Business

Zimbabwe’s external debt level precarious: IMF 24 Jun 2014 - 09:37 am

HARARE: The International Monetary Fund yesterday warned Zimbabwe’s economy remains fragile with a “precarious” level of external debt that needs to be addressed....

Carmen Haddad to head Citi’s Qatar operations 24 Jun 2014 - 09:35 am

DOHA: Citi yesterday announced the appointment of Carmen Haddad (pictured) as the Chief Executive Officer for Citibank Qatar, in addition to her current...

Weekly Money Market Review with IBQ: Yellen did not reproduce the Carney effect 24 Jun 2014 - 09:31 am

The FOMC continued to taper and for the third consecutive time, made minimal changes to their formal statement. In addition, the reduction in...

High fuel prices bring GCC public debt down 24 Jun 2014 - 01:46 am

DOHA: The GCC countries, including Qatar, had reduced their debt as fuel prices rose. Moody’s latest analysis confirms that, for countries in the...

QNB products to support SMEs 23 Jun 2014 - 10:19 am

QNB team with other participants at the function. DOHA: QNB has announced its continued support of the important SME sector in Qatar with...

RasGas wins award for excellence in sustainability management 23 Jun 2014 - 10:18 am

H E Dr Mohamed bin Saleh Al Sada, the Minister of Energy and Industry, and other officials talking to RasGas team. DOHA: RasGas...

Malabar Gold opens 116th outlet in Dubai 23 Jun 2014 - 10:17 am

Malabar Gold & Diamonds opened its 116th outlet at Lulu Hypermarket in Qusais, Dubai on Saturday. The showroom was inaugurated by Dr Mohammed...

Winners of Global Economy Prize 23 Jun 2014 - 10:16 am

The winners of the Global Economy Prize US economist Richard Thaler (left), Liberian President and Nobel Peace Prize winner Ellen Johnson Sirleaf (centre)...

$100m for 15 Canadian firms 23 Jun 2014 - 10:14 am

Canada’s Prime Minister Stephen Harper (centre) speaks to employees at Communitech in Kitchener, Ontario. Harper announced the organisations that have been chosen to...

Sri Lanka oil tank farm 23 Jun 2014 - 10:13 am

A Sri Lankan worker walks past the $76m oil tank farm at the southern deep sea port of Hambantota yesterday. Sri Lanka is...

SNCM woes 23 Jun 2014 - 10:11 am

A file picture of car ferries operated by the SNCM (National Maritime Corsica-Mediterranean company) are seen at docks in the port of Marseille....

ExxonMobil honours Al Attiyah at WPC 23 Jun 2014 - 10:09 am

Mark Albers of ExxonMobil (left) with H E Abdullah bin Hamad Al Attiyah, at a felicitation in Moscow. DOHA: ExxonMobil honoured H E...

Japan is Qatar’s biggest export destination in 2013 23 Jun 2014 - 10:06 am

By SACHIN KUMAR Doha: Japan emerged as the biggest export destination (QR145bn) from Qatar in 2013, while South Korea and India were the...

Qatari banks record strongest growth in loan book, NII in Q1 23 Jun 2014 - 10:06 am

DOHA: Qatar-based banks witnessed the highest increase in their loan book growth in the GCC during the first quarter of 2014. The banks’...

Oman scraps price controls for most goods 23 Jun 2014 - 10:05 am

MUSCAT/DUBAI: Oman has scrapped price controls for all but 23 basic products, prompting rare public criticism of government policy, after companies demanded freer...

GM board warned of serious problems in 2002 23 Jun 2014 - 09:34 am

WASHINGTON/DETROIT: A former head of General Motors corporate quality audit warned the company’s board in a letter in 2002 that it needed to...

Panasonic to sell birthplace of its TV business 23 Jun 2014 - 09:33 am

TOKYO: Japan’s electronics giant Panasonic will sell the plant where it first got into the television business half a century ago as it...

After eurozone crisis, IMF rethinks rescues 23 Jun 2014 - 09:31 am

WASHINGTON: The International Monetary Fund is rethinking bailouts in the wake of the eurozone crisis, with an eye to giving governments near default...