Business

QNB launches $1bn bond 08 Nov 2012 - 07:37 am

DUBAI: Qatar National Bank (QNB), the state’s largest lender, launched a $1bn bond yesterday, lead managers said, its second debt markets foray this...

Qatar, Algeria ink MoU to establish steel factory 08 Nov 2012 - 07:37 am

Algiers: Qatar and Algeria yesterday signed a Memorandum of Understanding (MoU) for establishing a steel factory with production capacity of 5 million tonnes...

HSBC Economist roadshow kicks off in Doha 08 Nov 2012 - 07:36 am

DOHA: The annual HSBC Economist Roadshow kicked off in Doha this week. Stephen King, Group Chief Economist of HSBC, David Bloom, Global Head...

Xstrata investors urged to reject Glencore bid 08 Nov 2012 - 07:35 am

LONDON: One of Britain’s leading shareholder advisory groups yesterday urged Xstrata investors to reject a $33bn takeover plan by commodities trader Glencore. Advisory...

British Safety Council offers training course 08 Nov 2012 - 07:35 am

DOHA: The British Safety Council now offers the NEBOSH International Technical Certificate in Oil and Gas Operational Safety, a new, globally-recognised training course...

European stocks retreat 08 Nov 2012 - 07:34 am

LONDON: European stock markets slid yesterday and the euro fell against the dollar as traders expected US President Barack Obama’s re-election to be...

Mideast buyers snap up luxury London homes 08 Nov 2012 - 07:33 am

LONDON: Middle Eastern buyers piled into London’s luxury home market in October as they shielded their wealth from political turmoil back home, including...

Iraq expels TPAO from project 08 Nov 2012 - 07:33 am

BAGHDAD: ExxonMobil has informed the Iraqi government it wants to pull out of a $50bn oil project, and Baghdad expelled Turkey’s state oil...

Ashghal’s Moazanah programme wins global award 08 Nov 2012 - 07:32 am

DOHA: Public Works Authority (Ashghal) is crowned with SAG 2012 award by the US based Economic and Social Research Institute (ESRI) for its...

Dubai facing $48bn debt challenge, says StanChart 08 Nov 2012 - 07:31 am

DUBAI: Dubai faces $48bn of debt maturities between 2014 and 2016 but, unlike the crisis in 2009, is better equipped to handle redemptions...

NBK named best managed firm 08 Nov 2012 - 07:31 am

DOHA: National Bank of Kuwait (NBK) was recognised as the Best Managed Company in the Middle East in the banking and finance sector...

Bahrain aims to cut govt spending by 6pc 08 Nov 2012 - 07:30 am

DUBAI: Bahrain’s government plans to cut its budget spending by almost 6 percent in 2013 as it seeks to curb its deficit, a...

Egypt sees IMF loan deal in Dec 08 Nov 2012 - 07:24 am

Egypt sees IMF loan deal in DecCAIRO: Egypt expects to reach a loan agreement with the IMF by mid-December after talks this month...

Nissan sales drop in China 07 Nov 2012 - 06:52 am

Visitors walk by cars displayed at the showroom of Nissan Motor Co global headquarters in Yokohama, south of Tokyo, yesterday. Nissan announced its...

Credit Suisse, Qatar in asset management JV 07 Nov 2012 - 06:51 am

DUBAI: Credit Suisse and Qatar’s sovereign wealth fund have set up an asset management joint venture as the gas-rich Gulf state looks to...

New South African notes 07 Nov 2012 - 06:50 am

New South African bank notes that show the face of former president Nelson Mandela are seen at a shop in Pretoria, South Africa,...

ADIB to issue hybrid sukuk this week 07 Nov 2012 - 06:49 am

DUBAI: Abu Dhabi Islamic Bank (ADIB) is set to become the first Gulf Arab company to issue a hybrid Islamic bond this week,...

NetOil shows interest in French refinery 07 Nov 2012 - 06:49 am

PARIS: Dubai-based NetOil, led by Middle Eastern businessman Roger Tamraz, has submitted a new offer to take over France’s oldest refinery, unveiling a...