Business

Barwa Bank to raise QR2.05bn in share sales, rights issue 16 Apr 2013 - 01:12 am

DOHA: The Extraordinary General Meeting (EGM) of Barwa Bank Group has approved the Board of Directors’ proposal to raise a total of QR2.05bn...

QP to transfer 20pc shares to GRSIA fund 16 Apr 2013 - 01:11 am

H E Abdullah bin Hamad Al Attiyah (centre), Chairman of the Administrative Control and Transparency Authority, and also the Chairman of the Board...

Qatar, Maldives sign agreement 16 Apr 2013 - 01:08 am

The Minister of Business and Trade H E Sheikh Jassim bin AbdulAziz Al Thani and the Minister of Economic Development, Republic of Maldives,...

Oman to build, pay for huge oil storage site 16 Apr 2013 - 01:08 am

MUSCAT: Oman is committed to building, and paying for, a huge facility to store up to 200 million barrels of crude oil at...

DISH offers $25.5bn for Sprint Nextel 16 Apr 2013 - 01:07 am

NEW YORK: US satellite-television provider DISH Network yesterday launched an unsolicited $25.5bn bid to acquire Sprint Nextel, trying to derail the offer by...

Brent plunges by $3 16 Apr 2013 - 01:07 am

LONDON: Brent oil plunged $3 to just over $100 a barrel yesterday, extending a two-week selloff that has knocked nearly 10 percent off...

Gold hits two-year low on China GDP 16 Apr 2013 - 01:06 am

LONDON: European stock markets fell yesterday and gold plunged to a two-year low on news that the powerful Chinese economy slowed unexpectedly in...

Qatar-French trade jumps 20pc in 2012 16 Apr 2013 - 01:05 am

DOHA: Led by deepening trade ties and rising number of French companies in Qatar, the volume of trade between Qatar and France has...

British trade team in Doha 16 Apr 2013 - 01:04 am

Willie Walsh, Chief Executive, International Airlines Group and President, London Chamber of Commerce and Industry addressing the media. With him are Matt Storey,...

KPMG Qatar managing partner appointed to parent board 16 Apr 2013 - 01:03 am

DOHA:KPMG Qatar’s managing partner Jamal Fakhro (pictured) has been appointed to the board of KPMG International. Fakhro, who is also chairman of KPMG’s...

Qatar Exchange down 0.57pc 16 Apr 2013 - 01:03 am

Doha: Qatar Exchange was down 47.92 points or 0.57 percent to 8,333.11 points yesterday from the previous closing of 8,381.03 points. Among the...

Aramco starts up Manifa oilfield 16 Apr 2013 - 01:03 am

KHOBAR: Saudi Aramco has started pumping oil from its giant Manifa field in the Gulf, allowing the world’s biggest oil exporter to relax...

Senior Goldman Sachs banker resigns 16 Apr 2013 - 01:02 am

DUBAI: Khaled Eldabag, a senior investment banker at Goldman Sachs Group Inc who handled some of the Wall Street firm’s biggest clients in...

Qatari bourse books largest one-day fall 15 Apr 2013 - 01:07 am

DUBAI: Qatar’s bourse booked its largest one-day drop in four months yesterday as investors took their cues from weak global markets to sell...

Qatar’s travel sector to see strong growth, says report 15 Apr 2013 - 01:06 am

DOHA: Backed by the government spending on tourism development, Qatar’s travel market is expected to grow steadily from $5.4bn in 2012 to $7.7bn...

Egypt stalls on IMF terms 15 Apr 2013 - 01:05 am

CAIRO: Egypt is stalling on the terms of a $4.8bn International Monetary Fund loan to help it fight a deepening economic crisis, and...

Ahli Bank nets record QR135m profit in Q1 15 Apr 2013 - 01:01 am

Sheikh Faisal bin Abdul Aziz bin Jassem Al Thani (top) and Salah Murad DOHA: Ahli Bank QSC (ABQ) has posted a record profit...

DVP scheme a success: QE 15 Apr 2013 - 01:00 am

DOHA: Qatar Exchange (QE) has announced that its DVP (delivery versus payment) mechanisms, launched in April 2011, have been performing successfully and that...