Business

Nigeria’s debut sukuk to be issued by Osun state 26 Jun 2013 - 01:49 am

ABUJA: Cocoa-producing Osun State plans to issue Nigeria’s first sukuk bond, starting with 10bn naira ($62m), before the end of July, a banking...

FSB launches probe after Libor scandal 26 Jun 2013 - 01:49 am

ZURICH: The Financial Stability Board, a global watchdog, said yesterday it had created a taskforce to probe benchmark interest rates such as the...

India’s market watchdog bids to boost foreign investment 26 Jun 2013 - 01:49 am

MUMBAI: India’s market regulator yesterday announced an overhaul of existing regulations for foreign investors, in a bid to attract crucial inflows to the...

Nigeria’s debut sukuk to be issued by Osun state 26 Jun 2013 - 01:49 am

ABUJA: Cocoa-producing Osun State plans to issue Nigeria’s first sukuk bond, starting with 10bn naira ($62m), before the end of July, a banking...

Irish outrage grows over failed bank 26 Jun 2013 - 01:47 am

DUBLIN: Ireland’s deputy prime minister laid in to “arrogant” executives yesterday at a failed bank who mocked government efforts to tackle an economic...

Car sales slip in India 26 Jun 2013 - 01:21 am

Managing Director and Chief Executive Officer of Mercedes-Benz India Eberhard with the newly-launched E Class model of Mercedes-Benz at a function in New...

ANA, AirAsia to dissolve budget carrier 26 Jun 2013 - 01:20 am

TOKYO: Japan’s All Nippon Airways and AirAsia said yesterday they have agreed to terminate their budget carrier joint venture as business slumped amid...

Bahrain to raise spending by 11 percent 26 Jun 2013 - 01:20 am

DUBAI: Bahrain’s state spending is expected to jump 11 percent this year, by more than originally planned, after its parliament approved BD174.2m ($462m)...

Middle East bourses claw back early-week losses; trading thin 26 Jun 2013 - 01:20 am

DUBAI: Some Middle East bourses rose yesterday, clawing back part of their early-week losses as bargain hunters bought back bluechip stocks, although trading...

Tech Mahindra completes Satyam takeover 26 Jun 2013 - 01:19 am

MUMBAI: Indian IT outsourcer Tech Mahindra yesterday completed a takeover of its partly-owned unit Mahindra Satyam, creating a new force in the sector...

Abu Dhabi power plant picks banks for bond meetings 26 Jun 2013 - 01:16 am

DUBAI: Abu Dhabi’s Shuweihat 2 (S2) power and water plant has mandated six banks to help arrange a potential bond issue, lead arrangers...

QNB Group and Attijariwafa Bank of Morocco sign MoU 25 Jun 2013 - 04:53 am

Officials of QNB Group and Attijarifawa Bank of Morocco officials signing the memorandum of understanding. DOHA: QNB has signed a Memorandum of Understanding...

Barwa Bank’s equity fund up 11.5 percent 25 Jun 2013 - 04:50 am

DOHA: Barwa Bank, Qatar’s fastest growing Shariah compliant banking service provider, recently successfully launched its first equity fund: “The First Investor GCC Equity...

Mayor’s visit 25 Jun 2013 - 04:48 am

London Mayor Boris Johnson meets employees at Lloyd’s of London insurance market in the City of London yesterday.

Qatari HNWIs accrue wealth at faster pace 25 Jun 2013 - 04:48 am

DOHA: The high net worth individuals (HNWIs) in Qatar is accruing wealth at a faster pace than developed economies. An estimated 42 percent...

Tax dispute blocks Nigeria LNG exports 25 Jun 2013 - 04:47 am

LAGOS: Maritime authorities have halted liquefied natural gas exports from Nigeria due to a dispute over fees and taxes, blocking ships at a...

Brent reaches three-week low on China growth worries 25 Jun 2013 - 04:46 am

LONDON: Brent crude traded at its lowest in three weeks after dropping below $100 yesterday as the dollar firmed and investors worried that...

Vodafone to take over Kabel in $10bn deal 25 Jun 2013 - 04:44 am

LONDON/FRANKFURT: Vodafone has agreed to buy Germany’s largest cable operator Kabel Deutschland for ¤7.7bn ($10bn), adding TV and fixed-line services to help defend...