Business

Moving listening room 25 Oct 2012 - 05:10 am

Journalists look at Mitsuoka Motors’ special edition 1200-cc classic sedan car, ‘Viewt OTTAVA’ during its press preview in Tokyo yesterday. With a collaboration...

Finance sector share in Qatar GDP up 14.5pc 25 Oct 2012 - 05:10 am

DOHA: The contribution of Qatar’s “Finance, insurance, real estate and business services” sector to the country’s GDP grew at an average rate of...

Egypt turns to Algeria, Qatar for more gas 25 Oct 2012 - 05:09 am

CAIRO: Egypt, a gas producer and exporter, has agreed to import Algerian gas and is in talks with Qatar for a similar deal,...

US oil prices hit lowest since July 25 Oct 2012 - 05:09 am

LONDON: Global oil prices fell yesterday, with New York crude hitting the lowest level since July, as surging US crude stocks and weak...

Ezdan Holding Group records QR261m net profit 25 Oct 2012 - 05:09 am

DOHA: Ezdan Holding Group has disclosed the interim financial statements for the period ending September 30, 2012. The financial statements revealed a net...

US sues Bank of America over ‘Hustle’ mortgage fraud 25 Oct 2012 - 05:08 am

New york: The United States filed a civil mortgage fraud lawsuit against Bank of America Corp accusing it of selling thousands of toxic...

Qatar Exchange index drops 0.23 percent this week 25 Oct 2012 - 05:08 am

DOHA: The Qatar Exchange index lost 19.82 points or 0.23 percent during this week to close at 8,516.31 points as the bourse closed...

Abu Dhabi Exchange 25 Oct 2012 - 05:07 am

An investor monitors a stock exchange information screen at the ADX Abu Dhabi Securities Exchange stock market yesterday.

Workshop discusses QBI prospects 25 Oct 2012 - 05:07 am

DOHA: Award-winning SMEs organisation, Qatar Development Bank (QDB), and Social Development Centre (SDC), member of Qatar Foundation, have recently organised a stakeholders’ workshop...

Amwal to launch asset management, investment advisory services at QFC 25 Oct 2012 - 05:06 am

DOHA: Amwal QSC, a leading Qatari investment firm, is launching its asset management and investment advisory services at the Qatar Financial Centre (QFC),...

Singapore Airlines, budget wing order 45 planes 25 Oct 2012 - 05:06 am

SINGAPORE: Singapore Airlines and its budget subsidiary Scoot yesterday announced orders for 45 Airbus and Boeing aircraft in a multibillion-dollar expansion that defies...

Greece gets more time for austerity cuts 25 Oct 2012 - 05:06 am

ATHENS: Greece’s finance minister said yesterday that his country had been given additional time by its international lenders to impose its austerity cuts,...

Manufacturing sector in China shows signs of recovery 25 Oct 2012 - 05:05 am

BEIJING: China’s manufacturing sector showed signs of recovery yesterday as an HSBC survey provided fresh evidence that the worst may be over for...

Ford to close Belgium plant by end-2014 25 Oct 2012 - 05:04 am

GENK, Belgium/MADRID: Ford Motor Co will close a Belgian factory employing 4,300 workers by the end of 2014, shifting production to Spain as...

Bank of Khartoum to restart Islamic bond sale 25 Oct 2012 - 05:04 am

KHARTOUM: Bank of Khartoum, Sudan’s oldest bank, plans to start selling Islamic corporate bonds, or sukuks, again as the economic outlook for African...

Etisalat waiting for takeovers 25 Oct 2012 - 05:04 am

DUBAI: Middle East telecom operator Etisalat expects a shakeout in the sector to throw up takeover opportunities in the next 18 months and...

Mashreq bank Q3 profit jumps 86 percent 25 Oct 2012 - 05:03 am

DUBAI: Mashreq, Dubai’s second-biggest bank by stock market value, yesterday posted an 86 percent year-on-year jump in net profit for the third quarter...

Peugeot gets govt rescue as crisis deepens 25 Oct 2012 - 05:02 am

PARIS: PSA Peugeot Citroen unveiled a government-backed refinancing deal for its lending arm as the struggling French automaker’s financial position deteriorated further, sending...