Business

QIB makes global spending on cards secure 21 Jul 2014 - 03:34 am

D Anand, General Manager of QIB’s Personal Banking Group DOHA: Qatar Islamic Bank (QIB), Qatar’s leading and safest Islamic Bank, has brought in...

Greek banks can handle capital needs in ECB test 21 Jul 2014 - 03:32 am

A man exits a Eurobank branch as a woman (left) makes a transaction at the branch’s ATM in Athens. ATHENS: Any capital shortfalls...

Hyundai’s Ramadan campaign a big hit 21 Jul 2014 - 03:31 am

Doha: Hyundai Ramadan campaign this year has really caught the imagination of car buyers in Qatar which is quite evident from the overwhelming...

No fix yet for some Cadillacs: GM 21 Jul 2014 - 03:30 am

DETROIT: General Motors Co has ordered Cadillac dealers to stop selling some versions of the CTS model-range because the automaker does not have...

San Francisco looks to alter chain store rules 21 Jul 2014 - 03:29 am

SAN FRANCISCO: City leaders in San Francisco are looking to modify limits on chain stores and eateries put in place by a 2006...

QE index closes 129.07 points lower 21 Jul 2014 - 03:26 am

Doha: Qatar Exchange index closed lower yesterday, down by 129.07 points, or 0.97 percent, to 13,155.58 points. The trading value at close was...

Mena IPO proceeds jump 129pc in Q2 21 Jul 2014 - 03:26 am

DOHA: The Mena IPO market continued its recovery to end the first half of the year 2014 (H1, 14) strongly. There were a...

Unnamed bidder offers to buy out pay TV OSN 21 Jul 2014 - 02:39 am

DUBAI: Middle Eastern pay-television operator OSN is the subject of a full takeover bid from an unnamed buyer, its parent company said yesterday,...

Sonatrach to spend $100bn on oil output 21 Jul 2014 - 02:37 am

ALGIERS: Algerian state energy group Sonatrach has approved a $100bn investment plan for 2014-2018 to increase oil and gas output and also aims...

UAE may issue govt bonds by 2018 21 Jul 2014 - 02:37 am

DUBAI: The United Arab Emirates is expected to issue its first ever federal government bonds before 2018 to help the country’s banks meet...

Brazil eyeing Japan’s help in oil project 21 Jul 2014 - 02:36 am

TOKYO: Brazil plans to use Japanese technology in building a floating structure and ships for its huge offshore oil development project, media reports...

ADIB net profit jumps in Q2 21 Jul 2014 - 02:36 am

ABU DHABI: Abu Dhabi Islamic Bank (ADIB), the largest Shariah-compliant lender in the emirate, beat analysts’ estimates yesterday as it posted a 22.5...

Qatar General Insurance posts QR53.78m profit 21 Jul 2014 - 02:35 am

Doha: Qatar General Insurance and Reinsurance Company has announced a net profit of QR53.78m for the six-month period ending June 30. This is...

QAC posts sales growth for second consecutive year 21 Jul 2014 - 02:35 am

Doha: Qatar Automobiles Company (QAC) has reaffirmed its market leadership with a record sales growth for a second consecutive year. The authorised dealer...

Oman likely to rescue Bulgaria’s Corpbank 21 Jul 2014 - 01:58 am

MUSCAT: An Omani sovereign wealth fund and other shareholders in Bulgaria’s Corporate Commercial Bank are seeking to stabilise the troubled lender and hope...

Britain to unveil new pension rules today 21 Jul 2014 - 01:53 am

LONDON: Britain will today announce new rules for the pensions industry that will give retirees greater access to their savings, fleshing out plans...

SABIC net profit rises 7pc in Q2 21 Jul 2014 - 01:53 am

DUBAI: Saudi Basic Industries Corp (SABIC), one of the world’s largest petrochemicals groups and the Gulf’s largest listed company, reported a 7 percent...

ENBD repays final $1.1bn govt support 21 Jul 2014 - 01:52 am

DUBAI: Emirates NBD, Dubai’s largest lender, has repaid the remaining Dh4bn ($1.1bn) of support which it received from the United Arab Emirates government...