Business

UAE sets royalty rates for telecom firms 11 Dec 2012 - 01:46 am

DUBAI: The United Arab Emirates has set new tax, or royalty, rates for telecom operators in a move seen designed to protect state...

Qatar issued $25bn sukuk this year 11 Dec 2012 - 01:45 am

Sheikh Mohamed bin Hamad bin Jassim Al Thani and Dr Yousuf Al Qaradawi attending conference on Islamic banking and finance. DOHA: Qatar has...

Syria economy to shrink 20pc: IIF 11 Dec 2012 - 01:44 am

BEIRUT: War-ravaged Syria’s economy will shrink by a fifth in 2012 and all its foreign reserves could be spent by the end of...

Premier to open Euromoney Qatar Central Bank conference 11 Dec 2012 - 01:43 am

Doha: In a combined effort to tackle the challenges of the recent global downturn, some of the world’s leading financiers and representatives of...

QP staff celebrate Refinery Day 11 Dec 2012 - 01:38 am

Qatar Petroleum refinery staff during the celebration. Doha: For the third consecutive year Qatar Petroleum refinery staff in Mesaieed took part in an...

Islamic banking assets to cross $1.8 trillion 11 Dec 2012 - 01:38 am

Dubai: Global Islamic banking assets held by commercial banks are set to cross $1.8 trillion in 2013, up from the $1.3 trillion of...

QBA launches Qatar Construction Guide 11 Dec 2012 - 01:33 am

BY MOHAMMAD SHOEB DOHA: With Qatar gearing up to establish major infrastructure related projects of worth $150bn during the next six years to...

Falcon eyes more buys after Clariden deal 11 Dec 2012 - 01:32 am

DUBAI: Falcon Private Bank, the Abu Dhabi-owned entity which bought the London unit of Clariden Leu, is eyeing more acquisitions in the boutique...

Car sales in India slump 11 Dec 2012 - 01:30 am

A man walks among parked vehicles at a car yard in Jammu yesterday. Car sales in India slumped eight percent in November, dashing...

Qatari bourse index slips by 12.79 points 11 Dec 2012 - 01:29 am

Doha: Qatar Exchange index lost 12.79 points or 0.15 yesterday to 8,341.86 points from the previous closing of 8,354.65 points. The volume of...

South Korea to cut Iran crude imports by 20pc 11 Dec 2012 - 01:29 am

SEOUL: South Korean refiners will cut imports of Iranian crude during the six months to May by about a fifth from a year...

Dana Gas sets out restructured sukuk terms 11 Dec 2012 - 01:26 am

DUBAI: Dana Gas, the first UAE group to default on an Islamic bond, is offering bondholders $70m in cash and an average eight...

Salam International plans five joint ventures 11 Dec 2012 - 01:23 am

Doha: Salam International Investment Limited (SIIL) has announced joint venture with five international companies as part of its business expansion plans. Among the...

Opec to decide output target 10 Dec 2012 - 01:04 am

LONDON: Opec gathers in Vienna this week for a ministerial meeting to decide on the cartel’s oil production ceiling, as a predicted drop...

Qtel mandates six banks for possible bond issue 10 Dec 2012 - 01:03 am

DUBAI: Qatar Telecom (Qtel) has mandated six banks for a possible benchmark-sized dollar-denominated bond, lead arrangers said on Thursday, in what would be...

QP sponsors Maintcon 2012 10 Dec 2012 - 12:23 am

Khalid Yousuf Al Sahlawi, Manager for Integrated Facilities of QP’s Dukhan Operations, handing over a gift to Shaikh Ahmed bin Mohammed Al Khalifa,...

GCC retail sector to reach $270bn by 2016: Report 10 Dec 2012 - 12:22 am

DOHA: The retail sector in the GCC has displayed strong resilience in the face of global economic downturn and is expected to reach...

Greece plans reopening debt buyback invitations 10 Dec 2012 - 12:22 am

ATHENS: Greece may ask for additional offers from bondholders in a debt buyback plan that forms part of its international bailout, Greek officials...