Business

UDC to sign QR1.5bn loan deal with QNB 14 Jun 2013 - 12:00 am

DOHA: United Development Company (UDC), master developer of The Pearl-Qatar, announced yesterday its intention to sign a loan agreement facility with Qatar National...

BofA-Merrill raises Qatar bourse assessment to overweight, cuts UAE 13 Jun 2013 - 11:55 pm

DUBAI: Bank of America Merrill Lynch raised its assessment of Qatar’s stock market to overweight from neutral, and cut the United Arab Emirates...

Oil prices rebound slightly on US data 13 Jun 2013 - 11:52 pm

LONDON: Global oil prices rebounded gently yesterday, reversing earlier losses on the back of improving economic data in top crude consumer the United...

QGPC to make polymer resin concrete pipes 13 Jun 2013 - 11:50 pm

Officials pose for a group picture. DOHA: Qatar German Pipes Company (QGPC), a subsidiary of Al Sulaiteen Group of Companies, for the first...

China’s auto market soars 13 Jun 2013 - 11:49 pm

Heavy traffic slowly moves along a ring road surrounding Beijing. China is the biggest auto market by the number of vehicles sold and...

UAE’s finances strengthening, says IMF report 13 Jun 2013 - 11:46 pm

DUBAI: The United Arab Emirates is succeeding in strengthening its state finances by restraining spending, and managed last year to reduce the oil...

Centrica buys 25pc of Bowland Shale 13 Jun 2013 - 11:45 pm

LONDON: Britain’s bid to exploit shale-gas deposits was boosted yesterday as utility Centrica Plc bought a quarter stake in a major gas-bearing formation...

New CEO for Jet Airways 13 Jun 2013 - 11:41 pm

NEW DELHI: Jet Airways yesterday appointed Gary Kenneth Toomey as its new chief executive, two months after a landmark deal in which Abu...

Tasweeq, Pearl load first GTL jet fuel cargo 13 Jun 2013 - 01:30 am

Representatives from Tasweeq, Qatar Shell and Qatar Petroleum celebrate the loading of first GTL-blended jet fuel cargo. DOHA: Qatar International Petroleum Marketing Company...

MSCI upgrade a shot in the arm for QE: Experts 13 Jun 2013 - 01:30 am

DOHA: Morgan Stanley Capital International’s (MSCI) decision to upgrade Qatar will render significant impetus to Qatar’s financial market. Welcoming the index compiler’s decision...

Austrian firm Porr to sign €1.89bn Qatar metro deal 13 Jun 2013 - 01:29 am

VIENNA: Austrian construction firm Porr announced yesterday it was to sign a ¤1.89bn ($2.5bn) contract to build one of Doha’s new metro lines,...

Gulf currency shifts likely: QCB governor 13 Jun 2013 - 01:29 am

DUBAI: A statement on foreign exchange policy by Qatar’s Central Bank governor has struck a nerve in financial markets across the Gulf, reminding...

Oil rises on supply concerns, demand outlook caps gains 13 Jun 2013 - 01:29 am

NEW YORK/LONDON: Crude oil prices were marginally higher yesterday, supported by worry over global supply disruptions but capped by an unexpected jump in...

EU-China steel tussle 13 Jun 2013 - 01:24 am

A worker loads steel bars for export at a port in Lianyungang, Jiangsu province, yesterday. The European Union plans to lodge a complaint...

British banks announce Libor reforms 13 Jun 2013 - 01:20 am

LONDON: The British Bankers’ Association yesterday announced changes to Libor interest-rate transparency in a bid to avoid a repeat of last year’s rate-rigging...

Doha Bank launches Al Hayer GCC, Mena Fund 13 Jun 2013 - 01:19 am

DOHA: Doha Bank, has launched “Al Hayer GCC & Mena Fund” for Qatari Individuals, Corporates and Institutions. It is an open-ended fund that...

India posts weak industrial output 13 Jun 2013 - 01:12 am

NEW DELHI: India’s industrial output grew by a weaker-than-expected two percent in April but the grim data Wednesday was offset by global ratings...

Sri Lanka allows foreigners to take out capital 13 Jun 2013 - 01:12 am

COLOMBO: Sri Lanka yesterday announced the easing of foreign exchange controls to allow foreigners to repatriate capital as well as profits from real...