Business

Turkish lira weakens on high inflation in October 05 Nov 2013 - 09:51 am

ISTANBUL: The Turkish lira weakened yesterday after October inflation came in higher than expected, with investors betting the data would do little to...

Shell to sell licences in Nigeria 05 Nov 2013 - 09:44 am

LAGOS: Anglo-Dutch oil giant Shell said yesterday that it intended to sell some assets in Nigeria after announcing a slump in global profits...

Gulf banks in expansion drive as recovery kicks in 04 Nov 2013 - 08:42 am

The bustling Bank Street in Doha. DUBAI: After weathering the global financial crisis and local debt restructurings in the last few years, Gulf...

Nakilat appoints new MD 04 Nov 2013 - 08:40 am

DOHA: The Board of Directors of Qatar Gas Transport Company (Nakilat) has elevated Abdullah Fadhalah Al Sulaiti (pictured) to the position of Managing...

QR13.15bn combined profit for listed banks 04 Nov 2013 - 08:40 am

DOHA: The Banks and Financial Services institutions listed on Qatar bourse delivered a combined net profit of QR13.15bn for the first nine months...

IDB to launch $10bn sukuk in Dubai 04 Nov 2013 - 08:39 am

DUBAI: The Islamic Development Bank (IDB) will set up a $10bn sukuk issuance programme on the Nasdaq Dubai exchange, a boost to Dubai’s...

Cb launches online trade portal for corporates 04 Nov 2013 - 08:39 am

Officials of Commercialbank during the recently held meeting to introduce the new portal to SMEs. DOHA: Commercialbank (Cb) recently launched an online trade...

Banks hope futuristic flagships can attract new customers 04 Nov 2013 - 08:37 am

The facade of a BNP Paribas bank branch in central Paris, yesterday. VELIZY, France: Installation art, interactive walls and a robot doorman; the...

Qatar, Bahrain and Jordan to host MICE buyers 04 Nov 2013 - 08:37 am

Doha: Bahrain, Jordan and Qatar are committed to increase their share of the burgeoning MICE (Meetings, Incentives, Conferences and Exhibitions) market, having agreed...

Dull trading across Middle East bourses 04 Nov 2013 - 08:37 am

DUBAI: Egypt’s benchmark rose slightly in thin trade yesterday, a day before the trial of deposed Islamist president Mohammed Mursi begins, while other...

Ooredoo offers installation guarantee for businesses 04 Nov 2013 - 08:36 am

DOHA: Ooredoo yesterday launched a new installation guarantee for businesses that order new Ooredoo services. Customers who order a Business Landline or Direct...

Gulf a major destination for global investors 04 Nov 2013 - 08:35 am

The newly reopened Egyptian stock market in Cairo. DUBAI: Foreign money is flowing into the parts of the Middle East which need it...

Cubans fret over currency reforms 04 Nov 2013 - 08:35 am

HAVANA: Cubans have welcomed news the government will end its unpopular dual currency system, but they are beyond keen to know when the...

Forex probes may lead to further regulation of industry 04 Nov 2013 - 08:34 am

ABU DHABI: Recent investigations into alleged manipulation of foreign exchange rates could be used by politicians as an excuse for new regulation of...

Ryanair unveils plans to soften much-criticised public image 04 Nov 2013 - 08:34 am

DUBLIN: Exchanges with customers on Twitter and plans for a simplified website — Irish no-frills airline Ryanair is seeking to improve its public...

Wall Street abuzz over Twitter IPO 04 Nov 2013 - 08:33 am

A worker tends to the lawn on the roof of Twitter headquarters in San Francisco, California. NEW YORK: Wall Street is aflutter over...

Greek retail workers protest Sunday shopping rules 04 Nov 2013 - 08:32 am

Shop employees march through Athens’ main commercial Ermou street yesterday during a demonstration by private sector employees against the opening of shops on...

Air France sets tougher rules for Alitalia investment 04 Nov 2013 - 08:31 am

MILAN: Air France-KLM has set tough conditions, including 5,000 job cuts, for investing more money in loss-making Italian airline Alitalia, financial daily Il...