Business

Bank of England agents help policy makers see through Brexit economic noise 14 Jul 2019 - 10:16 pm

The Bank of England’s network of eyes and ears across the U.K. is increasingly being tapped for economic clues as Brexit distorts the...

Erdogan says Turkey will make serious rate cuts: Haberturk 14 Jul 2019 - 07:56 pm

ISTANBUL: President Tayyip Erdogan said Turkey will make serious cuts to interest rates, broadcaster Haberturk reported on Sunday, a week after he replaced...

Huawei planning major job cuts in US: WSJ 14 Jul 2019 - 07:56 pm

Washington: Chinese telecoms giant Huawei, which is subject to US sanctions over concerns about its ties to the government in Beijing, is planning...

Indonesia president pledges more infrastructure, investment in second term 14 Jul 2019 - 07:56 pm

BOGOR, Indonesia: Indonesia's recently re-elected President Joko Widodo on Sunday outlined his vision for a second term, pledging faster infrastructure development and more...

QFC Regulatory Authority imposes $100,000 penalty on financial services company 14 Jul 2019 - 03:40 pm

Doha: The QFC Regulatory Authority today announced that it had agreed a settlement with International Financial Services (Qatar) (IFSQ) to impose a financial...

Dewan Housing posts first loss as business grinds to a halt 14 Jul 2019 - 03:19 pm

Beleaguered Indian shadow lender Dewan Housing Finance posted its first quarterly loss in more than a decade, missed interest payments and cast doubt...

Credit growth by Islamic banks records highest in service, industries sectors 14 Jul 2019 - 09:03 am

Doha: The contribution of Qatar’s Islamic banks to finance the Consumer Sector was greater than that of other sectors. The contribution ratio in...

Islamic banks play key role in Qatar’s financial sector 14 Jul 2019 - 09:03 am

Doha: Islamic banks are playing a vital role in Qatar’s financial and banking sector, H E Sheikh Abdullah bin Saoud Al Thani, Governor,...

Oil prices to influence GCC banks’ performance 14 Jul 2019 - 09:00 am

Doha: Geopolitics and oil are key for GCC banks for 2019-2020. The GCC banks’ financial profiles should remain stable for the remainder of...

QC, Iraqi Chambers of Commerce sign MoU 14 Jul 2019 - 08:58 am

Doha: Qatar Chamber of Commerce and Industry signed a memorandum of understanding with the Federation of Iraqi Chambers of Commerce to enhance cooperation...

Doha Bank launches car loan bundled offer 14 Jul 2019 - 08:46 am

Doha: Doha Bank has announced the launch of a special car loan offer with attractive interest rates and long tenures. Free comprehensive car...

QIB shines at Euromoney Awards as Qatar’s Best Bank 14 Jul 2019 - 08:41 am

Doha: Qatar Islamic Bank (QIB) was honoured as “Qatar’s Best Bank” at the 2019 edition of the Euromoney Awards for Excellence. Bassel Gamal,...

Tech startups attract growing number of entrepreneurs 14 Jul 2019 - 08:39 am

Doha: When Rabie Al Ghali was just eight years old, he decided to give up waiting for his school bus. And without his...

Kahramaa awards 34 contracts worth QR 565 million to local companies in first half of 2019 13 Jul 2019 - 04:10 pm

Doha: Qatar General Electricity & Water Corporation (Kahramaa) has awarded 34 works, services and supply contracts worth a total value of about QR...

Italy to keep underperforming peers after 2019 stagnation 13 Jul 2019 - 12:37 am

Italy’s economy will underperform its euro peers in the future after stagnating this year, even after the European Central Bank’s loose-money policies significantly...

Storm Barry threatens farming from cotton to sugar in rain washout 13 Jul 2019 - 12:37 am

Tropical Storm Barry’s dangerous downpours are threatening crops from cotton to sugar, grinding shrimping to a halt and forcing grain elevators to shut....