Business

European stocks end mixed as US data snuffs out rally 19 Apr 2013 - 03:14 am

LONDON: European stocks ended flat or down on Thursday with disappointing US data erasing gains made on hints from a European Central Bank...

Heavy taxes prevent African airlines from making profit 19 Apr 2013 - 03:14 am

CAPE TOWN: Africa’s airlines are set to earn $100m in profits this year but face heavy taxes with fuel costs that are way...

Barclays chief for investment stands down 19 Apr 2013 - 03:13 am

London: Rich Ricci, who led Barclays’ investment banking division during the Libor rate-rigging scandal, has “decided to retire”, the bank has said. Ricci,...

Ooredoo lines up loan up to $12bn for Maroc Telecom bid 19 Apr 2013 - 02:06 am

Ooredoo Chairman Sheikh Abdullah bin Mohammed bin Saud Al Thani (second left); Deputy Chairman Ali Shareef Al Emadi (third left); CEO Dr Nasser...

Doha Bank nets QR395m profit in Q1 18 Apr 2013 - 01:00 am

DOHA: Doha Bank recorded an impressive QR395m net profit for the first quarter of 2013 as compared to QR390m for the same period...

Tasdeer aims to contribute QR3bn to GDP by 2015 18 Apr 2013 - 12:58 am

Lilia Hachem Naas of International Trade Centre giving a presentation during a workshop at Hilton Hotel yesterday. Hassan Khalifa Al Mansoori, Executive Director...

Chinese bank ICBC tops Forbes Global 2000 list 18 Apr 2013 - 12:57 am

WASHINGTON: Chinese bank ICBC knocked US oil giant ExxonMobil from its perch as the world’s biggest public company yesterday, ranking number-one for the...

US growth at moderate pace: Fed Beige Book 18 Apr 2013 - 12:57 am

WASHINGTON: The Federal Reserve slightly upgraded its view of the US economy yesterday, its Beige Book report on regional activity saying that manufacturing...

Nakilat boosts marine business at LNG 17 18 Apr 2013 - 12:55 am

Officials pose for a group picture in Houston. DOHA: Nakilat, Qatar’s premier gas transporter, and its ship repair and construction joint ventures are...

Commercial Bank posts net profit of QR506m 18 Apr 2013 - 12:55 am

DOHA: Commercial Bank’s net profit increased by 7.3 percent to QR506m in the first quarter this year compared with QR471m achieved in Q1-2012....

GCC states may invest $300bn in power sector by 2020: GOIC report 18 Apr 2013 - 12:54 am

DOHA: GCC states are projected to invest more than $300bn in some 20 energy projects expecting to generate 8 Giga watts of additional...

European stocks fall 18 Apr 2013 - 12:54 am

LONDON: European stock markets fell sharply yesterday, hit by comments by the Bundesbank chief that the debt crisis could take a decade to...

Indosat, NavLink in partnership 18 Apr 2013 - 12:52 am

Indosat yesterday announced a partnership with NavLink to provide Indonesia’s first managed services for enterprises and businesses, serving the information and communications technology...

Brent loses $2 to fall below $98 per barrel 18 Apr 2013 - 12:51 am

NEW YORK: Oil prices tumbled yesterday, with Brent crude falling below $98 per barrel, as rising US fuel supplies added to overall concern...

Qatar bourse adds 41 points 18 Apr 2013 - 12:51 am

Doha: Qatar Exchange pursued its upswing trend yesterday, adding 41 points (or 0.49 percent) to advance to 8,409.33 points from 8,368.33 on Tuesday....

Regulations stymie funds in Mideast 18 Apr 2013 - 12:51 am

DUBAI: Across much of the Middle East, economic growth is strong and financial markets are picking up. But there is surprisingly little cheer...

Turkish Airlines seals $9.3bn deal with Airbus 18 Apr 2013 - 12:50 am

ISTANBUL: Turkish national flag-carrier Turkish Airlines (THY) signed yesterday a gigantic deal for up to 117 planes with European manufacturer Airbus in a...

Salam International nets QR11.6m profit 18 Apr 2013 - 12:50 am

Doha: Salam International disclosed the interim financial statement for the three month period ended March 31, 2013. The statements revealed a net profit...