Business

Dollar up, stocks pare gains 31 Jul 2013 - 01:21 am

A screen showing the main index IBEX 35 at Madrid’s Stock Exchange Market, Spain, yesterday. The IBEX 35 rose shortly after the opening...

IMF warns Dubai on debt, surging property prices 31 Jul 2013 - 01:21 am

DUBAI: The International Monetary Fund (IMF) warned Dubai yesterday that the emirate might need to intervene in its property market to prevent another...

Mideast turmoil cuts into world oil supply 31 Jul 2013 - 01:21 am

LONDON: The fall of Middle East regimes and renewed conflict there have squeezed oil supply, returning the region’s politics to the fore as...

Shareholder lawsuits could cost RBS £4bn 31 Jul 2013 - 01:20 am

LONDON: Two lawsuits brought against Royal Bank of Scotland by shareholders who say they were misled into taking part in a 2008 cash...

Dubai sets up legal panel to pay investors in scrapped projects 31 Jul 2013 - 01:19 am

DUBAI: Dubai will liquidate scores of cancelled property projects and use the funds to repay investors who lost billions of dollars in the...

US home prices rise in May 31 Jul 2013 - 01:19 am

NEW YORK: US home prices rose in May, suggesting the housing market recovery pushed ahead during the spring buying season, though the pace...

Oil boom in North Dakota 31 Jul 2013 - 01:18 am

A coal-burning energy plant is seen in an aerial view in the early morning hours yesterday near Bismarck, North Dakota. Gas flares are...

Crackdown on risk hits Barclays, Deutsche 31 Jul 2013 - 01:18 am

LONDON/FRANKFURT: A $9bn rights issue and a fresh purge of assets are among the measures Britain’s Barclays and Germany’s Deutsche Bank announced yesterday...

Algerian oil and gas exports fall 31 Jul 2013 - 01:17 am

ALGIERS: Algeria’s oil and gas exports fell 7.05 percent in the first half of 2013 from a year ago, official figures showed, hit...

Iraqi Kurds’ oil exports held up at Turkish port 31 Jul 2013 - 01:17 am

LONDON: Iraqi Kurdistan’s drive to independent oil exports has been delayed by customs red tape at a second Turkish port, sources familiar with...

Egyptian exports start to boom 31 Jul 2013 - 01:17 am

CAIRO: Egypt is in the early stages of an export boom, suggesting its economy could begin to recover in the next few months...

Morgan Stanley names Qatari as new head 31 Jul 2013 - 01:00 am

DUBAI: Morgan Stanley has appointed Qatari national Abdulla Al Ansari as the bank’s new head in the country, according to an internal memo...

Ministry seeks to boost performance 30 Jul 2013 - 02:27 am

Liaison officers taking part in a session on the opening day of the training programme yesterday. Doha: The Strategic Planning Department at the...

IQ nets QR4.6bn profit in H1 30 Jul 2013 - 12:52 am

DOHA: Industries Qatar (IQ), the region’s industrial giant, recorded a staggering QR4.6bn as the net profit for the first six months ended June...

QIMC to build QR500m tower; profit at QR80m 30 Jul 2013 - 12:52 am

DOHA: Qatar Industrial Manu-facturing Company (QIMC) is set to fly high by constructing a multi-use high rise tower in Doha’s skyline with an...

Key European stocks end flat 30 Jul 2013 - 12:50 am

Traders work on the floor of the New York Stock Exchange yesterday. LONDON: European stock markets ended yesterday’s session mostly flat, ceding early...

Egypt plans quick steps to spur economy 30 Jul 2013 - 12:50 am

CAIRO: Egypt’s new cabinet plans quick steps to spur the economy while laying the ground for a broader “Marshall Plan” to present to...

Ezdan, QGIRC profits rise 30 Jul 2013 - 12:50 am

Doha: Qatar General Insurance and Reinsurance Company disclosed the semi annual financial statements for the period ending June 30, 2013, revealing a net...