Business

Qatar’s GDP to grow by 5-6pc: Barclays 19 May 2013 - 11:41 pm

DOHA: Taking stock of the latest data released about Qatar’s sovereign and banking sector outlook, the Qatari economy is likely to perform “better...

Msheireb Properties awards QR2.5bn deal 19 May 2013 - 11:40 pm

Work in progress at Msheireb Downtown Doha development. DOHA: Msheireb Properties, Qatar’s leading sustainable real estate developer, has awarded worth QR2.5bn construction contract...

UAE growth at fastest rate since 2006 19 May 2013 - 11:40 pm

DUBAI: Economic growth in the United Arab Emirates accelerated to 4.4 percent in inflation-adjusted terms in 2012, the fastest clip since 2006, as...

Board members discuss Barwa Bank’s growth 19 May 2013 - 11:38 pm

Chairman addressing the board members and executive management during the meeting. DOHA: The new members of the board of Barwa Bank Group held...

Sluggish growth of global economy to continue: Analysts 19 May 2013 - 11:35 pm

LONDON: This week offers the first major gauge of the health of the global economy for May, with big implications for policymakers and...

Commercialbank hosts CEOs of alliance banks 19 May 2013 - 10:50 pm

The chief executive officers during the meeting in Istanbul. DOHA: The Group CEO of Commercial Bank of Qatar (Commercialbank), Andrew Stevens, recently hosted...

Duped Bankia savers shun compensation scheme 19 May 2013 - 10:49 pm

Junior debt holders of Spanish lender Bankia shout slogans during a protest outside a bank branch in central Madrid yesterday. MADRID: Many duped...

Kuwait replaces officials at KPC after $2.2bn Dow payment 19 May 2013 - 10:48 pm

KUWAIT: State-run Kuwait Petroleum Company (KPC) appointed a new chief executive and suspended other top officials after the country paid $2.2bn in damages...

Qatari bourse index adds 1.04 percent 19 May 2013 - 10:47 pm

Doha: Qatar Exchange continued its gaining streak yesterday adding 92.53 points (or 1.04 percent) to advance to 9,009.43 points from 8,916.90 on Thursday. ...

Independent Scotland open to Cyprus-style risk: Britain 19 May 2013 - 10:47 pm

LONDON: An independent Scotland would have a vastly oversized financial sector that would leave it vulnerable to a Cyprus-style banking crisis, Britain’s finance...

BoE warns of risk in UK mortgage scheme 19 May 2013 - 10:46 pm

LONDON: A flagship British government scheme to boost mortgage lending must not become permanent like in the United States, outgoing Bank of England...

Abe’s go at cropping tea 19 May 2013 - 04:20 am

Japan’s Prime Minister Shinzo Abe (right) has a go at cropping tea leaves in Kitsuki, Oita prefecture, yesterday. The latest tranche of Japan’s...

Doha banking system robust: QNB Group 19 May 2013 - 04:19 am

Doha: The banking system in Qatar has been robust, with a compounded annual growth rate (CAGR) of 20 percent in assets from March...

Alessa Industries to enter Qatar market 19 May 2013 - 04:16 am

DOHA/RIYADH: Alessa Industries Group, one of the leading integrated industrial conglomerates in Saudi Arabia, has announced their plan to expand into the Qatari...

EU cites Huawei and ZTE for trade violations 19 May 2013 - 04:16 am

NEW YORK: Europe’s top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE...

Bechtel revenue grew 15 percent last year 19 May 2013 - 04:15 am

San Francisco: Bechtel, the largest US engineering company, said that its revenue grew by 15 percent in 2012, though its backlog of projects...

Switzerland close to deal in US tax dispute: Finance Minister 19 May 2013 - 04:15 am

ZURICH: Switzerland is on the brink of a deal to settle a long-running dispute with US authorities over Swiss banks accused of helping...

Falling deficit in US fuels growth debate 19 May 2013 - 04:14 am

WASHINGTON: Austerity or growth? Europe’s struggling economies have faced the question without fully answering it in recent years, but the United States is...