Business

Saudi economic growth slows to 4.7pc in first quarter 04 Jul 2014 - 07:32 am

DUBAI: Saudi Arabia’s economic growth eased to an annual rate of 4.7 percent in the first three months of 2014 as labour market...

Brent falls below $111; Libya says oil crisis is over 04 Jul 2014 - 07:31 am

LONDON: Brent crude futures fell below $111 a barrel yesterday as supply fears began to ease after Libya declared an end to an...

QE market cap rises by 23.73pc in Q2 04 Jul 2014 - 05:03 am

DOHA: Qatar Exchange (QE) recorded a solid growth during the second quarter of 2014. All major indicators including the general index, market value,...

Facebook faces British investigation 03 Jul 2014 - 01:39 am

Facebook chief operating officer (COO), Sheryl Sandberg addresses an interactive session organised by the women’s wing of the Federation of Indian Chambers of...

Monetary policy not best financial stability tool, says Fed chief Yellen 03 Jul 2014 - 01:37 am

IMF Managing Director Christine Lagarde (left) applauds US Federal Reserve Board Chair Janet Yellen at a lecture in Washington yesterday. WASHINGTON: Monetary policy...

State fund to privatise Malaysia Airlines 03 Jul 2014 - 01:35 am

A Malaysia Airlines Boeing 737-800 aircraft is seen on the tarmac at Kuala Lumpur International Airport. KUALA LUMPUR: Malaysian state investor Khazanah Nasional...

Intertec Group opens 11th outlet in Qatar 03 Jul 2014 - 01:34 am

Doha: Intertec Group, Samsung’s sole authorised distributor in Qatar, has opened its 11th outlet in the country at Al Rayyan. George Thomas, Chief...

Queen Maxima visits RBI 03 Jul 2014 - 01:33 am

Queen Maxima of the Netherlands is guided to her seat at a press conference by Reserve Bank of India (RBI) Governor Raghuram Rajan...

China becomes biggest exporter to Qatar in May 03 Jul 2014 - 01:31 am

DOHA: The US has lost its ‘top Qatar exporter’ status to China for the first time in 2014. Qatar’s latest data on foreign...

QE extends rally on banking stocks support 03 Jul 2014 - 01:28 am

DOHA: Banking stocks helped Qatar Exchange (QE) index extend its rally, rising 2.06 percent yesterday. Banking sector rose 2.50 percent . QIB surged...

Egypt eyes 5.8pc growth, 10pc budget gap in 3 years 03 Jul 2014 - 01:10 am

CAIRO: Egypt is targeting economic growth of between 4 and 5.8 percent within the next three years while holding the budget deficit at...

Orange drops French plans 03 Jul 2014 - 01:10 am

PARIS: Orange has ditched plans to take part in any tie-ups in the French telecoms market, the former monopoly said yesterday. Orange said...

Economic inequality to get worse: OECD 03 Jul 2014 - 01:09 am

PARIS: The economic inequality seen in recent years will only get worse over the coming decades as highly skilled workers reap bigger gains...

CBQ to buy out public shares in Alternatifbank 03 Jul 2014 - 01:09 am

DUBAI: Commercial Bank (CBQ) will buy out the remaining publicly owned shares in Turkey’s Alternatifbank and then delist the lender from the Istanbul...

Amlak proposes new restructuring deal for $2.7bn debt 03 Jul 2014 - 01:08 am

DUBAI: Dubai mortgage lender Amlak has made a new proposal to creditors to restructure and extend repayments of about $2.7bn of debt, aiming...

Mira Al Attiyah is QNB Capital’s new CEO 03 Jul 2014 - 01:08 am

Doha: The Board of Directors of QNB Capital, the investment banking subsidiary of QNB Group, has appointed Mira Hamad Abdullah Al Attiyah as...

Nissan is most effective auto brand in Mideast 03 Jul 2014 - 01:07 am

Doha: Nissan has repeated its top ranking as the Middle East’s most effectively marketed automotive brand following the announcement of the influential Effie...

Investment banks jockey for $100m Samsung restructuring bonanza 03 Jul 2014 - 01:07 am

HONG KONG/SEOUL: Investment bankers are jostling to win plum roles from the founding Lee family of Samsung Group, South Korea’s top fee-payer, as...