Business

QNB launches Al Safwa services 01 Dec 2013 - 08:06 am

DOHA: Qatar National Bank (QNB) announced the launch of “Al Safwa” services that provides an innovative gateway and a one-stop solution for Egyptian...

Masraf Al Rayan UK subsidiary to acquire Islamic Bank of Britain 01 Dec 2013 - 08:06 am

Doha: Masraf Al Rayan QSC (MAR) and Islamic Bank of Britain (IBB) announced that they have reached an agreement on the terms of...

Australian govt cool on stake in Qantas 01 Dec 2013 - 08:05 am

SYDNEY: Australian Treasurer Joe Hockey has indicated he would resist the government taking a stake in Qantas, in comments reported yesterday, after calling...

Qatar Exchange Roundup: QE index continues to rise despite resistance 01 Dec 2013 - 08:05 am

by Basheer Yusief Kahloot QExchange index this week faced a strong resistance at 10375 points. The index continued to rise for four successive...

India talks tough on WTO, does not rule out deal 01 Dec 2013 - 08:03 am

NEW DELHI: Trade Minister Anand Sharma said he will not compromise on food subsidies for the poor at a WTO meeting next week,...

Global investors brace for Fed move, cut North American bonds 01 Dec 2013 - 08:03 am

LONDON: Leading global investors slashed North American bond holdings to a 3 1/2-year low in November as expectations for dwindling US monetary stimulus...

Spain tweaks tax rules to give banks a €30bn boost 01 Dec 2013 - 08:02 am

MADRID: Spain gave its banks a ¤30bn capital boost by allowing them to transform part of their so-called deferred tax assets into state-backed...

BoE governor warns British house-buyers on rates 01 Dec 2013 - 07:59 am

LONDON: Bank of England Governor Mark Carney has warned would-be British homeowners to consider the risks of higher interest rates, amid concerns that...

Saab to restart 9-3 sedan production 01 Dec 2013 - 07:59 am

Trollhattan: The new owners of Swedish car maker Saab, National Electric Vehicle Sweden AB, will restart production of the 9-3 sedan tomorrow at...

Spain tweaks tax rules to give banks a €30bn boost 01 Dec 2013 - 07:58 am

MADRID: Spain gave its banks a ¤30bn capital boost by allowing them to transform part of their so-called deferred tax assets into state-backed...

Moody’s raises Greek credit rating to Caa3 01 Dec 2013 - 07:58 am

ATHENS: Ratings agency Moody’s upgraded Greece’s credit rating, citing improved results in the crisis-hit country’s economic adjustment programme. The agency announced the two-notch...

Missouri governor calls special session for Boeing incentives 01 Dec 2013 - 07:57 am

JEFFERSON CITY, Missouri: Governor Jay Nixon wants state lawmakers back at the Capitol next week in hopes of persuading the Boeing Co to...

Zimbabwe platinum mining 30 Nov 2013 - 05:52 am

Employees walk under a concentrator at Ngezi platinum processing plant near Harare yesterday. Zimbabwe is willing to let foreign-owned platinum mining firms own...

Turkey and Iraqi Kurdistan sign energy deal 30 Nov 2013 - 05:49 am

ANKARA: Turkey and Iraqi Kurdistan signed a multi-billion-dollar energy package this week that will help transform the semi-autonomous region into an oil and...

Shanghai Free Trade Zone 30 Nov 2013 - 05:48 am

A man walks in front of the entrance of the Shanghai Pilot Free Trade Zone at the Pudong international airport in Shanghai yesterday....

Black Friday shopping 30 Nov 2013 - 05:46 am

Shoppers walk with a cart full of purchases from Walmart in Westbury, New York, yesterday. Black Friday, the day following Thanksgiving Day holiday,...

India posts surprise 4.8pc growth 30 Nov 2013 - 05:45 am

NEW DELHI: India posted faster-than-expected quarterly economic growth of 4.8 percent yesterday, boosted by robust farm output, spurring hopes that an end to...

Improved jobs offer modest EU respite 30 Nov 2013 - 05:45 am

BRUSSELS: Improved eurozone jobs and inflation data yesterday are welcome but offer only modest respite as the bloc struggles to get back on...