Business

Turkish lira slips to record lows 04 Sep 2013 - 12:09 am

ISTANBUL: The Turkish lira fell near record lows yesterday as fears of turmoil in the Middle East roiled global markets. The lira weakened...

Iran will not back down over top Opec post, says minister 04 Sep 2013 - 12:08 am

DUBAI: Iran will not back down in its quest for an Iranian head of Opec, the country’s new oil minister, Bijan Zanganeh, was...

International Islamic wins award 03 Sep 2013 - 01:51 am

International Islamic Chief Operating Officer Ali Hamad Al Mesaifri receiving the award. DOHA: Qatar International Islamic Bank (International Islamic) has been chosen for...

QIA bolstering team to diversify portfolio 03 Sep 2013 - 01:50 am

DUBAI: Qatar’s sovereign wealth fund, one of the world’s most aggressive investors, is hiring senior bankers and industry executives to lessen the fund’s...

Qatar has fourth highest asset wealth per head 03 Sep 2013 - 01:50 am

DOHA: Qatar has the fourth highest built asset wealth per person in the world. The rate of growth in built asset wealth per...

Verizon and Vodafone in $130bn deal 03 Sep 2013 - 01:48 am

A man passes by a Verizon Wireless store in Washington, DC. LONDON/SAN DIEGO: Verizon Communications agreed yesterday to pay $130bn to buy Vodafone ...

Residential property prices unchanged 03 Sep 2013 - 01:48 am

DOHA: Qatar’s residential property sale transactions reached a multi-year high during the second quarter of 2013, driven by higher purchases of freehold properties...

Brent crude firm around $114 03 Sep 2013 - 01:47 am

Brent crude firm around $114 LONDON: Brent crude oil steadied around $114 yesterday, after a week of gains, as the prospect of an...

Qatar’s Petroserv enters Australian LNG sector 03 Sep 2013 - 01:47 am

DOHA: Doha-based Petroserv Ltd, has announced its entry into the Australian liquefied natural gas (LNG) sector through an equity investment with Queensland-based Bothar...

Shake-up in Barwa Bank management team 03 Sep 2013 - 01:46 am

DOHA: Barwa Bank announced a series of changes to its leadership team including the promotions of Khalid Al Ahbabi to General Manager, Wholesale...

European stocks jump; gold dips 03 Sep 2013 - 01:46 am

LONDON: Upbeat Chinese and eurozone economic data, combined with receding investor concerns over a US intervention in Syria, sent European equities climbing yesterday,...

Syria wheat, sugar tenders fail to attract offers 03 Sep 2013 - 01:46 am

ABU DHABI/BEIRUT: Syria cancelled an urgent tender to buy sugar yesterday, two weeks after cancelling a bid to buy wheat, the latest signs...

GWC, Qafac sign QR6m contract 03 Sep 2013 - 01:15 am

Doha: Gulf Warehousing Company (GWC) and Qatar Fuel Additives Company (Qafac) have signed a contract worth QR6m.Under the contract GWC is to provide...

India’s manufacturing activity hits new low; China rebounds 03 Sep 2013 - 12:44 am

An employee checking thread reels of a carpet weaving machine at a factory in the Bari Brahmana industrial area, about 20km from the...

Indonesia’s trade deficit widens 03 Sep 2013 - 12:42 am

JAKARTA: Indonesia’s trade deficit unexpectedly hit a record high in July, data showed yesterday, adding further pressure on policy makers to shore up...

Qatar bourse index down 0.51 percent 03 Sep 2013 - 12:42 am

Doha: Qatar Exchange was down yesterday by 49.32 points or 0.51 percent to 9,618.26 points from the previous closing of 9,667.58. Among the...

Dubai nears sale of Fontainebleau hotel in Miami 03 Sep 2013 - 12:42 am

DUBAI: Dubai World is close to selling its 50 percent stake in Miami Beach’s landmark Fontainebleau hotel to South Florida developer Turnberry Ltd,...

Yemen inflation rate climbs to 15-month high in May 03 Sep 2013 - 12:41 am

DUBAI: Yemen’s annual inflation climbed to a 15-month high of 14.2 percent in May, mainly due to increases in food, tobacco and qat...