Business

MSCI raises index weights of Qatar, UAE 10 Nov 2014 - 12:48 am

DUBAI: Stock markets in Qatar and the United Arab Emirates outperformed the region yesterday after index compiler MSCI raised the two countries’ weights...

QIA may up bid for Canary Wharf owner Songbird 10 Nov 2014 - 12:45 am

LONDON: Qatar Investment Authority (QIA) and Brookfield Property Partners may increase their £2.2bn ($3.5bn) takeover offer for Songbird Estates, majority owner of London’s...

Qatar least vulnerable to oil price drop: S&P 10 Nov 2014 - 12:44 am

DOHA: The recent drop in hydrocarbon prices, if sustained, could have a significant impact on the region’s economic and financial indicators. Bahrain and...

QDB to support six innovative tourism projects 10 Nov 2014 - 12:31 am

DOHA: The Qatar Development Bank (QDB) announced that it is in the final phase of awarding six tourism projects with the support of...

Volvo begins production of XC60 in China 10 Nov 2014 - 12:30 am

STOCKHOLM: Geely-owned Volvo Car Group said yesterday it had begun production of its best-selling XC60 crossover at its plant in Chengdu, taking a...

In Gazprom deal, JPMorgan takes on business that some banks fear 10 Nov 2014 - 12:30 am

NEW YORK: When JPMorgan Chase & Co agreed to lead a $700m bond offering for Russian gas producer Gazprom OAO, it was doing...

Wal-Mart to focus on food safety in China 10 Nov 2014 - 12:21 am

BEIJING: Wal-Mart Stores Inc is focusing on food safety as the world’s largest retailer aims to boost profitability of its more than 400...

Burgan Bank to open $353m issue on Sunday 10 Nov 2014 - 12:21 am

DUBAI: Burgan Bank will open subscription for a KD102.6m ($352.5m) rights issue next Sunday it as looks to fund growth plans and boost...

China softens push for FTAAP 10 Nov 2014 - 12:20 am

BEIJING: China has agreed to soften its push for a vast new Asia-Pacific free trade agreement in the face of resistance from the...

Chinese President says risks to economy ‘not that scary’ 10 Nov 2014 - 12:20 am

BEIJING: The risks faced by China’s economy are not that scary and the government is confident it can head off the dangers, President...

HSBC Brazil slashes 1,000 jobs 10 Nov 2014 - 12:20 am

BRASILIA: Layoffs by HSBC bank in Brazil will likely top 1,000 this week, the workers’ union said, after employees staged angry protests against...

Dubai’s Limitless to pledge revenues for $1.2bn debt deal 10 Nov 2014 - 12:19 am

DUBAI: Dubai’s Limitless will pledge its future revenues to service debt repayments as it attempts a second restructuring of a $1.2bn Islamic loan...

Formosa to invest $2bn in US projects 10 Nov 2014 - 12:18 am

TAIPEI: Taiwan’s petrochemical giant Formosa Plastics Group plans to pour another $2bn into its US investment projects as part of efforts to profit...

US eyes China partnership on Africa power 10 Nov 2014 - 12:18 am

JOHANNESBURG: The US is considering partnering with China on improving electricity in Africa and the proposal could be part of bilateral discussions when...

QE index gains 101.63 points 10 Nov 2014 - 12:17 am

Doha: Qatar Exchange (QE) index gained 101.63 points or 0.75 percent when the bourse closed at 13,692.12 points yesterday from 13,590.49 points on...

Gold, silver rout ‘far from over’ 10 Nov 2014 - 12:16 am

NEW YORK: Gold’s rout may be far from over, with many analysts and traders surveyed by Reuters predicting prices could fall to $1,000...

Weekly Commodity Update : Dollar’s ascent piles pressure on commodities as polar vortex looms 10 Nov 2014 - 12:16 am

By Ole S. Hansen (Head of Commodity Strategy, Saxo Bank) Commodity prices remain under pressure across all sectors as the dollar continues to...

Lower oil prices not to hit Qatar’s growth plans: QNB 09 Nov 2014 - 12:48 am

Doha: Qatar’s large infrastructure investment programme would be sustainable, even if oil prices fell considerably further, QNB Group said in its weekly report. ...