Business

Mideast passenger demand growth soars 14pc: IATA 03 Jul 2015 - 01:33 am

DOHA: The International Air Transport Association (IATA) announced global passenger traffic results for May showing strong demand growth compared to May 2014 for...

ECB worries about Greece as source of market volatility 03 Jul 2015 - 01:33 am

Frankfurt: The European Central Bank worries about the wrangling over a debt deal with crisis-hit Greece as a source of financial market volatility,...

BP says settles U.S. 2010 oil spill claims for $18.7bn 02 Jul 2015 - 04:54 pm

Fire boat response crews battle the blazing remnants of the offshore oil rig Deepwater Horizon, off Louisiana, in this April 21, 2010 file...

Qatar stock index edges lower this week 02 Jul 2015 - 04:26 pm

DOHA: Qatar Stock Exchange (QSE) index edged lower this week when the bourse closed Thursday at 12,121.08 points, down 12.15 points, or 0.10...

Asia stocks rise for 3rd day though Greece, China concerns weigh 02 Jul 2015 - 01:31 pm

A woman stands in front of a display showing market indices at the Tokyo Stock Exchange (TSE) in Tokyo June 29, 2015. HONG...

Doha Bank raises QR2bn Tier 1 capital-boosting bond 02 Jul 2015 - 09:51 am

DUBAI: Doha Bank raised 2 billion riyals ($549.3 million) through the issuance of capital-boosting bonds on Tuesday, Qatar’s fifth-largest lender by assets said...

AIIB to play vital role in Asian infrastructure sector: Qatar 02 Jul 2015 - 12:44 am

Chinese President Xi Jinping (C, front) pose for a group photo with delegates attending the signing ceremony for the Articles of Agreement of...

Greece govt digs in against bailout 01 Jul 2015 - 09:06 pm

Greek Finance Minister Yanis Varoufakis arrives on his motorbike prior to a meeting at the office of Prime Minister Alexis Tsipras in Maximos...

Qatar stock index falls 151.92 points 01 Jul 2015 - 05:45 pm

DOHA: Qatar Stock Exchange (QSE) index fell 151.92 points (1.25 percent) when the bourse closed trading Wednesday at 12,049.10 points. The market capitalization...

ECB's Draghi defends Greek pension, tax reforms 01 Jul 2015 - 04:27 pm

BRUSSELS: The president of the European Central Bank defended reforms to Greece's pension and tax system agreed in the country's bailout in a...

QIB raises QR2bn through Sukuk 01 Jul 2015 - 03:43 pm

DOHA: Qatar Islamic Bank (QIB) announced that it has raised QR2bn (nearly $550m) in Basel III compliant Additional Tier 1 Perpetual Sukuk to...

Greece offers conditional okay to bailout, Germany sceptical 01 Jul 2015 - 02:36 pm

Greek Prime Minister Alexis Tsipras looks on during a parliamentary session in Athens, Greece June 27, 2015. ATHENS/BRUSSELS: Greek Prime Minister Alexis Tsipras...

Bank of England warns Greek crisis could trigger broader market problems 01 Jul 2015 - 01:00 pm

LONDON: The Bank of England said it stands ready to "take any actions required" after Greece's rapid economic slide in just the past...

China parliament ratifies BRICS Bank agreement 01 Jul 2015 - 11:32 am

BEIJING: China’s largely rubber-stamp parliament ratified an agreement with the world’s largest emerging nations on Wednesday to create a new development bank, state...

Saudi Arabia to cut August medium, heavy crude oil prices 01 Jul 2015 - 11:15 am

SINGAPORE: Top oil exporter Saudi Arabia is expected to cut monthly prices for medium and heavy grades it sells to Asia in August...

Qatar benchmark index rebounds to close second quarter 01 Jul 2015 - 12:06 am

By Satish Kanady DOHA: Qatari stocks edged up yesterday snapping three straight days’ deep sell-off. The benchmark index rebounded to the biggest one-day...

ARTIC acquires St Regis Washington 01 Jul 2015 - 12:05 am

Tarek M El Sayed (left) with Matt Kenney DC, Managing Principal, Westbrook Partners. DOHA: Al Rayyan Tourism Investment Company (ARTIC), the international hotel...

Greece asks for bailout extension 01 Jul 2015 - 12:03 am

Protesters raise a huge EU flag reading ‘Yes’ in Greek during a rally for Greece to remain in the Eurozone, outside the Greek...