Business

Arab Federation of Exchanges meet concludes 09 Jun 2014 - 08:36 am

Doha: The 39th Session of the Board of the Arab Federation of Exchanges (AFE) concluded its meetings in Dubai on Thursday. The meeting...

Gates Foundation sells stake in Britain’s G4S 09 Jun 2014 - 08:34 am

LONDON: Microsoft Corp co-founder Bill Gates has sold his entire stake in G4S Plc, the British security firm trying to bounce back from...

Weekly Commodity Update: Energy and precious metals on top as ECB provides a boost 09 Jun 2014 - 08:33 am

By Ole S. Hansen (Head of Commodity Strategy, Saxo Bank) While stock markets continued their ascent, not least helped by the latest bout...

Barwa Bank Group net profit up 46pc in 2013 09 Jun 2014 - 04:02 am

Officials at the Barwa Bank’s Annual General Meeting. Doha: Barwa Bank Group recorded strong growth in both its profitability and financial position, with...

Lloyds Bank to price TSB stake sale below book value 08 Jun 2014 - 10:28 pm

A view of the sign board outside a branch of TSB bank in London. LONDON: Lloyds Banking Group will today price the sale...

Shortage of skilled workers 08 Jun 2014 - 10:26 pm

Men look at recruitment advertisements at a labour market in Guangzhou, Guangdong province. A record 7.27 million graduates, equivalent to the entire population...

China May exports gain steam, imports fall 08 Jun 2014 - 10:25 pm

BEIJING: China’s exports gained steam in May thanks to firmer global demand, data showed on Sunday, but an unexpected fall in imports signalled...

QE extends losing streak; down 0.62pc 08 Jun 2014 - 10:23 pm

Doha: Qatar Exchange index lost 82.51 points, or 0.62 percent to close at 13,149.55 points yesterday from the previous closing of 13,232.06 points...

Sipchem, Sahara blame regulatory framework for merger collapse 08 Jun 2014 - 10:23 pm

DUBAI: Saudi International Petrochemical Co (Sipchem) and Sahara Petrochemical called off their proposed merger yesterday, citing an inadequate regulatory framework in the kingdom...

Afghan economy on edge as investors flee 08 Jun 2014 - 10:22 pm

KABUL: Jackhammers are down and excavators gather dust at a Kabul construction site, spotlighting an aid-reliant economy on the edge of a precipice...

Weekly Money Market Review with IBQ: Mixed performance in foreign exchange market 08 Jun 2014 - 10:07 pm

The economic expansion in the United States reached a milestone last month, with unemployment exceeding pre-crisis peaks for the first time; almost five...

IMF urges China to focus on reforms 08 Jun 2014 - 12:50 am

Britain’s Chancellor of the Exchequer George Osborne (right) with IMF Managing Director Christine Lagarde in London. Britain’s economic recovery is robust and becoming...

QIIB gets Best Islamic Bank award 08 Jun 2014 - 12:49 am

QIIB Chairman and Managing Director Sheikh Dr Khalid bin Thani bin Abdullah Al Thani receiving the award in London. DOHA: International Islamic (QIIB),...

Ooredoo to unveil new initiatives in Kuwait 08 Jun 2014 - 12:48 am

Doha: Customers in Kuwait are set to benefit from a series of new initiatives following the roll-out of the Ooredoo brand earlier this...

QIMC wraps up GCC meet on high note 08 Jun 2014 - 12:48 am

Participants at the Joint Fifteenth GCC Exhibition. Doha: The Qatar Industrial Manufacturing Company (QIMC) wrapped up its participation in the Joint Fifteenth GCC...

ViCon to manage BIM on Traffic Control Centre Project 08 Jun 2014 - 12:46 am

Image of the Traffic Control Centre project. Doha: KCT-Al Khayyat Contracting and Trading has engaged HOCHTIEF ViCon for BIM management and BIM services...

IMF may not always be led by European, says Lagarde 08 Jun 2014 - 12:44 am

London: The International Monetary Fund must not always be led by a European and could one day move its headquarters to Beijing from...

IMF ready to help Egypt, says chief 08 Jun 2014 - 12:44 am

WASHINGTON: International Monetary Fund chief Christine Lagarde has personally congratulated Egypt’s President-elect Abdel Fattah Al Sisi and stressed the global lender remains ready...