Business

Oman’s first takaful firm takes shape 21 Jan 2014 - 11:29 pm

Muscat: Oman has seen the birth of its first Islamic insurance (takaful) firm as two others prepare to enter the market, hoping to...

Fiat completes buyout of Chrysler 21 Jan 2014 - 11:19 pm

MILAN: Fiat has completed its buyout of Chrysler, making the US business a wholly-owned subsidiary of the Italian carmaker as it gears up...

Hungary cuts base interest rate to record low of 2.85pc 21 Jan 2014 - 11:18 pm

BUDAPEST: Hungary’s central bank (MNB) cut its main interest rate to a record low level of 2.85 percent from three percent, yesterday. The...

LNG will continue to replace coal and oil: GECF official 21 Jan 2014 - 10:36 am

BY MOHAMMAD SHOEB DOHA: As a result of growing environmental concerns, the share of liquefied natural gas (LNG) in the global energy mix...

Doha Bank nets QR1.31bn profit 21 Jan 2014 - 10:35 am

DOHA: Doha Bank’s net profit for the full year 2013 reached QR1.31bn, up 0.6 percent, compared to QR1.30bn recorded a year ago. Announcing ...

Future lies in technology, say energy industry captains 21 Jan 2014 - 10:34 am

Bo Qiliang (left), Vice-President, PetroChina, and Amin H Nasser, Senior Vice-President, Upstream, Saudi Aramco. By Satish Kanady DOHA: The future of energy industry...

Growth in loans and deposits improved in December: QNB 21 Jan 2014 - 10:34 am

DOHA: Growth in loans and deposits improved in Qatar-based banks in December 2013. Loans climbed by 1.3 percent month-over-month (MoM) and finished up...

Belgium auto show 21 Jan 2014 - 10:32 am

A woman poses inside a car on display during an auto show in Gent, Belgium.

Peugeot car sales fall 21 Jan 2014 - 10:30 am

Maxime Picat, Head of Peugeot Brand, poses near a Peugeot 308 automobile as part of a news conference to announce sales figures in...

German car industry rocked by vote-rigging 21 Jan 2014 - 10:29 am

People walk inside the ADAC headquarters in Munich yesterday. BERLIN/FRANKFURT: Germany’s ADAC car club, Europe’s largest and most influential, said revelations it had...

Energy network plan 21 Jan 2014 - 10:28 am

Pipes for a new natural gas pipeline are unloaded on the former airfield in Ellund, Germany, yesterday. The pipes are aimed for the...

Growth in loans and deposits improved in December: QNB 21 Jan 2014 - 10:27 am

DOHA: Growth in loans and deposits improved in Qatar-based banks in December 2013. Loans climbed by 1.3 percent month-over-month (MoM) and finished up...

China’s economy grew 7.7pc last year: Govt 21 Jan 2014 - 10:27 am

BEIJING: China’s economy grew 7.7 percent last year, the government said yesterday, in line with expectations and the same as 2012, when it...

IILM issues $860m sukuk 21 Jan 2014 - 10:26 am

DOHA/KUALA LUMPUR: The Malaysia-based International Islamic Liquidity Management Corporation (IILM) has successfully conducted its sukuk issuance programme by auctioning $860m of three-month Islamic...

GDI takes possession of eighth jack-up drilling rig 21 Jan 2014 - 10:25 am

Doha: Gulf International Services, the largest service group in Qatar, completed the acquisition of its eighth jack-up drilling rig by its drilling joint...

Barwa Real Estate to sell 37.34pc stake in Barwa Bank for QR2.39bn 21 Jan 2014 - 10:22 am

DUBAI: Barwa Real Estate (BRE) said yesterday it had agreed to sell its 37.34 percent stake in unlisted Barwa Bank for QR2.39bn ($656m)...

Qatar bourse index down by 0.19 percent 21 Jan 2014 - 10:22 am

Doha: Qatar Exchange ended in the red when trading closed yesterday at 11,072.13 points, down 20.88 points or 0.19 percent from the previous...

Turkish lira at new low; rate hike ruled out 21 Jan 2014 - 10:22 am

ANKARA: Turkey’s currency sank to new record lows yesterday, pummelled by continuing political problems for the government of Prime Minister Recep Tayyip Erdogan....