Business

Car sales in India slump 11 Dec 2012 - 01:30 am

A man walks among parked vehicles at a car yard in Jammu yesterday. Car sales in India slumped eight percent in November, dashing...

Qatari bourse index slips by 12.79 points 11 Dec 2012 - 01:29 am

Doha: Qatar Exchange index lost 12.79 points or 0.15 yesterday to 8,341.86 points from the previous closing of 8,354.65 points. The volume of...

South Korea to cut Iran crude imports by 20pc 11 Dec 2012 - 01:29 am

SEOUL: South Korean refiners will cut imports of Iranian crude during the six months to May by about a fifth from a year...

Dana Gas sets out restructured sukuk terms 11 Dec 2012 - 01:26 am

DUBAI: Dana Gas, the first UAE group to default on an Islamic bond, is offering bondholders $70m in cash and an average eight...

Salam International plans five joint ventures 11 Dec 2012 - 01:23 am

Doha: Salam International Investment Limited (SIIL) has announced joint venture with five international companies as part of its business expansion plans. Among the...

Opec to decide output target 10 Dec 2012 - 01:04 am

LONDON: Opec gathers in Vienna this week for a ministerial meeting to decide on the cartel’s oil production ceiling, as a predicted drop...

Qtel mandates six banks for possible bond issue 10 Dec 2012 - 01:03 am

DUBAI: Qatar Telecom (Qtel) has mandated six banks for a possible benchmark-sized dollar-denominated bond, lead arrangers said on Thursday, in what would be...

QP sponsors Maintcon 2012 10 Dec 2012 - 12:23 am

Khalid Yousuf Al Sahlawi, Manager for Integrated Facilities of QP’s Dukhan Operations, handing over a gift to Shaikh Ahmed bin Mohammed Al Khalifa,...

GCC retail sector to reach $270bn by 2016: Report 10 Dec 2012 - 12:22 am

DOHA: The retail sector in the GCC has displayed strong resilience in the face of global economic downturn and is expected to reach...

Greece plans reopening debt buyback invitations 10 Dec 2012 - 12:22 am

ATHENS: Greece may ask for additional offers from bondholders in a debt buyback plan that forms part of its international bailout, Greek officials...

Azerbaijan bank plans $150m Islamic loan 10 Dec 2012 - 12:20 am

MANAMA: International Bank of Azerbaijan (IBA), the country’s biggest lender, plans to raise $150m through an Islamic syndicated loan early next year and...

Dhaka invites firms to explore gas 10 Dec 2012 - 12:19 am

DHAKA: Bangladesh yesterday invited bids from international companies to explore offshore oil and gas reserves, an official said, as the fast-growing economy seeks...

August cyber attack targeted all Saudi Arabia: Aramco 10 Dec 2012 - 12:19 am

DHAhran: Oil giant Saudi Aramco said yesterday that an August cyber attack on its computer network targeted not just the company but the...

General Motors to close plant in Germany 10 Dec 2012 - 12:18 am

Snow-covered new Opel cars just off the production line, parked at the Opel Works in Bochum, northwest Germany, before daybreak yesterday. In response...

Weekly Commodity Update: Commodities lose momentum as fiscal cliff and stronger dollar bite 09 Dec 2012 - 11:56 pm

By Ole Hansen (Head of Commodity Strategy, Saxo Bank) The first week of December saw commodity markets lose some of the positive momentum...

Weekly Money Market Review with IBQ: Fiscal cliff deal hopes support market sentiments 09 Dec 2012 - 11:55 pm

After five days of making higher lows and highs, the Euro outperformance ended after the European Central Bank press conference on Thursday. The...

Qatari bourse index slips by 5.65 points 09 Dec 2012 - 11:54 pm

Doha: Qatar Exchange index was down 5.65 points or 0.07 yesterday to reach 8,354.65 points from the previous closing of 8,360.30 points. The...

Business leaders present private sector trade priorities at WTO 09 Dec 2012 - 11:54 pm

DOHA/GENEVA: Business leaders presented to World Trade Organization (WTO) permanent ambassadors and representatives, at WTO headquarters in Geneva yesterday, their initial recommendations for...