Business

S&P affirms A/A-1 rating for Ooredoo 20 Jun 2013 - 05:44 am

DOHA: Standard & Poor’s Ratings Services has affirmed its ‘A/A-1’ long- and short-term corporate credit ratings on Ooredoo (Qatar TelecomQtel) and its ‘A’...

Crude prices weaker on US inventory build 20 Jun 2013 - 05:44 am

NEW YORK: Crude oil prices on both sides of the Atlantic were weaker in choppy trading yesterday after a US government report showed...

Qatar’s foreign trade surplus up by 2.2pc 20 Jun 2013 - 05:43 am

DOHA: Qatar’s foreign merchandise trade surplus has increased 2.2 percent in April, 2013. According to preliminary figures released by the Qatar Statistics Authority...

QInvest named Best Sukuk Structuring House in Qatar 20 Jun 2013 - 05:42 am

Tamim Hamad Al Kawari receiving the award from Mushtak Prker. DOHA: QInvest has been internationally recognised as “Best Sukuk Structuring House in Qatar”...

Spanish crisis may end soon, says IMF 20 Jun 2013 - 05:41 am

MADRID: Spain’s biting recession may end soon but the outlook is tough and Madrid must do more to battle the country’s unacceptably high...

QNB honoured with Best Bank in Middle East award 20 Jun 2013 - 05:41 am

Doha: Qatar National Bank (QNB) has been the recipient of two industry recognised awards from the Banker Middle East. QNB was awarded the...

Ireland on track for bailout exit this year 20 Jun 2013 - 05:41 am

DUBLIN: Ireland has a good chance of exiting its bailout this year but would benefit from more European support in cleaning up its...

US puts Russia on notice in report on WTO compliance 20 Jun 2013 - 05:40 am

WASHINGTON: The United States, in the first report on Russia’s compliance with its World Trade Organisation commitments, said yesterday it was closely watching...

Intra-Mena trade likely to double by 2020, says HSBC official 20 Jun 2013 - 05:39 am

Speakers at the HSBC Regional Exchange – Mena conference. DOHA: “Intra-Middle East and North Africa (Mena) trade has the potential to double by...

Qatari bourse index loses 21.04 points 20 Jun 2013 - 05:39 am

Doha: Qatar Exchange index lost 21.04 points or 0.22 percent to reach 9,340.01 points from the previous closing of 9,361.05 points. The volume...

Bourse merger would have many benefits: UAE regulator 20 Jun 2013 - 05:38 am

ABU DHABI: A potential merger between the two main stock exchanges of Dubai and Abu Dhabi would have “many advantages” for the country’s...

Local, global trends boost Gulf banks as foreign rivals retrench 20 Jun 2013 - 05:38 am

ABU DHABI/DUBAI: When British banker Michael Tomalin took the top job at National Bank of Abu Dhabi in 1999, the lender had about...

Combo solution woes 20 Jun 2013 - 05:36 am

A construction site of the tramway building project in Karlsruhe, Germany, yesterday. After the bankruptcy of construction company Alpine, city of Karlsruhe now...

Turkey crude supply to start soon: Kurds 20 Jun 2013 - 05:36 am

LONDON: Iraqi Kurdistan will start a new oil pipeline to Turkey within months, its energy minister said, increasing the autonomous region’s control over...

Supreme Court quashes British sanctions on Iranian bank 20 Jun 2013 - 05:36 am

LONDON: The UK’s highest court has ruled that the British government was wrong to have imposed sanctions on an Iranian bank in 2009...

Portugal pays higher rates in bond auction 20 Jun 2013 - 05:35 am

LISBON: Crisis-hit Portugal paid higher borrowing rates in a short term debt auction yesterday, reflecting tighter conditions seen in bond markets around the...

Finnish economy to shrink 0.4pc 20 Jun 2013 - 05:35 am

HELSINKI: Finland’s economy will shrink by 0.4 percent this year, the Finnish government said yesterday, revising downwards its forecast from March which predicted...

Weekly Money Market Review with IBQ: These are uncertain times in financial markets 20 Jun 2013 - 05:11 am

The US Dollar started the week on a negative tone, as Federal Reserve Bank President Bullard said that the US economic performance could...