Business

Saudi extends losses; most markets drop 29 Oct 2013 - 04:33 am

DUBAI: Saudi shares extended losses as earnings disappointed investors, while most other Middle East bourses retreated in profit-taking. Saudi’s retail and telecom sectors...

Morgan Stanley sees worst over for Mideast banking 29 Oct 2013 - 04:33 am

DUBAI: Morgan Stanley Inc is seeing a resurgence in investment banking activity in the Gulf Arab region and expects an end to large-scale...

QFC insurance business rules changed 29 Oct 2013 - 04:33 am

DOHA: The QFC Regulatory Authority yesterday issued new prudential rules for insurance firms operating from the Qatar Financial Centre (QFC), following extensive public...

LNG market to hinge on long-term factors, not spot deals: Qatargas 29 Oct 2013 - 04:33 am

SINGAPORE: Qatargas and other producers of liquefied natural gas (LNG) will continue to make project decisions based on long-term demand and sales rather...

Libya mulling sale of steel plant, 8 firms 29 Oct 2013 - 04:32 am

TRIPOLI: Libya is considering the sale of a steel plant and eight other state companies as part of efforts to overhaul an inefficient...

Bosphorus rail tunnel opens today 29 Oct 2013 - 04:32 am

ISTANBUL: Turkey will today unveil the world’s first sea tunnel connecting two continents, fulfilling a sultan’s dream 150 years ago, but also fuelling...

Syria re-issues sugar and rice tenders 29 Oct 2013 - 04:31 am

ABU DHABI: A Syrian agency re-issued two tenders yesterday, seeking quantities of rice and sugar it has repeatedly tried and failed to obtain...

IMF team due in Pakistan 29 Oct 2013 - 04:31 am

ISLAMABAD: Pakistani Prime Minister Nawaz Sharif faces the first formal test of his economic policies this week during a visit by the International...

QNB makes it to top global list 28 Oct 2013 - 12:48 am

DOHA: The region’s leading bank QNB has been adjudged as one of the Top Ten Value Creators during the post-2008 financial crisis period....

Bahrain in early stages of bank mergers, says official 28 Oct 2013 - 12:48 am

DUBAI: Bahrain is still in the early stages of a series of bank mergers designed to strengthen the sector in the face of...

Syphax Airlines: An Arab Spring success story 28 Oct 2013 - 12:45 am

Mohammed Frikha, founder and owner of Syphax Airlines. TUNIS: The growth of a small Tunisian airline over the past two years is a...

Rolls-Royce Doha announces 17pc sales growth in Q3 28 Oct 2013 - 12:45 am

DOHA: Rolls-Royce Motor Cars Doha, the authorised dealer of Rolls-Royce Motor Cars in Qatar, has announced a 17 percent growth in sales of...

QR717.6m profit for Ezdan Holding 28 Oct 2013 - 12:41 am

DOHA: Ezdan Holding Group recorded a net profit of QR717.6m for the nine months period ended September 30, 2013 in comparison to a...

Malabar opens 103rd showroom 28 Oct 2013 - 12:39 am

Internationally acclaimed Bengali film personality Padma Shri Aparna Sen opening the 103rd showroom of Malabar Gold & Diamond in Kolkata, India, on Saturday....

Egypt to issue wheat tender in 2-4 weeks 28 Oct 2013 - 12:39 am

CAIRO: Egypt, the world’s biggest wheat importer, will issue an international tender within the next two to four weeks to ensure its wheat...

Zain to expand into North Africa 28 Oct 2013 - 12:37 am

Zain Group Chief Executive Scott Gegenheimer during the interview. KUWAIT: Mobile telecommunications group Zain wants to expand in North Africa by taking controlling...

Egypt seeks to lure investors from region 28 Oct 2013 - 12:37 am

CAIRO: Egypt is planning a charm offensive to persuade Gulf Arab entrepreneurs to invest in its economy, battered by political upheaval, protests and...

Libya says US firm to stay, eyes Algeria gas deal 28 Oct 2013 - 12:37 am

TRIPOLI: US firm Marathon Oil will continue operating in Libya after giving up plans to sell its stake in Waha Oil Company, Oil...