Business

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...

DSI Qatar bags QR180m contract 15 Apr 2013 - 12:59 am

DOHA: Drake & Scull Qatar (DSI Qatar) has been awarded a QR180m contract to execute Mechanical, Electrical and Plumbing (MEP) works for a...

Dubai Islamic Bank profit jumps 17pc 15 Apr 2013 - 12:58 am

DUBAI: Dubai Islamic Bank (DIB), the largest Shariah-compliant lender in the emirate, said yesterday that its first-quarter net profit climbed 17 percent, after...

Dubai housing stock to bounce back 15 Apr 2013 - 12:58 am

DUBAI: Another 40,000 new homes will enter Dubai’s property market over the next two years as developers revive projects stalled after the collapse...

Baby formula in demand 15 Apr 2013 - 12:51 am

Aptamil baby formula products are on sale in a Berlin drug store. Because of a strong demand the store has restricted the sale...

Gulf oil producers see no need to trim output 15 Apr 2013 - 12:50 am

DUBAI/DOHA: Gulf Arab Opec oil producers do not see the need to change production levels to support crude prices, Opec delegates said after...

First oil from Juba reaches Khartoum 15 Apr 2013 - 12:50 am

KHARTOUM: Sudan’s oil ministry said yesterday that the first crude from South Sudan reached its territory, bringing both impoverished nations closer to billions...

20m jobless in Arab states 15 Apr 2013 - 12:49 am

ALGIERS: Unemployment in Arab countries rose to 16 percent in 2012 following the revolts which erupted the previous year, Arab Labour Organisation chief...

Egypt sells $600m in special auction to import basic goods 15 Apr 2013 - 12:48 am

CAIRO: Egypt’s central bank sold $600m to banks in a special auction of foreign exchange yesterday to pay for wheat, meat, cooking oil...

Commodities: Brent oil at new low; gold dives 15 Apr 2013 - 12:47 am

LONDON: Brent crude oil sank this week to an eight-month low, hit by the poor outlook after a raft of demand forecast downgrades...

Three economic zones coming up 14 Apr 2013 - 01:28 am

DOHA: Supported by the government, the Economic Zones Company (EZC) Qatar has embarked on the development of three economic zones in and around...

Protests in Greece against Canadian gold mine project 14 Apr 2013 - 01:23 am

Protesters gather in front of the Greek parliament yesterday during a demonstration against a Canadian gold mining investment in the northeastern region of...

Next Greek aid tranche soon 14 Apr 2013 - 01:22 am

DUBLIN: An inspection team of international lenders has finished its review of Greece’s reform progress, paving the way for another ¤10bn aid payment,...