Business

GCC finance ministers, central bank chiefs meet to discuss joint strategy 26 Oct 2014 - 01:17 am

Qatar Central Bank Governor H E Sheikh Abdulla Saud Al Thani (left) and Finance Minister H E Ali Sheriff Al Emadi take part...

Gulf states risk deficit as oil price falls: IMF 26 Oct 2014 - 01:16 am

KUWAIT CITY: Oil-dependent Gulf states will face budget shortfalls if the recent decline in oil prices persists, International Monetary Fund chief Christine Lagarde...

GWC posts 36.8pc rise in Q3 profit 26 Oct 2014 - 01:13 am

A worker at the Gulf Warehousing Company. DOHA: Gulf Warehousing Company (GWC) yesterday reported a net profit of QR102.4m ($28.1m) for the third...

Medvedev visits factory 26 Oct 2014 - 01:04 am

Russia’s Prime Minister Dmitry Medvedev (centre), accompanied by Dmitry Pumpyansky (right), head of TMK, Russia’s largest maker of steel pipes for the oil...

Volvo Group profits up 26 Oct 2014 - 12:58 am

South Korean models posing during the presentation of the new Volvo Trucks range in Seoul. Swedish heavy vehicle maker Volvo said its third-quarter...

Qatargas sells LNG cargo to China’s Jovo 26 Oct 2014 - 12:57 am

Vessel LNG Lerici at Ras Laffan port. DOHA: Qatargas sold its first cargo of liquefied natural gas (LNG) to Jovo LNG Storage and...

Trans Pacific trade meet 26 Oct 2014 - 12:56 am

Trade representatives from 12 nations during the Trans Pacific partnership meeting in Sydney yesterday.

Vietnam inflation to dip 26 Oct 2014 - 12:55 am

Customers shop at a Fivi mart in Hanoi yesterday. Vietnam is expected to keep annual inflation at a rate below 5 percent, or...

Qatar’s real estate transaction value hits QR37.2bn 26 Oct 2014 - 12:43 am

DOHA: Qatar’s overall real estate transaction value during the first nine months of 2014 rose by 15.2 percent to QR37.2bn, compared to QR32.3bn...

Nakilat’s nine-month profit grows by 25pc 26 Oct 2014 - 12:41 am

DOHA: Qatar Gas Transport Company Ltd (Nakilat) recorded a net profit of QR693m for the first nine months of 2014, up 25 percent...

Fannie Mae settles shareholder lawsuit 26 Oct 2014 - 12:41 am

NEW YORK: Fannie Mae has reached a $170m settlement of a lawsuit accusing it of misleading shareholders about its finances, risk management and...

Arab Bank nine-month net profit up 10pc 26 Oct 2014 - 12:40 am

AMMAN: Jordanian lender Arab Bank Group’s said its nine-month net profit rose 10 percent to $614m compared to last year, attributing it to...

China’s stimulus measures good for global economy: QNB Group 26 Oct 2014 - 12:37 am

Doha: China’s latest stimulus measures seem to have been enough to avoid a hard landing, says a weekly report by the QNB Group...

25 European banks set to fail health checks 26 Oct 2014 - 12:37 am

FRANKFURT: A group of 25 banks have failed European health checks, while up to 10 of those continue to have a capital shortfall,...

ECB tests find €800m-850m shortfall at Ireland’s PTSB 26 Oct 2014 - 12:36 am

DUBLIN: European bank stress tests have found that Ireland’s permanent tsb (PTSB) had a capital shortfall of €800m to €850m at the end...

Bestway Group completes Co-operative’s pharma buyout 26 Oct 2014 - 12:36 am

Doha: Bestway Group has taken formal control of the Co-operative Group’s pharmacy business. This follows July’s announcement of the £620m deal. The Group...

Eurozone stares at recession: Draghi 26 Oct 2014 - 12:35 am

BRUSSELS: The ECB’s president warned divided eurozone leaders they risked “a relapse into recession” if they failed to press ahead with structural economic...

IMF fights negative interest rates 26 Oct 2014 - 12:35 am

WASHINGTON: The International Monetary Fund announced a minimum interest rate on its unique SDR currency as it fights off the impact of sagging...