Business

Luxembourg says willing to ease banking secrecy 08 Apr 2013 - 04:42 am

BERLIN: Luxembourg is prepared to ease its banking secrecy rules and work more closely with foreign tax authorities, Finance Minister Luc Frieden (pictured)...

France expects 0.1pc growth 08 Apr 2013 - 04:41 am

PARIS: French Finance Minister Pierre Moscovici yesterday said that France’s economy was expected to grow just 0.1 percent this year, revising downward an...

Etihad Q1 passenger revenues up 19pc 08 Apr 2013 - 04:41 am

ABU DHABI: Etihad Airways said passenger revenues rose 19 percent in the first quarter as Abu Dhabi’s flagship carrier expanded globally through partnership...

Morgan Stanley appoints new Mena chairman 08 Apr 2013 - 04:41 am

DUBAI: Morgan Stanley named veteran banker Sammy Kayello as the chief executive and chairman of its business in the Middle East and North...

Riyad Bank posts 5.5pc rise in first quarter profit 08 Apr 2013 - 04:41 am

RIYADH: Saudi Arabia’s Riyad Bank posted a 5.5 percent rise in its first-quarter profits yesterday, beating analysts’ forecasts. The kingdom’s third-largest listed bank...

Zain says Iraq unit to complete IPO this year 08 Apr 2013 - 04:40 am

KUWAIT: Kuwait’s No.1 telecom operator Zain yesterday said its Iraqi unit would complete an initial public offering by the end of 2013, signally...

Shuaa names head for Saudi arm 08 Apr 2013 - 04:40 am

DUBAI: Shuaa Capital has named Kamel Almunajjed as chairman of its Saudi Arabia subsidiary, the Dubai-based investment bank’s latest senior appointment as it...

EFG still awaiting Cairo approval for QInvest merger deal 08 Apr 2013 - 04:39 am

CAIRO: EFG Hermes, the Middle East’s top investment bank, yesterday said a merger deal with Qatari investment company QInvest will lapse on May...

Mixed trading in Gulf bourses 08 Apr 2013 - 04:39 am

DUBAI: Kuwait’s small-caps helped lift the bourse to a 26-month high yesterday as investors bet on improving earnings, while other regional markets were...

Group to acquire majority stake in Egypt’s NSGB 08 Apr 2013 - 04:39 am

DOHA: QNB Group, under its new expansion plan to enter into the Egyptian banking sector, has announced to acquire a majority stake (over...

Doha Bank gets nod to list more shares 08 Apr 2013 - 04:37 am

Doha: The Chairman of Doha Bank Sheikh Fahad bin Mohammed bin Jabor Al Thani (pictured) announced that the bank has obtained approval from...

Ezdan to build 10 residential complexes 08 Apr 2013 - 02:12 am

The Chairman of Ezdan Holding Sheikh Dr Khalid bin Thani bin Abdullah Al Thani and other board members during the annual general meeting...

QNB Group net profit QR2.1bn 08 Apr 2013 - 02:10 am

The Minister of Economy and Finance and Chairman of QNB Group, H E Yousuf Hussein Kamal. RIGHT: QNB Group CEO Ali Shareef Al...

MoU signed with ADB to promote cross-border liquidity management 07 Apr 2013 - 06:35 am

Rajat Nag (left) and Professor Datuk Rifaat Ahmed Abdel Karim sign the memorandum of understanding. H E Sheikh Abdulla bin Saoud Al Thani...

Emir to open World Chambers Congress on April 23 07 Apr 2013 - 06:35 am

Doha: The Emir H H Sheikh Hamad bin Khalifa Al Thani will inaugurate the ICC-WCF 8th World Chambers Congress on April 23 at...

IILM announces short-term sukuk plan 07 Apr 2013 - 06:34 am

DOHA: The Governing Board of the Kuala Lumpur-based International Islamic Liquidity Management Corporation (IILM) announced its inaugural short-term sukuk programme aimed at addressing...

South Sudan restarts oil production 07 Apr 2013 - 06:34 am

THAR JATH, South Sudan: South Sudan restarted oil production yesterday, ending a bitter 15-month row with former civil war foe Sudan and marking...

Croatia privatises ailing shipyard 07 Apr 2013 - 06:33 am

ZAGREB: The Croatian government yesterday privatised an ailing wharf as part of moves to restructure its shipbuilding sector in line with conditions for...