Business

QE index climbs to five-year high 17 Feb 2014 - 12:16 am

DOHA: Qatar’s index rose 0.3 percent, up for seven consecutive sessions to close at its highest level since August 2008. Institutional investors have...

Qatar infrastructure spending to touch QR87.4bn this year 17 Feb 2014 - 12:15 am

DOHA: Qatar is expected to witness a significant rise in project activity this year, especially the infrastructure sector, with contract awards anticipated to...

IQ plans QR5.4bn capital expenditure over five years 17 Feb 2014 - 12:15 am

DOHA: Industries Qatar’s (IQ) five-year business plan envisages accumulated capital spend of an estimated QR5.4bn from 2014 to 2018. The plan includes completing...

Investment in new jobs to promote growth 17 Feb 2014 - 12:14 am

Doha: Focused and long-term investment in developing the skills and creating jobs for young people is expected to promote sustainable economic growth in...

Libyan crude output falls to 390,000bpd 17 Feb 2014 - 12:13 am

TRIPOLI: Libya’s oil production has fallen to 390,000 barrels per day, some 70,000bpd less than last week, as protests have partly blocked flows...

Saudi’s non-oil sector to drive growth: QNB 17 Feb 2014 - 12:13 am

Doha: The non-oil private sector is expected to be the key driver of growth in 2014 in Saudi Arabia, boosted by large public...

Du agrees terms on $720m five-year loan 17 Feb 2014 - 12:12 am

DUBAI: UAE telecom firm du has agreed terms on a $720m loan which will be used to replace two existing debt facilities and...

Luxembourg to pass sukuk bill by April 17 Feb 2014 - 12:12 am

LUXEMBOURG: Luxembourg’s parliament could pass a bill as soon as two months from now to facilitate its first issue of sovereign sukuk, though...

ADX for unifying back offices of UAE bourses 17 Feb 2014 - 12:11 am

ABU DHABI: Stock markets in the United Arab Emirates should unify their back office operations and processes for settlement and regulation, the chief...

Dubai’s Deyaar seeks foreign investments 17 Feb 2014 - 12:11 am

DUBAI: Dubai property developer Deyaar said yesterday that it planned to allow foreigners to begin investing in its shares and hold up to...

Iran plans carbon emissions trading market 17 Feb 2014 - 12:11 am

DUBAI: Iran plans to set up a carbon trading market to reduce industrial emissions of climate-warming gas, an official from Iran’s Fuel Conservation...

Weekly Commodity Update: Precious metals lead broad commodity strength this week 17 Feb 2014 - 12:09 am

By Ole Hansen (Head of Commodity Strategy, Saxo Bank) On a broad basis, commodities were strong this week, particularly in the precious metals...

Rakuten buys chat app Viber for $900m 16 Feb 2014 - 07:29 am

Viber’s Founder and CEO Talmon Marco at the Mobile World Congress in Barcelona. TOKYO: Japanese e-commerce giant Rakuten Inc, controlled by billionaire Hiroshi...

Ezdan honours best employees 16 Feb 2014 - 07:28 am

An employee receiving the award during the ceremony. DOHA: Ezdan Holding group recently honoured about 50 of its outstanding employees during an annual...

Malabar Gold’s showroom relocated 16 Feb 2014 - 07:26 am

Kannada Actress Thara receiving the first sale from Power Star Puneeth Rajkumar at the inauguration of Malabar Gold and Diamonds’ newly relocated showroom...

Trader Joe’s for expansion 16 Feb 2014 - 07:24 am

Shoppers look over the offerings at the new Trader Joe’s store in Boulder, Colorado. Trader Joe’s opened in Colorado for the first time...

China’s consumer prices rise 16 Feb 2014 - 07:23 am

A trailer carrying cars travels past vans parked at a port in Dalian, Liaoning province, yesterday. China’s consumer prices rose 2.5 percent in...

ThyssenKrupp posts impressive profit 16 Feb 2014 - 07:22 am

A plant and blast furnace of ThyssenKrupp Steel Europe AG in Duisburg. The German industrial posted a better than expected quarterly operating profit,...