Business

AirAsia plans to raise $300m from IPO 14 May 2013 - 12:04 am

KUALA LUMPUR: Malaysian tycoon Tony Fernandes plans to raise up to $300m by listing shares in the long-haul arm of AirAsia, slated for...

A350 progressing well to first flight 14 May 2013 - 12:03 am

PARIS: Europe’s newest passenger jet, the A350, is “progressing well on its route to first flight,” manufacturer Airbus said yesterday. The planemaker issued...

Qatar boosts relations with Hungary 13 May 2013 - 01:25 am

The Vice Chairman of Qatar Chamber, Mohammed bin Towar Al Kuwari, and Vice President of the Hungarian Chamber of Commerce and Industry, Ferenc...

Abu Dhabi to get new financial hub 13 May 2013 - 01:24 am

Chief of ADS Holding, Mahmood Ebraheem Al Mahmood ABU DHABI: Abu Dhabi’s planned financial zone will complement Dubai, which should benefit from a...

Al Sada meets Ukrainian Deputy PM 13 May 2013 - 01:18 am

The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada with the Ukrainian Deputy Prime Minister Kostyantyn Gryschchenko at...

Qatar Shell, Chiyoda Almana in deal to manage Pearl GTL plant 13 May 2013 - 01:17 am

Managing Director and Chairman of Qatar Shell, Wael Sawan, and Chairman of Chiyoda Almana Engineering, Madoka Koda, exchanging the agreement. DOHA: Qatar Shell...

Egypt given $3bn Qatari deposit at 3.5pc 13 May 2013 - 01:14 am

CAIRO: Egypt received a $3bn deposit from Qatar on Thursday, a central bank official said yesterday, shoring up finances hit by economic turmoil...

Saudi Arabia’s market regulator caps first-day price volatility 13 May 2013 - 01:13 am

DUBAI: The Saudi Capital Market Authority (CMA) yesterday announced that stocks on the kingdom’s bourse would be limited to price swings of 10...

QFB appoints UK firm to set up new branch 13 May 2013 - 01:13 am

DOHA: Qatar First Bank (QFB), has appointed Allen International, a UK-based strategic brand and retail consultancy, to create a concept for its first...

Qatar postpones listing of $12bn investment firm 13 May 2013 - 01:13 am

DUBAI: A planned stock market listing for Doha Global Investment Co, a $12bn Qatari investment company backed by assets from the sovereign wealth...

India probing breach in $45m ATM heist 13 May 2013 - 01:10 am

A man walks past a National Bank of Ras Al Khaimah (RAKBANK) branch at Dubai Marina, yesterday. MUMBAI/BANGALORE: The Indian government’s cyber watchdog...

Bank Muscat looking at options to recover money 13 May 2013 - 01:10 am

DUBAI: Bank Muscat, the main victim of a $45m global cyber heist, is examining all options to recover the money it lost in...

Kuwait Airways to buy 25 Airbus aeroplanes 13 May 2013 - 01:09 am

KUWAIT CITY: Kuwait’s national carrier is due to sign a multi-billion-dollar deal with Airbus to purchase 25 new aircraft valued at $3bn with...

Sudan inflation eases 13 May 2013 - 01:08 am

KHARTOUM: Sudan’s annual inflation rate eased to 41.4 percent in April from 47.9 percent in March as food price inflation fell, official data...

Bahrain’s Al Baraka Q1 net profit up 15pc 13 May 2013 - 01:08 am

DUBAI: Bahrain-based Islamic lender Al Baraka Banking Group posted a 15 percent increase in first-quarter net income, the bank said yesterday. Al Baraka,...

Barwa Bank equity fund assets reach QR100m 13 May 2013 - 01:07 am

CEO of The First Investor, Khalid Al Subeai and CEO of Barwa Bank Group, Steve Troop. DOHA: Barwa Bank’s recently launched first equity...

Banks lift Abu Dhabi to 54-month high 13 May 2013 - 01:06 am

An investor monitors stock information on an electronic board at the Stock Exchange in Tunis. DUBAI: Abu Dhabi’s bourse rose to a fresh...

IILM treads fine line in designing first sukuk 13 May 2013 - 01:05 am

SYDNEY: The International Islamic Liquidity Management Corp (IILM) faces a delicate task as it designs its maiden sukuk: It must make the issue...