Business

Austria joins Luxembourg for EU bank secrecy talks 10 Apr 2013 - 01:01 am

VIENNA/LONDON: Austria will join Luxembourg for talks with the European Union on how to crack down on cross-border tax cheats, Chancellor Werner Faymann...

Qatar Exchange index sheds 2.37 points 10 Apr 2013 - 01:01 am

Doha: Qatar Exchange index dropped 2.37 points or 0.03 percent yesterday to 8,518.34 points from the previous closing of 8,520.71. The volume of...

Saudi banks beat Q1 profit forecast 10 Apr 2013 - 01:00 am

DUBAI: Saudi Hollandi Bank and Saudi British Bank (SABB) beat estimates for first-quarter net profit, with both lenders attributing the growth in earnings...

UAE introduces direct debit system for banks 10 Apr 2013 - 01:00 am

DUBAI: The United Arab Emirates central bank said yesterday it was introducing a direct debit system for commercial banks, a step which could...

Cyprus economy limps back 10 Apr 2013 - 12:57 am

Workers on a scaffolding after restart of construction projects in Nicosia, Cyprus, yesterday. The long bank closure throughout the island has severely affected...

Spain economy faring better than last year 10 Apr 2013 - 12:57 am

MADRID: Spain’s economy is faring a little better after an end-2012 slump and growth could even return by the end of the year,...

Fresh gasoil from Russia reaches Syria 10 Apr 2013 - 12:56 am

LONDON: A fresh delivery of Russian gasoil has reached a government-controlled port in Syria this month, according to shipping sources and tracking data,...

Kerry promises support for Palestinian economy 10 Apr 2013 - 12:56 am

TEL AVIV: US Secretary of State John Kerry said yesterday he had agreed to work with Israeli and Palestinian leaders to boost economic...

Yen rallies ending three-day drop 10 Apr 2013 - 12:55 am

NEW YORK: The yen rallied yesterday, snapping a three-day decline against the dollar as it neared 100 to the US currency, while expectations...

Jordan, Iraq sign oil-gas pipeline deal, says report 10 Apr 2013 - 12:55 am

AMMAN: An Iraqi official said yesterday Amman and Baghdad have signed a deal to extend an $18bn pipeline to the Red Sea city...

Al Sada inaugurates hi-tech drilling rig 09 Apr 2013 - 01:06 am

The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada, Chairman of GDI Saad Sherida Al Kaabi, CEO of...

Infrastructure spending pays off, says QFC report 09 Apr 2013 - 01:01 am

FROM LEFT: Gwyn Roberts, QFC Authority Chief Strategic Development Officer, Yousuf Mohammed Al Jaida, QFC Authority CEO and Board Member Shashank Srivastava and...

Qatar to invest $200bn in major projects 09 Apr 2013 - 01:00 am

Board Member and Managing Director of Qatar Financial Centre Authority, Abdulrahman Al Shaibi, addressing the Bloomberg conference yesterday. Abdul Basit DOHA: The hydrocarbons-rich...

Qatar First Bank bids for US Navy building 09 Apr 2013 - 12:56 am

DOHA: PCP Capital Partners, an investment house run by British dealmaker Amanda Staveley and Qatar First Bank, have submitted a £250m ($383.79m) bid...

Public spending will boost diversification 09 Apr 2013 - 12:56 am

Doha: Qatar’s preliminary full year 2012 GDP data, which was released at the end of March showed that real GDP grew 6.2 percent,...

QDB wins accolades for supporting SMEs 09 Apr 2013 - 12:55 am

Chief Executive Officer of CPI Financial, Adam Broom, presenting the coveted award to QDB’s Executive Director for Strategic Planning and Control Abdulaziz Al...

Islamic Holding Group profits surge to QR2.106m 09 Apr 2013 - 12:53 am

DOHA: Islamic Holding Group disclosed its financial results for the period ended on March 31 following the meeting of the Company’s Board of...

S&P affirms Doha Bank’s credit ratings 09 Apr 2013 - 12:51 am

PARIS: Standard & Poor’s Ratings Services yesterday said that it had affirmed its ‘A-/A-2’ long- and short-term counterparty credit ratings on Qatar-based Doha...