Business

IILM sells about $490m sukuk 27 Aug 2013 - 12:22 am

DUBAI: A consortium of central banks from Asia, the Middle East and Africa has taken a first step towards developing a cross-border market...

DAE in talks to merge some assets with BBA 27 Aug 2013 - 12:22 am

DUBAI: Dubai Aerospace Enterprise (DAE), owner of US-based engine repair and maintenance business StandardAero, is in talks to merge parts of its business...

Deloitte offers technology to recover EU VAT 27 Aug 2013 - 12:21 am

DOHA: Deloitte has announced the launch of a regional initiative to assist Middle East businesses to recover tax (value added tax) paid in...

Slim backs Telefonica’s German plans 27 Aug 2013 - 12:21 am

MADRID: Mexican billionaire Carlos Slim’s America Movil said yesterday it is backing rival Spanish group Telefonica’s sweetened takeover bid, valued at ¤8.55bn ($11.4bn),...

Turkish lira hovers near record lows 27 Aug 2013 - 12:21 am

ISTANBUL: The Turkish lira hovered just off record lows near two to the dollar yesterday while the 2-year benchmark bond yield inched above...

Building material demand to rise 26 Aug 2013 - 01:06 am

By Satish Kanady DOHA: Qatar’s construction sector is set to see a record demand of primary building materials in the coming few years. ...

Argentina to pay debt before court ruling 26 Aug 2013 - 01:06 am

BUENOS AIRES: Argentina will continue repaying its debt on the same terms, the country’s economy minister said yesterday after Buenos Aires lost an...

QPMC signs deal for gabbro expansion 26 Aug 2013 - 01:05 am

Officials of Qatar Primary Materials Company and FLSmidth and Six Construct during the signing ceremony. DOHA: Qatar Primary Materials Company (QPMC) has signed...

New country head appointed at Mashreq 26 Aug 2013 - 01:04 am

DOHA: Mashreq Qatar has announced the appointment of Ross Officer (pictured) as country head. Officer will lead Mashreq Qatar as it moves into...

Greek ‘hair cut’ could trigger domino effect 26 Aug 2013 - 01:02 am

BERLIN: German Chancellor Angela Merkel warned a Greek debt write-down could spark a “domino effect of uncertainty” and scare off investors in the...

High price, rival supplies hurt Iran oil: Minister 26 Aug 2013 - 01:02 am

DUBAI: Iran’s oil exports are being hurt by current high prices that make it more economical for rivals like the United States to...

World leaders to put shadow banks on long leash 26 Aug 2013 - 12:57 am

LONDON: World leaders are expected to take a softly-softly approach to regulating the so-called shadow banking sector when they meet in Russia next...

Sinopec’s first half net profit grows 24pc 26 Aug 2013 - 12:57 am

HONG KONG: Chinese oil giant Sinopec said yesterday its net profit for the first half of 2013 grew 24 percent, thanks to improved...

Sudan earns $236m from South oil fees 26 Aug 2013 - 12:56 am

KHARTOUM: Sudan earned more than $230m in fees for the export of South Sudanese oil this year, official media reported yesterday, days before...

Qatari bourse index loses 30.72 points 26 Aug 2013 - 12:56 am

Doha: The Qatar Exchange index ended its gaining streak yesterday losing 30.72 points or 0.30 percent to 10,078.78 points from the previous closing...

Microsoft and Motorola set for second round of patents trial 26 Aug 2013 - 12:56 am

SEATTLE: Microsoft Corp takes on Google’s Motorola Mobility unit this week in the second of two landmark trials between the companies that delve...

Potash investment reflects belief in returns: BHP chief 26 Aug 2013 - 12:55 am

SYDNEY: Potash is being discussed as a possible future pillar for the world’s biggest miner BHP Billiton, Chief Executive Andrew Mackenzie said yesterday....

Weekly Money Market Review with IBQ: QE tapering might be needed soon 26 Aug 2013 - 12:34 am

The main event took place on Wednesday, where the Federal Reserve Bank released their meeting minutes from their July meeting. Pushing the US...