Business

Gulf states saw $780m fund outflow on Fed taper 28 Oct 2014 - 12:33 am

DUBAI: Capital outflows from Gulf Arab states have totalled only about $780m since the US Federal Reserve unveiled its plan to wind down...

QP hosts 35th GCC oil companies meeting 28 Oct 2014 - 12:32 am

Doha: The 35th Meeting of the GCC National Oil Companies Production and Maintenance Team opened here yesterday. Qatar Petroleum (QP) is hosting the...

Ahli United Bank net profit rises 30.1pc 28 Oct 2014 - 12:23 am

DOHA: Ahli United Bank (AUB) reported a net profit attributable to its shareholders of $376.3m (QR1.37bn) for the nine months ended September 30,...

Samsung to exit LED lighting business outside S Korea 28 Oct 2014 - 12:22 am

SEOUL: Samsung Electronics Co Ltd said yesterday that it will cease its light emitting diode (LED) lighting business outside of South Korea, scaling...

Labregah gets domestic M&A deal award 28 Oct 2014 - 12:22 am

DOHA: Labregah Real Estate Company, a wholly owned subsidiary of Qatari Diar Real Estate Investment Company, was officially recognised by the International Financial...

Al khaliji unveils hassle-free banking service for newcomers 28 Oct 2014 - 12:22 am

DOHA: Al Khalij Commercial Bank (al khaliji) has launched a new product ‘New to Qatar’ to enable newcomers to Qatar access to hassle-free...

Iraqi economy to shrink 2.7pc in 2014: IMF 28 Oct 2014 - 12:21 am

DUBAI: Iraq’s economy is likely to shrink 2.7 percent this year, the first contraction since the US-led invasion in 2003, after Islamic State...

China, Singapore to start direct currency trading 28 Oct 2014 - 12:21 am

SHANGHAI: China will begin trading its yuan currency directly with the Singapore dollar today, the national foreign exchange market operator said, in the...

Valeant to raise Allergan bid 28 Oct 2014 - 12:20 am

New York: Valeant Pharmaceuticals International Inc yesterday said in a letter to Allergan Inc’s board of directors that it was prepared to raise...

Greek bank deposits rise 27 Oct 2014 - 11:49 pm

A street musician plays his instrument outside a Eurobank branch in central Athens yesterday. Greek bank deposits rose in September for the seventh...

Investment seminar 27 Oct 2014 - 11:43 pm

Ernst & Young recently held an outbound investment strategies seminar at the Hilton Hotel Doha. The seminar titled ‘Navigating change in the financial...

Qatar index drops; most Mideast markets fall 27 Oct 2014 - 11:42 pm

Doha/dubai: Qatar Stock Exchange (QSE) index dropped 57.91 points (+0.43 percent) when the bourse closed at 13,486.13 points yesterday. The traded value however...

Kuwait’s oil exports to China hit 6-month high 27 Oct 2014 - 11:41 pm

Beijing: Kuwait’s crude oil exports to China jumped 64.5 percent in September from a year earlier to a six-month high of 1.17 million...

Salamander Energy gets offer from Ophir Energy 27 Oct 2014 - 11:41 pm

LONDON: British oil and gas explorer Salamander Energy Plc, which operates in Indonesia and Thailand, said it had received a conditional proposal from...

Pan-Pacific trade pact taking shape: Australia 27 Oct 2014 - 11:40 pm

SYDNEY: The shape of an ambitious pan-Pacific trade agreement was “crystallising”, trade ministers said yesterday, although the United States and Japan remain divided...

Ezdan Holding profit up 41.4pc 27 Oct 2014 - 12:35 am

Ezdan Holding Group Chairman Sheikh Dr Khalid (left) and CEO Al Obaidli. DOHA: Ezdan Holding Group recorded a net profit of QR1.01bn for...

Operational excellence is key: RasGas COO 27 Oct 2014 - 12:34 am

Officials at the 4th International Gas Processing Symposium, organised by Qatar University’s Gas Processing Center. DOHA: In the wake of the fast-growing demand...

QNB launches initiatives to develop skills for employees 27 Oct 2014 - 12:32 am

DOHA: QNB has recently held a series of developmental and skills enhancing initiatives for employees as part of its ongoing Human Capital strategy...