Business

Qatar’s trade surplus hits QR31.5bn 30 Sep 2014 - 12:41 am

DOHA: Qatar’s trade balance recorded a surplus of QR31.5bn in August 2014, down QR1.3bn, or 3.9 percent, compared to August 2013, according to...

Doha Bank shareholder meet on India buy 30 Sep 2014 - 12:40 am

DUBAI: The board of Doha Bank has authorised the purchase of the Indian assets of HSBC Bank Oman, and has called a shareholder...

QE index swings back into green zone 30 Sep 2014 - 12:40 am

Doha: Qatar Exchange index reversed its downward movement yesterday and came back into the green zone with a slight gain of 9.07 points,...

QCB to issue QR4bn worth T-Bills tomorrow 30 Sep 2014 - 12:40 am

DOHA: Qatar Central Bank (QCB) yesterday announced it would issue new Treasury bills worth QR4bn on October 1, 2014. The new bills, worth...

GCCIA joins GO-15 power grid 30 Sep 2014 - 12:39 am

DOHA: The GCC Interconnection Authority (GCCIA) yesterday officially announced that it had joined the GO-15 Reliable and Sustainable Power Grids, which represents 80...

Qatar International Court dismisses Chedid’s case 30 Sep 2014 - 12:39 am

DOHA: The Qatar International Court has delivered its judgment in the case of Chedid & Associates Qatar LLC vs Said Bou Ayash following...

Troika returns to Athens for audit 30 Sep 2014 - 12:38 am

ATHENS: Greece has prepared the ground so that today’s visit by the troika of its international creditors could be the last review of...

Gulf Air to begin flight between Kuwait & Larnaca 30 Sep 2014 - 12:38 am

Doha: Following its recent commencement of direct services between Kuwait City and Istanbul, Gulf Air, the national carrier of the Kingdom of Bahrain,...

Dana Gas wins Egypt gas exploration deals 30 Sep 2014 - 12:37 am

DUBAI: United Arab Emirates energy firm Dana Gas said yesterday that it had been awarded exploration deals for two onshore gas blocks in...

Encana to buy Texas oil company for $7.1bn 30 Sep 2014 - 12:36 am

MONTREAL: Canadian energy company Encana yesterday said it has agreed to buy Texas’s Athlon Energy for $7.1bn, in a bid boost the Calgary-based...

Emaar’s mall unit IPO priced at top end of range 30 Sep 2014 - 12:36 am

DUBAI: Dubai’s Emaar Properties has priced the initial share sale of its malls business at the top end of the proposed range, marking...

Toyota will recall 690,000 Tacoma in US 30 Sep 2014 - 12:35 am

New York: Toyota Motor Sales USA Inc, a unit of Toyota Motor Corp, said it would recall about 690,00 Tacoma 4X4 and Tacoma...

Sedco launches first in-house Islamic fund 30 Sep 2014 - 12:35 am

Jeddah: Jeddah-based Islamic investment firm Sedco Capital has launched the first fund managed by its own in-house team, looking to bulk up its...

Jordan eyeing 3.3pc growth this year: IMF 30 Sep 2014 - 12:27 am

AMMAN: Jordan’s economy is resilient despite regional tensions in Syria and Iraq and violence in Gaza, with growth of over 3 percent projected...

Americans step up spending in August 30 Sep 2014 - 12:27 am

WASHINGTON: US consumer spending accelerated in August, the government said yesterday, a positive sign for an economy that appears to be firing on...

India likely to hold rates as inflation high 30 Sep 2014 - 12:26 am

New Delhi: With inflation still running high, the Reserve Bank of India at its fourth bi-monthly policy review today is unlikely to cut...

Housing market cools further in Britain 30 Sep 2014 - 12:25 am

LONDON: British mortgage approvals slipped a three-month low in August, according to official data, falling slightly more than expected and adding to signs...

Govt shifts from bank loans to debt market for funds 29 Sep 2014 - 02:18 am

By Satish Kanady DOHA: Qatari government is slowly shifting from bank loans to debt market to support its mammoth public spending. Debt issuance...