Business

ECB to monitor impact of euro strength 09 Feb 2013 - 12:58 am

FRANKFURT: The European Central Bank will monitor the economic impact of a strengthening euro, ECB President Mario Draghi said yesterday, feeding expectations the...

India’s annual GDP growth to slide to 5pc 09 Feb 2013 - 12:57 am

MUMBAI: India’s government said that the economy will likely register its slowest annual growth in a decade and expand just 5 percent in...

RBS fined $612m to settle Libor probe 07 Feb 2013 - 06:43 am

A Royal Bank of Scotland branch in London, Britain, yesterday. LONDON: State-rescued Royal Bank of Scotland will pay fines totalling $612m (¤453m) to...

Shale energy unlikely to influence commodity market in long term 07 Feb 2013 - 06:41 am

Gary Dugan, Managing Director and Chief Investment Officer, Asia & Middle East, Coutts, speaking to The Peninsula. shaival Dalal By Satish Kanady DOHA:...

Investors richer by QR17bn on QE this year 07 Feb 2013 - 06:41 am

DOHA: Qatari stocks continue with the gains they made last month after having witnessed a 4.79 percent slump in 2012 that was mainly...

$38bn worth of opportunities for investors: Qatar Rail CEO 07 Feb 2013 - 06:41 am

DOHA: Qatar Rail CEO Saad Al Muhannadi has said that a report it had commissioned from McKinsey has highlighted $38bn worth of investment...

Ezdan Holding Group’s net profit rises to QR408.7m 07 Feb 2013 - 06:22 am

Doha: Ezdan Holding Group’s audited net profit of QR408.7m for the financial year ended December 31, 2012, is an increase by 18.32 percent...

Most European stock markets slump 07 Feb 2013 - 06:21 am

A woman walks in front of a share price board in Tokyo, yesterday. Tokyo’s benchmark Nikkei 225 index soared more than 3 percent...

Euro not currently overvalued, says Germany 07 Feb 2013 - 06:20 am

BERLIN: The euro is not currently overvalued and exchange rates should not be used to try and boost competitiveness, the German government said...

UDC nets QR850m profit for 2012 07 Feb 2013 - 06:19 am

Hussein Al Fardan & Ebrahim Al Sulaiti DOHA: United Development Company (UDC) has recorded another strong performance with reported revenue of QR2.73bn for...

Qatari bourse index rises by 0.25 percent 07 Feb 2013 - 06:18 am

Doha: Qatar Exchange pursued its upswing trend yesterday, adding 21.69 points (or 0.25 percent) to advance to 8,769.20 points from 8,747.51 on Tuesday....

QIMC assets increase by QR1.53bn 07 Feb 2013 - 06:18 am

DOHA: The Qatar Industrial Manufacturing Company (QIMC) has recorded a net profit of QR208.2m in 2012, compared to QR206.2m in 2011.The 2012 full...

Sultan Qaboos takes economic policy to people 07 Feb 2013 - 06:17 am

MUSCAT: On a cold, hazy morning in the desert outside the northern town of Bahla last week, Oman’s ruler told a group of...

Egypt sells fewer dollars at auction, pound inches up 07 Feb 2013 - 06:17 am

CAIRO: Egypt’s central bank sold fewer dollars to banks yesterday than in a previous auction and the pound gained for the second time...

ASDA’A Burson-Marsteller to spearhead Beiersdorf’s PR 07 Feb 2013 - 06:16 am

Doha: Beiersdorf, best known as the company behind the world’s No. 1 skincare brand Nivea, has announced the appointment of ASDA’A Burson-Marsteller to...

North Gate project wins International Property Award 07 Feb 2013 - 06:16 am

DOHA: The North Gate project, currently under construction and represented by local Qatari company “Equinox SPC”, has won the “Best Retail Architecture 2012...

Qtel’s Asiacell IPO fully subscribed 07 Feb 2013 - 06:11 am

DOHA: Qtel’s subsidiary Asiacell has announced the successful completion of its share offer. The offering raised $ 1.27bn, representing 25 percent of its...

Qatalum inks supply deals with ALUNOOR, Qatar Aluminium 06 Feb 2013 - 07:20 am

Officials from Qatalum, Qatar Aluminium Extrusion and ALUNOOR during the signing ceremony. Doha: Qatalum, the Qatari aluminium smelter, has announced the signing of...