Business

Swiss bank Safra Sarasin to shut India wealth JV 05 Oct 2013 - 03:12 am

MUMBAI/DUBAI: J Safra Sarasin Group, a Swiss private bank, is shutting its Indian joint venture after it was unable to build significant scale...

Samsung expects record Q3 profit of $9.4bn 05 Oct 2013 - 03:11 am

SEOUL: Samsung Electronics Co said yesterday it expected to post a record operating profit of 10.1 trillion won ($9.4bn) in the third quarter...

QP to expand global presence: Al Sada 04 Oct 2013 - 05:36 am

The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada with top executives of QP after the launch of...

QE’s main index gains, market cap increases to QR530.14bn 04 Oct 2013 - 05:35 am

DOHA: Qatari stocks gained last week with the main index of the bourse inching up 180.26 points, or 1.88 percent, to 9,761.03. The...

Global food prices fall to new low 04 Oct 2013 - 05:35 am

ROME: Global food prices are not expected to fall much further after dipping to their lowest level in three years in September, the...

European markets slide amid US woes 04 Oct 2013 - 05:34 am

Traders work on the floor of the New York Stock Exchange yesterday. PARIS: European stock markets mostly slid while the euro continued to...

Global fund firms fret over UAE fee structure 04 Oct 2013 - 05:34 am

DUBAI: International funds selling investments in the UAE plan to lobby financial regulators to ease new product registration fees which they complain are...

Gas riches off Cyprus lower than expected 04 Oct 2013 - 05:33 am

NICOSIA: Gas reserves off Cyprus are nearly a third less than initially estimated but remain “substantial,” the country’s energy minister said yesterday, insisting...

Eurozone recovery gathers pace 04 Oct 2013 - 05:33 am

BRUSSELS: Eurozone business activity continued to pick up in September, hitting a 27-month high, with an improved performance from Europe’s battered south feeding...

QP unveils corporate vision 04 Oct 2013 - 04:44 am

The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada with top executives of QP after the launch of...

Oil & gas survey in Lebanon 03 Oct 2013 - 12:42 am

Workers conduct an onshore gas and oil inspection in Batroun, northern Lebanon, yesterday. Lebanon launched a survey yesterday, hoping that promising results from...

UAE bourses hire advisers for merger 03 Oct 2013 - 12:42 am

ABU DHABI/DUBAI: Abu Dhabi and Dubai have hired banks to advise on a possible merger of their two main stock exchanges, a state-backed...

Enormous opportunities in Qatar asset management: QFC Authority 03 Oct 2013 - 12:41 am

DOHA: With the volume of Assets under Management (AuM) in the Mena region multiplying over the past few years, the role of asset...

Oil prices rise despite jump in inventories 03 Oct 2013 - 12:41 am

LONDON: Oil prices rose yesterday as a weaker dollar offset official data revealing a larger-than-expected jump in US crude stockpiles, traders said. New...

European Central Bank promises to keep economy flush with liquidity 03 Oct 2013 - 12:37 am

PARIS: The European Central Bank held its key rates at all-time lows yesterday and promised to do everything possible to prevent tightening market...

US job growth lagging 03 Oct 2013 - 12:36 am

A jobs sign on the US Chamber of Commerce Building in Washington, DC. Private payrolls data released yesterday showed slow job creation for...

Philippine envoy visits Msheireb centre 03 Oct 2013 - 12:32 am

Philippine Ambassador Crescente R Relacion with staff and officials at the Mesheireb Enrichment Centre. Doha: Philippine Ambassador Crescente R Relacion visited the Msheireb...

Libyan oil exports back in days, says minister 03 Oct 2013 - 12:23 am

LONDON: Libya’s oil exports could return to full capacity in days once strikes in the restive east end, its oil minister said yesterday...