Business

International Islamic wins Best Islamic Bank award 06 Oct 2013 - 01:10 am

International Islamic Deputy CEO Jamal Abdullah Al Jamal receiving the award. DOHA: International Islamic (QIIB) has won the “Best Islamic Bank in Qatar...

US set to be top oil, gas producer this year: EIA 06 Oct 2013 - 01:10 am

WASHINGTON: The United States could push past Russia and Saudi Arabia as the world’s largest single producer of oil and of natural gas...

Qatar’s economy maintains strong growth 06 Oct 2013 - 01:09 am

Doha: Qatar’s economy continued to maintain its strong growth momentum in the second quarter of 2013, according to QNB Group. Qatar’s real GDP...

Barzan Gas Project’s offshore topsides sail into Qatar 06 Oct 2013 - 01:08 am

The three Barzan wellhead platforms are the twelfth, thirteenth and fourteenth to be built and installed by RasGas. Doha: RasGas Company Ltd (RasGas)...

Dubai aims to be Islamic business hub 06 Oct 2013 - 01:08 am

DUBAI: Dubai unveiled plans yesterday to become a centre for business that follows Islamic principles in areas from banking and insurance to food...

Gazprom on track for launch of Arctic oil project 06 Oct 2013 - 01:01 am

MOSCOW: Gazprom has announced that it is on track to begin oil production this year at the Prirazlomnoye Arctic oil project that has...

Qatar Exchange Roundup: Qatar stocks rebound on positive sentiment 06 Oct 2013 - 12:59 am

By Basher Kahloot A recovery in investor confidence lifted QE’s benchmark index to 180 points last week. The market capitalisation grew by nearly...

Airbus orders top 1,000 06 Oct 2013 - 12:59 am

PARIS: Airbus orders rose to more than 1,000 aircraft in the first nine months of the year, beating its target for 2013, after...

Global trade deal within reach: WTO chief 06 Oct 2013 - 12:58 am

NUSA DUA: The World Trade Organisation (WTO) appealed yesterday for support from Asia-Pacific nations to help clinch a deal on easing global trade...

IMF forecasts 4.4pc growth for GCC in ’14 06 Oct 2013 - 12:58 am

DOHA: International Monetary Fund (IMF) has asked the GCC countries to push for further reforms and ensure a stronger growth in the region....

Memories of Facebook cloud Twitter IPO 06 Oct 2013 - 12:58 am

SAN FRANCISCO: When Facebook Inc was preparing to go public last year, the telephones at Granite Investment Advisors rang off the hook as...

Turkey should tighten fiscal and monetary policies: IMF 06 Oct 2013 - 12:48 am

WASHINGTON: The Intern-ational Monetary Fund called on Turkey to tighten its monetary and fiscal policies to reduce its external imbalances, which have been...

Iraq oil exports decline 05 Oct 2013 - 03:22 am

A worker adjusts the valve of an oil pipe at Najaf oil refinery in Najaf, 160km south of Baghdad, yesterday. Iraq exported an...

New South Sudan bank to focus on retail, trade ties with Gulf 05 Oct 2013 - 03:15 am

JUBA: South Sudanese lender Liberty Commercial Bank plans to expand its retail business with the help of foreign investors and is looking for...

Oil heads towards $110 as storm nears US Gulf 05 Oct 2013 - 03:14 am

LONDON: Brent crude oil edged towards $110 a barrel yesterday as a tropical storm approached the oil-producing regions around the US Gulf, but...

Barclays to wrap up $9.4bn cash call to bolster capital 05 Oct 2013 - 03:13 am

LONDON: Barclays completed its £5.8bn ($9.4bn) fundraising yesterday to meet a capital shortfall identified by its regulator, after almost 95 percent of the...

Moody’s lowers credit rating of Brazil’s Petrobras 05 Oct 2013 - 03:13 am

RIO DE JANEIRO: Credit rating agency Moody’s has downgraded the long-term debt rating of Brazil’s state-run energy giant Petrobras, citing concern that the...

Royal Mail to price sale at upper end of range 05 Oct 2013 - 03:13 am

LONDON: Britain is set to price the sale of its Royal Mail postal service towards the upper end of its original range, two...