Business

Family firms urged to go public 30 Jan 2013 - 01:41 am

DOHA: Rashid Al Mansoori, CEO of Qatar Exchange (QE), has called on the family businesses to become active players in Qatar’s capital market....

RBI cuts rates first time in nine months 30 Jan 2013 - 01:40 am

MUMBAI: India’s central bank cut interest rates yesterday for the first time in nine months and reduced the amount of cash banks must...

Qatar housing market set for strong growth: Report 30 Jan 2013 - 01:40 am

Doha: The market for leasing homes in Qatar is likely to show strong signs of growth in 2013 and 2014 as major infrastructure...

Tasdeer launches Exim Link export-import matchmaker 30 Jan 2013 - 01:39 am

Doha: Qatar Development Bank’s Qatar Export Development Agency, Tasdeer, recently launched another export-driven initiative, the Exim Link, to provide non-oil Qatari exporters with...

Samsung draws US wrath 30 Jan 2013 - 01:39 am

A plant of Samsung Total Petrochemicals in Seosan, about 150km south of Seoul, yesterday. The US played down the company’s purchase of Iranian...

‘Made in France’ test 30 Jan 2013 - 01:37 am

Customers look at shelves with ‘Made in France’ products yesterday in a Leclerc hypermarket in Lanester, western France. The distribution group Leclerc tests...

Qatari bourse index adds 24.5 points 30 Jan 2013 - 01:37 am

Doha: Qatar Exchange index pursued its upswing trend yesterday, adding 24.50 points or 0.28 percent to advance to 8,689.69 points from 8,665.19 on...

Iraq, Eni in talks to cut Zubair output 30 Jan 2013 - 01:37 am

BASRA: A group led by Italy’s Eni is in final talks with Iraq to cut the production target of Zubair oilfield to one...

Bahrain set to auction radio spectrum 30 Jan 2013 - 01:36 am

DUBAI: Bahrain is to auction radio spectrum for next-generation networks, a move that could seen new players enter the market and should see...

Mubadala to launch $2bn refinancing 30 Jan 2013 - 01:36 am

DUBAI: Abu Dhabi state investment fund Mubadala expects to cut the cost of a $2bn refinancing it will unveil next week by promising...

NBAD quarterly profit surpasses estimates 30 Jan 2013 - 01:35 am

ABU DHABI: National Bank of Abu Dhabi, the UAE’s largest lender by market value, posted a 55-percent rise in fourth-quarter net profit, beating...

Hungary looks to Qatar to meet energy needs 29 Jan 2013 - 12:52 am

H E Dr Mohammed bin Saleh Al Sada and Peter Szijjarto exchanging documents at the signing ceremony yesterday. DOHA: Hungary is eyeing Qatar...

Qatar to issue bonds: IMF official 29 Jan 2013 - 12:52 am

DUBAI: Qatar plans to issue local currency sovereign bonds with three- and five-year maturities this year as part of efforts to build a...

Myanmar secures nearly $6bn debt relief from international lenders 29 Jan 2013 - 12:51 am

YANGON: Myanmar yesterday hailed a deal with international lenders to cancel nearly $6bn of its debt, another milestone in the rapid transformation of...

Apicorp, Natixis to syndicate $200m loan for Glencore, Samir 29 Jan 2013 - 12:51 am

DOHA: Arab Petroleum Investments Corporation (Apicorp), the multilateral development bank owned by the 10 nations of the Organisation of Arab Petroleum Exporting Countries...

Qatar Chamber plans annual meet for SMEs 29 Jan 2013 - 12:50 am

Remy Rowhani BY MOHAMMAD SHOEB DOHA: Qatar Chamber (QC), as part of its efforts to provide impetus to small and medium-sized businesses, is...

CAT profit plunges 29 Jan 2013 - 12:49 am

CAT machines on a lot at Milton CAT in North Reading, Massachusetts. Caterpillar Inc, the world’s largest maker of construction equipment, reported a...

Risk management needs more focus: Survey 29 Jan 2013 - 12:49 am

DOHA: The findings of a major global Audit Committee Survey, conducted by global audit, tax and advisory firm, KPMG, found risk management and...