Business

QIB eyes stake in Bank Asya 26 Mar 2014 - 05:58 am

Doha: Qatar Islamic Bank (QIB), Qatar’s leading Islamic bank, yesterday confirmed that it has entered into exclusive discussions to acquire a strategic stake...

Qatar seeks to become region’s business hub 26 Mar 2014 - 05:57 am

HE Ali Sherif Al Emadi delivering the keynote address at the World Exchange Congress yesterday. Kammutty VP Doha: Qatar seeks to become a...

UDC wants to go beyond Pearl boundaries 26 Mar 2014 - 05:56 am

UDC Chairman Turki Mohamed Khaled Al Khater (fourth right) with other officials yesterday. Salim Matramkot BY MOHAMMAD SHOEB DOHA: Faced with a sharp...

Bankers skip big deals for Alibaba IPO 26 Mar 2014 - 05:54 am

An employee walks past a logo of Alibaba Group at its headquarters on the outskirts of Hangzhou, Zhejiang. HONG KONG: Every big bank...

QP showcases operations at Gastech 26 Mar 2014 - 05:53 am

HE Dr Mohamed bin Saleh Al Sada (centre) along with other officials at the QP pavilion in Seoul. Doha/Seoul: Qatar Petroleum (QP) along...

Osborne visits Tata Steel factory 26 Mar 2014 - 05:52 am

Britain’s Chancellor of the Exchequer George Osborne visits Tata Steel in Port Talbot, Wales, yesterday.

Quantitative easing not out of the question: ECB 26 Mar 2014 - 05:51 am

FRANKFURT: The European Central Bank could buy loans and other assets from banks to help support the eurozone economy, Germany’s Bundesbank has said,...

Royal Mail to axe jobs after going private 26 Mar 2014 - 05:48 am

A postal worker outside a Royal Mail sorting office in northern England. LONDON: Royal Mail plans to axe 1,600 jobs under a fresh...

Oriental Weavers net up 30pc 26 Mar 2014 - 05:46 am

People sit in front of market by Egypt’s Oriental Weavers, the world’s biggest machine-woven carpet maker, during its annual exhibition in Cairo. Oriental...

QFC RA reprimands RBS for insufficient training 26 Mar 2014 - 05:43 am

DUBAI: Qatar’s financial regulator has reprimanded Royal Bank of Scotland for insufficient training of its branch staff, it said yesterday. “Although RBS QFC...

Batelco plans further buy-back of 2020 bonds 26 Mar 2014 - 05:42 am

LONDON: State-run Bahrain Telecommunications (Batelco) plans to buy back a third of outstanding bonds due in 2020, using excess liquidity from a scrapped...

Toyota India hires contract workers to restart output 26 Mar 2014 - 05:42 am

NEW DELHI: Japan’s Toyota said yesterday it has hired 1,000 contract workers to help restart production, after its employees refused to return to...

Qatar promotes MICE expertise at GIBTM 26 Mar 2014 - 05:42 am

DOHA: Qatar is attending the Gulf Incentive Business Travel and Meetings Exhibition (GIBTM), which concludes today at the Abu Dhabi National Exhibition Centre...

QInvest bags ‘Qatar Deal of the Year’ award 26 Mar 2014 - 05:42 am

DOHA: QInvest, Qatar’s leading investment bank , was recognised for its role in Ooredoo’s debut $1.25bn Sukuk at the Islamic Finance News Awards. ...

Qatar Exchange back in green, up 51.02 points 26 Mar 2014 - 05:41 am

Doha: Qatar Exchange ended in the green area yesterday, adding 51.02 points, or 0.45 percent, to close at 11,309.53 points from Monday’s close...

Bank of Moscow plans expansion in Crimea soon 26 Mar 2014 - 05:41 am

MOSCOW: Russian banks may want to develop their business in Crimea, with VTB’s Bank of Moscow most interested in expanding there, Kommersant newspaper...

Crimea crisis hits German business: Ifo 26 Mar 2014 - 05:41 am

FRANKFURT: The German Ifo business confidence index fell for the first time for five months in March, data showed yesterday, as the Crimea...

Faysal Bank plans to convert into Islamic 26 Mar 2014 - 05:40 am

Karachi: Karachi-based Faysal Bank (FBL) will convert itself into a full-fledged Islamic lender as its majority shareholder, Bahrain’s Ithmaar Bank, looks to consolidate...