Business

Iran squeezed by higher edible oil costs 30 Apr 2013 - 12:52 am

KUALA LUMPUR: Iran is having to pay a premium for basic foodstuffs such as cooking oil, highlighting the increasing strain on Tehran from...

US officials arrest Swiss banker 30 Apr 2013 - 12:42 am

ZURICH: US officials have arrested a former UBS banker working for the Swiss operations of Coutts, the private banking division of Royal Bank...

Qatar’s reforms hailed 29 Apr 2013 - 01:20 am

Qatar Statistics Authority President Sheikh Hamad bin Jabor bin Jassim Al Thani (left); Representative of the UN Development Programme, Paolo Limbu (right); and...

QIB nets QR291m profit 29 Apr 2013 - 01:20 am

DOHA: Qatar Islamic Bank’s (QIB) net profit reached QR291m for the first quarter of 2013. The bank’s total assets increased by 16.6 percent...

Dubai Chamber wins Best CSR Project award 29 Apr 2013 - 01:19 am

Officials posing with the award in Doha recently. DOHA: Dubai Chamber of Commerce and Industry has won the Best CSR Project in the...

Ibrahim Al Saqaabi is Acting CEO of Al Mazaya Holding 29 Apr 2013 - 01:18 am

DOHA: Al Mazaya Holding Company, the leading real estate company in the Gulf region and listed on Kuwait and Dubai stock exchanges, announced...

Central banks, data to steer investors in US 29 Apr 2013 - 01:17 am

NEW YORK: With signs of a slower economy mounting, the near-term outlook for US stocks isn’t rosy, but investors may find comfort next...

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...