Business

Masraf Al Rayan clarifies stake sale in Seef Lusail 16 Jul 2014 - 06:21 am

DOHA: Masraf Al Rayan, one of the largest lenders of Qatar, clarified that the bank had made full disclosure of the sale of...

Nakilat’s first half profit jumps by 24pc 16 Jul 2014 - 06:21 am

DOHA: Qatar Gas Transport Company Limited (Nakilat) recorded a 24 percent jump in its net profit for the first half of 2014 (H1,...

Bid to stop EU-US free trade deal 16 Jul 2014 - 06:20 am

BRUSSELS: A broad coalition of European environmental, consumer rights and anti-globalisation groups launched a bid yesterday to stop the European Union from negotiating...

Capacity issues hinder strategic US oil reserve 16 Jul 2014 - 06:20 am

WASHINGTON: Delayed maintenance has dogged the US Strategic Petroleum Reserve with capacity issues that limit officials’ ability to quickly draw down the emergency...

Economy recovering, BoJ holds off stimulus 16 Jul 2014 - 06:20 am

TOKYO: The Bank of Japan yesterday held fire on expanding its vast stimulus programme, saying the world’s number three economy was recovering despite...

Reynolds American to buy Lorillard for $27.4bn 16 Jul 2014 - 06:19 am

NEW YORK: US tobacco giant Reynolds American will buy Lorillard for $27.4bn and sell cigarette brands including Salem and Winston to British firm...

Microsoft to pass Yahoo in ad revenues 16 Jul 2014 - 06:18 am

NEW YORK: Microsoft is expected to overtake Yahoo for the first time in digital advertising revenues. The survey by eMarketer represents a setback...

India considers selling $3bn stake in ONGC 16 Jul 2014 - 06:18 am

NEW DELHI: Indian Prime Minister Narendra Modi’s government will decide next month on the sale of a $3bn stake in state oil firm...

UK to cap rates for payday lenders 16 Jul 2014 - 06:17 am

LONDON: Britain’s financial watchdog set out new rules yesterday to cap sky-high interest rates offered by so-called payday lenders, bringing down the cost...

DP World signs $3bn five-year loan deal 16 Jul 2014 - 06:16 am

DUBAI: DP World, one of the world’s largest port operators, has signed a $3bn loan deal, becoming the latest Dubai entity to take...

Troika begins fifth review of bailed-out Cyprus economy 16 Jul 2014 - 06:16 am

NICOSIA: A delegation from the troika of international lenders yesterday began its fifth assessment of Cyprus’s economy and troubled banking system, focusing on...

Weekly Money Market Review with IBQ: United States QE programme would end in October 15 Jul 2014 - 11:54 pm

Last week global events took centre stage for investors, as weak industrial production data emerged across Europe also fears over Portugal’s banking sector...

QIB profit grows by 15pc to QR725m 15 Jul 2014 - 05:30 am

DOHA: Qatar Islamic Bank (QIB), the country’s largest Shariah-compliant lender by assets, posted a 15 percent year-on-year jump in its net profit. The...

QFC Authority amends tax rules, offers new incentive, tax relief 15 Jul 2014 - 02:10 am

DOHA: The QFC Authority has introduced innovative amendments to its existing tax regulations and tax rules. The amendments offers a unique incentive in...

Qatar overseas M&As at 46pc of Mideast deals 15 Jul 2014 - 02:06 am

DOHA: Qatar’s overseas acquisitions accounted for 46 percent of Middle Eastern mergers and acquisitions (M&A) activity during the first half of 2014, according...

Canon enhances IT skills of UAE youth 15 Jul 2014 - 02:04 am

Visitors at the camp. Doha: Canon Middle East, a world leader in imaging solutions, is supporting the International Computer Driving Licence programme (ICDL)...

Citi profit dips, hurt by $7bn settlement 15 Jul 2014 - 02:03 am

Pedestrians walk past the facade of a Citibank building in New York yesterday. NEW YORK: Citigroup Inc said yesterday that quarterly earnings fell...

Samsung halts business with China supplier on child labour concerns 15 Jul 2014 - 02:02 am

SEOUL: Samsung Electronics Co Ltd said it halted business with a supplier in China over suspected use of child workers, the first time...