Business

World shares steady as euro hits 11-month high 15 Jan 2013 - 01:13 am

LONDON: The euro hit an 11-month high against the dollar yesterday as fading prospects of an interest rate cut in Europe bolstered demand,...

Austrian Airlines stops flying to Tehran 15 Jan 2013 - 01:13 am

VIENNA: Austrian Airlines yesterday said that it has stopped flying to Tehran because of the economic situation in Iran. The subsidiary of German...

Iran may bid for Turkish gas grid 15 Jan 2013 - 01:12 am

ISTANBUL: Iran’s national gas company may bid for a Turkish natural gas distributor and has sought the preliminary documents in the privatisation tender,...

China to hike foreign investment quota 15 Jan 2013 - 01:08 am

Hong Kong: China could increase 10-fold the quota for foreign investors putting money into the country’s stock markets, the head of its securities...

QNB shares suffer largest one-day drop 15 Jan 2013 - 01:07 am

DOHA: Shares in Qatar National Bank (QNB) made their largest one-day drop in 12 months yesterday as investors reacted to flat profit growth...

Morgan to cut Dubai staff 15 Jan 2013 - 01:07 am

DUBAI: Morgan Stanley Inc, the sixth-largest US bank by assets, is trimming staff at its Dubai office, mainly by cutting jobs in its...

BofA to increase Gulf lending as deal making recovers 15 Jan 2013 - 12:32 am

DUBAI: Bank of America Merrill Lynch (BofA) plans to increase lending to businesses in the Middle East as oil-rich Gulf investors show more...

QNB Group assets rise 21.5pc to QR367bn 14 Jan 2013 - 01:12 am

H E Yousuf Hussein Kamal, the Minister of Finance and Economy and QNB Group Chairman & Ali Shareef Al Emadi, QNB Group CEO...

Qatar sets the benchmark for GTL industry 14 Jan 2013 - 01:10 am

Hamad Rashid Al Mohannadi, Managing Director, RasGas Company, officially opening the World GTL Congress at St. Regis Hotel Doha yesterday. RIGHT: A section...

Al Baker highlights initiatives in cleaner fuel 14 Jan 2013 - 01:08 am

Akbar Al Baker, Chief Executive Officer, Qatar Airways, delivering a keynote speech at the Congress. Kammutty VP DOHA: Qatar Airways Chief Executive Officer...

QIB to launch Aamaly to support SMEs 14 Jan 2013 - 01:07 am

DOHA: Qatar Islamic Bank (QIB), the largest Islamic bank in Qatar, is launching a new programme aimed specifically at providing special services to...

Exports of GTL naphtha to increase: Tasweeq CEO 14 Jan 2013 - 01:06 am

DOHA: With a full operating capacity of Pearl GTL Train2, exports of Pearl GTL naphtha are expected to increase to over one million...

UAE central bank plans broad mortgage rules by mid-2013 14 Jan 2013 - 01:06 am

ABU DHABI: The central bank of the United Arab Emirates plans to issue broad regulations governing the housing mortgage industry by the middle...

Brash Brands puts Seef Lusail on map 14 Jan 2013 - 01:05 am

Officials shaking hands in Doha. DOHA: Brash Brands has announced its latest brand launch Seef Lusail, an exciting new destination brand. The partnership...

Doha Bank Board decides to increase share capital 14 Jan 2013 - 01:04 am

Sheikh Fahad bin Mohammad bin Jabor Al Thani DOHA: Doha Bank’s Board of Directors has discussed the instruments of the proposed 50 percent...

Qatar Airways confirms selling 35 percent Cargolux stake 14 Jan 2013 - 01:04 am

DOHA: Qatar Airways has sold its entire 35 percent stake in freight-only airline Cargolux, the chief executive of Qatar Airways confirmed yesterday. “We...

Qatari bourse index dips by 1.1 percent 14 Jan 2013 - 01:04 am

Doha: Qatar Exchange was down 96.98 points or 1.10 percent to 8,684.72 points yesterday from the previous closing of 8,781.70 points. Among the...

Kuwait’s budget surplus at $52bn 14 Jan 2013 - 01:03 am

KUWAIT: Kuwait’s government budget surplus stood at 14.7bn dinars ($52bn) in the first eight months of its fiscal year thanks to strong oil...