Business

Qatar Exchange index falls on heavy sell-off 31 Oct 2014 - 08:46 am

DOHA: Qatari stocks plunged on heavy profit-taking yesterday, a day after Federal Reserve announced its decision to wound up its over five-year-long quantitative...

Trade, defence spending buoy US growth 31 Oct 2014 - 08:41 am

WASHINGTON: A smaller trade deficit and a surge in defence spending buoyed US economic growth in the third quarter, but other details of...

$6bn NCB float ends on Sunday 31 Oct 2014 - 08:41 am

DUBAI: Saudi Arabia is still expected to chalk up the region’s biggest ever listing when National Commercial Bank’s SR22.5bn ($6bn) offering closes on...

Most European stock markets close up 31 Oct 2014 - 08:40 am

LONDON: Europe’s main stock markets closed up yesterday, lifted by the European Central Bank’s announcement that it would begin buying asset-backed securities in...

Gold dips below $1,200 31 Oct 2014 - 08:40 am

LONDON: Gold prices dipped below $1,200 an ounce yesterday and silver slid to a four-and-a-half year low after the Federal Reserve ended its...

Qatar’s UK investments hit £30bn 30 Oct 2014 - 02:53 am

The Minister of Economy and Commerce, H E Sheikh Ahmed bin Jassim bin Mohammed Al Thani, (right) greets guests at the Qatari-British Economic...

Extensive rules in place for margin trading 30 Oct 2014 - 02:50 am

BY MOBIN PANDIT DOHA: Extensive rules have been put in place for margin trading activities to be conducted on the Qatari bourse, Qatar...

Federal Reserve ends quantitative easing stimulus programme 30 Oct 2014 - 02:44 am

WASHINGTON: The Federal Reserve decided yesterday to end its quantitative easing stimulus programme, after six years of pumping money into the economy via...

Opec chief says don’t panic on oil price drop 30 Oct 2014 - 02:41 am

LONDON: Opec’s oil production is unlikely to change much in 2015 and there is no need to panic at the crude price drop,...

IT is strategic enabler for business: EMC 30 Oct 2014 - 02:39 am

FROM LEFT: Samer Diya, Country Manager of EMC, Simon Walsh, Chief Operating Officer, EMEA, Mohammed Amin, Senior Vice-President and Regional Manager of EMC...

Air Arabia marks eleventh year of operations 30 Oct 2014 - 02:38 am

Officials of Air Arabia, the first and largest low-cost carrier in the Middle East and North Africa, celebrating the eleventh year of successful...

Apec summit 30 Oct 2014 - 02:32 am

Workers installing lighting on an Apec signpost in Beijing. Countries at the summit pledged to pursue “flexible” fiscal policies to support the world...

Lloyds to shed 9,000 jobs 30 Oct 2014 - 02:31 am

People walk past a branch of Lloyds bank in central London. Lloyds Banking Group aims to shed 9,000 jobs and close 150 branches...

Minimum capital for SME listing cut to QR2m 30 Oct 2014 - 01:36 am

DOHA: The capital market regulator has reduced the minimum capital requirement to QR2m, from QR5m, for SMEs wanting to be listed on the...

Commercial Bank profit surges 19pc 30 Oct 2014 - 01:36 am

DOHA: The Commercial Bank of Qatar or Commercial Bank, delivered a net profit of QR1.55bn for the nine months of 2014, a 19...

80 nations tie up to end banking secrecy 30 Oct 2014 - 01:35 am

BERLIN: More than 80 countries signed up to a deal that could help end banking secrecy yesterday in what the sponsors hope will...

Microsoft cuts 3,000 jobs 30 Oct 2014 - 01:35 am

SEATTLE: Microsoft Corp said yesterday it cut about 3,000 jobs, effectively completing its plan to reduce its workforce by 18,000, or 14 percent...

Milaha net profit grows by 5.5pc 30 Oct 2014 - 01:34 am

DOHA: Qatar Navigation (Milaha) recorded a net profit of QR821m for the first nine months ended September 2014, up 5.5 percent compared to...