Business

Iranian aviation sector faces turbulent times 21 Jan 2013 - 06:20 am

TEHRAN: Sky-rocketing fuel and ticket prices, a drop in passenger traffic and foreign currency shortages, all resulting from global sanctions, have forced Iran’s...

Kuwait’s China investment quota increased to $1bn 21 Jan 2013 - 06:18 am

KUWAIT: China’s foreign exchange regulator has increased the amount which Kuwait’s sovereign wealth fund can invest directly in the Chinese securities markets to...

Saudi crude oil exports fell to 7.15 million bpd in Nov 21 Jan 2013 - 06:17 am

DUBAI: Saudi crude oil exports fell by 124,000 barrels a day (bpd) to 7.154 million bpd in November, according to official data published...

JP Morgan lead manager for Doha Bank share sale 21 Jan 2013 - 06:17 am

By Satish Kanady DOHA: JP Morgan will be the lead manager for Doha Bank’s upcoming share sale, the bank’s Group CEO Dr R...

National Bank of Oman Q4 profit jumps 48pc 21 Jan 2013 - 06:16 am

DUBAI: National Bank of Oman, the sultanate's fourth-largest lender by market capitalisation, posted a 47.8 percent rise jump in fourth-quarter net profit yesterday,...

Al Meera rights issue from January 27 21 Jan 2013 - 06:15 am

Dr Mohammed Nasser Al Qahtani, Deputy CEO of Al Meera (right) and Adel Mustafawi, Masraf Al Rayan’s Group CEO, after signing the agreement...

QNB, Mannai join forces to offer cloud services to SMEs 21 Jan 2013 - 06:14 am

Top officials of QNB and Mannai during the press briefing, yesterday. DOHA: QNB, the largest financial institution in the Middle East and North...

QFBA and QFMA to hold CISI graduation ceremony 21 Jan 2013 - 06:13 am

FROM LEFT: Dr Abdulaziz Al Horr, CEO of QFBA, Nasser Al Sheeby, CEO of QFMA, and Simon Culhane, CEO of CISI, during the...

Dubai bourse hits 32-month closing high 21 Jan 2013 - 06:13 am

DUBAI: Dubai’s bourse rose to a 32-month closing high in heavy trade yesterday as it tested, but failed to break, long-term technical resistance....

Jazeera Airways raises capital by 74pc 21 Jan 2013 - 06:12 am

KUWAIT: Kuwait’s Jazeera Airways yesterday said it had raised its capital by 74 percent to KD42m ($149m) through a share issue which was...

Weekly Commodity Update: Dollar gains as economic data disappoints the markets 21 Jan 2013 - 06:11 am

The US dollar started the week on a soft tone against a basket of currencies as the risk rally sparked by the unanimity...

Weekly Commodity Update: Commodities rev up on promising data and hopes for stronger demand 21 Jan 2013 - 06:10 am

By Ole Hansen (Head of Commodity Strategy, Saxo Bank) Commodity markets moved up a gear during the past week as strong performances were...

US oil and gas reserves 20 Jan 2013 - 03:58 am

Workers change drilling pipes on the rotary table of a natural gas drilling rig near Towanda, Pennsylvania. Even though US natural gas prices...

Qatari bank asset quality set to improve 20 Jan 2013 - 03:58 am

By Satish Kanady DOHA: Balance-sheet constraints, intense competition and undiversified funding portfolios are posing challenges to the growth of Qatari banks. With government...

Qatar aid pushes Egypt’s foreign reserves to $15.5bn 20 Jan 2013 - 03:57 am

CAIRO: Egypt’s foreign reserves have risen to $15.5bn, helped by a deposit by Qatar to support the economy, its finance minister said, although...

Qatar to witness $27.5bn road upgrade 20 Jan 2013 - 03:57 am

Doha: Qatar’s road sector will witness a sharp increase in contract awards this year as the government initiates a major infrastructure upgrade of...

Business minister meets Moroccan economy minister 20 Jan 2013 - 03:57 am

Doha: Qatari and Moroccan ministers have discussed investment opportunities between the two countries in Riyadh yesterday. The Minister of Business and Trade H...

Kuwait’s 8-month budget surplus jumps to KD14.7bn 20 Jan 2013 - 03:56 am

Kuwait: Kuwait’s budget surplus for the first eight months (April 2012 to November 2012) of fiscal year 2012/2013 reached KD14.7bn ($52bn), exceeding the...