Business

Tunisia committed to reform, says premier 21 Oct 2013 - 08:29 am

TUNIS: Political unrest has hurt Tunisia’s growth outlook but it will stay committed to cutting the state budget deficit next year, while relying...

Gulf Bank CEO Accad resigns 21 Oct 2013 - 08:28 am

DUBAI: Michel Accad, the chief executive of Kuwait’s Gulf Bank, has resigned from his post for personal reasons, the lender said in a...

Malabar Gold & Diamonds to open in Singapore 21 Oct 2013 - 08:24 am

Adoor Prakash, the Revenue Minister of the southern Indian state of Kerala, inaugurating the 101st showroom of Malabar Gold & Diamonds at Adoor...

Oil companies step up exploration in Morocco’s waters 21 Oct 2013 - 08:23 am

LONDON: Oil companies are stepping up exploration in Morocco, attracted by its stability relative to other parts of North Africa and encouraged by...

US economy ‘bruised’ by fiscal fight 21 Oct 2013 - 08:23 am

WASHINGTON: The US economy has been hurt by a recent budget standoff in Washington and it is important that the nation does not...

Weekly Commodity Update: US govt back in business; gold back to neutral 21 Oct 2013 - 08:21 am

By Ole Hansen (Head of Commodity Strategy, Saxo Bank) The US avoided being sent over the cliff by a last-minute agreement in Washington...

Weekly Money Market Review with IBQ: US political uncertainties weigh on greenback US dollar 21 Oct 2013 - 08:20 am

Last week, politicians in the US approved a deal to end a 16-day partial government shutdown and avert a default hours before the...

QIB posts QR975.1m profit in 9 months 21 Oct 2013 - 02:40 am

Doha: Qatar Islamic Bank (QIB) disclosed a net profit of QR975.1m for the nine months period ending September 30, 2013 compared to a...

Smash it if you can 20 Oct 2013 - 12:13 am

Visitors are invited to smash windows of a BMW car with bricks as part of a promotional event for a brand of car...

Qatar to lead GCC growth in 2013-14 20 Oct 2013 - 12:12 am

DOHA: With a projected 6.5 percent growth rate, Qatar is expected to lead the GCC in 2013. The country is also expected to...

Offshore fracking more widespread in California 20 Oct 2013 - 12:12 am

LONG BEACH, California: The oil production technique known as fracking is more widespread and frequently used in the offshore platforms and man-made islands...

Daman Islamic’s third quarter profit crosses QR40m 20 Oct 2013 - 12:11 am

DOHA: Daman Islamic Insurance Company’s net profit crossed QR40m for the first nine months of 2013. The figure reflects a 111 percent increase...

E&Y to pay $99m to end Lehman suit 20 Oct 2013 - 12:11 am

NEW YORK: Ernst & Young (EY) has agreed to pay $99m to former Lehman Brothers investors who have accused the auditor of helping...

Boeing notching down production of 747 planes 20 Oct 2013 - 12:11 am

NEW YORK: Boeing Co said it was notching down the production rate of its biggest plane, the iconic bubble-top 747, due to slack...

Royal Mail valued higher than sale price, says report 20 Oct 2013 - 12:09 am

Royal Mail vans sit in the car park of Mount Pleasant sorting office in central London, yesterday. LONDON: Britain’s Royal Mail was valued...

UAW ratchets up pressure on Nissan 20 Oct 2013 - 12:08 am

DETROIT: The United Auto Workers is ratcheting up pressure on Nissan in the hopes it may finally succeed at organising the Japanese automaker’s...

Brazil suspends Ser Educacional IPO for lack of key data 20 Oct 2013 - 12:07 am

SAO PAULO: Brazil’s securities industry watchdog CVM suspended on Friday the initial public offering of Grupo Ser Educacional SA, saying the education company...

EU inks trade deal with Canada 19 Oct 2013 - 05:04 am

Prime Minister of Canada Stephen Harper (left) and European Commission President Jose Manuel Barroso during the signing of a free trade agreement between...