Business

Protest in Athens 19 Jul 2013 - 03:36 am

Protestors shout slogans against the visit of German Finance Minister Wolfgang Schaeuble as they demonstrate in central Athens yesterday. Schaeuble said new financial...

QE market cap rises to QR524bn 19 Jul 2013 - 03:36 am

DOHA: The Qatar Exchange (QE) index gained 129.90 points or 1.38 percent last week to close at 9549.87 points. The industrial, insurance and...

US crude hits 16-month high above $108 a barrel 19 Jul 2013 - 03:36 am

NEW YORK: US crude oil hit its highest level in 16 months yesterday, rising above $108 a barrel on signs of a stronger...

US jobless claims fall 19 Jul 2013 - 03:35 am

WASHINGTON: New claims for US jobless benefits dropped last week to their lowest level in four months, a positive sign for hiring that...

Moody’s downgrades subordinated debt ratings of 12 GCC banks 19 Jul 2013 - 03:35 am

DOHA: Moody’s Investors Service yesterday downgraded the subordinated debt ratings of 12 banks in the Gulf Cooperation Council (GCC) countries, including Qatar. The...

Kuwait to spend $3.5bn less this fiscal year 19 Jul 2013 - 03:35 am

KUWAIT: Kuwait expects to spend around 1bn dinars ($3.5bn) less in the 2013/14 fiscal year, according to the state budget published by the...

Weekly Money Market Review with IBQ: This is the peak of summer’s unpredictability 19 Jul 2013 - 03:22 am

An extremely volatile week in the currency market with the US dollar losing ground in the middle of the week after the FOMC...

CBQ completes Alternatifbank stake purchase 19 Jul 2013 - 03:03 am

DUBAI: Commercial Bank of Qatar (CBQ) yesterday said it had completed the purchase of a 70.84 percent stake in Turkey’s Alternatifbank. The transaction...

GlaxoSmithKline official hit by Chinese travel ban 18 Jul 2013 - 04:31 am

A security guard walks past the GlaxoSmithKline (GSK) company sign outside the factory in Shanghai, China, yesterday. Beijing: China is preventing the British...

New BlackBerry Q5 launched in Qatar 18 Jul 2013 - 04:29 am

DOHA: BlackBerry yesterday announced that the newest BlackBerry® 10 smartphone, the BlackBerry® Q5, is now available from authorised carriers and retailers in Qatar. ...

Unemployment in UK falls 57,000 to 2.51million 18 Jul 2013 - 04:28 am

London: The number of people claiming unemployment benefit in the UK dropped by 21,200 in June, the fastest rate of decline for three...

States back EU-wide sales block in Mercedes aircon row 18 Jul 2013 - 04:28 am

BRUSSELS: National auto experts meeting in Brussels yesterday recommended an EU-wide block on the sale of Mercedes cars produced in breach of single-market...

Barclays to fight $453m power fine in US court 18 Jul 2013 - 04:27 am

NEW YORK: Barclays will contest a record $453m fine imposed by a US energy regulator against the British bank and four of its...

Bank of America profits jump 70pc 18 Jul 2013 - 04:25 am

A woman walks past a Bank of America banking center in New York’s financial district. NEW YORK CITY: Bank of America reported a...

US, European stocks score modest gains 18 Jul 2013 - 04:23 am

US Federal Reserve Chairman Ben Bernanke delivers his semi-annual monetary policy report to Congress before the House Financial Services Committee in Washington, yesterday....

Dubai up as Air Arabia jumps to near 5-year high 18 Jul 2013 - 04:22 am

Dubai: Dubai-listed budget carrier Air Arabia surged to a near five-year high yesterday, leading a rally on the emirate’s bourse ahead of UAE...

Mackeen to launch specialised ATM solutions 18 Jul 2013 - 04:22 am

DOHA: Mackeen Technology, one of the fastest growing technology companies in Qatar, will be launching specialized solutions for Automated Teller Machines (ATMs) to...

Bahrain sovereign fund loss narrows 18 Jul 2013 - 04:22 am

DUBAI: Bahrain sovereign fund Mumtalakat said yesterday its net loss for 2012 narrowed by 32.9 percent as improved performance by its financial services...