Business

Qatar Airways to sell Cargolux stake 18 Nov 2012 - 01:35 am

BRUSSELS: Qatar Airways is to sell its stake in Luxembourg’s all-cargo airline Cargolux after a disagreement over the future direction of the airline,...

Masraf Al Rayan to co-sponsor Euromoney Qatar Conference 18 Nov 2012 - 01:34 am

DOHA: Masraf Al Rayan– one of the leading banks in Qatar, has announced its co-sponsorship of the Euromoney Qatar Conference to be held...

GCC insulated from global growth shock: QNB Group 18 Nov 2012 - 01:33 am

Doha: The outlook for the global economy remains gloomy with some key risks: A looming fiscal crisis in the US, potential for further...

Entrepreneurship at the core of QSTP’s existence: Official 18 Nov 2012 - 01:31 am

Officials who attended a series of workshops conducted by QSTP as part of the GEW in Doha recently. DOHA: Qatar Science & Technology...

Houston mayor invites Qatari investments 18 Nov 2012 - 01:30 am

Anisse Parker, Mayor of the City of Houston, being presented with a memento at a function in Doha recently. DOHA: The Qatari Business-men...

ExxonMobil spill spreads in Niger Delta 18 Nov 2012 - 01:29 am

IBENO, Nigeria: An oil spill at an ExxonMobil facility offshore from the oil-rich Niger Delta has spread at least 20 miles from its...

Oman to issue five-year $260m government bonds 18 Nov 2012 - 01:29 am

MUSCAT: Oman will issue five-year government development bonds worth 100m rials ($260m) at an annual interest rate of 3.25 percent, a statement from...

HSBC Private Bank wins two awards 18 Nov 2012 - 01:27 am

DOHA: HSBC Private Bank received two of the Private Banking industry’s most prestigious awards for its Middle East business. On November 8, HSBC...

Commodity prices mixed on global woes 18 Nov 2012 - 01:27 am

LONDON: Commodity prices traded mixed this week as dealers took their cue from a backdrop of weak global economic growth and geopolitical tensions,...

KPMG turns 35 in Qatar this week 18 Nov 2012 - 01:27 am

DOHA: KPMG is hosting a major client reception later this week to celebrate the firm’s 35th year of operations in Qatar. Scheduled to...

Oil boom in Uganda: A sad story of three Gs 18 Nov 2012 - 01:26 am

JOHANNESBURG: Oil in Africa tends to depend on the three “Big Gs” of geology, geography and governance and investors in east Africa’s much-hyped...

Barclays denies ‘illegal payment’ for Saudi licence 18 Nov 2012 - 01:26 am

DUBAI/JEDDAH: Barclays did not make any “illegal payment” to win a banking licence in Saudi Arabia, the bank said in a statement in...

Twinkies maker to shut business 17 Nov 2012 - 01:31 am

NEW YORK: Hostess Brands Inc, the bankrupt maker of Twinkies and Wonder Bread, has sought a US court’s permission to go out of...

Bank lay-offs near 160,000 17 Nov 2012 - 01:29 am

LONDON: Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures,...

US oil rig ablaze in Gulf of Mexico, two dead 17 Nov 2012 - 01:29 am

WASHINGTON: An oil platform in the Gulf of Mexico off the Louisiana coast caught fire yesterday killing at least two people, the Coast...

Oil rises towards $109 17 Nov 2012 - 01:28 am

LONDON: Oil rose towards $109 a barrel yesterday as a showdown between Israel and the Palestinians stoked worries about supply, but ample stockpiles...

Malaysia economy expands 17 Nov 2012 - 01:09 am

A customer at a vegetable market in Kuala Lumpur yesterday. The State Bank of Malaysia said that the economy expanded by 5.2 percent...

European equities, Dow slip 17 Nov 2012 - 01:09 am

LONDON: European stock market indices dropped yesterday as investors focused on US budget talks to avert a fiscal crisis that could see hundreds...