Business

Turkey faces interest rate dilemma as lira tumbles 12 Jul 2013 - 05:21 am

Turkish lira banknotes. ISTANBUL: Turkey’s central bank faced calls yesterday to raise interest rates to steady the embattled lira despite political pressure from...

Oil hits 15-month high 12 Jul 2013 - 05:21 am

LONDON: Global oil prices hit a 15-month high point yesterday, boosted by signs of strengthening demand in top consumer the US and ongoing...

QE extends rally, index gains 47.80 points this week 12 Jul 2013 - 05:21 am

DOHA: Qatar Exchange (QE) index extended its rally this week adding 47.80 points or 0.51 percent as the trading closed at 9,419.97 points...

ADIA to invest $200m in Indian real estate 12 Jul 2013 - 05:20 am

MUMBAI/DUBAI: Abu Dhabi Investment Authority (ADIA), one of the world’s biggest sovereign wealth funds, plans to invest about $200m in Indian real estate,...

Qatar to see bigger inflow of institutional investments 12 Jul 2013 - 05:20 am

DOHA: With MSCI putting Qatar on global investors’ radar by enhancing its market status to ‘Emerging’, the country is expected to witness new...

Bahrain’s GFH hopes for more active investment to secure recovery 12 Jul 2013 - 05:19 am

Manama: Bahrain-based investment firm Gulf Finance House (GFH) hopes a leaner balance sheet and a revamped business model can revive the fortunes of...

Binladin completes SR1bn sukuk sale 12 Jul 2013 - 05:19 am

DUBAI: Saudi Arabia’s Binladin Group, one of the largest construction firms in the kingdom, has completed a SR1bn ($266.7m) Islamic bond sale, two...

Most Gulf bourses gain 12 Jul 2013 - 05:18 am

DUBAI: Saudi Arabia’s Al Rajhi Bank fell yesterday, souring bourse sentiment after the kingdom’s largest listed lender posted a near-flat quarterly profit, while...

Iran asks India to settle all oil payments in rupees 12 Jul 2013 - 05:18 am

NEW DELHI: Iran has asked India to settle all oil trade including $1.53bn owed to Tehran in the partly convertible rupee as the...

Iraq offers three discovered oil blocks to India 12 Jul 2013 - 05:17 am

NEW DELHI: Iraq has offered three discovered oil blocks to India and has agreed to consider investing in Indian Oil Corp's 300,000 barrels...

QNB H1 net profits up 15.1pc; India operations to begin soon 11 Jul 2013 - 05:48 am

DOHA: QNB Group, the Middle East’s leading lender, recorded a strong net profit of QR4.7bn for the first half of 2013 (H1 2013)...

Qatari expert appointed advisor to Russian fund 11 Jul 2013 - 05:48 am

DOHA: The Russian Direct Investment Fund (RDIF) has appointed three new members, including Ahmad Al Sayed, CEO, Qatar Investment Authority, to the fund’s...

Qatari institutions buy more shares in June 11 Jul 2013 - 05:47 am

Doha: Qatari institutions bought marginally more shares in June compared with the percentage of shares of the total value bought in May, according...

RasGas delivers first LNG cargo to Mexico 11 Jul 2013 - 05:46 am

DOHA: RasGas Company Limited (RasGas) achieved yet another milestone yesterday when the first delivery of Liquefied Natural Gas (LNG) arrived at the Manzanillo...

Billions of Gulf aid push Egypt’s bourse up 11 Jul 2013 - 05:45 am

Traders at Egypt’s stock market in Cairo. DUBAI: Egypt’s bourse rose yesterday after Gulf countries pledged billions of dollars in aid but gains...

Indian firms take brunt of rupee’s slide: Agency 11 Jul 2013 - 05:44 am

NEW DELHI: Indian companies will be “severely” hit by the rupee’s plunge to record lows due to their hefty foreign debts, the country’s...

UK to privatise Royal Mail 11 Jul 2013 - 05:42 am

LONDON: Britain’s government yesterday announced plans to privatise more than half of Royal Mail, the state-run postal delivery service, following a major restructuring...

Investors warned of ‘dubious’ fund 11 Jul 2013 - 01:48 am

DOHA: QFC Regulatory Authority has strongly warned investors against a “$160m Investment Fund” which claims to be operating from Qatar. The regulatory authority...