Business

Greece gets more time for austerity cuts 25 Oct 2012 - 05:06 am

ATHENS: Greece’s finance minister said yesterday that his country had been given additional time by its international lenders to impose its austerity cuts,...

Manufacturing sector in China shows signs of recovery 25 Oct 2012 - 05:05 am

BEIJING: China’s manufacturing sector showed signs of recovery yesterday as an HSBC survey provided fresh evidence that the worst may be over for...

Ford to close Belgium plant by end-2014 25 Oct 2012 - 05:04 am

GENK, Belgium/MADRID: Ford Motor Co will close a Belgian factory employing 4,300 workers by the end of 2014, shifting production to Spain as...

Bank of Khartoum to restart Islamic bond sale 25 Oct 2012 - 05:04 am

KHARTOUM: Bank of Khartoum, Sudan’s oldest bank, plans to start selling Islamic corporate bonds, or sukuks, again as the economic outlook for African...

Etisalat waiting for takeovers 25 Oct 2012 - 05:04 am

DUBAI: Middle East telecom operator Etisalat expects a shakeout in the sector to throw up takeover opportunities in the next 18 months and...

Mashreq bank Q3 profit jumps 86 percent 25 Oct 2012 - 05:03 am

DUBAI: Mashreq, Dubai’s second-biggest bank by stock market value, yesterday posted an 86 percent year-on-year jump in net profit for the third quarter...

Peugeot gets govt rescue as crisis deepens 25 Oct 2012 - 05:02 am

PARIS: PSA Peugeot Citroen unveiled a government-backed refinancing deal for its lending arm as the struggling French automaker’s financial position deteriorated further, sending...

HSBC Qatar to host top economists 24 Oct 2012 - 08:12 am

David Bloom, Stephen King and Simon Williams will be giving presentations on global economic scenario. DOHA: HSBC Qatar will be hosting Stephen King,...

Qatar real estate deals jump 231pc 24 Oct 2012 - 08:11 am

DOHA: Real estate transactions in Doha jumped 231 percent last week (from October 14 to October 18) compared to the previous week, suggests...

Al Khaliji posts QR378m profit 24 Oct 2012 - 08:11 am

DOHA: Al Khalij Commercial Bank (al khaliji) has recorded a net profit after tax of QR378m for the first nine months of 2012. ...

NBAD Q3 profit up 9 percent on investment gains 24 Oct 2012 - 08:10 am

ABU DHABI: National Bank of Abu Dhabi , the largest lender by market value in the United Arab Emirates, beat analyst estimates by...

Qatari bourse index loses 25.53 points 24 Oct 2012 - 08:10 am

Doha: Qatar Exchange was down 25.53 points or 0.30 percent yesterday to 8,511.97 points from the previous closing of 8,537.50. The volume of...

Mashreq introduces loan for small business 24 Oct 2012 - 08:10 am

Doha: Mashreq Qatar, a leading financial institution in the region, has expanded its bouquet of financial solutions to facilitate small business owners and...

QIIC records QR45.3m net profit 24 Oct 2012 - 07:34 am

Sheikh Abdullah bin Thani AI Thani & Ali Ibrahim AI Abdulghani DOHA: Qatar Islamic Insurance Company (QIIC) recorded QR45.3m aggregate net profits for...

Qatar’s non-mining sector records 8.5 percent growth 24 Oct 2012 - 07:34 am

By Satish Kanady DOHA: Giving clear signals that Qatar’s strategic plan to diversify its economy is bearing fruit, the country’s non-mining sector has...

Barzan Project reaches peak construction stage 24 Oct 2012 - 07:32 am

Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada with other officials during his visit. Doha: A senior delegation...

Doha Bank signs MoU with bullion brand PAMP 24 Oct 2012 - 07:15 am

DOHA: After the successful launch of the ‘Bullion Initiative’ by Doha Bank earlier this year, the bank has taken the next step forward...

Qtel completes Wataniya acquisition; NBK advises 24 Oct 2012 - 07:15 am

DOHA: Qtel has announced the completion of its mandatory tender offer for Wataniya Telecom. “Following approval from the Kuwait Capital Markets Authority and...