Business

Qatari bourse index loses 55.39 points 17 Jun 2013 - 12:13 am

Doha: Qatar Exchange index yesterday lost 55.39 points or 0.58 percent to 9,424.41 points from the previous closing of 9,479.80 points. The volume...

Waha buys 97pc stake in Anglo Arabian 17 Jun 2013 - 12:13 am

ABU DHABI: Abu Dhabi investment firm Waha Capital has acquired a 97-percent stake in a UAE healthcare company and plans to invest up...

Co-op Bank close to rescue package 17 Jun 2013 - 12:13 am

LONDON: Britain’s Co-operative Bank is close to agreeing a rescue package with the Bank of England that will plug a capital shortfall of...

Aramco-Dow JV raises funding for $19bn project 17 Jun 2013 - 12:02 am

DUBAI: Sadara Chemical Co, a joint venture between Saudi Aramco and Dow Chemical, has signed a fundraising package for the $19.3bn petrochemical complex...

International Islamic wins award at Global Sukuk Summit 16 Jun 2013 - 06:18 am

Sheikh Dr Khalid bin Thani bin Abdullah Al Thani, International Islamic Chairman and Managing Director, receiving the award at the Global Sukuk Summit...

Paris Air Show from tomorrow 16 Jun 2013 - 06:17 am

A worker finishes installing a UAV model at the Aviation Industry Corporation of China (AVIC) exhibition area, two days before the opening of...

Rentals in upcoming malls higher: Report 16 Jun 2013 - 06:17 am

BY MOHAMMAD SHOEB DOHA: Asking rental rates in some upcoming malls in Qatar are 20 to 30 percent higher compared to the prevailing...

M&M buys stake in Spanish firm 16 Jun 2013 - 06:16 am

NEW DELHI: India’s biggest sports utility vehicle maker, Mahindra & Mahindra (M&M) announced yesterday that it was acquiring a 13.5 percent stake in...

QE’s corporate earnings surge to $2.8bn in Q1 16 Jun 2013 - 06:16 am

DOHA: Qatar Exchange’s (QE) corporate earnings surged to 10.7 percent year-on-year to $2.8bn in Q1 this year due to growth across sectors, barring...

British PM strikes ‘tax havens’ deal 16 Jun 2013 - 06:13 am

Former UN secretary-general Kofi Annan (left), Nigerian Finance Minister Ngozi Okonjo-Iweala (second left), President of Somalia Hassan Sheikh Mohamoud (fifth left) among others...

Mena growth outlook strong: QNB Group 16 Jun 2013 - 06:13 am

Doha: The economic outlook of Middle East and North Africa (Mena) region remains strong, according to QNB Group. Notwithstanding significant headwinds from the...

SummerFest Abu Dhabi holds Qatar roadshow 16 Jun 2013 - 06:12 am

DOHA: Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) has brought the emirate’s SummerFest Abu Dhabi promotion direct to the Qatari market...

United may shift to Dreamliner, A350 16 Jun 2013 - 06:11 am

NEW YORK: United Airlines is in talks to buy the largest versions of Boeing’s 787 Dreamliner and Airbus’s A350, making it the first...

Ivory Coast seeks to double palm oil output 16 Jun 2013 - 06:08 am

A woman dries palm seeds in Dabou, Abidjan. Ivory Coast is seeking to double palm oil production to around 600,000 tonnes by 2020.

Egypt verifying reform plan with the IMF 16 Jun 2013 - 06:08 am

ABU DHABI: Egypt’s government is in the late stages of verifying its economic reform programme with the International Monetary Fund before obtaining a...

Troubled Detroit defaults on debt 16 Jun 2013 - 06:08 am

CHICAGO: The troubled US city of Detroit defaulted on its debt payments on Friday as it threatened to become the country’s largest-ever municipal...

Tax raid tarnishes India’s gold industry: Association 16 Jun 2013 - 06:07 am

MUMBAI: A raid by dozens of tax inspectors on one of India’s biggest gold traders this week has tarnished the reputation of an...

Mitsui on rocks after Kawasaki calls off merger 16 Jun 2013 - 06:07 am

TOKYO: Mitsui Engineering & Shipbuilding Co faces an urgent need to consider measures for survival after the cancellation of a planned merger with...