Business

Positive mood continues at QE, index up 0.30pc 10 Mar 2014 - 01:16 am

Doha: Qatar Exchange pursued its upswing trend yesterday adding 35.01 points, or 0.30 percent to close at 11,642.04 points from 11,607.03 points on...

Mt Gox faced 150,000 attacks per second 10 Mar 2014 - 01:15 am

TOKYO: Bitcoin exchange Mt Gox faced massive hacker offensives last month, coming under some 150,000 distributed denial-of-service (DDoS) attacks per second for several...

LuLu Exchange, LOGOS ITS in deal 10 Mar 2014 - 01:14 am

Doha: LuLu Exchange, in association with Pearl Data Direct LLC, signed a contract with the Luxembourg-based LOGOS ITS to procure the iDETECT compliance...

Rolls-Royce to buy Daimler unit’s stake 10 Mar 2014 - 01:13 am

LONDON: British engineering company Rolls-Royce said it would fund the purchase of German carmaker Daimler’s 50 percent stake of a jointly owned power...

Govt to set up inflation target: India’s minister 10 Mar 2014 - 01:13 am

NEW DELHI: The Indian Union government has the right to set the country’s inflation target, while the Reserve Bank of India’s (RBI) role...

Canada, S Korea eye free trade deal 10 Mar 2014 - 01:13 am

TORONTO: Canada Prime Minister Stephen Harper said yesterday he hopes to finalise a free trade agreement with South Korea during a trip there...

S Korea targets $1.27bn sales in space industry 10 Mar 2014 - 01:12 am

Seoul: South Korea’s government plans to support local companies export more space-related products in order to push up sales in the high tech...

Dubai trade growth slows down in 2013 10 Mar 2014 - 01:12 am

DUBAI: Dubai’s non-oil trade expanded 7.6 percent last year, slowing from 13 percent growth in 2012, but the emirate’s trade with Iran stabilised...

Iraq cuts April crude oil prices to US, Asia 10 Mar 2014 - 01:12 am

BAGHDAD: Iraq cut the price of Basra light crude to US buyers for April by 10 cents to 60 cents per barrel below...

Bernanke says energy a bright spot in the US 10 Mar 2014 - 01:11 am

HOUSTON: The boom in onshore natural gas production in the United States has brought down power prices and may be contributing to a...

AT&T slashes wireless data charges in US 10 Mar 2014 - 01:11 am

New York: AT&T Inc said it is cutting wireless data charges for individual customers who have no annual service contract, as the No....

EU aims for deal on tackling failing banks this week 10 Mar 2014 - 01:10 am

BRUSSELS: European Union governments and parliamentarians will try to reach a compromise this week on how to wind down failing banks, in marathon...

New rules force banks to change auditors in UK 10 Mar 2014 - 01:07 am

LONDON: Barclays is changing its auditor of the past 120 years and Lloyds and Royal Bank of Scotland could follow suit as Britain’s...

Roadblock for JP Morgan Chase’s sale of private equity business 10 Mar 2014 - 01:07 am

NEW YORK: The auction of JP Morgan Chase’s private equity business, One Equity Partners, in the market since at least November, has hit...

Weekly Commodity Update: Agriculture sector underpins commodity rise as Ukraine risk fades 10 Mar 2014 - 12:56 am

By Ole Hansen (Head of Commodity Strategy, Saxo Bank) The escalating tensions between the West and Russia over Ukraine received most of the...

Ezdan Holding’s net profit jumps 289.45pc 09 Mar 2014 - 01:04 am

Sheikh Dr Khalid bin Thani bin Abdullah Al Thani (left) and Ali Mohammed Al Obaidli. DOHA: Real estate giant Ezdan Holding’s net profit...

Qatar Steel, EOL ink deal 09 Mar 2014 - 01:04 am

Ali bin Hassan Al Muraikhi, Managing Director and General Manager of Qatar Steel and Linda Kongerslev, GM of Eships Oldendorff Logistics LLC, after...

QIB gets awards for excellence 09 Mar 2014 - 01:03 am

A QIB official receiving award from an Islamic Finance News representative. Doha: Qatar Islamic Bank (QIB), the largest Islamic bank Qatar in terms...