Business

Public spending will boost diversification 09 Apr 2013 - 12:56 am

Doha: Qatar’s preliminary full year 2012 GDP data, which was released at the end of March showed that real GDP grew 6.2 percent,...

QDB wins accolades for supporting SMEs 09 Apr 2013 - 12:55 am

Chief Executive Officer of CPI Financial, Adam Broom, presenting the coveted award to QDB’s Executive Director for Strategic Planning and Control Abdulaziz Al...

Islamic Holding Group profits surge to QR2.106m 09 Apr 2013 - 12:53 am

DOHA: Islamic Holding Group disclosed its financial results for the period ended on March 31 following the meeting of the Company’s Board of...

S&P affirms Doha Bank’s credit ratings 09 Apr 2013 - 12:51 am

PARIS: Standard & Poor’s Ratings Services yesterday said that it had affirmed its ‘A-/A-2’ long- and short-term counterparty credit ratings on Qatar-based Doha...

GE boosts presence in oil business 09 Apr 2013 - 12:50 am

A man walks past a Lufkin oil drilling pump in McKenzie County outside Williston, North Dakota. General Electric Co said it will buy...

New shipments allay Britain’s LNG concerns 09 Apr 2013 - 12:50 am

LONDON: British prompt gas prices retreated yesterday as surging supplies and warming weather alleviated concerns that abnormally high demand would empty the last...

Etisalat unblocks Skype 09 Apr 2013 - 12:50 am

DUBAI: The UAE’s top telecom operator Etisalat has stopped blocking the website of Skype, the world’s No.1 Internet-based phone call provider, although the...

Saudi banks help lift index; Qatar slides 09 Apr 2013 - 12:49 am

DOha/DUBAI: Saudi Arabia’s banks helped lift the bourse yesterday after two lenders posted estimate-beating earnings, while other regional markets also gained as bargain-hunters...

China, Australia to allow direct currency trade 09 Apr 2013 - 12:49 am

SHANGHAI: China and Australia will begin direct conversion of their currencies in a sign of growing business links, Australian Prime Minister Julia Gillard...

Ezdan Mall to open doors on April 15 09 Apr 2013 - 12:48 am

DOHA: Ezdan Mall at Gharafa, the first mall to be launched by Ezdan Holding Group, is all set to open its doors for...

Ashton seeks consensus on Egypt economy 08 Apr 2013 - 04:45 am

Egyptian President Mohammed Mursi (centre) meeting with EU foreign policy chief Catherine Ashton in Cairo, yesterday. CAIRO: The European Union’s foreign policy chief...

Weekly Money Market Review with IBQ: ECB will not print money as economic weakness intensifies 08 Apr 2013 - 04:45 am

Only when you think you have seen it all, the market pushes you back into humility. Indeed, the meeting of the Bank of...

India PM urges businesses to ‘keep the faith’ 08 Apr 2013 - 04:43 am

NEW DELHI: India’s government is appealing to corporate leaders to “keep the faith” as it struggles to revive a staggering economy, but the...

Lagarde says euro has ‘solid future’ 08 Apr 2013 - 04:42 am

Australian Prime Minister Julia Gillard (second left) speaks with Chinese President Xi Jinping (second right) in Boao, Hainan province, yesterday. State and government...

BoJ ushers in ‘easy money’ era, but questions abound 08 Apr 2013 - 04:42 am

TOKYO: The Bank of Japan’s (BoJ) huge new easing measures mark its boldest bid yet to vanquish growth-sapping deflation, but observers warn there...

Luxembourg says willing to ease banking secrecy 08 Apr 2013 - 04:42 am

BERLIN: Luxembourg is prepared to ease its banking secrecy rules and work more closely with foreign tax authorities, Finance Minister Luc Frieden (pictured)...

France expects 0.1pc growth 08 Apr 2013 - 04:41 am

PARIS: French Finance Minister Pierre Moscovici yesterday said that France’s economy was expected to grow just 0.1 percent this year, revising downward an...

Etihad Q1 passenger revenues up 19pc 08 Apr 2013 - 04:41 am

ABU DHABI: Etihad Airways said passenger revenues rose 19 percent in the first quarter as Abu Dhabi’s flagship carrier expanded globally through partnership...