Business

Switzerland, China agree on yuan swap 22 Jul 2014 - 08:03 am

GENEVA: The Swiss and Chinese central banks signed a currency swap agreement in Beijing yesterday, marking an important step in the development of...

Seoul plans to flag down Uber taxi app 22 Jul 2014 - 08:03 am

SEOUL: South Korea’s capital Seoul said yesterday it planned to ban the smartphone car-hailing service Uber, saying it raised passenger safety issues and...

QIIB net profit grows by 10pc in H1 22 Jul 2014 - 07:03 am

Sheikh Dr Khalid bin Thani Al Thani (left) and Abdul Basit A Al Shaibei. DOHA: International Islamic’s (QIIB) financial portfolio grew by 25.7...

Bahrain opposition faces suspension for three months 21 Jul 2014 - 04:47 am

General Secretary of Bahrain's main opposition party Al Wefaq, Sheikh Ali Salman holding a banner with photo of Shi'ite scholar, Sheikh Hasan Najaty,...

Muntajat signs 2-year deal with Milaha 21 Jul 2014 - 03:35 am

Sheikh Ali bin Jassim Al Thani (left), Chairman and Managing Director of Milaha and Abdulrahman Ali Al Abdulla, CEO of Muntajat at the...

QIB makes global spending on cards secure 21 Jul 2014 - 03:34 am

D Anand, General Manager of QIB’s Personal Banking Group DOHA: Qatar Islamic Bank (QIB), Qatar’s leading and safest Islamic Bank, has brought in...

Greek banks can handle capital needs in ECB test 21 Jul 2014 - 03:32 am

A man exits a Eurobank branch as a woman (left) makes a transaction at the branch’s ATM in Athens. ATHENS: Any capital shortfalls...

Hyundai’s Ramadan campaign a big hit 21 Jul 2014 - 03:31 am

Doha: Hyundai Ramadan campaign this year has really caught the imagination of car buyers in Qatar which is quite evident from the overwhelming...

No fix yet for some Cadillacs: GM 21 Jul 2014 - 03:30 am

DETROIT: General Motors Co has ordered Cadillac dealers to stop selling some versions of the CTS model-range because the automaker does not have...

San Francisco looks to alter chain store rules 21 Jul 2014 - 03:29 am

SAN FRANCISCO: City leaders in San Francisco are looking to modify limits on chain stores and eateries put in place by a 2006...

QE index closes 129.07 points lower 21 Jul 2014 - 03:26 am

Doha: Qatar Exchange index closed lower yesterday, down by 129.07 points, or 0.97 percent, to 13,155.58 points. The trading value at close was...

Mena IPO proceeds jump 129pc in Q2 21 Jul 2014 - 03:26 am

DOHA: The Mena IPO market continued its recovery to end the first half of the year 2014 (H1, 14) strongly. There were a...

Unnamed bidder offers to buy out pay TV OSN 21 Jul 2014 - 02:39 am

DUBAI: Middle Eastern pay-television operator OSN is the subject of a full takeover bid from an unnamed buyer, its parent company said yesterday,...

Sonatrach to spend $100bn on oil output 21 Jul 2014 - 02:37 am

ALGIERS: Algerian state energy group Sonatrach has approved a $100bn investment plan for 2014-2018 to increase oil and gas output and also aims...

UAE may issue govt bonds by 2018 21 Jul 2014 - 02:37 am

DUBAI: The United Arab Emirates is expected to issue its first ever federal government bonds before 2018 to help the country’s banks meet...

Brazil eyeing Japan’s help in oil project 21 Jul 2014 - 02:36 am

TOKYO: Brazil plans to use Japanese technology in building a floating structure and ships for its huge offshore oil development project, media reports...

ADIB net profit jumps in Q2 21 Jul 2014 - 02:36 am

ABU DHABI: Abu Dhabi Islamic Bank (ADIB), the largest Shariah-compliant lender in the emirate, beat analysts’ estimates yesterday as it posted a 22.5...

Qatar General Insurance posts QR53.78m profit 21 Jul 2014 - 02:35 am

Doha: Qatar General Insurance and Reinsurance Company has announced a net profit of QR53.78m for the six-month period ending June 30. This is...