Business

Gulf bond issuance to hit $37bn this year 24 Apr 2013 - 03:26 am

DUBAI: Total US dollar-denominated bond issues from the six Gulf Cooperation Council (GCC) countries are expected to hit $37bn in 2013, dominated by...

Egypt sees 3.8pc growth this fiscal 24 Apr 2013 - 03:25 am

CAIRO: Egypt said its economy will grow by 3.8 percent in the fiscal year starting in July as ministers outlined the 2013/14 budget...

HSBC to shed 1,149 jobs in Britain: Official 24 Apr 2013 - 03:25 am

LONDON: HSBC is cutting 1,149 jobs in Britain in another round of redundancies to save money and slim down Europe’s biggest bank. The...

Dubai flights rely on fuel refined from Iranian oil 24 Apr 2013 - 03:21 am

DUBAI: Fuel made from Iranian oil is legally powering thousands of flights a year out of Dubai’s booming airport, despite US pressure on...

Deputy Premier calls for revival of ‘Doha Round’ 23 Apr 2013 - 04:33 am

Deputy Prime Minister H E Ahmad bin Abdullah Al Mahmoud addressing the 8th edition of World Chambers Congress in Doha yesterday. By Satish...

Global trade deals could create 21 million jobs: ICC 23 Apr 2013 - 04:31 am

From left: Valentine Rugwabiza, Deputy Director General, World Trade Organisation (WTO); Gerard Worms, Chairman, International Chamber of Commerce (ICC) and Vice Chairman, Rothschild...

Stock brokers warned against giving huge discounts 23 Apr 2013 - 04:31 am

DOHA: Stock brokerages have been warned by the regulator of the Qatari bourse against giving more than 50 percent discount in commissions they...

Bali summit to focus on select ICC action plan: WTO Dy Chief 23 Apr 2013 - 04:30 am

DOHA: A top World Trade Organisation executive yesterday made it clear that the 2013 Bali WTO summit will not be focusing on all...

QCB to flexibly adjust regular debt issues 23 Apr 2013 - 04:30 am

DUBAI: Qatar Central Bank (QCB) will, if needed, flexibly adjust the amounts of local currency bonds and Treasury bills which it offers, and...

QR40.4m profit for QIMC in first quarter 23 Apr 2013 - 04:30 am

Doha: Qatar Industrial Manufacturing Company (QIMC) disclosed the interim financial statement for the three month period ended March 31, 2013. The statements revealed...

Masraf Al Rayan nets QR400m profit in Q1 23 Apr 2013 - 04:29 am

DOHA: Masraf Al Rayan achieved a net profit of QR400m for the first quarter of 2013, an increase of 13.3 percent compared to...

QNB plans to issue 7-year bond worth up to $500m 23 Apr 2013 - 04:29 am

DUBAI/DOHA: Qatar National Bank plans to issue a seven-year bond of at least $500m in a swift one-day deal to take advantage of...

European stocks waver on Italy progress, US data 23 Apr 2013 - 04:29 am

LONDON: European stocks were mixed yesterday as traders balanced political progress in Italy with disappointing earnings and housing data from the US. On...

Oil prices rise on bargain hunting 23 Apr 2013 - 04:28 am

LONDON: Oil prices rose yesterday as bargain-hunters moved in following a price plunge last week that has prompted speculation about a possible cut...

Barwa Bank Q1 profit up 53pc 23 Apr 2013 - 04:28 am

Sheikh Mohamad bin Hamad bin Jassim Al Thani & Steve Troop DOHA: Barwa Bank’s net profit for the first quarter of 2013 reached...

Qatar index up 0.19pc 23 Apr 2013 - 04:27 am

Doha: Qatar Exchange pursued its upswing trend yesterday, adding 15.88 points (or 0.19 percent) to advance to 8,442.66 points from 8,426.78 on Sunday....

Greece offers residence to foreign investors 23 Apr 2013 - 04:27 am

ATHENS: Greece will be offering residence to non-EU investors purchasing or renting property over ¤250,000 ($326,000), in a bid to revive its moribund...

Industries Qatar profit up 33pc 23 Apr 2013 - 04:27 am

DOHA: Industries Qatar (IQ) has recorded a net profit of QR2.54bn for the first quarter of 2013, a 33 percent increase over the...