Business

QInvest sells stake in ABEC 06 Dec 2012 - 02:32 am

Tamim Hamad Al Kuwari Doha: QInvest, Qatar’s leading investment bank, has sold its stake in Asian Business Exhibitions and Conferences (ABEC), India’s leading...

Citigroup plans to cut 11,000 jobs worldwide 06 Dec 2012 - 02:31 am

NEW YORK: Citigroup Inc, which has lagged behind its peers in recovering from the financial crisis, said it is cutting 11,000 jobs worldwide,...

Abu Dhabi’s Taqa to raise $2bn from bond 06 Dec 2012 - 02:31 am

ABU DHABI: Abu Dhabi National Energy Co (Taqa), the state-owned firm buying some of BP’s North Sea assets, will raise $2bn from its...

QNB Group receives two top awards from The Banker 06 Dec 2012 - 02:29 am

Doha: QNB Group, the largest financial institution in the State of Qatar, and the MENA region, has been awarded the ‘Bank of the...

QFBA launches 2013 Program 06 Dec 2012 - 02:28 am

Doha: The 2013 Program Launch Event was held last evening by the Qatar Finance and Business Academy at the Hilton Hotel in Doha. ...

The First Investor, Investra sign MoU 05 Dec 2012 - 08:37 am

Officials from The First Investor and Investra Investments during the signing ceremony. DOHA: The First Investor (TFI), the investment banking unit of Barwa...

Qatar Holding raises stake in QE to 88pc; NYX holds 12pc 05 Dec 2012 - 08:37 am

DOHA: Qatar has upped its stake in its bourse from 80 percent to 88 percent, with NYSE Euronext holding the remaining 12 percent...

Iran gas not covered by US sanctions, says Turkey 05 Dec 2012 - 08:36 am

ISTANBUL: Turkey does not expect tighter US sanctions to apply to its natural gas imports from Iran, its energy minister said yesterday, which...

Aamal to introduce Gettco products 05 Dec 2012 - 08:35 am

DOHA: Aamal Company QSC (Aamal) has announced the expansion of its Aamal Trading and Distribution business with the introduction a new consumer products...

Qafco-6 project to be launched next Tuesday 05 Dec 2012 - 08:34 am

Doha: Qatar Fertilizers Company (Qafco) has announced that it will launch next Tuesday the QR2.2m Qafco-6 expansion project in Mesaieed Industrial City. Qafco...

Qatar National Bank launches debt fund 05 Dec 2012 - 08:33 am

DOHA: The Qatar National Bank (QNB), a leading regional lender, has launched a debt (bond) fund which is open for subscription to retail...

Arabtec bags QR2.3bn Msheireb contract 05 Dec 2012 - 08:32 am

Officials from the Msheireb Properties and Arabtec Construction consortium during the signing ceremony. Doha: Msheireb Properties, Qatar’s leading sustainable real estate developer, announced...

Banking sector props up Qatar bourse index 05 Dec 2012 - 08:32 am

Doha: Qatar Exchange ended its losing streak yesterday adding 24.87 points or 0.30 percent to advance to 8,353.95 points from 8,329.08 on the...

Taqa, GIB to price bonds in late-year Gulf flurry 05 Dec 2012 - 08:31 am

DUBAI: Abu Dhabi National Energy Co (Taqa) is preparing to price a two-tranche dollar-denominated bond issue, maturing 2018 and 2023, after roadshows concluded...

Shareholders haggle over details of Eads shake-up 05 Dec 2012 - 08:30 am

LONDON: Bankers, civil servants and industrialists were squeezing out final concessions in talks to shake up aerospace group Eads yesterday, people familiar with...

QFIB expands interests in Turkey 04 Dec 2012 - 09:53 am

Abdulla bin Fahad Al Marri Doha: Qatar First Investment Bank (QFIB), Qatar’s first independent Shariah compliant bank authorised by the QFC Regulatory Authority,...

Sound IR practices need of hour, says CEO of QE 04 Dec 2012 - 09:49 am

Doha: Qatar Exchange (QE) yesterday hosted the “Success in Digital Investor Relations (IR)” workshop and the 4th Annual KWD Webranking Survey Awards for...

European stocks, euro rise 04 Dec 2012 - 09:49 am

LONDON: European stocks and the euro rose yesterday, with Frankfurt and Paris hitting highs for the year in the wake of positive Chinese...