Business

Cyprus banks reopen 29 Mar 2013 - 03:34 am

People queue outside a Laiki bank branch in the Cypriot capital of Nicosia, yesterday, as they wait for the bank to open after...

Qatar’s corporate tax lowest: Report 29 Mar 2013 - 03:34 am

Doha: The GCC countries are studying the possibility of introducing Value Added Tax (VAT) by 2015, which may have a huge impact on...

President cuts own salary by 25pc 29 Mar 2013 - 03:34 am

NICOSIA: Cypriot President Nicos Anastasiades has decided to cut his own salary by 25 percent, while cabinet members will take a 20 percent...

BP to go ahead with $500m Shetlands investment 29 Mar 2013 - 03:33 am

LONDON: British oil group BP is pressing ahead with a $500m-plus investment in the Shetland Islands, a shot in the arm for the...

India slaps $363m tax demand on Nokia 29 Mar 2013 - 03:33 am

NEW DELHI: Struggling Finnish phone giant Nokia said yesterday Indian tax officials had slapped the company with a tax demand for a reported...

Tunisia seeks Qatari investments 28 Mar 2013 - 04:49 am

The Chairman of the Qatar Businessmen’s Association Sheikh Faisal bin Qassim Al Thani hands over a memento to Tunisian President Dr Mohamed Moncef...

British delegation seeks to capitalise on 2022 projects 28 Mar 2013 - 04:48 am

Some of the members of the British delegation. DOHA: The UK-based Middle East Association has brought in a delegation of British companies to...

SIIL wins nod for Salam Bounian acquisition 28 Mar 2013 - 04:47 am

Some of the directors of Salam International Investment Limited during their meeting. DOHA: The Board of Directors (BOD) of Salam International Investment Limited...

International Islamic gets top rating 28 Mar 2013 - 02:15 am

DOHA: Islamic International Rating Agency (IIRA) has assigned a national scale rating of A+/A-1 (QR) (A plus/A-one) to Qatar International Islamic Bank (International...

Revenue of banks grew 12pc in 2012 28 Mar 2013 - 02:14 am

DOHA: Revenue of Qatari banks grew by 12 percent in 2012 as the combined revenues of the banking industry in the Middle East...

Qatari bourse ends in green 28 Mar 2013 - 02:13 am

Doha/Dubai: Qatar Exchange traded in the green area yesterday adding 33.56 points (or 0.4 percent) to advance to 8,606.67 points from 8,573.11 Tuesday. ...

al khaliji to finance QR1bn Alfardan resort 28 Mar 2013 - 02:11 am

Officials of Alfardan and al khaliji after signing the agreement. DOHA: Al Khalij Commercial Bank (al khaliji) QSC has inked a deal to...

Doha Bank’s ratings get upgraded 28 Mar 2013 - 02:09 am

Chairman of Doha Bank Sheikh Fahad bin Mohammed bin Jabor Al Thani Doha: Capital Intelligence (CI), the international credit ratings agency, has affirmed...

Widam Food’s net profits surge by 29pc 28 Mar 2013 - 02:08 am

The Managing Director and Chief Executive Officer of Widam Food Ahmed Nasser Sraiya Al Kaabi. DOHA: Qatar’s premium meat provider Widam Food’s net...

EQ holds training sessions for SMEs 28 Mar 2013 - 02:07 am

Some of the participants in the Enterprise Qatar training workshops. DOHA: Enterprise Qatar (EQ) carried out the second of its series of workshop-training...

Kuwait budget surplus at $60.5bn 28 Mar 2013 - 02:06 am

KUWAIT: Kuwait had a budget surplus of KD17.2bn ($60.5bn) in the first ten months of its fiscal year, preliminary budget data showed yesterday,...

Qantas and Emirates get nod for ‘game-changing’ alliance 28 Mar 2013 - 01:13 am

Emirates and Qantas A380 aircraft sit on the tarmac at Kingsford Smith international airport in Sydney. SYDNEY: Australia’s competition watchdog yesterday gave final...

Qatar’s real GDP up 13pc in 2011: QSA 28 Mar 2013 - 01:10 am

BY MOHAMMAD SHOEB DOHA: Qatar’s real Gross Domestic Product (GDP) was up 13 percent in 2011 versus 16.7 percent in 2010 calculated at...