Business

Qatar ranks 16th in Global Competitiveness Index Report 03 Sep 2014 - 11:44 pm

DOHA: Qatar ranked 16th in ‘the Global Competitiveness Report 2014-15’ and is the second most competitive economy in the Middle East after the...

Federal Reserve sets tough cash requirements for big banks 03 Sep 2014 - 11:43 pm

WASHINGTON: The Federal Reserve moved yesterday to require top banks to hold more super-safe assets to reduce the possibility of a liquidity squeeze...

Oil prices rebound from 16-month lows 03 Sep 2014 - 11:42 pm

LONDON: Oil climbed towards $102 a barrel yesterday as the market bounced off a 16-month low hit in the previous session, although ample...

Qatar Exchange index gains 96.18 points 03 Sep 2014 - 11:35 pm

Doha: Qatar Exchange index gained 96.18 points, or 0.7 percent, yesterday when trading closed at 13,838.40 points. The trading value decreased 40.78 percent...

Scale a priority, with or without merger: CIMB Islamic CEO 03 Sep 2014 - 11:34 pm

KUALA LUMPUR: CIMB Islamic, the Shariah-compliant unit of Malaysia’s second-biggest lender, said it will pursue a larger balance sheet to help win more...

Eurozone business growth wanes in August 03 Sep 2014 - 11:34 pm

LONDON: Eurozone business grew at the slowest rate this year in August and retail sales plummeted in July as escalating tension between Russia...

Europe gas cut would hit Gazprom hard 03 Sep 2014 - 11:34 pm

LONDON: The unspoken threat to leave Europeans shivering in the cold next winter may be Moscow’s trump card in its confrontation with the...

Moody’s Investors warns India 03 Sep 2014 - 11:33 pm

Apple vendors wait for customers outside their shop at a wholesale fruit market in the southern Indian city of Bangalore yesterday. India’s fiscal...

Zalando aims to go public this year 03 Sep 2014 - 11:33 pm

Employees of the Internet retail company Zalando working at a logistics centre in Erfurt, eastern Germany. FRANKFURT: Europe’s biggest online fashion retailer Zalando...

Oman to issue $1.3bn sukuk, bonds 03 Sep 2014 - 11:32 pm

KUALA LUMPUR: Oman is expected to issue RO500m ($1.3bn) worth of conventional and Islamic sovereign debt early next year, and aims to choose...

Vodafone shares turn higher on Softbank report 03 Sep 2014 - 11:32 pm

LONDON/TOKYO: Vodafone Group PLC shares turned higher late on Tuesday, with traders citing a Nikkei report suggesting the British mobile operator may become...

Surging food prices drive up Turkey inflation 03 Sep 2014 - 11:31 pm

ISTANBUL: Surging food prices fuelled a rise in Turkish inflation in August, data showed yesterday, and central bank minutes showed that monetary policy-setters...

China relaxing financing rules 03 Sep 2014 - 11:31 pm

A view of buildings at sunset in Beijing yesterday. China is relaxing its financing rules for listed property firms by allowing those that...

Burying the hatchet 03 Sep 2014 - 11:30 pm

The frontage of a French luxury goods firm Hermes’ shop. French luxury groups LVMH and Hermes ended the various disputes that opposed them...

Israel in talks for $15bn Jordan gas supply 03 Sep 2014 - 11:29 pm

TEL AVIV: Israel is in advanced negotiations to supply natural gas from its vast Leviathan field to Arab peace partner Jordan under a...

World Bank to raise $500m through sukuk 03 Sep 2014 - 11:29 pm

KUALA LUMPUR: The World Bank plans to raise as much as $500m worth of Islamic bonds, or sukuk, this year to help fund...

Indian car industry shifts back to faster lane 03 Sep 2014 - 11:28 pm

NEW DELHI: After two years of shrinking Indian sales, automakers are moving back into the fast lane as the economy picks up, although...

Volpe named Infiniti Global Director for Formula One 03 Sep 2014 - 11:28 pm

Dubai: Infiniti has appointed Tommaso Volpe its new Formula One Global Director, effective September 1, 2014. Volpe will be responsible for Infiniti’s entire...