Business

Qatar Re raises $450m through bond issuance 09 Mar 2017 - 01:18 am

Qatar Insurance Company’s reinsurance subsidiary “Qatar Re (Bermuda) Limited”, announced the successful placement of $450m of Reg S Perpetual non-call 5.5 subordinated Tier...

VW dismisses interest in Fiat Chrysler 09 Mar 2017 - 01:02 am

Geneva: Fiat Chrysler boss Sergio Marchionne's attempts to find a partner were frustrated for a second time in as many days yesterday,as Volkswagen...

Canada to release federal budget on March 22 09 Mar 2017 - 01:02 am

OTTAWA: Canada will release its next federal budget on March 22, the finance minister said on Tuesday, setting the stage for a fresh...

Dubai edges up; Doha Bank pulls down Qatar index 09 Mar 2017 - 01:00 am

Dubai: Most Gulf stock markets were weak yesterday as another slide in Doha Bank pulled down Qatar, but Dubai rose on the back...

US private sector hiring sees biggest surge in six years 09 Mar 2017 - 01:00 am

Washington: US private-sector hiring posted the biggest increase in nearly six years last month, while the goods-producing sector saw record job growth, payroll...

Barclays to close mortgage centre in Wales 09 Mar 2017 - 01:00 am

London: Barclays Plc is planning to close a mortgage centre in Cardiff, Wales, with the loss of more than 180 jobs, sources with...

QSE announces methodology changes to QE Index 09 Mar 2017 - 01:00 am

Qatar Stock Exchange (QSE) has announced that it has made changes to the methodology of the benchmark QE Index, following a decision by...

Kazakhstan forum to attract global players 09 Mar 2017 - 12:56 am

REDmoney events, in partnership with Astana International Financial Center (AIFC), will be organising the IFN CIS Forum on March 14, in Astana, Kazakhstan....

Real estate transaction value rises 47%: Ezdan 09 Mar 2017 - 12:56 am

The real estate transactions increased 47 percent, QR2.2bn in February this year compared to QR1.5bn in the corresponding month last year, said Ezdan...

Euro slips to 5-day low as investors eye ECB meeting 09 Mar 2017 - 12:55 am

London: The euro inched down to a five-day low yesterday, as investors eyed a meeting of the European Central Bank the next day...

GE nearing deal worth $1bn with Caithness Energy 09 Mar 2017 - 12:55 am

New York: General Electric Co. is nearing a deal with Caithness Energy with a potential value of more than $1 bn to supply...

Oil drops further on US report 09 Mar 2017 - 12:51 am

London: Oil dropped further below $56 a barrel yesteday after an industry report pointed to a large rise in crude inventories in the...

Etisalat Nigeria in talks over $1.2bn loan payment 09 Mar 2017 - 12:50 am

Lagos: Abu Dhabi-listed telecoms group Etisalat's Nigerian affiliate is in talks with local banks to renegotiate the terms of a $1.2bn loan it...

McDermott plans manufacturing unit at new Saudi shipbuilding complex 08 Mar 2017 - 07:32 pm

MANAMA: U.S. oilfield services and equipment provider McDermott International said on Wednesday it would build a fabrication yard at a shipbuilding complex planned...

Airbus pushes France into record trade deficit 08 Mar 2017 - 05:11 pm

Paris: France slipped into its biggest monthly trade deficit ever because of weak foreign sales by aircraft maker Airbus, a cornerstone of the...

Barclays to close mortgage centre in Wales, cutting jobs 08 Mar 2017 - 05:05 pm

LONDON: Barclays Plc is to close a mortgage centre in Cardiff, Wales, with the loss of more than 180 jobs, sources with direct...

Qatar Stock Index Drops 46.43 Points 08 Mar 2017 - 02:10 pm

Doha: Qatar Stock Exchange (QSE) index dropped 46.43 points (-0.45%) when the bourse closed trading at 10,370.46 points Wednesday. The volume of shares...