Business

Gulf firms eye emerging markets for growth 23 Nov 2012 - 11:58 am

DUBAI: Gulf firms and state-backed investors, flush with petrodollars and facing limited growth options at home, are stepping into emerging markets in Africa...

QInvest, Qatari investors partner with Citadel to import LNG in Egypt 23 Nov 2012 - 11:56 am

DOHA: Citadel Capital, a leading private equity firm in the Middle East and Africa with $9.5bn in investments under control, has set up...

Middle East to be top aluminium supplier for world needs: Experts 23 Nov 2012 - 11:55 am

Senior executives from aluminium firms discussing the future of GCC aluminium industry on the third day on ARABAL 2012 in Doha yesterday. DOHA:...

Qatari bourse market capitalisation rises to QR460.72bn 23 Nov 2012 - 11:55 am

Doha: Qatar Exchange’s main index dropped 38.64 points (0.46 percent) last week when the bourse closed at 8,409.85 points yesterday. The trading value...

Oil prices ease 23 Nov 2012 - 11:55 am

LONDON: Oil prices eased yesterday in subdued trade owing to the US Thanksgiving holiday, and after a ceasefire ended a week of violence...

QInvest appoints new CEO 23 Nov 2012 - 11:53 am

DOHA: QInvest has appointed Tamim Hamad Al Kuwari (pictured) as its new Chief Executive Officer. The Board of Directors of QInvest LLC announced...

European stocks rise on strong Chinese data 23 Nov 2012 - 11:52 am

LONDON: European stock markets and the euro rose yesterday as traders welcomed strong Chinese manufacturing data and an Israel-Gaza truce, while a Greek...

S&P assigns ‘AA’ ratings on Qatar 23 Nov 2012 - 11:52 am

DOHA: Global ratings agency Standard & Poor’s (S&P) has assigned ‘AA/Stable/A-1+’ sovereign credit ratings on Qatar. The ratings on Qatar reflect S&P’s view...

Qatar Cement signs consultancy services deal to set up plant 5 23 Nov 2012 - 11:52 am

Doha: Qatar National Cement Company announced signing a consultancy services’ contract with Basse Sambre of Belgium to set up cement plant No. 5....

Saudis study Fannie Mae-style plan for housing 23 Nov 2012 - 11:51 am

RIYADH: Saudi Arabia is studying draft regulations that could see the creation of a real estate refinancing company similar to U.S. firm Fannie...

Al Sada attends Gas Exporting Countries Forum 22 Nov 2012 - 07:41 am

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

Qatar to remain fastest growing GCC economy 22 Nov 2012 - 07:40 am

By Satish Kanady DOHA: Qatar will remain the fastest growing of all GCC sovereigns in 2013, driven by the government’s huge capital investment...

Kuwait bank expects Islamic financing boom 22 Nov 2012 - 07:39 am

KUWAIT: Islamic banking is growing at more than double the pace of conventional banking in Kuwait and strong demand is expected throughout the...

Greece’s lenders fail again to clinch emergency aid deal 22 Nov 2012 - 07:39 am

BERLIN/ATHENS: International lenders failed for the second week to reach a deal to release emergency aid for Greece and will try again next...

Widening budget deficit casts fresh gloom on British economy 22 Nov 2012 - 07:38 am

LONDON: Britain borrowed much more than expected in October, thwarting finance minister George Osborne in his efforts to reduce the deficit and shunt...

Production of aluminium to grow by 10pc 22 Nov 2012 - 07:37 am

Abdulrahman Ahmed Al Shaibi, Qatalum Chairman, addressing the Arab International Aluminium Conference in Doha yesterday. (Abdul Basit) BY MOHAMMAD SHOEB DOHA: Despite economic...

Qatar Exchange joins Middle East Investor Relations Society 22 Nov 2012 - 07:36 am

Doha: The Qatar Chapter of the Middle East Investor Relations Society announced yesterday that the Qatar Exchange (QE) has officially joined the established...

No serious dent on economy from sanctions: Iran central bank chief 22 Nov 2012 - 07:36 am

ISLAMABAD: Iran has avoided a “serious dent” to its economy from Western sanctions thanks to large gold reserves, high oil prices and reduced...