Business

Qatar, RWE in initial talks on DEA unit 13 Jul 2013 - 01:55 am

FRANKFURT: Qatar, the world’s biggest liquefied gas producer which is looking to grow more quickly abroad, has held initial talks with Germany’s No...

European stocks edge up on US inflation 13 Jul 2013 - 01:55 am

LONDON: European stock markets rose slightly yesterday, as traders weighed higher inflation data in the US and signals from China that growth this...

India’s May industrial output shrinks 13 Jul 2013 - 01:54 am

NEW DELHI: India’s industrial output shrank by a shock 1.6 percent in May from a year ago, data showed yesterday, adding to mounting...

Infosys profit up 3.7pc in first quarter 13 Jul 2013 - 01:54 am

NEW DELHI: Indian IT outsourcing giant Infosys reported yesterday a nearly four percent rise in quarterly net profit and kept its market forecast...

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...