Business

Citigroup CEO Vikram Pandit resigns 17 Oct 2012 - 06:20 am

New York: Citigroup Inc Chief Executive Vikram Pandit resigned abruptly yesterday, effective immediately, a shock change at the top of the bank just...

India’s appetite for natural gas insatiable: Ministry official 17 Oct 2012 - 06:19 am

RasGas delegation at Petrotech 2012 presents S Jaipal Reddy, India’s Minister of Petroleum and Natural Gas, with a memento at the Petrotech 2012...

Lending curbs to impact Qatar banks’ growth 17 Oct 2012 - 06:16 am

DOHA: The cap on Qatar’s retail lending and Qatari banks’ increasing reliance on foreign interbank borrowing will significantly impact the growth potential of...

Qatari bourse adds 35.21 points 17 Oct 2012 - 06:16 am

Doha: Qatar Exchange pursued its upswing trend yesterday, adding 35.21 points or 0.41 percent to advance to 8,558.12 points from 8,522.91 on Monday. ...

Saudi to award Jubail-Dammam rail contracts 17 Oct 2012 - 06:16 am

ABU DHABI: Saudi Arabia is expected to award contracts for construction of the planned 115km rail link between its industrial city of Jubail...

Zain Saudi’s Q3 net loss widens 17 Oct 2012 - 06:15 am

RIYADH: Telecoms operator Zain Saudi said its net loss widened by two percent in the third quarter, attributing the deterioration to lower revenue...

Ernst & Young to honour Sheikh Thani with Lifetime Achievement award 16 Oct 2012 - 04:06 am

DOHA: Sheikh Thani bin Abdullah bin Thani Al Thani (pictured), well-known businessman, will be presented with a Lifetime Achievement Award at Ernst &...

Qatar studies investment in M Stanley: PM 16 Oct 2012 - 04:05 am

DOHA: Qatar is studying a proposal to invest in the commodities trading arm of US investment bank Morgan Stanley, the Prime Minister and...

Qatar’s LNG pricing strategy justified, says market analyst 16 Oct 2012 - 04:03 am

DOHA: Amid the ongoing standoff between the gas producing countries and buyers over the pricing strategy, a top energy market analyst has totally...

Global oil market well-supplied: Energy Minister 16 Oct 2012 - 04:03 am

TOKYO: The global oil market is well supplied and oil stock levels are healthy, Qatar’s Minister of Energy and Industry H E Dr...

Barwa Bank launches Qotof Islamic financial packages 16 Oct 2012 - 04:00 am

Barwa Bank officials during the launch of Qotof. DOHA: Barwa Bank, Qatar’s Shariah compliant banking service provider, has launched Qotof, a suite of...

Derivatives led Aabar to ditch Daimler stake 16 Oct 2012 - 03:59 am

DUBAI/FRANKFURT: Aabar’s disposal of its stake in Daimler early this month was triggered by a failed derivatives deal underpinning the Abu Dhabi investment...

Softbank to buy 70pc of Sprint 16 Oct 2012 - 03:58 am

TOKYO: Japanese mobile operator Softbank Corp said it will buy about 70 percent of Sprint Nextel Corp, the third-largest US carrier, for $20.1bn...

UAE 2011 fiscal surplus $9.9bn, below IMF estimate 16 Oct 2012 - 03:58 am

DUBAI: The United Arab Emirates booked a consolidated state budget surplus of Dh36.2bn ($9.9bn) in 2011, the country’s finance ministry said yesterday, publicly...

Qatari bourse index climbs 0.4pc; regional markets up 16 Oct 2012 - 03:58 am

DUBAI: Qatar Exchange’s index climbed 0.4 percent to its highest close since October 3 as earnings boosted sentiment. Industries Qatar gained 1.7 percent,...

India inflation at 10-month high; rate cut hopes fade 16 Oct 2012 - 03:58 am

NEW DELHI: India’s inflation accelerated to a 10-month high, hitting 7.81 percent in September, data yesterday showed, diminishing chances of an interest rate...

KPMG seminar to discuss Qatar’s innovative growth 16 Oct 2012 - 03:57 am

DOHA: Business leaders from across Qatar will attend KPMG’s climate change and sustainability seminar to discuss the challenges and opportunities of innovative growth...

Weekly Money Market Review with IBQ: Central Bank liquidity battles poor global economic data 16 Oct 2012 - 03:22 am

Over the past couple of weeks, markets attention has been divided over major global subjects. Indeed, after the impressive equity markets rally we...