Business

Qatari bourse index down 04 Dec 2012 - 09:49 am

Doha: Qatar Exchange was down 29.58 points or 0.35 percent to 8,329.08 points yesterday from the previous closing of 8,358.66 points. Among the...

Jordan raises rate on dinar deposits 04 Dec 2012 - 09:48 am

AMMAN: Jordan raised its overnight rate on dinar deposits yesterday by 75 basis points to 4 percent, acting to bolster the currency and...

Asiacell to launch IPO on Jan 3 04 Dec 2012 - 09:48 am

DUBAI: Iraqi telecom operator Asiacell will launch its long-awaited initial public offering (IPO) on January 3, a company spokesman said yesterday, in what...

QIB UK closes seventh Islamic structured note 04 Dec 2012 - 09:47 am

DUBAI: London-based QIB UK, a subsidiary of Qatar Islamic Bank, has closed its seventh Islamic capital-protected note with plans to roll out similar...

Al Sada meets Ethiopian Minister 04 Dec 2012 - 09:47 am

H E Dr Mohammed bin Saleh Al Sada, the Minister of Energy and Industry and Chairman & Managing Director of Qatar Petroleum (QP),...

S&P reaffirms Nakilat rating as ‘stable’ 04 Dec 2012 - 09:45 am

Doha: Rating agency Standard & Poor’s (S&P) has reaffirmed Nakilat Inc’s AA- rating with a stable outlook. The rating was reaffirmed on November...

Greece launches debt buyback plan 04 Dec 2012 - 09:45 am

BRUSSELS: Greece launched an operation yesterday to buy back privately-held debt at a big discount, with eurozone finance ministers in Brussels studying the...

Even without US cliff, world economy teeters 04 Dec 2012 - 09:45 am

WASHINGTON: The global economy is on edge - and that’s without the US “fiscal cliff.” Among rich nations, the US outlook remains the...

Batelco to buy CWC assets in $1bn deal 04 Dec 2012 - 09:44 am

DUBAI: Bahrain Telecomm-unications Co (Batelco) has agreed to buy Cable & Wireless Communications’ assets in Monaco and some islands in a deal worth...

Toyota leads US auto sales 04 Dec 2012 - 09:44 am

CHICAGO: Toyota led the pack with double digit gains yesterday demand for replacement vehicles following the devastating Hurricane Sandy boosted US auto sales...

BP to be simpler, oilier as investment rises 04 Dec 2012 - 09:44 am

LONDON: BP is raising investment and betting its future on oil over gas, as the slimmed-down British group fights to recover from the...

Qatar Exchange bags award from Middle East-IR Society 03 Dec 2012 - 12:02 am

Doha: Qatar Exchange (QE) received recognition from the Middle East Investor Relations Society (ME-IR Society) for its contribution to the development of IR...

Offshore Middle East 2013 to begin on January 21 03 Dec 2012 - 12:02 am

DOHA: “Offshore Middle East 2013” — a three-day conference and exhibition — organised by Offshore and hosted by Qatar Petroleum, will be held...

ECB to hold fire on rates 03 Dec 2012 - 12:00 am

FRANKFURT: The European Central Bank will lower its growth forecasts for the euro area at its last policy meeting of the year, but...

Big plans make a comeback in post-crisis Dubai 02 Dec 2012 - 11:58 pm

DUBAI: Dubai is back in the business of unveiling mega projects, three years after a severe financial crisis crippled its booming property sector,...

Maaden in deals with US firms for phosphate project 02 Dec 2012 - 11:58 pm

Al KHOBAR: Saudi mining firm Maaden signed deals worth SR977m ($260m) with US firms Fluor Corp and Bechtel to help develop an industrial...

Construction of QR7bn Barwa Commercial Avenue on track 02 Dec 2012 - 11:33 pm

Doha: Construction of Barwa Commercial Avenue (BCA), the iconic mixed-use development which stretches over an impressive 8.5km in length, is well on track...

Qatari bourse index drops 41.88 points 02 Dec 2012 - 11:33 pm

Doha/dubai: Qatar Exchange index dropped 41.88 points or 0.50 percent to reach 8,358.66 points from the previous closing of 8,400.54 points. The volume...