Business

Boeing delivers first new jet to Iraq in decades 16 Dec 2012 - 01:14 am

BAGHDAD: The first new Boeing Co jetliner sold to Iraq in 30 years touched down in Baghdad yesterday, signalling the country’s determination to...

Qatar hospitality sector must look for mid-scale properties: Expert 16 Dec 2012 - 01:13 am

DOHA: With the luxury segment in Qatar’s hospitality sector reaching to a saturation point, what the country needed is more mid-scale properties. The...

Small investors shun India’s Bharti Infratel IPO 16 Dec 2012 - 01:12 am

NEW DELHI: Small investors largely shunned an IPO by the tower arm of Indian telecom firm Bharti, aimed at raising $845m, but the...

Oryx Engineering chief bags business leader of the year award 16 Dec 2012 - 01:10 am

Abdulla Mannai receiving the award. Doha: Oryx Engineering Solutions Group’s Founder and Managing Director, Abdulla Mannai, has been selected as 2012’s Outstanding Business...

Crop insurance juicy target in fiscal cliff deal 16 Dec 2012 - 01:10 am

WASHINGTON: Rural lawmakers worry that $9bn in annual federal crop insurance subsidies are an easy target for spending cuts in a “fiscal cliff”...

Germany rebuffs EU call for more risk-sharing 15 Dec 2012 - 12:50 am

German Chancellor Angela Merkel speaks during a press conference at the EU headquarters in Brussels yesterday. BRUSSELS: Germany rebuffed calls for more financial...

Qapco is principal sponsor of Arabplast 2013 15 Dec 2012 - 12:46 am

Satish Khanna, General Manager of Al Fajer Information and Services, addressing the press conference at Doha Marriott Hotel. Qassim Rahmatullah DOHA: Qatar Petrochemical...

UBS faces $1bn fine for Libor rigging 15 Dec 2012 - 12:45 am

LONDON: Swiss bank UBS is expected to pay about $1 billion to settle charges of rigging the Libor interest rate benchmark, according to...

Saxo Bank’s direct API solution records strong growth 15 Dec 2012 - 12:43 am

London: Saxo Bank, the online multi-asset trading and investment specialist, announced an increase in monthly average FX volumes of nearly 600 percent compared...

Wall St drops as Apple falls; European stocks mixed 15 Dec 2012 - 12:37 am

NEW YORK: US stocks fell yesterday, with the Nasdaq weighed down by another drop in shares of Apple, and as the overhang of...

IATA raises profit forecasts 14 Dec 2012 - 07:08 am

GENEVA: Global airlines raised industry profit forecasts yesterday on the back of cost cuts and consolidation, but warned of a cocktail of risks...

Spain takes over eighth bank in clean-up drive 14 Dec 2012 - 07:07 am

MADRID: The Spanish government is taking over another lender as its clean-up of the troubled financial sector gathers pace and healthier banks cough...

QE drops 29.16 points this week 14 Dec 2012 - 07:07 am

DOHA: The Qatar Exchange (QE) index travelled on a negative note this week, dropping 29.16 points or 0.35 percent to close at 8,331.14...

QNB eyeing Turkish bank after SocGen deal 14 Dec 2012 - 07:06 am

DUBAI/Doha:Qatar National Bank, which is buying Societe Generale’s Egyptian unit for $2bn as part of a regional expansion strategy, now has control of...

Saudi Arabian firm ties up with Russian grain producer 14 Dec 2012 - 07:06 am

MOSCOW: A Saudi Arabian investment company has set up a joint venture with SAHO, a Siberian grain producer, to ship Russian wheat and...

Real estate sector records 67pc growth in November: Ezdan 14 Dec 2012 - 07:03 am

DOHA: Qatar’s real estate sector recorded strong growth last month. In November, the country’s real estate transaction jumped to QR3.7bn with a growth...

Capital market critical for QNV 2030 takeoff 13 Dec 2012 - 07:56 am

From left: Rym Ayadi, Sami Boujelben, and Emad Mansour at a panel discussion on the final day of Euromoney Qatar Conference yesterday. (Abdul...

Strong demand likely to prompt Qtel to rethink $1bn bond cap 13 Dec 2012 - 07:55 am

DUBAI: Strong global demand for Qatar Telecom’s imminent 10-year bond offering could prompt the company to reconsider its decision to cap the issue...