Business

ECB to help languishing eurozone economy 05 Apr 2013 - 05:20 am

FRANKFURT: European Central Bank President Mario Draghi opened the door yesterday to an interest rate cut as soon as next month, saying his...

GOIC offers $62m Saudi investment opportunities 05 Apr 2013 - 05:20 am

Doha: The Doha-based Gulf Organisation for Industrial Consulting (GOIC) has offered five investment opportunities worth SR232.5m ($62m) in Saudi Arabia. These investments will...

Oman, UAE firms to help meet domestic cement needs 05 Apr 2013 - 05:20 am

DOHA: Cement production in the country is forecast to be inadequate to meet Qatar’s future demand, and is likely to result in supply...

Saudi sells stake in IILM 05 Apr 2013 - 05:18 am

KUALA LUMPUR/DUBAI: Saudi Arabia’s central bank has sold its shareholding in the International Islamic Liquidity Management Corp (IILM), an unexpected blow to a...

Airbus challenges Boeing for top place in orders 05 Apr 2013 - 05:18 am

PARIS: European planemaker Airbus looks set to challenge Boeing for top place in the order race in the first quarter after falling behind...

Region’s bourses end in a high note 05 Apr 2013 - 05:18 am

Doha/DUBAI: Qatar Exchange pursued its upswing trend yesterday, adding 8.23 points (or 0.10 percent) to advance to 8,576.86 points from 8,568.63 on Wednesday....

Cyprus bankers protest over pension fears 05 Apr 2013 - 05:16 am

NICOSIA: Bank workers in bailed out Cyprus staged a work stoppage yesterday over fears that pensions may be at risk, as more details...

US issues new oil rig safety rules 05 Apr 2013 - 05:11 am

WASHINGTON: The US Interior Department yesterday laid out its latest requirements to enhance safety for offshore oil and gas drillers, as the government...

Hassad buys Indian basmati rice firm 04 Apr 2013 - 01:54 am

Chairman of Hassad Food, Nasser Al Hajri (centre) with the Managing Director of Bush Foods Overseas, Virkran Awasty, (left) and Ambassador of Qatar...

SIIL given green light to start share trading 04 Apr 2013 - 01:54 am

DOHA: The Court of Cassation has stayed the execution of the judgment of Court of Appeal that nullified Salam International Investment Limited’s (SIIL)...

Volkswagen in legal row with former Qatari partner 04 Apr 2013 - 01:54 am

BERLIN: Volkswagen is in a legal dispute with former Qatari distributor Saad Buzwair Automotive (SBA) over the cancellation of import licences, the German...

Ooredoo secures $1bn revolving credit facility 04 Apr 2013 - 01:53 am

DOHA: Ooredoo has signed a $1bn four-year revolving credit facility. The facility will be used for general corporate purposes including the partial refinancing...

Mazaya to invite tenders for Marina Mall 04 Apr 2013 - 01:47 am

CEO of Mazaya Qatar, Seraj Al Baker & A computer graphic image of the ambitious 57,605 sqm Marina Mall project. BY MOHAMMAD SHOEB...

Qatar Exchange continues upswing trend 04 Apr 2013 - 01:47 am

Doha/DUBAI: Qatar Exchange pursued its upswing trend yesterday, adding 19.51 points (or 0.23 percent) to advance to 8,568.63 points from 8,549.12 on Tuesday....

CNPC, Petronas eye Angola oil fields 04 Apr 2013 - 01:45 am

HONG KONG/SINGAPORE: China National Petroleum Corp (CNPC) and Malaysia’s Petronas are considering bids for Marathon Oil Corp’s stakes in two Angolan offshore oil...

Bahrain halts telecom spectrum auction as operator appeals 04 Apr 2013 - 01:43 am

DUBAI: Bahrain’s telecom regulator is locked in a dispute with a wireless broadband operator that has halted the sale of radio spectrum for...

Top Abu Dhabi lender names CEO with Asian experience 04 Apr 2013 - 01:43 am

ABU DHABI: National Bank of Abu Dhabi named the banker who led Australia and New Zealand Banking Group’s push into Asia as its...

New Cypriot FM vows to revive economy 04 Apr 2013 - 01:43 am

NICOSIA: The new finance minister of cash-strapped Cyprus yesterday vowed to do “whatever it takes” to sort out the EU country’s teetering finances...