Business

Qatar bourse index down; Dubai rallies 22 Jul 2013 - 12:46 am

Doha: Qatar Exchange was down 9.16 points or 0.10 percent to 9,540.71 points yesterday from the previous closing of 9,549.87 points. Among the...

ARI brings home ‘Mena Sukuk Manager of the Year’ award 22 Jul 2013 - 12:46 am

Doha: City-based Al Rayan Investment (ARI) scooped the Mena Sukuk Manager of the Year title at the 2013 Investment Excellence Awards. The award...

Iran denies missing World Bank payments 22 Jul 2013 - 12:45 am

DUBAI: Iran denied yesterday it had failed to make payments on its loans to the World Bank for the last six months, blaming...

Third of Britons see interest rates rising in next 12 months 22 Jul 2013 - 12:45 am

LONDON: More than a third of Britons think interest rates will rise in the next 12 months, a survey showed yesterday, suggesting the...

Halting wheat imports was Mursi’s biggest mistake, says minister 22 Jul 2013 - 12:30 am

CAIRO: The biggest mistake deposed Egyptian president Mohammed Mursi made was stopping wheat imports, Egypt’s new minister of supplies said, pledging to ensure...

Commodity prices experience mixed week 22 Jul 2013 - 12:14 am

LONDON: Global commodity prices diverged last week as traders bet on a rosier economic outlook for the United States amid mixed signals surrounding...

Bangkok voted world’s best destination city 22 Jul 2013 - 12:14 am

The Bangkok Bank building (right) in Bangkok. The bank is Thailand’s largest commercial bank and one of the biggest in South East Asia....

Global banks eye Iraq but risks abound 22 Jul 2013 - 12:13 am

BAGHDAD: Interest by Citibank and Standard Chartered to expand into Iraq highlights the vast potential of the country’s banking sector, but the experience...

GSK boss to address China scandal this week 22 Jul 2013 - 12:13 am

LONDON: GlaxoSmithKline Chief Executive Andrew Witty will detail what action the drugmaker is taking in response to allegations of bribery against it in...

Two new members in QBA board 21 Jul 2013 - 01:37 am

Members of the QBA pose for a group picture. DOHA: The Qatari Business-men’s Association (QBA) is set to meet with the newly appointed...

G20 endorses plan to halt tax avoidance 21 Jul 2013 - 01:36 am

MOSCOW: The G20 yesterday fully endorsed an action plan set out by the OECD to clamp down on tax avoidance which its creators...

Boeing confident about Dreamliner; no orders cancelled, says Johnson 21 Jul 2013 - 01:34 am

BY MOHAMMAD SHOEB DOHA: Problems encountered by Boeing’s 787 Dreamliner are glitches that any new airplane goes through, and the company is confident...

Japan wins rights to explore for rare metals in Pacific 21 Jul 2013 - 01:34 am

TOKYO: Japan yesterday said it had won the rights to explore for cobalt-rich crusts in the Pacific, a move that could reduce its...

Qatar’s Emerging Market status to benefit asset managers 21 Jul 2013 - 01:33 am

DOHA: The MSCI’s decision to elevate Qatar from Frontier Market to Emerging Market status will significantly benefit Asset Management companies. A survey, jointly...

Detroit bonds drop 21 Jul 2013 - 01:32 am

A file picture of workers removing the Dexia bank logo from its headquarters in Brussels after the Belgian part of the bank was...

Credit squeeze may dampen growth in China: QNB Group 21 Jul 2013 - 01:31 am

Doha: The Chinese authorities’ policy to squeeze excessive credit expansion may dampen economic growth in the second half of 2013, according to QNB...

Public finances show UK on track for borrowing goal 21 Jul 2013 - 01:31 am

LONDON: Britain’s government remains on track to meet its politically sensitive budget goals for the current tax year, data showed on Friday, although...

Rates: China’s banks warned to be prudent 21 Jul 2013 - 01:30 am

A bank clerk counts Chinese yuan notes at a branch of Industrial and Commercial Bank of China in Huaibei. BEIJING: Chinese banks took...