Business

Key negotiator with IMF resigns in blow to Egypt 29 Apr 2013 - 01:16 am

CAIRO: A key Egyptian negotiator with the International Monetary Fund said yesterday that he has resigned as first deputy finance minister, in a...

GIS profit soars to QR135.8m in first quarter 29 Apr 2013 - 01:16 am

DOHA: Gulf International Services (GIS), a Qatar-based shareholding energy company listed on the Qatar Exchange, yesterday reported net profits of QR135.8m for the...

Moody’s, Morgan Stanley and S&P settle risky suits 29 Apr 2013 - 01:15 am

NEW YORK: Credit ratings agencies Moody’s, Standard & Poor’s, and investment bank Morgan Stanley have reached agreements to settle two lawsuits on accusations...

Qatar’s current account surplus widens: Report 29 Apr 2013 - 01:15 am

DOHA: Qatar’s current account surplus widened to QR226.9bn ($62.3bn) in 2012, or 32.4 percent of gross domestic product, the central bank’s preliminary data...

Qatar Exchange resumes upward momentum 29 Apr 2013 - 01:14 am

DOHA/DUBAI: Qatar resu-med its upward momentum yesterday after the previous session’s reverse, while heavy buying of mid-cap stocks sent Dubai to a new...

ANA tests modified Dreamliner 29 Apr 2013 - 01:14 am

TOKYO: A modified Dreamliner took to the skies over Tokyo yesterday with top Boeing and ANA executives aboard, as the plane maker and...

Libya to help ease Egypt crisis with $1.2bn oil deal 29 Apr 2013 - 01:13 am

TRIPOLI: Libya will soon start shipping oil to neighbouring Egypt on soft credit terms, two senior Libyan officials said, as Cairo struggles to...

Abu Dhabi to establish financial free zone 29 Apr 2013 - 01:13 am

ABU DHABI: The emirate of Abu Dhabi is putting finishing touches to plans to establish a financial free zone that could resemble, and...

DRAM chip shortage puts Samsung in spot 29 Apr 2013 - 01:10 am

SEOUL: Samsung Electronics spent about $24bn in the past two years beefing up the world’s biggest maker of memory chips to meet demand....

New Tokyo index aimed at foreign investors 29 Apr 2013 - 01:10 am

TOKYO: Aiming to establish itself as a major exchange in Asia, the Tokyo Stock Exchange plans to create a new stock price index...

Oil’s Big Five hit by crude drop as spending soars 29 Apr 2013 - 01:04 am

LONDON: The biggest oil companies are failing to increase earnings as crude trades near a nine-month low, production wanes and costs rise. ExxonMobil...

Commodity markets rebound on growing risk appetite 29 Apr 2013 - 01:00 am

LONDON: Global commodity markets rebounded this week from recent losses on the back of growing investor appetite for risk, dealers said. “Commodity prices...

100 UAE firms for Project Qatar 2013 28 Apr 2013 - 04:50 am

Officials pose for a group picture at the press conference in Dubai yesterday. DOHA: The 10th edition of Project Qatar will be held...

Mena growth bucks global trends: QNB Group 28 Apr 2013 - 04:48 am

Doha: The IMF has revised down its projections for 2013 global growth by 0.2 percentage points to 3.3 percent, yet again pushing back...

Hassad Food appoints Fahad Al Subaiey as CEO 28 Apr 2013 - 04:47 am

DOHA: Hassad Food, Qatar’s premier investor in the agriculture and livestock sectors announced yesterday the appointment of Fahad Abdulla Turki Al Subaiey (pictured)...

Arab Bank profit edges up in Q1 28 Apr 2013 - 04:46 am

AMMAN: Jordan-based Arab Bank Group made a net profit of $205.1m in the first quarter of the year, up from $204.4m in the...

Sudan sugar firm plans biofuel expansion 28 Apr 2013 - 04:46 am

KHARTOUM: Kenana, Sudan’s biggest sugar producer, plans to more than triple its ethanol output within two years to become a major biofuel exporter...

Barwa Bank wins Banker Middle East Awards 28 Apr 2013 - 04:43 am

Steve Troop (left), CEO of Barwa Bank, and Hussain Al Abdullah, Head of Retail Banking, receiving the awards. DOHA: Barwa Bank Group has...