Business

Qatari bourse index down by 0.45 percent 05 Nov 2012 - 06:37 am

Doha: Qatar Exchange fell by 38.78 points or 0.45 percent to 8,564.84 points yesterday from the previous closing of 8,603.62 points. Among the...

US fiscal cliff, EU debt woes worry G20 05 Nov 2012 - 06:34 am

MEXICO CITY: Finance chiefs of the world’s 20 leading economies are ringing alarm bells over the US fiscal cliff and Europe’s debt woes...

Weekly Money Market Review with IBQ: Strong US dollar, albeit Sandy 05 Nov 2012 - 06:31 am

Markets started the week relatively slow, as Hurricane Sandy devastated the Northern East Coast of the United States. The storm disrupted transportation and...

After Hurricane Sandy, commodities switch focus to elections 05 Nov 2012 - 06:29 am

By Ole Hansen (Head of Commodity Strategy, Saxo Bank) Financial and commodity markets will be presented with a multitude of event risks over...

Shanghai, Beijing lure investors 04 Nov 2012 - 07:58 am

A construction site in Beijing. Real estate investors are returning to Shanghai and Beijing after two years in which they concentrated on provincial...

European bank lending in Qatar falls 19pc 04 Nov 2012 - 07:58 am

By Satish Kanady DOHA: The lending from European banks is falling significantly in Qatar and in other GCC countries as well. Qatar saw...

QNB provides 4.5pc for land financing with no payments for 6 months 04 Nov 2012 - 07:57 am

Doha: QNB, the leading financial institution in Qatar, and the Mena region, has announced the launch of a new campaign in which the...

Commodity prices diverge on Sandy, US jobs data 04 Nov 2012 - 07:57 am

LONDON: Commodity prices diverged this week with markets impacted by superstorm Sandy and strong Chinese and US economic data ahead of next week’s...

Spurt in Iraq oil exports buoys government bonds 04 Nov 2012 - 07:56 am

DUBAI: Iraqi bond yields fell more than three times as much as the average on Middle Eastern debt as Opec’s second-biggest producer pumped...

Vale partner says Guinea seeks to seize iron ore rights 04 Nov 2012 - 07:55 am

DAKAR/LONDON: The mining arm of Israeli billionaire Beny Steinmetz’s business empire has accused the government of Guinea of seeking to “illegally seize” its...

Qatar plans $30bn tenders in 2013-14 04 Nov 2012 - 07:54 am

DOHA: Qatar will see an upsurge in project tenders and awards in the next two years, as the country enters the next crucial...

Hindujas near $1.1bn deal to buy US chemical firm 04 Nov 2012 - 07:54 am

NEW DELHI: India’s Hinduja Group is close to acquiring US oils and chemicals firm Houghton for $1.1bn as the family-owned conglomerate seeks a...

Guinea, UAE sign bauxite supply deal 04 Nov 2012 - 07:54 am

DUBAI: Compagnie des Bauxites de Guinee (CBG) signed a long-term supply agreement with the United Arab Emirates for bauxite, the main raw material...

Debt crisis to overshadow Asem summit in Laos 04 Nov 2012 - 07:53 am

BANGKOK: Debt-laden Euro-pean nations will lobby Asia’s economic dynamos for help to calm the crisis raging in the eurozone at a major summit...

Croatia pipeline woe 04 Nov 2012 - 07:52 am

ZAGREB: Croatian President Ivo Josipovic yesterday voiced regret that Gazprom’s South Stream pipeline, an investment worth several hundred million euros, would not pass...

Apple launches new iPad mini 03 Nov 2012 - 05:55 am

ROME: Shoppers got their hands on Apple’s new iPad mini yesterday, launched with less fanfare than previous incarnations amid talk it might have...

US adds 171,000 jobs in October 03 Nov 2012 - 05:55 am

WASHINGTON: The United States added 171,000 jobs in October, far more than expected, while the unemployment rate edged up to 7.9 percent, the...

Turkey signs $350m Iraq oil drilling deal 03 Nov 2012 - 05:53 am

ANKARA: Turkey has signed a $350m deal on drilling 40 oil wells in the southern Iraqi Basra area and is in talks with...