Business

Qatar to spend up to $205bn on infrastructure: QNB 05 Feb 2014 - 07:28 am

MANAMA: Qatar plans to spend as much as $205bn on infrastructure between 2013 and 2018, the acting head of project finance at Qatar...

QNB launches investment product 05 Feb 2014 - 07:28 am

DOHA: Qatar National Bank (QNB) yesterday announced the launch of QNB Note 2 aimed at enabling foreign investors to enter Qatar in a...

Islamic banks to be active users of sukuk this year: S&P 05 Feb 2014 - 07:27 am

DOHA: Qatar’s Islamic banks will continue to maintain strong credit growth and are expected to become more active issuers of sukuk over the...

QIB and QInvest introduce Shiraa Funds 05 Feb 2014 - 07:27 am

DOHA: Qatar Islamic Bank (QIB) and Qatar’s leading investment bank QInvest, have launched a new range of innovative Shari’ah-compliant funds, the “Shiraa Funds”. ...

India sees Sudan trade near $1bn 05 Feb 2014 - 07:12 am

KHARTOUM: India sees two-way trade with Sudan reaching $1bn, New Delhi’s foreign minister said yesterday in Khartoum, as the impoverished African nation asked...

Q-Re to write $269m premiums for Jan 1 renewals 05 Feb 2014 - 07:11 am

DOHA: Q-Re, a wholly-owned subsidiary of Qatar Insurance Company (QIC), yesterday announced that it expects to write approximately $269m of property, casualty and...

BP reports sharp fall in Q4 profit 05 Feb 2014 - 07:10 am

LONDON: BP reported a sharp drop in fourth-quarter profits yesterday partly due to weakness in its refining business, providing more evidence of difficult...

Spain unemployment rate rises 05 Feb 2014 - 07:10 am

MADRID: The number of registered jobless in Spain rose in January as employers shed workers hired for the Christmas holiday season, but the...

Qatari bourse index drops 87.90 points 05 Feb 2014 - 07:09 am

Doha: The Qatar Exchange lost 87.90 points, or, 0.79 percent, to 11,049.69 points from the previous closing of 11,137.59 points on Monday. The...

Gates quits as Microsoft chairman, new CEO named 05 Feb 2014 - 07:09 am

WASHINGTON: Microsoft said yesterday that founder Bill Gates was stepping down as chairman to become a technology adviser to the tech giant as...

Greece, lenders resolve issue of fiscal gap 05 Feb 2014 - 07:09 am

ATHENS/BRUSSELS: Greece and its foreign lenders have largely bridged differences over a potential fiscal gap this year, removing a key sticking point holding...

Dar Al Arkan may repay $450m sukuk ahead of schedule 05 Feb 2014 - 06:59 am

DUBAI: Dar Al Arkan Real Estate Development Co, Saudi Arabia’s largest listed property developer, may consider early repayment of a $450m Islamic bond...

Alwaseeta, QKLC ink pact for LED project 05 Feb 2014 - 04:39 am

H E Dr Mohamed bin Saleh Al Sada and Dr Tai-Kyoo Kim, Chairman of QKLC, signing the agreement. DOHA: Qatar Intermediate Industries Co...

Qatar to make huge investments in Italy 04 Feb 2014 - 01:25 am

The Minister of Energy and Industry H E Dr Mohamed bin Saleh Al Sada and Italian Prime Minister Enrico Letta during a press...

The Pearl-Qatar, Al Siddiqi Holding sign deal for opening global brands 04 Feb 2014 - 01:23 am

Ehab Kamel (left) and Aly Delawar during the signing ceremony. (Abdul Basit) DOHA: The Pearl-Qatar, one of the largest urban developments in Qatar...

Janet Yellen takes over Fed; Bernanke joins Brookings 04 Feb 2014 - 01:22 am

Janet Yellen is sworn as Federal Reserve Chairman at the Federal Reserve Building in Washington yesterday. WASHINGTON: Respected economist Janet Yellen was sworn...

European stocks slide; euro, gold rise 04 Feb 2014 - 01:20 am

LONDON: European stocks tumbled yesterday as lacklustre reports on Chinese and US manufacturing activity outweighed the eurozone hitting a 32-month high in January....

Ryanair flies into loss 04 Feb 2014 - 01:19 am

A file picture of Irish low-cost airline Ryanair taking off from Barcelona’s airport. Ryanair said yesterday that it made a loss of £28.8m...