Business

Qatar bans import, trade of steel below grade 500 27 Dec 2012 - 09:37 am

DOHA: Qatar has banned the import and trade of construction steels below grade 500 to increase the quality of the building materials in...

Ratan Tata hands over reins of empire 27 Dec 2012 - 09:36 am

MUMBAI: Indian industrialist Ratan Tata retires on his 75th birthday this week, handing over the reins of his sprawling business empire after decades...

Hong Kong airport sets record 27 Dec 2012 - 09:34 am

A Cathay Pacific Airways jetliner takes off from Hong Kong International Airport, in Hong Kong, yesterday. A total of 1,081 flight movements were...

Qatari bourse index loses 53.77 points 27 Dec 2012 - 09:34 am

Doha: Qatar Exchange index continued its losing streak yesterday dropping 53.77 points or 0.64 percent to 8,327.38 points from the previous closing of...

UAE bad loan provisions drop first time since crisis 27 Dec 2012 - 09:33 am

DUBAI: Outstanding provisions for bad loans set aside by banks in the United Arab Emirates fell in October for the first time since...

UK moves up in economic league table 27 Dec 2012 - 09:33 am

London: Britain moved up to sixth in the global economic league table in 2012, overtaking Brazil despite a year of flatlining activity. A...

Iraq mobile firm aims to raise $1.23bn in IPO 27 Dec 2012 - 09:32 am

Baghdad:Iraq’s second-biggest mobile operator Asiacell aims to raise $1.23bn in an initial public offering next month, it said, after pressure from Baghdad’s media...

Air Arabia takes delivery of sixth A320 this year 27 Dec 2012 - 09:32 am

Doha: Air Arabia, the first and largest low cost carrier in the Middle East and North Africa, announced yesterday that it has taken...

Ahli Bank, QIMC and Indian firm sign pact 26 Dec 2012 - 01:19 am

Abdul Rahman Al Ansari (third left), CEO, Qatar Industrial Manufacturing Company (QIMC); Mahmoud Malkawi (fourth left), Acting CEO, Ahli Bank (Ahli); and Hemant...

Qatar Insurance Group to set up holding firm 26 Dec 2012 - 01:19 am

DOHA: Qatar Insurance Group will set up a Holding Company to further expand the Group’s existing operations in both insurance and non-insurance sectors....

Worried Egypt slaps new controls on travelling with cash 26 Dec 2012 - 01:18 am

CAIRO: Egypt has banned travellers from carrying more than $10,000 in foreign currency in or out of the country, as officials worry over...

Qatar Exchange index down 0.11pc 26 Dec 2012 - 01:17 am

An investor looks at a computer screen in front of an electronic board showing stock information at a brokerage house in Hefei, Anhui...

Asiacell plans to raise $1.35bn from IPO; offer starts on Jan 3 26 Dec 2012 - 01:17 am

DUBAI: Iraq’s Asiacell, a unit of Qatar Telecom, said it planned to raise at least $1.35bn by floating 25 percent of its share...

Milaha unit gets $95m financing from QIIB 26 Dec 2012 - 01:16 am

DOHA: Milaha Maritime and Logistics, a subsidiary of Milaha, secured financing “Ijara” of $95m from Qatar International Islamic Bank (QIIB). The funds will...

Mitsubishi offices in Japan inspected over latest recall 26 Dec 2012 - 01:15 am

TOKYO: Dozens of transport ministry officials inspected Mitsubishi Motors’ offices across Japan yesterday after the automaker last week widened a recall to about...

Toyota unveils Crown 26 Dec 2012 - 01:14 am

Japan’s auto giant Toyota Motor President Akio Toyoda introducing the company’s flagship sedan “Crown” in Tokyo yesterday.

Russia unveils $25bn oil link to the Pacific 26 Dec 2012 - 01:13 am

MOSCOW: Russian President Vladimir Putin yesterday unveiled the final extension of a new $25bn oil pipeline to the Pacific that underscores the energy...

Sudan pound hits record low against dollar 26 Dec 2012 - 01:09 am

KHARTOUM: Black market rates for the Sudanese pound hit a record low against the dollar on the black market yesterday as importers struggled...