Business

Moody’s reaffirms Nakilat rating 19 May 2014 - 07:29 am

Doha: Qatar Gas Transport Company (Nakilat) announced that rating agency Moody’s Investors Service has reaffirmed Nakilat Inc’s senior secured debt rating at “Aa3”...

BoE warns of UK housing bubble 19 May 2014 - 07:28 am

LONDON: Bank of England Governor Mark Carney gave his strongest warning to date about the risks of a housing bubble and said the...

Eurozone focus on resurrected southern bonds 19 May 2014 - 07:28 am

PARIS: The badly tarnished countries of southern Europe where investors dared not venture at the height of the debt crisis are now the...

Hyundai recalls 140,000 SUVs over airbag issue 19 May 2014 - 07:28 am

WASHINGTON: South Korean carmaker Hyundai is recalling 140,000 vehicles in the United States and Puerto Rico because of an airbag problem, according to...

Japanese car giants team up on green engines 19 May 2014 - 07:27 am

TOKYO: Japan’s eight carmakers have joined forces to develop environmentally friendly engines to stave off fierce competition from foreign rivals, a press report...

German industry to stop Russia sanctions 19 May 2014 - 07:27 am

BERLIN: German industry is ramping up efforts to dissuade Chancellor Angela Merkel from imposing tough new economic sanctions on Russia over Ukraine, warning...

Goldman fears risks if rivals plead guilty 19 May 2014 - 07:27 am

NEW YORK: The head of US bank Goldman Sachs has warned that guilty pleas from rivals BNP Paribas and Credit Suisse, under legal...

China to reign supreme in world commodities in 2014 19 May 2014 - 07:27 am

PARIS: Grains, metals, meat: these are just three of the commodities being sucked in by the voracious Chinese economy which is set to...

Banque Saudi Fransi plans $533m sukuk by end-June 19 May 2014 - 07:26 am

DUBAI: Banque Saudi Fransi (BSF) plans to sell a capital-boosting Islamic bond worth around SR2bn ($533m), two banking sources aware of the matter...

Pioneers Holding to acquire Rooya stake 19 May 2014 - 07:26 am

CAIRO: Egypt’s Pioneers Holding expects to finalise its acquisition of a 60-percent stake in real estate group Rooya within three months at a...

Platinum price volatility ahead as South Africa strike drags on 19 May 2014 - 07:25 am

JOHANNESBURG: Stockpiling, recycling and long production times have prevented a prolonged South African platinum strike from causing a spike in global prices, but...

Weekly Money Market Review with IBQ: Positive US data pushes dollar index higher 19 May 2014 - 07:24 am

The dollar traded in a mixed manner against its major counterparts throughout the previous week. News from Europe was mostly disappointing, reminding investors...

Weekly Commodity Update: Agriculture sees most action in quiet week for commodities 19 May 2014 - 07:23 am

By Ole S. Hansen (Head of Commodity Strategy, Saxo Bank) Commodities were mixed over the past week and this resulted in an almost...

Swiss reject world’s highest minimum wage 19 May 2014 - 06:16 am

Swiss Economy Minister Johann Schneider-Ammann (left) with Justice Minister Simonetta Sommaruga in Bern yesterday. ZURICH: Swiss voters yesterday rejected proposals to introduce the...

Contract for final phase of Lusail City inked 18 May 2014 - 10:17 am

The officials at the ceremony to award contract. DOHA: The Lusail Real Estate Development Company (LREDC), which is responsible for execution of the...

QAFAC gold sponsor of IIA Qatar meet 18 May 2014 - 10:16 am

QAFAC and IIA team after handing over the gold sponsor cheque. Doha: Qatar Fuel Additives Company Ltd (QAFAC) is taking part as a...

Sunil John gets SABRE award 18 May 2014 - 10:05 am

Doha: Sunil John (pictured), founder and CEO of ASDA’A Burson-Marsteller, the region’s leading public relations consultancy, has been awarded the “SABRE Award for...

Portugal follows Ireland 18 May 2014 - 10:04 am

Portugal’s Secretary of State to the Prime Minister Carlos Moedas (right) with Minister of the Presidency and of Parliamentary Affairs Luis Marques Guedes...