Business

QIB named Best Islamic Bank and Best SME Islamic Finance Provider 23 Mar 2014 - 03:25 am

The QIB team with the award. DOHA: Qatar Islamic Bank (QIB) has once again been named the ‘Best Islamic Bank in Qatar’ by...

Spain’s bailed-out Bankia plans shareholder pay out next year 22 Mar 2014 - 06:59 am

Bankia’s Chief Executive Jose Ignacio Goirigolzarri (left) and the Directors Board Secretary Miguel Crespo at the annual shareholder meeting in Valencia, yesterday. VALENCIA:...

Sri Lanka GDP growth below forecast; central bank holds interest rates 22 Mar 2014 - 06:58 am

The broken letter “N” of the word “BANK” is hung with a wire to the main signboard of Sri Lanka’s Central Bank in...

Russian share index down 3pc 22 Mar 2014 - 06:58 am

A man walks past the head office of Bank Rossiya in St Petersburg yesterday. Visa Inc and MasterCard Inc have stopped providing services...

World Cup boost for Nike 22 Mar 2014 - 06:57 am

Shoes displayed in the Nike store in Santa Monica, California. Nike Inc said that global orders for its merchandise soared heading into the...

LNG prices rebound as demand picks up 22 Mar 2014 - 06:55 am

SINGAPORE/LONDON: Asian spot liquefied natural gas (LNG) prices may have bottomed out this week as Japanese buyers stepped back into the market to...

Oil firms review Gunvor trade after US sanctions 22 Mar 2014 - 06:54 am

LONDON: Oil companies are reviewing their dealings with Russian energy trader Gunvor but have not yet altered their business links, industry sources said...

ABN Amro prepares to re-list 22 Mar 2014 - 06:53 am

AMSTERDAM: As reconstructed Dutch bank ABN Amro prepares to go back to the stock market, the bailed-out lender’s modest new profile appears to...

UK borrowing dips by 4.3 percent 22 Mar 2014 - 06:52 am

LONDON: Britain’s public finances showed an underlying improvement in February compared to a year earlier, but the gain may not be enough to...

US Congress probe puts GM under scrutiny 22 Mar 2014 - 06:52 am

WASHINGTON: The U S congressional investigation into General Motors Co automobile defects will bring aggressive scrutiny to a company with powerful lobbying clout...

Toyota to lift lockout at Indian plants after unrest 22 Mar 2014 - 06:52 am

BANGALORE: Toyota said that it would lift a lockout next week on its Indian assembly plants after a meeting with labour groups and...

Austrian bank Hypo needs another $2bn emergency aid 22 Mar 2014 - 06:51 am

FRANKFURT/VIENNA: Nationalised Austrian lender Hypo Alpe Adria Bank International AG asked the government yesterday for another ¤1.43bn ($2bn) in emergency funds to cover...

Fed chair Yellen’s first FOMC statement annotated 22 Mar 2014 - 06:49 am

BY Felix Salmon Information received since the Federal Open Market Committee met in January indicates that growth in economic activity slowed during the...

Egyptian court sentences 17 to long jail terms for protests 22 Mar 2014 - 06:47 am

Policemen use tear gas to disperse protesters during clashes with supporters of former Islamist president Mohamed Mursi, who was overthrown by the army,...

Qatar to carry on LNG supply to Europe: Attiyah 22 Mar 2014 - 05:11 am

Brussels: Many European countries are suffering negative economic conjuncture and high unemployment and, therefore, may begin to change approach to energy security in...

Mideast aviation sector to post $2.2bn profits 20 Mar 2014 - 10:50 pm

BY MOHAMMAD SHOEB DOHA: With an anticipated passenger traffic growth of over 11 percent, the Middle East’s aviation industry is expected to register...

Hitachi to move rail headquarters to UK 20 Mar 2014 - 10:50 pm

Hitachi’s High Speed trains at St Pancras International station in London, yesterday. The Japanese firm announced that it is to move its global...

Caterpillar rejigs sales plan 20 Mar 2014 - 10:49 pm

Workers walk past Caterpillar excavator machines at a factory in Gosselies. Caterpillar, which is in a hunt for new revenue because of weakness...