Business

Egypt parliament halts reading of tax law needed for IMF deal 30 Apr 2013 - 12:55 am

CAIRO: Egypt’s parliament halted its reading of a new income tax law yesterday, saying the government had not shown who would be affected...

Bahrain picks banks for sovereign bond 30 Apr 2013 - 12:54 am

DUBAI: Bahrain has mandated banks for a sovereign bond issue, three sources familiar with the matter said yesterday, with proceeds likely to help...

Qatar, Norway and Azeri SWFs take over half of VTB share offering 30 Apr 2013 - 12:53 am

Cars drive past an office of VTB bank in Moscow yesterday. VTB attracted a new class of sovereign investors into Russia with a...

Gulf states to keep growing despite cheaper oil 30 Apr 2013 - 12:53 am

DUBAI: Economic growth in Gulf Arab economies is expected to slow through next year but should still be healthy as investment in the...

Fiat profit falls in Q1; Chrysler sales slump 30 Apr 2013 - 12:52 am

DETROIT/MILAN: Carmaker Fiat’s first quarter profit slumped more than expected as its US unit Chrysler’s sales suffered from the phase out of the...

Iran squeezed by higher edible oil costs 30 Apr 2013 - 12:52 am

KUALA LUMPUR: Iran is having to pay a premium for basic foodstuffs such as cooking oil, highlighting the increasing strain on Tehran from...

US officials arrest Swiss banker 30 Apr 2013 - 12:42 am

ZURICH: US officials have arrested a former UBS banker working for the Swiss operations of Coutts, the private banking division of Royal Bank...

Qatar’s reforms hailed 29 Apr 2013 - 01:20 am

Qatar Statistics Authority President Sheikh Hamad bin Jabor bin Jassim Al Thani (left); Representative of the UN Development Programme, Paolo Limbu (right); and...

QIB nets QR291m profit 29 Apr 2013 - 01:20 am

DOHA: Qatar Islamic Bank’s (QIB) net profit reached QR291m for the first quarter of 2013. The bank’s total assets increased by 16.6 percent...

Dubai Chamber wins Best CSR Project award 29 Apr 2013 - 01:19 am

Officials posing with the award in Doha recently. DOHA: Dubai Chamber of Commerce and Industry has won the Best CSR Project in the...

Ibrahim Al Saqaabi is Acting CEO of Al Mazaya Holding 29 Apr 2013 - 01:18 am

DOHA: Al Mazaya Holding Company, the leading real estate company in the Gulf region and listed on Kuwait and Dubai stock exchanges, announced...

Central banks, data to steer investors in US 29 Apr 2013 - 01:17 am

NEW YORK: With signs of a slower economy mounting, the near-term outlook for US stocks isn’t rosy, but investors may find comfort next...

Key negotiator with IMF resigns in blow to Egypt 29 Apr 2013 - 01:16 am

CAIRO: A key Egyptian negotiator with the International Monetary Fund said yesterday that he has resigned as first deputy finance minister, in a...

GIS profit soars to QR135.8m in first quarter 29 Apr 2013 - 01:16 am

DOHA: Gulf International Services (GIS), a Qatar-based shareholding energy company listed on the Qatar Exchange, yesterday reported net profits of QR135.8m for the...

Moody’s, Morgan Stanley and S&P settle risky suits 29 Apr 2013 - 01:15 am

NEW YORK: Credit ratings agencies Moody’s, Standard & Poor’s, and investment bank Morgan Stanley have reached agreements to settle two lawsuits on accusations...

Qatar’s current account surplus widens: Report 29 Apr 2013 - 01:15 am

DOHA: Qatar’s current account surplus widened to QR226.9bn ($62.3bn) in 2012, or 32.4 percent of gross domestic product, the central bank’s preliminary data...

Qatar Exchange resumes upward momentum 29 Apr 2013 - 01:14 am

DOHA/DUBAI: Qatar resu-med its upward momentum yesterday after the previous session’s reverse, while heavy buying of mid-cap stocks sent Dubai to a new...

ANA tests modified Dreamliner 29 Apr 2013 - 01:14 am

TOKYO: A modified Dreamliner took to the skies over Tokyo yesterday with top Boeing and ANA executives aboard, as the plane maker and...