Business

Growth set for sharp slowdown: OECD 28 Nov 2012 - 12:01 am

PARIS: Global growth is set for a sharp slowdown next year and the eurozone debt crisis “remains the greatest threat to the world...

Gulf regulators seek guidance on Basel III 28 Nov 2012 - 12:01 am

ABU DHABI: Gulf regulators are seeking advice from a committee that wrote stricter rules on bank capital being introduced on January 1 to...

Five QInvest senior managers leave following CEO 28 Nov 2012 - 12:00 am

DOHA: Five senior managers at QInvest, the Qatari investment bank forming a joint venture with Egypt’s EFG-Hermes, have left the firm following the...

Britain shows strong growth 28 Nov 2012 - 12:00 am

LONDON: Britain’s economy emerged from recession in the third quarter with robust growth of 1.0 percent, official data confirmed yesterday, in what was...

QIB wins Al Dhameen awards 27 Nov 2012 - 11:59 pm

QIB’s SME officials with Abdulaziz Nasser Al Khalifa, Executive Director, Strategic Planning and Control at QDB. Doha: QIB, the leading Islamic bank in...

Eurozone, IMF save Greece with debt deal 27 Nov 2012 - 11:58 pm

ATHENS: The eurozone and IMF saved Greece with a re-drawn rescue to avert bankruptcy and to cut the debt mountain yesterday which Greek...

HBK bags raft foundation deal from Msheireb 27 Nov 2012 - 11:58 pm

Doha: Msheireb Properties, Qatar’s leading sustainable developer, yesterday announced that it had awarded the contract for the construction of the raft foundations of...

Kuwaiti lender KFH eyes 20pc capital hike 27 Nov 2012 - 11:56 pm

KUWAIT: Kuwait Finance House (KFH), the state’s largest Islamic lender, will recommend a 20 percent capital hike to shareholders, the company said in...

Mittal, Hollande talks 27 Nov 2012 - 10:36 pm

ArcelorMittal’s factory in Dunkirk, northern France. French President Francois Hollande was due to hold key talks with steel tycoon Lakshmi Mittal over a...

Financing woes challenge huge Dubai projects 27 Nov 2012 - 10:36 pm

DUBAI: Dubai is reviving massive real estate projects as its economy recovers from a corporate debt crisis, but this time around, constraints on...

Qatar bourse dips by 28.29 points; Saudi index falls to 10-month low 27 Nov 2012 - 10:35 pm

Doha/dubai: Qatar Exchange index was down 28.29 points or 0.34 points yesterday to 8,400.72 points from the previous closing of 8,429.01. The volume...

Total acquires Jordan petroleum distribution 27 Nov 2012 - 10:32 pm

Dubai: Total acquired a 10-year petroleum product distribution licence in Jordan that will allow its marketing & services subsidiary Total Jordan to cement...

Etisalat backs Saudi unit after SIM ban 27 Nov 2012 - 10:29 pm

DUBAI: Etisalat, the United Arab Emirates’ No. 1 telecom operator, is committed to its Saudi Arabian affiliate Mobily, the former monopoly’s CEO said...

UBS punished with double whammy 27 Nov 2012 - 12:38 am

The UBS logo at a bank branch in London yesterday. ZURICH: Swiss banking giant UBS was hit twice over yesterday for allowing a...

Qatar cashes in Barclays warrants 27 Nov 2012 - 12:38 am

New York: Qatar has cashed in its remaining warrants in Britain’s Barclays Plc, a move that should yield a $280m profit and still...

Greece rescue meeting 27 Nov 2012 - 12:36 am

IMF Managing Director Christine Lagarde arrives at a eurozone finance ministers meeting in Brussels yesterday. Ministers and the IMF began their third attempt...

Oil slips below $111 on Greek woes 27 Nov 2012 - 12:34 am

LONDON: Brent crude oil slipped below $111 a barrel yesterday as worries over Greek debt talks prompted fears that the euro zone could...

Dubai Group cuts half of staff in restructuring move 27 Nov 2012 - 12:25 am

DUBAI: Dubai Group, part of the ruler of Dubai’s personal empire, has cut half its staff of about 30 people as part of...