Business

International Islamic wins Best Bank in Qatar Award 27 Jan 2015 - 12:23 am

Ehab Eshehawi receiving the award from Chafic Haddad. DOHA: International Islamic (QIIB) won Citibank New York’s “Best Bank in Qatar Award” for its...

GDI signs deal with GLB for liftboat services 27 Jan 2015 - 12:22 am

Ibrahim J Al Othman (left) and Hans Simons during the signing ceremony. DOHA: Gulf Drilling International Limited (GDI), a subsidiary of Gulf International...

Qatar may build 2nd LNG terminal in Italy 27 Jan 2015 - 12:14 am

Mohammed bin Ahmed bin Tawar Al Kuwari, (fifth right) Vice-Chairman of the Qatar Chamber, Guido De Sanctis, Italian Ambassador, (third left) Andrea Ferrari,...

Masraf Al Rayan posts QR2bn net profit 27 Jan 2015 - 12:13 am

DOHA: Masraf Al Rayan recorded a solid net profit of QR2bn for the full-year 2014, reflecting a 17.6 percent increase compared to 2013....

QInvest, Masraf Al Rayan announce investment funds 27 Jan 2015 - 12:12 am

Neal Jenkins; Tamim Hamad Al Kawari and Dr Ataf Ahmed By Satish Kanady DOHA: Two Qatar-based banks yesterday announced their respective decisions to...

QP, QPI merger aimed at expanding growth 27 Jan 2015 - 12:10 am

DOHA: Qatar Petroleum (QP) yesterday formally announced its board of directors’ decision to integrate Qatar Petroleum International (QPI), within QP, in an effort...

London Mayor looks to build financial ties with Qatar 27 Jan 2015 - 12:04 am

DOHA: The Lord Mayor of the City of London, Alderman Alan Yarrow, will be visiting Qatar today to help improve the financial and...

Qatar bourse index loses 11.41 points 27 Jan 2015 - 12:03 am

Doha/Dubai: Qatar Exchange index lost 11.41 points, or 0.10 percent, as it closed at 11,836.07 points yesterday down from the previous closing of...

UAE remittances: Who sends home the most money? 26 Jan 2015 - 09:19 pm

Expatriates crowd an exchange house to send money home Rising US dollar drives remittances from UAE Fuelled by the strengthening of the dollar...

Bank sees year of low growth, high inflation in Brazil 26 Jan 2015 - 07:10 pm

Brazil's Central Bank Brasília--Brazil's central bank Monday forecast stagnant growth and rising inflation for 2015, with Latin America's largest economy advancing just 0.13...

US stocks open lower after leftists top Greek vote 26 Jan 2015 - 05:51 pm

New York--US stocks fell in opening trade Monday after Greece voters placed the leftist, anti-austerity party Syriza in power in a vote that...

Euro rocked by Greek election result 26 Jan 2015 - 03:40 pm

London--The euro struck an 11-year low versus the dollar Monday after anti-austerity party Syriza won Greece's elections, sparking fears that the country could...

Pakistan fuel crisis weighing on credit worthiness 26 Jan 2015 - 01:14 pm

Islamabad--Pakistan's ongoing fuel shortage that has led to worsening power blackouts is weighing on its credit worthiness and hindering its ability to meet...

Spain growth could hit 2.5 % in 2015 26 Jan 2015 - 01:02 pm

Madrid--Spain's recovering economy could grow as much as 2.5 percent this year if oil prices and the euro stay low, the economy minister...

German business confidence hits six-month high in January 26 Jan 2015 - 12:58 pm

Caption Frankfurt--German business confidence rose to its highest level in six months in January, as the outlook for Europe's biggest economy continues to...

Euro hits 11-year low, Asia shares fall on Greece fears 26 Jan 2015 - 09:33 am

Hong Kong---The euro sank to a new 11-year low and Asian equities retreated after an anti-austerity party won Greece's general elections, throwing its...

Oil prices down in Asia 26 Jan 2015 - 09:25 am

Singapore---Oil fell in Asia Monday after the anti-austerity party Syriza swept to victory in Greece's general elections, dealing a further blow to the...

Japan trade deficit swells to record in 2014 26 Jan 2015 - 09:22 am

Tokyo---Japan's trade deficit swelled to a record $109 billion in 2014, data showed Monday, mostly because of huge post-Fukushima energy bills, but analysts...