Business

European stocks rise on positive data 02 Nov 2012 - 04:29 am

LONDON: European stocks rose yesterday on a barrage of positive earnings reports and buoyant US data, shrugging of the latest twist in Greece’s...

IFSB releases draft standards on capital adequacy 02 Nov 2012 - 04:29 am

DUBAI: The Islamic Financial Services Board (IFSB) released new draft guidelines on capital adequacy for Islamic banks and the risk management of takaful...

Brent and US crude diverge 02 Nov 2012 - 04:28 am

LONDON: Brent crude oil futures fell to around $108.40 a barrel yesterday as investors assessed the aftermath of super storm Sandy, while US...

Qatari firms disappoint investors 01 Nov 2012 - 05:30 am

DOHA: Qatari listed companies have failed to impress investors with their net profits that add up to QR28.5bn ($7.80bn) year-on-year in the first...

Mena energy capital investment to reach $740bn in five years 01 Nov 2012 - 05:29 am

DOHA: With an objective to meet its fast growing electricity demand, the Middle East and North Africa’s (Mena) total energy capital investment is...

Qatar banks preparing for infrastructure boom 01 Nov 2012 - 05:28 am

DOHA: Qatari banks are bulking up to play a role in funding the country’s massive infrastructure expansion. But in a country which is...

Gulf railway boom to shape economies 01 Nov 2012 - 05:27 am

DUBAI: A century after Lawrence of Arabia cut the Damascus-Medina railway, governments are embarking on plans to restore long-distance rail transport in the...

Opec output up in Oct: Survey 01 Nov 2012 - 05:27 am

LONDON: Opec oil output has risen slightly in October as extra supplies from Iraq, Angola and Libya offset a further decline in Iran...

18.49 million jobless in eurozone 01 Nov 2012 - 05:26 am

BRUSSELS: Unemployment in the eurozone hit a record high in September with nearly 150,000 more jobs lost as the bloc’s debt crisis further...

European stocks down; NYSE opens 01 Nov 2012 - 05:25 am

LONDON: European equities fell yesterday despite a raft of largely positive company results, with trading volumes boosted by the resumption of activity in...

Egypt, IMF in talks over $4.8bn loan 01 Nov 2012 - 05:25 am

CAIRO: The Egyptian government resumed negotiations yesterday with the International Monetary Fund on a loan to help the country shore up public finances...

Qatar Exchange rises by 0.29pc 01 Nov 2012 - 05:24 am

Doha: Qatar Exchange pursued its upswing trend yesterday, adding 25.12 points (or 0.29 percent) to advance to 8,546.49 points from 8,521.37 on Tuesday....

International Islamic posts QR531m profit 31 Oct 2012 - 04:48 am

Sheikh Dr Khalid bin Thani bin Abdullah Al Thani & Abdulbasit A Al Shaibei DOHA: Qatar International Islamic Bank (International Islamic) announced the...

Aamal’s Q3 net profit rises 37.6 percent 31 Oct 2012 - 04:47 am

DOHA: Aamal Company QSC (Aamal) yesterday announced nine-month and third quarter financial results for the period ended September 30, 2012. Driven by continuing...

QIC approves sale of over 7m shares to Qatar Holding 31 Oct 2012 - 04:47 am

DOHA: The Board of Directors of Qatar Insurance Company (QIC) has approved the sale of over 7 million shares to Qatar Holding, the...

EU budget proposals run into crossfire of criticisms 31 Oct 2012 - 04:46 am

BRUSSELS: A compromise proposals on the European Union’s long-term budget, cutting more than ¤50bn ($64.5bn) from the original blueprint, ran into a crossfire...

Dana Gas won’t repay Islamic bond on maturity 31 Oct 2012 - 04:45 am

DUBAI: Dana Gas is set to become the first United Arab Emirates (UAE) company to fail to pay an Islamic bond on maturity,...

UBS to cut 10,000 jobs; wind down fixed income business 31 Oct 2012 - 04:45 am

UBS employees exit the UBS headquarters in London, yesterday. The bank is expected to lay off employees from its London offices. ZURICH: Swiss...