Business

Gold rebounds above $1,700 26 Oct 2012 - 04:18 am

NEW YORK: Gold rose above $1,700 an ounce yesterday, a day after it fell under that, in reaction to encouraging United Kingdom GDP...

Qatar eyes major stakes in seven European banks 26 Oct 2012 - 04:18 am

DOHA: Qatar is considering buying major stakes in investment banks in Europe. Negotiations are underway with seven banks suffering from accumulated financial crises...

Microsoft unveils Windows 8, new tablet 26 Oct 2012 - 04:17 am

NEW YORK: Microsoft unveiled a revamped version of its flagship Windows system yesterday designed for increasingly mobile consumers and previewed Surface, its entry...

Qatar Navigation nets QR637.4m profit in 9 months 26 Oct 2012 - 04:16 am

DOHA: Qatar Navigation (Milaha) has recorded a net profit of QR637.4m for the nine months period ended September 30, 2012, an increase of...

European stocks mixed, sterling gains 26 Oct 2012 - 04:15 am

LONDON: European stock markets posted mixed results yesterday but the pound gained ground after data showed that Britain had marched smartly out of...

South African strikes ease as gold mine pay deal reached 26 Oct 2012 - 04:14 am

JOHANNESBURG: South Africa’s gold mines agreed a wage deal with unions yesterday as the bulk of the gold sector’s striking miners returned to...

Brent crude edges higher 26 Oct 2012 - 04:13 am

NEW YORK: Brent crude futures edged higher in choppy trading yesterday, lifted by economic data, but gains were limited by rising oil inventories...

UDC okays financing contract revision 26 Oct 2012 - 04:12 am

DOHA: The United Development Company, in line with the Company’s Board of Director’ decision, has approved the revision of the financing contract between...

Moving listening room 25 Oct 2012 - 05:10 am

Journalists look at Mitsuoka Motors’ special edition 1200-cc classic sedan car, ‘Viewt OTTAVA’ during its press preview in Tokyo yesterday. With a collaboration...

Finance sector share in Qatar GDP up 14.5pc 25 Oct 2012 - 05:10 am

DOHA: The contribution of Qatar’s “Finance, insurance, real estate and business services” sector to the country’s GDP grew at an average rate of...

Egypt turns to Algeria, Qatar for more gas 25 Oct 2012 - 05:09 am

CAIRO: Egypt, a gas producer and exporter, has agreed to import Algerian gas and is in talks with Qatar for a similar deal,...

US oil prices hit lowest since July 25 Oct 2012 - 05:09 am

LONDON: Global oil prices fell yesterday, with New York crude hitting the lowest level since July, as surging US crude stocks and weak...

Ezdan Holding Group records QR261m net profit 25 Oct 2012 - 05:09 am

DOHA: Ezdan Holding Group has disclosed the interim financial statements for the period ending September 30, 2012. The financial statements revealed a net...

US sues Bank of America over ‘Hustle’ mortgage fraud 25 Oct 2012 - 05:08 am

New york: The United States filed a civil mortgage fraud lawsuit against Bank of America Corp accusing it of selling thousands of toxic...

Qatar Exchange index drops 0.23 percent this week 25 Oct 2012 - 05:08 am

DOHA: The Qatar Exchange index lost 19.82 points or 0.23 percent during this week to close at 8,516.31 points as the bourse closed...

Abu Dhabi Exchange 25 Oct 2012 - 05:07 am

An investor monitors a stock exchange information screen at the ADX Abu Dhabi Securities Exchange stock market yesterday.

Workshop discusses QBI prospects 25 Oct 2012 - 05:07 am

DOHA: Award-winning SMEs organisation, Qatar Development Bank (QDB), and Social Development Centre (SDC), member of Qatar Foundation, have recently organised a stakeholders’ workshop...

Amwal to launch asset management, investment advisory services at QFC 25 Oct 2012 - 05:06 am

DOHA: Amwal QSC, a leading Qatari investment firm, is launching its asset management and investment advisory services at the Qatar Financial Centre (QFC),...