Business

Barwa Bank eyeing Doha IPO, says CEO 02 Oct 2012 - 07:45 pm

DOHA/DUBAI: Barwa Bank, a Qatari lender part-owned by Qatar Holding, plans an initial public offering on the Doha stock exchange and is being...

QE index gained 26.57 points in Sept 02 Oct 2012 - 07:45 pm

DOHA: The Qatari bourse gained 26.57 points (or 0.31 percent) last month over August 2012 as trading closed at 8,510.21 points on September...

Greek budget sees 6th year of recession 02 Oct 2012 - 07:44 pm

ATHENS: Greece will bring forward painful budget cuts to end a decade of primary deficits while grappling with a sixth year of recession,...

Kuwait should cut spending: central bank governor 02 Oct 2012 - 07:44 pm

KUWAIT: Kuwait’s government should take all necessary measures to cut spending and focus on investing in projects that will benefit the major oil...

UAE, Morocco banks bid for BNP Egypt unit 02 Oct 2012 - 06:33 pm

DUBAI/CAIRO: Dubai’s Emirates NBD and Morocco’s Attijariwafabank have bid for BNP Paribas’ Egyptian retail arm, four banking sources said, as regional banks look...

Egypt talks on $4.8bn deal with IMF delayed 02 Oct 2012 - 06:33 pm

CAIRO: Egypt’s negotiations for a $4.8bn loan from the IMF have been delayed to give the government more time to draw up its...

Iran currency tumbles 17pc in one day 02 Oct 2012 - 06:33 pm

TEHRAN: Iran’s currency plummeted at least 17 percent in trading yesterday, according to media and an online exchange website, severely adding to strains...

KPMG to hold seminar on FATCA US tax legislation 02 Oct 2012 - 06:32 pm

Doha: The impact of the USA’s Foreign Account Tax Compliance Act (FATCA) legislation on the Qatar financial market and the recent developments over...

QFIB supports Meed Qatar summit 02 Oct 2012 - 06:31 pm

Doha: Qatar First Investment Bank (QFIB), Qatar’s independent Islamic investment bank authorised by the QFC Regulatory Authority has announced its support as the...

Nationalise banks to get Britain working again 02 Oct 2012 - 06:31 pm

By Jonathan White AS the Labour party meets this weekend, its leadership will come under pressure from the trade union movement to show...

Tax reform does not guarantee growth 02 Oct 2012 - 06:30 pm

By David Callahan ONE of the few things that President Obama and Mitt Romney are likely to agree on when they debate next...

Don’t panic about the fiscal cliff 02 Oct 2012 - 06:29 pm

By Anatole Kaletsky WHO’S afraid of the fiscal cliff? Even as protests in Spain and Greece revive jitters in the eurozone, global businesses...

Doha Downtown opens today 01 Oct 2012 - 02:20 pm

By CHRIS V PANGANIBAN DOHA: Doha Downtown, the newest luxury hotel apartments in Qatar formally opens today offering its customers inexpensive yet cozy...

Qatar-UAE trade put at $653m in first quarter 01 Oct 2012 - 02:19 pm

DOHA: The value of bilateral trade between Qatar and the United Arab Emirates (UAE) during the first quarter (Q1) of 2012 was about...

QE to rebalance key indices today 01 Oct 2012 - 02:19 pm

DOHA: The Qatari bourse will be rebalancing its key indices (the main index as well as the All-Share Index) effective from today, according...

Banks seek QCB nod to open branches in US, France and Arab countries 01 Oct 2012 - 02:19 pm

DOHA: Several local banks have approached the banking regulator, Qatar Central Bank (QCB), for permission to open branches in some European and fellow...

Top honour for SIIL Chairman & CEO 01 Oct 2012 - 02:18 pm

DOHA: Issa Abdul Salam Abu Issa, Chairman and CEO of Salam International Investment Ltd. (SIIL) was honoured for his outstanding contribution to Qatar’s...

Damas store at Lulu Al Khor Mall 01 Oct 2012 - 02:17 pm

Doha: Damas, the Middle East’s leading jewellery and watch retailer, recently (September 27) inaugurated its new store in the Lulu Al Khor Mall,...