Business

Gulf states buy stake in Virgin Mobile 13 Mar 2013 - 12:32 am

DUBAI: Gulf Investment Corp (GIC) will invest $50m in Virgin Mobile’s Middle East operation, a sign that the region may be ready to...

Mena insurance sector to grow faster: QFCA 12 Mar 2013 - 05:03 am

The Minister of Finance and Economy H E Yousuf Hussein Kamal (second left), Qatar Financial Centre (QFC) Authority Managing Director Abdulrahman Al Shaibi...

Vibrant insurance sector key to strong economy: QFCA chief 12 Mar 2013 - 05:02 am

Dr Schanz, Alms and Company Chairman and Principal Partner Dr Kai Uwe Schanz addressing dignitaries during the annual Multaqa Qatar Conference at the...

QIIC to consolidate its market position this year: Chairman 12 Mar 2013 - 05:01 am

Qatar Islamic Insurance Company (QIIC) Chairman Sheikh Abdullah bin Thani Al Thani (centre), Chief Coordinator Dr Sheikh Khalid bin Thani Al Thani (second...

Al Meera sales jump 12 Mar 2013 - 05:00 am

Al Meera Consumer Goods Company Chairman H E Abdulla bin Khalid Al Qahtani and Vice Chairman Dr Saif Said Al Sowaidi, attending the...

New identity for CBI 12 Mar 2013 - 04:59 am

CEO Kris Babicci and Chairman Mohammad Sultan Al Qadi posing for a picture. DOHA/DUBAI: Commercial Bank International (CBI), a growing UAE bank, has...

Geospatial forum begins tomorrow 12 Mar 2013 - 04:58 am

DOHA: Geospatial Media & Communications, in association with the Centre for GIS, MMUP, State of Qatar, is hosting a two-day conference and exhibition...

Capital Intelligence affirms QNB’s ‘AA-’ ratings 12 Mar 2013 - 04:57 am

DOHA: Capital Intelligence (CI), the international credit rating agency, has affirmed Qatar National Bank (QNB)’s Financial Strength Rating at ‘AA-’. The affirmation reflects...

Qatari bourse index rises by 0.28 percent 12 Mar 2013 - 04:57 am

Doha: Qatar Exchange pursued its upward trend, adding 23.47 points (or 0.28 percent) yesterday to advance to 8,544.41 points from 8,520.94 on Sunday....

European stocks end mixed 12 Mar 2013 - 04:56 am

LONDON: European stock markets closed yesterday with mixed but mainly weaker results as disappointing Chinese economic data offset positive job numbers out of...

Qatar’s quarterly debt issues expand policy arsenal 12 Mar 2013 - 04:55 am

DUBAI: Qatar’s plan to issue local currency government bonds every quarter should help it tackle three key issues at once: Managing liquidity in...

Egypt studies IMF bridging loan as crisis deepens 12 Mar 2013 - 04:55 am

CAIRO: Egypt is studying an IMF offer of a bridging loan, a finance ministry source said yesterday, as Cairo tries to weather a...

Strong years ahead for sukuk market, says S&P analyst 12 Mar 2013 - 04:55 am

DOHA: “Investor appetite is pushing Sukuk into mainstream,” Standard & Poor’s said in a report published yesterday. “Global issuance expanded for the fourth...

UK govt promotes London as Islamic finance hub 12 Mar 2013 - 04:54 am

DUBAI: The British government launched a campaign to promote London as a centre for Islamic finance, seeking to counter growing competition in that...

Shareholders approve QIIB’s $2bn sukuk 11 Mar 2013 - 12:15 am

The Chairman of QIIB Dr Sheikh Khalid bin Thani Al Thani (centre), Vice Chairman Sheikh Abdullah bin Thani Al Thani (left) and Chief...

Central Bank issues QR4bn debt to meet Basel III norms 11 Mar 2013 - 12:10 am

DUBAI: Qatar’s Central Bank yesterday issued QR1bn of local currency sukuk and QR3bn of local currency conventional bonds, as part of an adjustment...

Online platform to promote local businesses 11 Mar 2013 - 12:09 am

From left: The Chief Executive Officer of Gulf Expo Online, Mohammed Abdulla Al Obaidly, the Director General of Qatar Chamber, Remy Rohani, and...

GCC banks assets hit $1.47 trillion; Qatar leads with 15pc growth 11 Mar 2013 - 12:07 am

DOHA: The GCC banking sector continues to remain robust with assets increasing by 11 percent in 2012 to $1.47 trillion. Higher energy prices...