Business

US govt slaps S&P with $5bn fraud lawsuit 06 Feb 2013 - 07:20 am

WASHINGTON: The US government is seeking $5bn in its civil lawsuit against Standard & Poor’s, accusing the ratings service of defrauding investors, in...

Wholesale, retail contribution to GDP grows by 5.1pc 06 Feb 2013 - 07:19 am

DOHA: The share of wholesale and retail trade sector in Qatari GDP has grown by 5.1 percent, according to Qatar Statistics Authority’s (QSA)...

UAE banks to repay crisis capital 06 Feb 2013 - 07:19 am

DUBAI: Banks in the United Arab Emirates will this year aim to repay capital placed with them at the height of the global...

Siemens and Qatar Steel sign deal for substation 06 Feb 2013 - 07:18 am

DOHA: Siemens has signed a complete turnkey solution contract with Qatar Steel Company (QSC) to build a high-voltage substation. The 220/66/33-kilovolt (kV) substation...

QP, JCCP hold environment symposium 06 Feb 2013 - 07:17 am

Japanese Ambassador Kenjiro Monji, Corporate Environment and Sustainable Developmet Manager at Qatar Petroleum Dr Ali Hamed Abdullah Al Mulla, Japan Cooperation Centre, Petroleum...

Nine-month net profit of Toyota quadruples 06 Feb 2013 - 07:17 am

TOKYO: Toyota said yesterday net profit in the nine months to December quadrupled while it also lifted its full year earnings outlook, reflecting...

AUB completes sale of 29.4pc stake in Ahli Bank 06 Feb 2013 - 07:16 am

DOHA: Ahli United Bank BSC (AUB) yesterday announced the completion of the sale of its 29.4 percent stake in Ahli Bank Qatar (ABQ)...

Hollande calls for stable euro policy 06 Feb 2013 - 07:16 am

STRASBOURG: French President Francois Hollande urged the eurozone yesterday to set a mid-term target for its currency’s exchange rate and to forge a...

BoJ governor to step down 06 Feb 2013 - 07:14 am

Bank of Japan Governor Masaaki Shirakawa (centre) arrives at a news conference in Tokyo yesterday. Shirakawa said he would step down on March...

Malone eyes Virgin Media in challenge to Murdoch 06 Feb 2013 - 07:13 am

LONDON: John Malone’s Liberty Global is in late-stage takeover talks with Britain’s Virgin Media over a $20bn cable deal that would put the...

Qatari bourse index adds 22.48 points 06 Feb 2013 - 07:13 am

Doha: Qatar Exchange index continued its upswing trend yesterday adding 22.48 points or 0.26 percent to advance to 8,747.51 points from 8,725.03 on...

China to invest over $1.6bn in Malaysia steel, port projects 06 Feb 2013 - 07:12 am

KUALA LUMPUR: Chinese firms will invest more than $1.6bn to build steel, aluminium and palm oil processing plants and expand a port in...

Saudi market regulator chief replaced 06 Feb 2013 - 07:12 am

RIYADH: The Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz of Saudi Arabia has replaced the head of the kingdom’s capital...

Deyaar records $10.5m full year net profit 06 Feb 2013 - 06:59 am

DUBAI: Dubai developer Deyaar yesterday reported a marginal increase in full year net profit, as it booked gains from deliveries of long-pending commercial...

Tasweeq, ENOC sign supply deal 05 Feb 2013 - 05:30 am

Saad Abdulla Al Kuwari and Tayyeb Al Mulla exchanging documents at the signing ceremony. DOHA: Emirates National Oil Company (ENOC) has signed a...

Combined net profit of banks crosses QR16bn 05 Feb 2013 - 05:30 am

DOHA: The collective net profits of Qatari banks totalled more than QR16bn ($4.38bn) in 2012, up from QR14.98bn ($4.1bn) in 2011, but analysts...

Asiacell share sale lifts Qtel stake to 64.1pc 05 Feb 2013 - 05:29 am

BAGHDAD/DUBAI: Qatar Telecom (Qtel) used Iraqi unit Asiacell’s $1.27bn share sale, Iraq’s largest flotation, to raise its stake to 64.1 percent in a...

Centrica pulls out of new UK nuclear power projects 05 Feb 2013 - 05:28 am

LONDON: Utility Centrica has pulled out of plans to build new nuclear power stations in Britain with partner EDF, paving the way for...