Business

ExxonMobil to boost capital spending 07 Mar 2013 - 06:45 am

NEW YORK: US oil giant ExxonMobil yesterday outlined a massive capital spending program that it projected would lead to annual output increases of...

European stocks hit highest since 2008 crisis 07 Mar 2013 - 06:44 am

Traders work on the floor of the New York Stock Exchange yesterday. LONDON: European stock markets rose to their highest since the 2008...

UAE bourses buck regional uptrend 07 Mar 2013 - 06:43 am

DUBAI: Egypt’s bourse lifted from an 11-week low yesterday as bargain hunters returned after two sessions of heavy selling, while UAE markets fell...

China studying new fuel pricing scheme 07 Mar 2013 - 06:43 am

Beijing: China’s top economic planner yesterday said the country is studying a new fuel pricing scheme to make it reflect the global markets’...

Government should split RBS into two: BoE boss 07 Mar 2013 - 06:43 am

LONDON: Bank of England Governor Mervyn King yesterday said that the British government should split the Royal Bank of Scotland into “good” and...

Thomas Cook axes 2,500 UK jobs 07 Mar 2013 - 06:43 am

LONDON: Travel firm Thomas Cook yesterday said that it will axe 2,500 jobs in Britain, mostly in administration functions and its retail network,...

Asians investing more in Qatar, says report 06 Mar 2013 - 01:38 am

By Satish Kanady DOHA: Asians outnumber Arab nationals in foreign investments in Qatar. The share of Asian investments in the businesses in Qatar...

UDC gets new chairman 06 Mar 2013 - 01:30 am

Sheikh Ahmed bin Nasser bin Faleh Al Thani (left) and Turki Mohammed Khaled Al Khater. DOHA: United Development Company (UDC) yesterday announced Sheikh...

QCB’s real estate index suggests stable market 06 Mar 2013 - 01:30 am

DOHA: An update on Qatar Central Bank’s (QCB) recently-launched real estate price index indicates that the country’s real estate sector has been largely...

GWC board of directors okays 20pc bonus shares 06 Mar 2013 - 01:29 am

FROM LEFT: Henadi Al Saleh, Jassim J Al Rimaihi, Abdulaziz Zeid Al Taleb, Ahmed Mubarak Naser Al Ali Al Mahdid, Mohammed Ismail Al...

21 hotels to come up by 2017 06 Mar 2013 - 01:28 am

DOHA: Qatar has lined up a total of 21 new hotels for the next five years as part of adding up 45,000 additional...

Dubai Islamic Bank to boost Tier 1 capital via sukuk sale 06 Mar 2013 - 01:28 am

DUBAI: Dubai Islamic Bank (DIB) plans to boost its capital through the sale of a shariah-compliant debt instrument, which would become only the...

Zain’s deputy CEO resigns 06 Mar 2013 - 01:27 am

DUBAI: The deputy chief executive of Kuwait's top telecom operator Zain has resigned, the company said in a statement to the local bourse. ...

Dubai Islamic Bank to boost Tier 1 capital via sukuk sale 06 Mar 2013 - 01:27 am

DUBAI: Dubai Islamic Bank (DIB) plans to boost its capital through the sale of a shariah-compliant debt instrument, which would become only the...

Muntajat ready to market Qafco products 06 Mar 2013 - 01:26 am

From left: The Minister of Energy and Industry and Chairman of the Board of Directors of Muntajat, H E Dr Mohammed bin Saleh...

QFIB hosts Saudi reception for key stakeholders 06 Mar 2013 - 01:25 am

QFIB board members during their visit to Aramco. Doha: Qatar First Investment Bank (QFIB), Qatar’s first independent Shariah compliant bank regulated by Qatar...

QInvest boosts investment banking with new director 06 Mar 2013 - 01:21 am

From left: QInvest CEO, Tamim Hamad Al Kawari, and QInvest new Director, Nasser Abdullah Al Mahmoud. DOHA: QInvest, Qatar’s leading investment bank, as...

Standard Chartered profits steady despite US fine 06 Mar 2013 - 01:21 am

Hong Kong: Standard Chartered yesterday said its net profit was flat in 2012, even after the British lender was hit by huge fines...