 - 11:39 pm

The major highlights of last week revolved around the continuing worries of reaching a deal regarding the fiscal cliff in the US as...

Ferrari car 26 Nov 2012 - 12:23 am

A Ferrari car on display at the 10th China (Guangzhou) International Automobile Exhibition in Guangzhou, east China’s Guangdong province. Growth in China’s auto...

Cairo bourse index plunges by 9.6pc 26 Nov 2012 - 12:22 am

DUBAI: Saudi Arabia’s shares slumped yesterday, dragging the market down to a 10-month low as political turmoil in Egypt sparked by the President’s...

Qatari bourse index rises by 0.46 percent 26 Nov 2012 - 12:22 am

Doha: Qatar Exchange pursued its upswing trend adding 38.50 points (or 0.46 percent) to advance to 8,448.35 points yesterday from 8,409.85 on Thursday. ...

Broker learns to cope with Iraq-style risk 26 Nov 2012 - 12:20 am

ISTANBUL: It was exceptionally cold in Sulaymaniyah, a city in northern Iraq’s Kurdish region, on the morning of December 22. Shwan Taha (pictured)...

Bullish bankers struggle to adjust to bonus cuts 26 Nov 2012 - 12:20 am

LONDON/NEW YORK: Self-confidence and betting on long odds are part of their DNA and so, while expecting the financial industry to slash bonuses...

Luxury industry takes its time to embrace Africa 26 Nov 2012 - 12:19 am

JOHANNESBURG: Africa has more millionaires than Russia, but for many wealthy Africans shopping for designer handbags or luxury watches still means travelling to...

KPMG anniversary reception 26 Nov 2012 - 12:18 am

KPMG in Qatar Management team with KPMG Global Chairman Michael Andrew and KPMG Qatar’s Managing Partner Jamal Fakhro at KPMG’s 35th anniversary reception...

Regulator bans Mobily from SIM cards sale 26 Nov 2012 - 12:17 am

DUBAI: Etihad Etisalat Co (Mobily), Saudi Arabia’s second-biggest telecoms operator, has asked to meet the industry regulator after it was suspended from selling...

Barclays ends floor trading on LME 26 Nov 2012 - 12:17 am

LONDON: Barclays withdrew from floor trading on the London Metal Exchange, the world’s biggest metals bourse, as the bank reviews its businesses to...

Eurozone ministers planning ‘haircut’ for Greece in 2015 26 Nov 2012 - 12:16 am

BERLIN: Eurozone finance ministers are considering a possible “haircut” for Greece in 2015, a German newspaper reported yesterday, in a bid to reduce...

Investors become landlords as London rents hit record 26 Nov 2012 - 12:16 am

LONDON: Vivek Jeswani became a landlord by accident when Deutsche Bank transferred him to New York two weeks after he moved into a...

Weekly Commodity Update: Commodity prices supported by rising stocks, weak dollar 26 Nov 2012 - 12:04 am

By Ole Hansen (Head of Commodity Strategy, Saxo Bank) Strong gains were seen across global stock markets this week which further helped to...

Energy Minister opens CNG fuelling station 25 Nov 2012 - 01:01 am

Minister of Energy and Industry and Chairman and Managing Director of Qatar Petroleum (QP) H E Dr Mohammed bin Saleh Al Sada inaugurating...

QFIU launches ’13-’17 strategy 25 Nov 2012 - 12:59 am

Sheikh Ahmed bin Eid Al Thani and Sheikh Fahad bin Faisal Al Thani at the launch of the QFIU strategy at Four Seasons...

Expert urges Qatar’s property developers to go for hedging 25 Nov 2012 - 12:59 am

DOHA: A leading Forex brokerage company has advised Qatar’s property developers to go for hedging to protect against price volatility. Qatar is one...

KPMG celebrates 35 years in Qatar 25 Nov 2012 - 12:57 am

Sheikh Thani bin Abdullah Al Thani (second right), KPMG Global Chairman Michael Andrew (right), Gopal Balasubramaniam, Partner, Head of Oil and Gas, MESA...

Qatar issued $19bn bonds, sukuks in ’11 25 Nov 2012 - 12:56 am

DOHA: The GCC foreign bonds have grown at an annual rate of 21 percent since Q1 2007. The rapid growth has happened partly...