Business

Qatar Central Bank real estate price index rises in September 30 Oct 2013 - 01:11 am

DOHA: The 2013 third quarter update of Qatar Central Bank’s (QCB) real estate price index underlines Qatar’s real estate market is on the...

New budget key for Qatar’s development, says Minister 30 Oct 2013 - 01:11 am

DOHA: Finance Minister H E Ali Sherif Al Emadi has said that Qatar’s 2014 annual budget will be very special for the country...

Iran may have new oil contract ready soon 30 Oct 2013 - 01:10 am

DUBAI: Iran expects to draw up new framework agreements within six months, including oil production sharing contracts (PSCs), to lure foreign energy investors...

OGX oil firm says talks with creditors fail 30 Oct 2013 - 01:10 am

SAO PAULO: Brazilian tycoon Eike Batista’s troubled oil firm OGX announced yesterday that talks with creditors to restructure its ballooning debt had failed,...

Asian exports stall 30 Oct 2013 - 01:03 am

Cars parked for export at a port in Yokohama, south of Tokyo. Asia’s once-reliable export engine remains stalled two years into a global...

Al Khaliji’s net profit up 5.2pc to QR398.2m 30 Oct 2013 - 01:02 am

DOHA: Al Khaliji recorded a net profit of QR398.2m for the first nine months of 2013, an increase of 5.2 percent over its...

Refugee flow hits Jordan growth 30 Oct 2013 - 01:02 am

AMMAN: The cost of accommodating hundreds of thousands of Syrian refugees in Jordan is hampering the economy’s ability to grow substantially beyond a...

Qatar Navigation posts QR778m nine-month profit 30 Oct 2013 - 01:00 am

DOHA: Qatar Navigation Company (Milaha) recorded a net profit of QR778m for the nine months period ended September 30, 2013, up 22 percent...

Britain plans sovereign Islamic bonds 30 Oct 2013 - 12:59 am

From left: Afghan President Hamid Karzai, Brunei Sultan Hassanal Bolkiah, Malaysian Prime Minister Najib Razak, British Prime Minister David Cameron, Jordan’s King Abdullah...

UAE imposes limits on mortgage loans to avoid property bubble 30 Oct 2013 - 12:58 am

DUBAI: The United Arab Emirates has imposed limits on mortgage loans to prevent another boom-and-bust cycle in the property market, but the restrictions...

Qatar Exchange expects to obtain full membership in world federation 30 Oct 2013 - 12:56 am

A man reads a newspaper near a display screen showing stock information at the Qatar Exchange in Doha yesterday. Doha: Qatar Exchange (QE)...

More foreign investment to boost IPOs: QE 30 Oct 2013 - 12:56 am

DOHA: Qatar Exchange has submitted proposals to the government for higher limits on foreign ownership of listed stocks, which could encourage more companies...

Dubai school operator GEMS plans $500m hybrid sukuk 30 Oct 2013 - 12:55 am

DUBAI: GEMS Education, a Dubai-based schools operator, is seeking to raise about $500m from a debut sale of hybrid Islamic bonds to finance...

Lloyds takes $1.2bn mis-selling hit 30 Oct 2013 - 12:55 am

LONDON: Lloyds Banking Group yesterday set aside a further £750m ($1.2bn) to compensate customers mis-sold loan insurance, overshadowing a near-doubling of third-quarter underlying...

Pfizer earnings dip on patent expirations, taxes 30 Oct 2013 - 12:55 am

NEW YORK CITY: US pharmaceutical giant Pfizer Inc yesterday reported a 19 percent drop in earnings on lower revenues and higher taxes as...

Weekly Money Market Review with IBQ: Central banks’ expectations continue to drive markets 30 Oct 2013 - 12:04 am

The ramifications of the government shutdown continued to affect the US market conditions this week. Starting with warnings about the US credit rating,...

Barwa Bank sees sharp rise in profit 29 Oct 2013 - 04:41 am

Steve Troop (left), Chief Executive Officer of Barwa Bank, and Khalid Al Subeai, Chief Executive Officer of The First Investor (TFI), during an...

Qatar Rail to showcase project deals 29 Oct 2013 - 04:40 am

DOHA: The Qatar Railways Company (Qatar Rail), the company that oversees construction of Qatar’s multi-billion dollar integrated rail network, is to showcase the...